Compare Low APR Credit Cards,Bad Credit Credit Cards,Reward Cards December 3, 2007
Posted by Vedis in : Credit Cards , add a comment
It’s likely that you receive credit card offers in the mail, but which credit card should you choose? You can save hundreds, and maybe even thousands, of dollars by shopping around for the best credit card.
Before you choose a credit card, get the answers to a few key questions. The answers to most of these questions can be found in the disclosure included with the credit card application.
What kind of card is it? There are many different types of credit cards to choose from. Understand what kind of card you’re applying for before filling out the application. This will help you make sure you’re applying for the right card. (more…)
12 Tips On Picking The Best Credit Card May 1, 2007
Posted by Vedis in : Credit Cards , add a commentThese are quick tips that can help you in choosing the best credit card:
- How much is the annual fee ?
- What is the interest rate and minimum payment charged ?
- How are interest charges calculated?
- When are interest charges levied on purchases and cash advances ? Do they charge from the day you buy the item, or from a certain date every month ? (In other words, if you pay the credit card amount before this date, you get an interest-free loan.)
- What fees are charged for cash advances ?
- Are there any other fees associated with this card ? If so, what are they ?
- What extra benefits do you get ? Some offer a waiver of annual fees, free insurance, or points which can be used to pay the annual fees ?
- What paperwork do they need from you?
- If you don’t have a credit history, will they accept your chequeing and savings account history ?
- If the bank or credit card company asks for a security deposit, what is the interest rate earned on this?
- Does the government insure the deposit account ?
- Can additional deposits be made to increase the credit line ?
