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Get A Better Rate Get A Credit Card Deal
hen people look for a /category/finance-news"
credit card option to target="_blank">http://www.exeter
help them through daily.com/category/finance-newsChristmas or a holiday, over half a>. These can be 0% APR to 4%
the time they just take the first APR, which looks like a great
credit card deal thrown their deal, but the devil can be in the
way. Some people get an details. MBNA, for example, will
application in the mail and fill give you six months of
it in without even checking the no-interest spending, but
details, only to be amazed when whenever you withdraw money from
they get their card to find it an ATM, they'll hit you up for $7
has a tiny spending limit, or in fees, and apply 19% interest
it's secured and requires money to that withdrawal. When you get
to be deposited, or it has an your statement and wonder where
interest rate in six months time this interest came from, you'll
that hits 20%. find the fine print says your 0%
credit card deal only applies to
But it doesn't have to be that over the counter purchases -
way. Some of the best credit card writing checks on your card (with
deals are right under your nose - those ‘convenient' check books
you just don't know it yet. they send you) will see you
paying 19% interest AND $10 per
Some credit card companies offer check in fees. And if you think
‘honeymoon rates' that give you that's a scam, it gets worse.
six months of a year of interest
free, or low-interest, purchasing MBNA will call you up a few
href="http://www.exeterdaily.com/ account and offer you ‘credit
category/finance-news" card insurance' - a deal where,
title="http://www.exeterdaily.com should you get sick and not be
able to pay your monthly payment, What this credit card deal allows
they'll cover it for you for a you to do is move the $5000 you
while. That sounds like a good owe MBNA to another company, at
deal, especially when they say 0% interest, so you can shut that
"it only costs 75c" - what they awful MBNA card down and not be
avoid letting you know is that extorted any more. Of course, the
it's 75c PER DAY, and that you'll new card will likely switch that
soon be seeing $50 per month debt to a heavy interest rate
coming off your credit card within six to twelve months, so
balance to cover it. And if that make sure to look at the fine
puts you over your limit - then print, but in the meantime you
they'll charge you ANOTHER fee - can save yourself hundreds of
a late payment fee - of $25. Not dollars, and when the new
much of a credit card deal, eh? interest rate kicks in - just get
another card to do it all over
Of course, MBNA is not known for again!
being charitable. In fact, they
recently pushed the White House While that seems like a
to put through a new bankruptcy never-ending credit card deal of
bill that says, if you get cancer 0% - just switching from card
and can't pay your credit card company to card company - do
bills, they can now take your understand that the credit card
home in lieu of payment. Yikes! organizations don't like you
Your government working for doing that. In fact, after a few
you... transfers they'll start to show
your pattern on your credit
That said, there are some very report, and that will make you
good credit card deals out there. less of an attractive borrower in
Look out for any deal that offers future. It's fine to do this a
you a free 0% balance transfer. couple of times, but do it
forever and they'll hit you with balance is zero. Keeping it open
the credit score black mark. ‘just in case' will inevitably
lead to you racking up a SECOND
Additionally, getting another credit card debt, and that's no
card only works if you CANCEL deal at all.
your other card as soon as the
About the Author:
If you are interested in additional finance articles of mine, please feel free to visit my credit credit card secrets website!
Source: www.isnare.com
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