There is no 'one' best credit card out in the market. Different cards have different features, and it greatly depends on how it is being used by the cardholder. There are times when one particular credit card type is better used over another type of card, but it would usually depend on the situation.
An introductory low interest rate, which can be as low as 0% up to the first one year is offered by many credit card companies and several banks such as American Express, Chase, City, etc. But keep in mind that you also have to pay a purchase APR (Annual Percentage Rate) when the introductory offer is over. This APR is either high or low depending on your credit score. Getting cards with an APR as low as 5.5% would be great, provided that you have a good credit score.
It is also important to know whether you have flexbile rate or not. The letter V means that your rates can vary in time whereas the letter F means that they are fixed, they don't change. Having a credit card with F is clearly the best option because the APR level is constant.
Your credit score has a huge influence on the amount of credit and APR that you will be able to get. You could be given credit cards with good APR and low interest rates on the condition that you run across a profitable business.
Having a rather poor credit score is not necessarily an obstacle. As long as your wage rate has been uniform for the last couple of months, there are CC companies kind enough to offer to help you with a business that suits your level of earnings. Just make sure that your APR is not too high for you to pay.
Obviously, improving your credit score is the key element before applying for a new CC. Your bills have to be paid on time, your credit card balances need to be kept very low, even to zero if possible and your credit score has to be checked every year.
A high credit score has multiple advantages when it comes to getting low interest rates on car loans, personal loans, mortgages and on credit cards.
Low interest rate credit cards can immediately improve your quality of life by freeing up disposable income. In other words, instead of spending hundreds of dollars every month on credit card interest, you can have that money available to meet important family expenses.
An introductory low interest rate, which can be as low as 0% up to the first one year is offered by many credit card companies and several banks such as American Express, Chase, City, etc. But keep in mind that you also have to pay a purchase APR (Annual Percentage Rate) when the introductory offer is over. This APR is either high or low depending on your credit score. Getting cards with an APR as low as 5.5% would be great, provided that you have a good credit score.
It is also important to know whether you have flexbile rate or not. The letter V means that your rates can vary in time whereas the letter F means that they are fixed, they don't change. Having a credit card with F is clearly the best option because the APR level is constant.
Your credit score has a huge influence on the amount of credit and APR that you will be able to get. You could be given credit cards with good APR and low interest rates on the condition that you run across a profitable business.
Having a rather poor credit score is not necessarily an obstacle. As long as your wage rate has been uniform for the last couple of months, there are CC companies kind enough to offer to help you with a business that suits your level of earnings. Just make sure that your APR is not too high for you to pay.
Obviously, improving your credit score is the key element before applying for a new CC. Your bills have to be paid on time, your credit card balances need to be kept very low, even to zero if possible and your credit score has to be checked every year.
A high credit score has multiple advantages when it comes to getting low interest rates on car loans, personal loans, mortgages and on credit cards.
Low interest rate credit cards can immediately improve your quality of life by freeing up disposable income. In other words, instead of spending hundreds of dollars every month on credit card interest, you can have that money available to meet important family expenses.
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