I certainly can't blame you if you express disbelief and outright doubt when you read the words "low APR credit card". That's like an oxymoron that's never going to come true, isn't it? When did a credit card ever have low APR? But I assure you, there is such a thing and though it's as difficult to believe as when I tell you that aliens do exist, give this article a chance and read on.
Debt Consolidation And Credit For sure, you've seen, heard and read thousands of advertisements about low APR credit cards from the TV, radio, newspapers and the Internet but you simply tune them out because you think these credit card companies are just pulling your leg.
Intelligent Finance has announced the launch of a new credit card, which offers a low life of balance transfer rate of 4.9% APR.
Check Credit Rating Well, I won't lie and say that all credit card companies are straightforward. They're not all honest. But there are still credit card companies who do mean what they say, even when it comes to low APR or annual percentage rates and to help you determine who's being true and who's being false, here are a few tips.
Business and Personal Credit Card List There are a lot of different types of online business and low interest personal credit cards available today. Some of the major card companies are Chase, Fleet, Capital one, Discover, Bank One, MBNA and Amex. Each of these companies offer very low interest credit cards and some even offer 0 apr (zero percent APR) as an incentive. Since interest rates have dropped over the past few years, there are a lot of companies who offer low interest fixed cards.
Improve Credit Rating If you're angling for a credit card with a zero percent (0%) APR intro rates, you must make sure that your credit ratings are excellent or at least more than good. If you don't know your credit ratings, all you have to do is ask and pay for a copy of your credit report from any of the major credit bureaus in the country - Equifax, TransUnion or Experian.
Credit Cards You can save as much as a thousand dollars or more each year in lower credit card interest charges by paying off your entire bill each month. If you are unable to pay off a large balance, pay as much as you can and switch to a credit card with a low annual percentage rate (APR). For a modest fee, RAM Research Corp. ( 7714) rate cards. rate cards by accessing "www.ramresearch.com.cardtrack" on the Internet.
Credit Online Rating Report If your FICO scores are above 650 then that's good because you're sure to qualify for a zero percent intro APR credit card. For individuals with FICO scores between 550 and 650, it's touch and go so better check with a credit card representative first and explain to him if you need to submit more documents to help you qualify for a credit card with 0% APR intro rates.
• Because you often need credit to build credit, obtaining major credit cards can be tough. One option is to open a secured credit card account. A secured credit card requires you to deposit and maintain money in a savings account for security. The required deposit and APR vary by credit card company; interest rates can be anywhere from 10% to 25%.
Credit Score Rating Scale Beware, however, if you have a FICO score below 550 and you still actually managed to find a credit card company who assures you that you're qualified for a 0% APR intro rate credit card. Something's definitely fishy going on.
Barclays Bank credit cards now fall under the umbrella of 'base rate tracker' credit cards, which means their typical APRs vary with the base interest rate as set by the Bank of England. If interest rates go up, your card's interest rate will too. If rates go down, however, so will the cost of using your Barclays Bank card.
Bad Card Credit Credit People If you find yourself in this kind of situation, I advise you to refuse that offer politely then simply go through the necessary steps to fix bad credit. When your credit reputation is sufficiently repaired, just re-apply for a 0% APR intro rate credit card and just maybe, your luck may have finally changed.
Free Credit Rating Report Michael Colucci is a technical writer for Low Interest Credit Cards - A site that offers credit cards with an intro rate of 0% for 12-15 months.
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Bad Credit Rating Michael Colucci is a writer for $2.99 Hosting and Low Interest Credit Cards
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