|
| |
Bad Credit Loan 101
Having a very shaky financial condition may pose the risk of disastrous events or options-- having to deal with higher interest rates, and worse --bankruptcy. However, there is light for the financially unstable-- bad credit loans. When one has a bad ...
Get A Cheap Credit Card By Understanding The Fees
Credit card companies charge fees of some sort or another. The key is to find a card with the lowest fees for the services you use. For instance, if you use cash advances, then investigate those fees with credit card companies before you sign up with ...
Protecting Your Credit During Divorce
Q: My spouse and I are divorcing, and share a number of joint credit accounts. In deciding how to deal with these accounts, we've discussed his paying at least some of them off as part of our settlement agreement since he earns more than I do. Recently ...
|
|
|
|
| |
Annual Fees. Depending on the credit card provider, some card holders have been charged an annual fee for the privilege of having a 0% APR credit card. Annual fees for some of these cards generally run from $15 to $20, even higher.
Late Fees. You would think that if customers had a 0% APR credit card that they would always pay them on time, right? Well, many do not. So, every time a payment is received late credit card providers would assess a late fee. With fees ranging from $19 to $39, that can add up especially if someone is habitually late.
Default Rate. Oh, that 0% rate is nice on the surface. Read the "member's agreement" and you will quickly learn that late payments will not only incur a fee, but a "default rate" would be charged bumping up the annual percentage rate to double
digit figures on existing balances as well as on new charges! If you are late you can say, "bye, bye" to your 0% APR credit card in no time.
Short Term Offer. 0% APR credit cards are still offered today. Almost always they are cards for new card holders that offer a 0% rate for a limited period of time, such as twelve months, before a higher rate kicks in, which usually is around 12%. Some cards will allow you to transfer existing credit card balances over to the new card and receive the 0% rate on transferred balances. What a great way to cut your costs and save money too!
Don't worry about credit card providers having difficulty making money even with low or 0% APR credit cards. Rates have since increased, in some cases dramatically, making it more difficult to find a low interest rate credit card. Still, great offers exist, but you must know where to find them. Searching online for your 0% APR credit card is a great way to quickly find and compare the best 0% APR offers available.
Copyright 2006 Ed Vegliante.
About the author:
Ed Vegliante runs the website http://www.credit-card- surplus.com, a directory enabling the consumer to compare and apply for a variety of credit card offers including 0% APR Credit Cards. View more Credit Card Articles.
|
|
|
|
|
|
|
