You Don’t Need Tips On How To Choose The Best Credit Card July 10, 2008
Posted by Vedis in : Credit Cards , add a comment
Like choosing the best fat burner, there are also tips on how to choose the best credit card. In fact, 12 tips.
I no longer need to read tips for picking the best credit card. The reason is simple. My goal is to be debt free in 3 to 5 years.
No more using credit cards. Use cash or debit cards. Not enough money when it comes to buying big tickets? Then, delay the purchases.
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 ?
