My Money: April 2008

Sunday, April 27, 2008

The Buck Stopped Here: Save on APR for Credit Cards

CONTROL YOUR FUTURE!

Take your credit card for instance. It is the current means of most financial transactions. However, many people "think" they must deal with whatever garbage terms your credit card company allows! That simply isn't true! You are valuable! Your business is valuable!

Click below to find the best credit cards at 0% interest.
100 0% APR to choose from!

CLICK HERE

The Best News is Almost all of these cards are FREE!

Credit Cards: The Good, The Bad, and The Ugly

The Good... (People with Good Credit) Depending on the credit rating, a number of credit cards are willing to business on very favorable consumer terms. For instance, a trip to credit mall suggests that there are nearly 100 companies that are willing to extend credit at 0% APR from three all the way to fifteen months! After all, the best credit risks deserve the best cards. Aside from low interest, credit cards are available in other reward categories such as cash, gas, and travel. The Bad... (People with No Credit) Students find themselves in a unique situation. While bad credit is viewed as a bank risk, no credit in some circles is viewed as too risky. Interestingly enough, most cards for students all had an initial six months with 0% APR as well. However, the terms of this deal are much different. For instance one offer shows “Two Cycles Average Daily Balance" method when determining finance charges. Wikipedia explains this as "The sum of the daily balances of the previous two cycles is used, but interest is charged on that amount only over the current cycle. This can result in an actual interest charge that applies the advertised rate to an amount that does not represent the actual amount of money borrowed over time, much different that the expected interest charge." In layman's terms, an unfavorable borrowing situation. The Ugly... (People with Bad Credit) Consumers with poor credit need plastic as well. And there are several banks which offer them. However, the terms as one would guess are unfavorable including some with no introductory rates. Most of these cards come with a hefty membership fee, an APR that is in the Ozone Layer, and a number of penalties that would make a consumer's toes curl.

My Money

Sunday, April 27, 2008

The Buck Stopped Here: Save on APR for Credit Cards

Credit Cards: The Good, The Bad, and The Ugly

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