Credit card

Best Low APR Credit Card

Low APR Credit Card Boost Credit Card Sales

Best Low APR Credit Card

Credit card companies are using different marketing strategies to sell their credit cards effectively.

Several advantages being offered by credit cards are more likely to attract consumers. However, most potential clients always consider the most essential benefit they could get out of purchasing a credit card.



So, the credit card companies greatest come-on for their consumers are the lower credit card APRs.

It is a trend that most people would shop for lower credit card APRs because it helps them save bigger amounts of money. In addition, credit cards with higher interest’s rates results to higher monthly bills.

The low APR credit card is one great option for credit card holders in securing their credit in the long run.

Lower interest’s rates are equivalent to lower monthly bills. It helps them pay less money when using their card or borrowing money.

But never forget that credit card scores make the interest’s rates either higher or lower.

Many consumers are sometimes not informed that this type of credit cards exists. Lower APRs is one of the most important factors that must be considered when looking for a credit card.

Most credit card holders only realize the effect of higher interest credit cards after seeing their monthly bills. They will then hurriedly cancel their credit cards so that they can apply for lower credit card APRs.

So, to prevent this kind of trouble, always consider different factors when applying for a credit card. Try to avoid committing common mistakes because you didn’t thoroughly looked at the matter beforehand.

There are different variations on credit card APRs value. It could be as low as six percent but it could also be as high as thirty percent.

However, most lower credit card APRs are reserved for individuals who have excellent credit history.

Credit card holders should remember that low credit card APRs are the company’s way to boost their sales. There are some companies who are even offering zero percent APRs on their credit cards.

But this kind of benefit is only temporarily enjoyed for just within a few months or upon the introductory period. The interest will be increased after the given period.

Take note, credit card companies cannot sustain a zero percent APRs on their credit cards. It will jeopardize their business to bankruptcy.

Being a consumer, it is your responsibility to know and understand what low credit card APRs really means. Always carefully read fine prints of the company, the conditions and terms of your credit cards, and the duration of availing the lower APRs.



Credit card companies always retain good customers with good credit card history. They are able to offer them a permanent credit card low APR.

Another procedure that credit card holders should do is to transfer from one company to another to obtain low APRs as a bonus.

Credit card holders should be cautious because APRs are calculated differently from one company to another. Make sure to compare different APRs before you purchase a particular credit card.

Check for the possibility of additional fees in connection with low APRs. Most complacent consumers fail in this process that is why they are also charged with higher fees although they get a low APR credit card.

There are a lot of benefits if you get the right low APR credit card. It will save you good credit deals.


Using Secured Credit Cards To Establish The Best Credit History

Credit cards are used by a lot of people today. Besides, with a credit card, you can purchase the items you need in your everyday life without the need to carry any money at all.



The bank will be the one to pay for your purchases but you will also be required to pay it back in a monthly basis.

The bank will send you the billing statement that will contain all the billing information, such as the items or services you purchased and also the interest.

However, most banks will require you to have a good credit rating first. A credit rating is important. It will determine if you can get a mortgage or in this case, a credit card. Without a credit rating, you will find it hard to apply for a credit card.

credit rating will contain all the necessary information that the bank will need whether they can issue you a credit card or not.

It will contain information, such as if you recently applied for credit, how long you had the credit, what type of credit you have (loans, mortgage, credit cards), how much you owe, and also your payment history.

A good credit rating will get you the exact credit card you need.

However, if you don’t have a credit rating, you will really find it hard to apply for a regular credit card but it doesn’t mean that you can’t apply for one.

There is one way that can help you establish a credit rating and at the same time, get a credit card. This is called a secured credit card.

This particular credit card is great for people who are looking for a way to establish a credit history or to repair their credit rating.

Getting a secured credit card is one of the best ways to establish a credit history. So, you may now ask what the difference between a regular credit card and a secured credit card.

A secured credit card uses the money you deposit in the account. This card will also have a balance limit that will not be more than the amount you deposited in the account.

Once you deposited an amount on the credit card, you can now use the credit card at once. With this kind of feature, it can be both beneficial to the lender and the borrower.

Not only that this will establish a good credit history for the borrower, but it will also minimize the risk of overusing the credit card because he or she is only limited to spend the amount they deposit.

For the lender, a secured credit card will minimize the risk of not being paid back by the borrower. The secured credit cards also doesn’t have an annual fee that you have to pay for.



Establishing a good credit history will start once you start using your secured credit card. Also, you can use the secured credit card for as long as you want. In time, as you build your credit rating, you can now apply for regular or unsecured credit cards.

The main drawback on secured credit cards is that it will usually have a higher interest rate than most unsecured credit cards.

Secured credit cards are great for people who are just starting out on establishing a good credit history. However, you should always make sure that you can afford to pay for the monthly bill in order to establish a good credit rating.

Unsecured credit cards require you to be responsible, if you think that you are not responsible enough in terms of spending, you shouldn’t apply for an unsecured credit card yet.


How To Prevent Credit Card Fraud

Credit card fraud is a serious problem in the United States, causing an estimated one billion dollars a year in losses to consumers.



Consumers pay for this fraud when they have to pay higher finance charges, annual fees and increased costs for law enforcement.

Guard bills and credit cards

Consumers should keep in mind the following to protect themselves against credit card fraud. First, protect your bills and credit cards from scam artists.

Unscrupulous persons raid mailboxes and steal not only new and renewal credit card offers, but also bills, in order to obtain credit card numbers of consumers.

You should be aware of when your bills and replacement credit cards are due to arrive. If your bills are late, contact your credit card company. You should sign all credit cards when they arrive by signing the back with your usual signature.

Keep a separate record of your card and account numbers

It is a good idea to keep a record of all your credit card numbers in a secure place separate from your wallet. Your credit card records should include the expiration date of each card and the phone number and address of the company that issued the card.

Check your cards periodically to ensure that none of them are missing or have been stolen. Always be careful to get your credit card back promptly from sales clerks when making a purchase.

Guard your credit card numbers

When making credit card purchases over the phone guard your credit card numbers. Do not give out your credit card number out over the phone unless you are dealing with a company you know well and have done business with before, and unless you have initiated the call to the company in order to make the purchase.

Never give your credit card number to anyone who calls you on the telephone. You should memorize any PIN number related to a credit card, and if you write it down, do not keep it with your credit card.

Limit identification presented to cash a check

Sometimes when you are making a purchase in a store, a business may require that you show them that you have a valid credit card before accepting your check.

A merchant will often note the type of card, such as Visa or MasterCard, that you have produced and the name of the issuing bank. Do not give out your credit card number to anyone to guarantee a check.



Keep receipts and report stolen credit cards

There are a number of things you can do to protect your credit card privacy when making purchases. Destroy all carbons and voided receipts immediately.

Keep receipts of all purchases you make and check your credit card statements against them. If you are not using a particular credit card, destroy it immediately.

And, of course, if any of your cards are lost or stolen, report the theft immediately to the issuing company.

When you are traveling, carry the names of the issuers of your credit cards, your account numbers, and the toll-free numbers of credit card issuers in a secure place, separate from your wallet.

If you report any cards as lost or stolen, make a note of the date, time and the name of the person to whom you spoke when you reported the incident.

Limit your liability for cards reported lost or stolen

Most companies have toll-free numbers and twenty-four hour service to deal with emergencies such as the loss of your credit or charge cards.

You should report lost or stolen cards immediately because once you do, you have no further responsibility for unauthorized charges.

The maximum liability in any event under Federal law is $50 per card. If you suspect that your card has been used fraudulently,

the credit card issuer may ask you to sign a statement under oath that you did not make the purchases charged to your card.


Credit card anyone?

The emergence of electronic age made almost everything possible to people. Determining and curing terminal diseases made convenient, reaching uncharted territories became a possibility,



and most of all; everyday life of people is made easy by the technology. We now have more convenient stores, easier means of transportation and a variety of gadgets that makes work and pleasure almost effortless.

When it comes to finances, technology—through efficient banking system and services—has given people better alternatives and options how to manage their finances.

Among the so many financial management schemes that emerged, one alternative stands out among the rest—the credit card.

Credit card, especially to working people and those who live very busy lives, has become an ultimate financial “savior.”

More than just being a status symbol or an add-on to expensive purses and wallets, credit card has revolutionized the way people spend their money.

But, more than the glamour and the convenience credit card brings, there is much more to this card than most people could ever imagine.

Credit Card 101
Before indulging much into the never-ending list of the advantages and disadvantages of having a credit card, it is very important for people to first have a brief realization of what credit card really is in order for them to maximize its potentials.

In layman’s terms, credit card is a card that allows a person to make purchases up to the limit set by the card issuer.

One must then pay off the balance in installments with interest payments. Usually, credit card payment per month ranges from the minimum amount set by the bank to entire outstanding balance.

And since it is a form of business, the longer the credit card holder wait to pay off his or her entire amount, the more interest pile up.



Since having a credit card is a responsibility, only those people who are of legal age and have the capability to pay off the amount they are going to spend through their credit card, is allowed to have one.

Actually, most of the adults in the U.S. use credit card because this is very convenient compared to carrying cash or checks every time they have to purchase something.

It is also equally important to be familiar with the different types of credit cards before you begin to build up credit card balances and to avoid having a nightmare of debt.

Since credit cards are indispensable to most consumers, it is a must that they understand the types of card that include charge cards, bankcards, retail cards, gold cards and secured cards.

All of these types come in one of two interest rate options—the fixed and variable. Actually, it doesn’t really matter if you decide to have a fixed-rate credit card because the interest rate remains the same.

Compared to variable rate cards where rate may be subject to change depends upon the credit card issuer’s discretion, fixed-rate carry higher interest rates.

Basically, credit card grantors issue three types of accounts with basic account agreements like the “revolving agreement” a.k.a.

Typical Credit Card Account which allows the payer to pay in full monthly or prefer to have partial payments based on outstanding balance.

While the Charge Agreement requires the payer to pay the full balance monthly so they won’t have to pay the interest charges, the Installment Agreement, on the other hand, asks the payer to sign a contract to repay a fixed amount of credit in equal payments in definite period of time.

Another category of credit card accounts includes the individual and joint accounts where the former asks the individual alone to repay the debt while the latter requires the partners responsible to pay.

The common types of credit cards available through banks and other financial institutions also include Standard Credit Cards like Balance Transfer Credit Cards and Low Interest Credit Cards;

Credit Cards with Rewards Programs like Airline Miles Credit Cards, Cash Back Credit Cards and Rewards Credit Cards;

Credit Cards for Bad Credit like Secured Credit Cards and Prepaid Debit Cards; and Specialty Credit Cards like Business Credit Cards and Student Credit Cards.

Now that you have an idea how many types of credit card there is, it is now time to review your goals before applying for one.

Some of the things you should consider is how will you spend with the credit card monthly, if you plan to carry a balance at the end of the month, how much are you willing to pay in annual fees,

if you have a strong credit history and is does your credit in need of rehabilitation. Once you have an idea of what you are looking .

for choose the right credit card for you by researching the information you need that will fit your basic needs. You may also review the credit cards you’ve research and compare them.



Shopping for a credit card?
Regardless of the type of credit card you choose, be sure to discuss your specific financial needs with your financial advisor or accountant before applying for any credit card.

It is a must that you understand the benefits of having a credit card like safety, valuable consumer protections under the law, and the accessibility and availability of services.

The most popular credit cards include Chase Manhattan Bank, Citibank, Bank of America, BankOne, American Express, Discover® Card, First Premier Bank, Advanta, HSBC Bank, and MasterCard Credit Cards.

Although having a credit card is synonymous to invincibility, this may also trigger a person’s thirst for material things and may lead into the temptation of buying something they don’t really need.

credit card bearer should always have in min that having a credit card is a big responsibility. If they don’t use it carefully, these may owe more than they can repay.

It can also damage their credit report, and create credit problems that are quite difficult to repair.


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