Category Archives: Credit Card Interest Rate

Video Guide to Low Interest Credit Cards

Low Interest Credit Cards have never been this fun! Check out this new anime film that digests the basics about credit cards and low interest rates. This is the only Video Guide about Interest Rates that anyone can understand. If you ever wanted to make credit cards work for you – watch this guide! This video can be used as curriculum or supplemental material for higher education.

Here you can find Low Interest Credit Cards:
http://www.credit-land.com/low-interest-credit-cards.php
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If you’re trying to payoff credit card debt, and reduce building balances, the best place to start is to figure out how much you owe and what percentage APR or interest rate you have. Once you know, you can begin calling your credit card companies to ASK them to lower your interest rate. Be sure to call when you’re feeling strong and confident, so that you’re less susceptible to intimidation.

Even if your credit score is low — CALL and ASK. It never hurts to ask. If you don’t ask, the answer is no anyway. Right?

If you’re successful in transferring a balance to a ZERO percent interest rate, be careful not to pretend you’ve solved your debt problem. You still have the debt, and it still needs to be PAID OFF. Continue to throw as much extra money at it as you can, and pay them off as fast as possible. Stay mad at it. Stay committed to reaching your goals of a debt free life. You can do it!

If you’re calling to cancel your credit card, be ready to be patient and possibly to defend your decision by repeating your request several times. “Yes, please, I’d like to close my account, thank you.” You’ll likely be bounced around to different people. They’re hoping you’ll get frustrated and hang up or lose your nerve. Don’t let them convince you that you NEED them. All you need is to be debt free so that you’re free to build wealth. Credit Cards will not help you reach that goal.

Payoff your credit cards from smallest to largest. The math on this may not seam logical, but it will help keep you motivated by giving you quick wins. It’s inspiring to pay off credit card balances. It’ll boost your confidence and make you feel empowered. You go girl (or boy!).

How We Stopped Living Paycheck to Paycheck https://youtu.be/HFofLtL_Dqo

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How To Keep Your Credit Card Interest Rate At 0%

We’ve all been tempted by 0% credit card interest rate offers. These offers are usually for short periods of three to 12 months and there are usually conditions attached. For example, the preferential rate may apply to balance transfers, but not to cash withdrawals. The low interest rate may not apply to credit card cheques or purchases either.

People who are carrying a large debt will want to make the most of 0% interest rate offers. Here’s how to keep your interest rate at 0%.

Researching 0% Credit Card Deals

First of all, it is best to research the card offer thoroughly. Consumers need to find out:
– what period the 0% interest rate is for
– whether it is for balance transfers only
– whether it applies to other spending on the card
– what the rate is for cash withdrawals or credit card cheques
– whether there is a balance transfer fee
– what other incentives there are for using the card

Answering these questions will help consumers to decide which 0% card is right for them. It is especially important to pay attention to the period that the incentive offer lasts for. To keep paying 0% interest, consumers will need to apply for a new 0% card a month to six weeks before the old offer runs out. This leaves time to get the card, activate it and transfer the balance without incurring any additional fees from the current card company.

Rate Surfing Benefits

Moving from card to card, or rate surfing, is a common way of keeping interest rates low and paying off as much of a debt as possible. Using a 0% card means that any money paid is reducing the outstanding debt rather than paying interest. This is good news for consumers’ long term financial stability.

Of course, there’s no guarantee that consumers will be able to get another card. This will depend on their credit profile. The best way to maintain a good credit profile is to have some credit card debt (but not too much) and to make all payments on time. This will show card companies that you are a good credit risk.

Watch Out For Balance Transfer Fees

Card companies do not like credit card tarts, another term for rate surfers, because they lose hundreds of thousands of pounds’ worth of income that they would normally gain from interest. As a result, many credit card companies take their money up front by charging a balance transfer fee of around 2% of the balance transferred. Even with this fee, savvy consumers should be able to shop around for the best rates and pay much less interest than they would normally have done.

In addition to the incentive of a 0% interest rate, consumers can also benefit from other rewards. These include points that can be used for travel, earning vouchers, cash back and charitable contributions. This means that consumers can reduce their outstanding debt and gain a reward as well.

Joe Kenny writes for the Credit Card Guide, offering views on credit cards in the UK, visit them today for some great 0% balance transfer offers and start clearing credit card debt today.

Credit Card Debt Reduction Tips: 3 Great Ways to Save Big

If you are suffering from credit card debt, you’re not alone. Credit card debt is growing at an alarming rate, as more and more people find their balances getting larger and larger. But you really can achieve significant debt reduction by following some very simple strategies.

The problem, of course, with credit card debt is that interest can accumulate rapidly. This can result in larger monthly bills, which can lead to late payments, which in turn can result in even higher interest rates.

This spiral can quickly get out of control. The key to achieving credit card debt reduction is to break this spiral and begin to pay down your debt. The following are three ways to do just that.

1. Never Pay a Credit Card Late Fee

Late fees have been increasing by leaps and bounds lately, and grace periods having been getting shorter and shorter. Make sure you always pay at least your minimum payment on time. If you are absolutely unable to pay even that, then call your credit card bank and alert them. You might be able to buy yourself some time.

If you are late with even a single payment by as little as a day, there is a very good chance the bank will raise your interest rate, often by 50% or even more. Over time, this can can add up to charges far more significant than the 30 or 40 dollar late fee.

If you do miss a payment, then make sure and call your bank as soon as possible afterwards. Many banks will waive the fee if you asks them to, especially if you have a valid excuse (like you were ill or out of town). But in any case, get them to waive the fee, for this will most likely spare you from having your interest date raised and possibly save you hundreds of dollars or more.

2. Get Your Credit Card Interest Rate Lowered

If your credit card interest rate is too high, call your bank and ask them to lower it. Odds are, you could find a lower rate elsewhere, and your bank knows this. So call their bluff. Tell them you can get or have been offered a lower rate, and ask them to match that rate. If they refuse, all you have lost is a phone call. But if your request is reasonable (don’t ask them to drop your rate to %5), there is a very good chance they will lower your rate.

3. Get a New Credit Card

If your bank refuses to lower your rate, simply search for a lower rate card and transfer your balance. There are plenty of banks out there eager to accept balance transfers. Furthermore, even if you have made some late payments, thus causing your rates to rise, the odds are your credit rating hasn’t been affected. Banks usually alert credit bureaus when payments are significantly late (by like 30-60 days). If your credit rating remains unscathed, there should be nothing stopping you from finding a card with a lower rate and saving lots of money in the process.

If you utilize one or all of these methods, make sure you use any money you save to pay down the balance on your cards. Pay off as much of your balance as you can, and in no time, you will be free from the burden of credit card debt.

Scott Russell is a writer, consultant, and editor of debtconquest.com, where you can find information on credit card debt elimination, bankruptcy help, and debt relief strategies.

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Authentic and low credit card interest rate

Charge cards have become the biggest necessity in the present globe these days. Bank cards have simplified banking all over the globe. In past times banks needed your attendance and looks for just about any transaction inside bank whether it is conserving or withdrawal. Whatever you needed you might just access the service when you’re literally when you look at the lender. As banking institutions consistently develop and banking institutions became much more digital rather than real, signatures became obsolete and were quickly replaced by bank cards. Charge card manufacturers are now actually hectic creating one card after another every drawing its very own advantages as well as disadvantages. It happened to be crucial that you understand the regards to the contract and credit cards prior to getting one, so you don’t end in a great deal debt from the cards.

Credit card rate of interest is dependent upon the provider of this card. Often the companies need making profits from withdrawal, and buy of items. Any of the transactions regarding card tend to be charged with interest and in many cases you will discover you have compensated such money not on the transactions plus the interest recharged into the card. Lots of people cannot review any of the agreements and expenses provided for them, and also this often causes abuse of this cash. The contract specifics the interest prices recharged on different transactions. For example chares for food items using the bank card might appear convenient yet they draw a top interest rate and frequently trigger high fees regarding the card. In identical size, in the event that you charge a card in a shop twice, it’s likely to-draw double interest. They’re all stipulated in contract and provide you with the opportunity to determine the bank card interest rate.

Today, technology makes it possible to gain access to professional advice for credit card interest. For example utilizing the net you can comprehend the precise fees on the card and how they determine the interest price on your card. The calculation can be done for your needs online without much hassle; there was actually no dependence on one to go from bank to a different, you have access to all this information on the web. The online resource in addition lets you compare interest levels from various companies. Businesses making money online often make their quotes and supply a forum by which customers can connect and compare experiences. This increases the chance of finding the right interest.

using a licensed and recognized charge card provider is also much wiser. Celebrated businesses are a lot much more stable and tend to be less likely to replace the rate of interest recharged towards the card. Celebrated companies may charge higher prices, by a small margin nevertheless the price is unquestionably worthwhile as contract has actually definite terms. In addition, usually do not select the colorful and aggressively marketed cards without comprehending the basic assumptions and concepts that guide the utilization of the card.

Understand your credit card interests before you start using it. Know the interest rates of banks and picked your lender properly. Click the overhead links understand more details.

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What Are The Ways And Means To Lower My Credit Card Interest Rate?

Why use credit card?

A credit card is nothing but a loan that is offered by a bank to a customer and the only difference is that it is in the form of plastic money rather than dollar notes. Any customer who uses his credit card for various purchases or drawing money from ATM’s will be required to pay the loan amount and the interest rates correctly in order to maintain a good credit history. But most of the credit card users are trying ways and means of finding out the various options by which they can lower their credit card interest rates. If you are also looking for possible answers to this question, then you have landed at the perfect place that will help you out in knowing the methods through which you can lower your credit card interest rates.

Good credit card rating

It is important for you to repay your minimum amount due and if possible some amount more than the minimum amount due in order to be in the good books of the credit card companies. If you have missed paying the amount due to the credit card company for more than one time, then you are not doing any good to improve your credit rating. Once the company is satisfied with the fact that you have a good credit rating and that you are repaying your dues on or before the stipulated time, the company might consider your request of lowering your credit card interest rate. Most of the credit card companies will consider your request for lowering the credit card interest rate due to the fear of loosing a perfectly repaying customer.

Comparison with other banks and balance transfer

It is always better to compare the interest rates charged by other credit card companies with the credit card interest rate of your bank or credit card company and if you find that the interest rates are lower in other credit card companies, you are the liberty of questioning your credit card company of the reasons for this high rate of interest and can also negotiate with the company to offer you interest rates at par with other companies or even a lower interest rate. If this is not working out, then you always have the option of transferring your credit card balance to 0% interest credit card Company that will not charge with annual or joining fees. But make sure that you clear all the balance dues to the bank before the expiry period of the card or else the renewal rates will be very high.

Conclusion

Whatever be the option that you choose to lower your credit card interest rate, it is important for you to make sure that you pay the minimum amount due to the credit card company within the allotted time and this will help you in maintaining the same credit card interest rate at all times. It is Important for you to analyze the options that are available in front of you to choose the best one that will help in lowering the credit card interest rates on your card.

www.interest.net is the best online source to look for interest rates for savings and interest on savings account, click on the link to know more about company’s services and special offers.

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How to Lower Your Credit Card Interest Rates

Debt Free for Life’s David Bach show you how to lower your credit card interest rates in six steps. For more great videos, visit WalletPop.com.
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Today’s question is: What Is An Introductory APR?
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Many credit cards come with a 0% introductory APR, or annual percentage rate, but what does this mean? How does it compare to a regular APR? There are some important differences when it comes to how these two rates are used to calculate your interest, and you could potentially have both rates active on your account at once.

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Credit Card Interest-Rate Scam Refuses to Die

Has “Rachel from Card Services” called you?
Telephone fraudsters know that Americans are fed up with high interest rates on their credit card balances and have for years been trying to cash in on that frustration by tricking consumers into paying them as much as several thousand dollars for bogus rate reduction programs.
This con, often initiated by pre-recorded robocallers like “Rachel,” has been going on for years. And despite numerous enforcement actions by the Federal Trade Commission (FTC), it just won’t go away.
Bikram Bandy, coordinator of the FTC’s Do Not Call Program, says he is concerned that many people are falling for the scam – and losing money – when offered the “too-good-to-be true” promise of unrealistically low interest rates.
“It’s disheartening that this scam continues, and it does continue because the scammers are still making money from it,” Bandy told NBC News.

http://feeds.nbcnews.com/c/35002/f/663303/s/47e663bd/sc/24/l/0L0Snbcnews0N0Cbusiness0Cconsumer0Crobocall0Ecredit0Ecard0Einterest0Escam0Econtinues0Eplague0Econsumers0En387676/story01.htm
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This video was produced by Wochit using http://wochit.com

Watch and listen as I call my credit card company and ask for a lower interest rate.
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You Can Lower Your Credit Card Interest Rate

Your credit card is one of the best things that could happen to you in your adulthood, until you have to pay for it. While paying for anything requires money, as a credit card implies debt, you are required to pay more for everything that you buy. It is an altogether different story if you do not clear your credit card debts regularly, as the extra amount of money you need to pay only compounds. Yes, like the majority of the banking systems, credit cards also function on the compound interest rates, implying that with time, not only the money you owe, but also the simple overall interest rates on the ‘borrowed’ money would be increasing. However, owing to competition, some banks offer more easy-going interest rates on their credit cards to attract customers. A smart customer would make the most out of such methods.

Credit card interest is indeed typically very substantial. On an average, unpaid debt on a credit card would yield to several thousand dollars of interest (apart from the actual amount during purchases) every year. The best way to avoid such humungous amounts of further debt would be to maintain the healthy habit of clearing your debt on a regular, monthly basis. However, as we all know, this may not always be feasible. There are other steps that you can take to ease the debt.

If you haven’t applied for a credit card yet, the first thing to do is to check the interest rates charged by your issuer. This might be too obvious to be a serious checkpoint, but the fact is that a large section of customers would realize what interest rates their issuer is charging them only when they check their credit card statements. Furthermore, most of us don’t even realize that some credit card companies or banks charge outrageously higher amounts over the others, by providing certain benefits that we wouldn’t ever put to use. So, compare different credit card interest rates offered by the different issuers.

You can get more information on your credit card services apart from the interest rates by visiting the company/bank’s website. Go through everything thoroughly, even if you already own the credit card. Also visit a bunch of competitor websites and look for relevant information. This exercise would clearly reveal to you how exactly your credit card interest rates are different from those offered by other issuers. Look for specific issues such as the current rate of interest you pay, and the current interest on other credit cards; your company’s special offer to new credit card holders in comparison to the offers made by other companies, etc.

If you do not wish to switch from your current company to a credit card company that offers lower interest rates, you still have a choice. Do you know that you can actually make a request to your company to lower your credit card rates by approaching the right level of authority? Yes, that’s possible, as these companies are well-aware of the competition in the market, and would budge a bit to accommodate their customer. Finally, while you do have options to reduce your credit card interest rate, make sure to check on the pile of credit on a regular basis.

Want to lower your credit card interest rate? Then you just have to click on the link to know more about mortgage interest rates, follow the link for more information.

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0 Credit Card Interest Rate is Not what it Appears

You can find worries among financial advisors that people customers that wanting to utilize the brand new credit cards that offer a 0 credit card interest rate are increasingly being deceived. Many customers have seemed with this type of bank card as a license to owe money without paying high interest rates. But that is simply not the truth. You will find clauses into the agreements for people who make these deals that should be look over. They say that if you skip a payment then the offer becomes null and void and also the excessively high interest levels that everyone is employed to spending kick back in. That will come because quite a shock to somebody who believes that they have a tremendous amount to their credit card.

Studies have already been performed about this practice and exactly what this means towards the typical consumer. They will have shown that most folks do not realize whatever they have actually signed up for and just how much it might price all of them whether they have to miss a monthly payment. They will certainly find that the punishment is very large. Not only can there be a top interest payment expected but this kind of 0 credit card interest card also has various other charges for a missed repayment. Included in these are becoming profiled as an unhealthy charge card risk. This means it can affect the customer’s capacity to get various other bank cards, or even other credit requirements like car and truck loans, mortgages, or any other unsecured loans.

Needless to say, if you are capable of making your payments promptly, you will not need to worry about getting your interest rate revert to a larger one. But take into account that if you send your payment, there is always the chance of a delay which you have no control over. Even in the event your repayment strikes the middle and it is posted a single day after the deadline, could nevertheless be considered late and certainly will find yourself today saddled with an interest rate that could not be great.

The fact is that finding an excellent rate of interest on a credit card is truly more involved than simply signing up. The buyer must investigate the conditions and terms carefully before making a decision which card really provides them much. Creditors strive to create 0 bank card interest cards be seemingly a whole lot, but they are a lot less than they look. The truth is that a very important thing many customers can perform to assist them to prevent financial obligation is stay to a single or two charge cards rather than discuss their particular restriction. Repaying interest on anything you simply bought on sale loses you the benefits of that sale.

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