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5 Cons of Owning a 0 APR Credit Card

Admin Manager - Tuesday, May 01, 2018
If you have received an offer recently for a 0 APR credit card, you may have been very tempted to send in the form signed and ready to go. You may have seen the words “0 percent interest” and jumped at the chance to shop for six months with impunity. You may even have thought that this was the answer to all your credit card or bank loan debt, allowing you to consolidate your bills and pay one low price with no interest. And all of these things may be true. However, there are some ..

Online Credit Card Usage - Convenience At Its Best

Admin Manager - Sunday, February 11, 2018
Commerce and technology, combined as a one package – this is what online credit cards are. With the advent of internet, the knowledge and communication barriers were broken. Also, with internet, came the concept of e-shops or virtual shops that existed only on the internet. You could shop at these shops by making use of their online credit card payment-acceptance ability. Once the online credit card payments were verified and approved, the goods got delivered to your door. This is what we  ..

ADDING A BABY TO YOUR CREDIT CARD: IS IT POSSIBLE?

Admin Manager - Monday, January 15, 2018
Oh, I know, this question may seem totally ridiculous. It’s not as if a newborn can head to the mall for a toy shopping spree right? Well, technically, you can add a baby to (some) credit cards. But, keep in mind it won’t give your child the credit-score boost you may have been hoping for. Cards that will let you add babies as authorized users When you add a person as an authorized user to your card, you (as the main account holder) are still the one responsible f ..

Free Credit Card Bonuses Are Expensive If You Fail to Pay Your Bill

Admin Manager - Saturday, December 30, 2017
The credit card business is definitely a competitive one. It's also a quite profitable one and the combination of the two explains why you seem to find a pre-approved application in the mailbox pretty much on a daily basis. A new customer is worth a lot to the companies that issue credit cards; most consumers will spend hundreds of dollars in interest during the time they carry their card. Because the business is so competitive, many card issuers offer various bonuses and incentives  ..

WHY PAYING YOUR BILLS ON TIME IS SO IMPORTANT

Admin Manager - Sunday, July 09, 2017
By simply paying your bills on time you’re already improving your credit score. That sounds ridiculously simple but it really works, because paying promptly shows lenders that you take debts seriously. Paying your bills on time increase the odds of you making the payment on a new debt on time as well, and that is definitely something a lender is interested on. In fact, according to experts, up to 35% of your credit score is based on how often you pay your bills on time, this easy  ..

CREDIT CARDS: THE HIGH INTEREST RATE SOLUTION

Admin Manager - Tuesday, November 01, 2016
The Federal Reserve has raised interest rates substantially over the past two years. Consequently, credit card annual percentage rates have followed suit. Nearly all credit cards tie their interest rates to the prime rate, which has doubled to 8% from 4% during the string of rate hikes that began in 2004. This has led to interest rates on credit cards rising by 30% or more. Since August of 2006, the Federal Reserve has kept interest rates steady and many economists believe the next move may be a ..

CREDIT CARDS: HOW DO THEY DO THAT?

Admin Manager - Tuesday, October 25, 2016
During the days when the Federal Bank interest rates were at its lowest, back in 2002 and 2003 to be specific, countless credit card providers offered 0% APR credit cards to many consumers. Needing only to pay the outstanding balance, smart consumers were able to charge credit cards up to their limits without incurring monthly interest charges. The question that some people were asking when these cards were at their peak of popularity was this: how do credit card providers make money off of this ..

CREDIT CARDS: A WAY TO ELIMINATE DEBT

Admin Manager - Tuesday, October 18, 2016
It is interesting to note that what started off as a marketing gimmick has now become an almost permanent part of the credit card industry in America and today 0% APR credit cards can, in fact, play a significant role in helping a person reduce or get out of debt. What is a 0% APR credit card? APR is the annual interest rate known in the industry as the “Annual Percentage Rate”. It is a reflection of the cost of credit. In the old days, everybody paid a standard APR based o ..

CREDIT CARDS: A TOOL TO ELIMINATE DEBT

Admin Manager - Tuesday, October 04, 2016
0% APR credit cards: a tool to eliminate debt. It is interesting to note that what started off as a marketing gimmick has now become an almost permanent part of the credit card industry in America and today 0% APR credit cards can, in fact, play a significant role in helping a person reduce or get out of debt. What is a 0% APR credit card? APR is the annual interest rate known in the industry as the “Annual Percentage Rate”. It is a reflection of the cost of credit. In ..

CREDIT CARD — COPING WITH YOUR FINANCES

Admin Manager - Tuesday, September 27, 2016
Credit cards are a big responsibility. When used improperly, they can disrupt your future financial solvency and cause you other cash flow problems. The more you know about credit, the more likely you will use this powerful tool wisely. Credit card users nowadays are making a giant leap from the typical shopping experience to a cashless shopping extravaganza. It is very easy to get in over your head with credit cards. With the endless shopping convenience that credit cards can bring, m ..

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