January 20, 2018

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Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Important Things to Know About Credit Cards

Creating a positive and healthy relationship with your credit card starts at the beginning. Before you apply for a new credit card make sure you understand several aspects of the card before you move forward. Understanding what you're getting into before you jump into applying for a credit card will lead you to a more successful financial future.

Card Type
Secured card, unsecured, private label and more are examples of credit card types to choose from. Some of these cards require you pay cash collateral or load a balance before using. Others allow you to use anywhere MasterCard and Visa are accepted while some must be used at specific stores. Your credit history will often determine which credit card types you're eligible for.

Interest Rates
Understanding the ins and outs of your credit card interest rate is imperative before you sign the dotted line. What is the starting rate, is it fixed or variable, what will trigger a change and how much can the rate jump at once? Keeping the lowest possible interest rate on your card will allow you to affordably use your card when needed.

Comparing Credit Cards
Comparing credit cards is important. Before you choose a secured card, interest free card or any other type of card you need to compare fees, the grace period (if one exists), credit limit, and payment options. This will help you best identify the cheapest options with the most flexibility.

Payment Due Date
Credit card companies are generally pretty flexible as long as they receive the minimum payment amount on time or early each month. We can't always pay off our entire balance or make responsible choices but paying a traditional credit card payment each month should occur without fail - make sure you understand any important due dates with the card you select.

Minimize Outstanding Credit
While it's good to have and use credit cards on a regular basis it's important not to over use credit. If your credit it good enough to qualify for several credit cards it's not always smart to open several and maintain low to zero balances. Having a large some of available credit can be worrisome to creditors that aren't sure if you'll pull the trigger and get yourself into financial trouble. Maintaining a balance of 30% or less, on any credit card, is said to have the most positive impact on your credit score - next to making credit card payments on time and avoiding overdrafts.

The point is, avoid jumping into credit cards when better options exist. Make smart choices by understanding the type of card you're considering, the respective interest rate, fees, payment due dates and more can set you up for a more positive experience with your credit card company in years to come.

How do you pay off all that credit-card debt

But she warns that consumers should be cautious about opening up a number of new credit cards just for the low- or no-interest rate. Each time a lender looks at the potential cardholder's credit in order to open a new account, the person's credit score ...

Published:  Mon, 15 Jan 2018 11:45:00 GMT

What to do about your debt after the interest rate hike

Focus first on what is considered bad debt like credit card debt, lines of credit or any kind of debt with higher interest rates and no future investment. Pay off the debt with the higher interest rate first, but also consider what debt you have that is ...

Published:  Fri, 19 Jan 2018 05:44:00 GMT

Why you should pay down credit card debt before it's too late

Credit card interest rates are expected to increase this year. That's why you should make paying off any outstanding balances you have a top priority. Right now, there are several cards where you can transfer your current balance to a card with zero ...

Published:  Tue, 16 Jan 2018 12:20:00 GMT

4 Credit Cards for Low Spenders

Sign-Up Bonus: None Annual Fee: $0 Annual Percentage Rate (APR): Variable ... Low spenders should avoid credit cards with annual fees and high interest rates. Remember, paying off your credit card balance in full every month is the best way to reduce ...

Published:  Tue, 16 Jan 2018 03:40:00 GMT

4 Reasons to Cancel Your Credit Card -- and 1 Reason to Keep It

If you spend less than that, then there's no reason to switch to Card X ... and a higher score means access to better terms and interest rates. While closing your credit card isn't likely to tank your score on its own, it could reduce the average age ...

Published:  Wed, 17 Jan 2018 15:18:00 GMT

New Credit Card Offers 10 Percent Cash Back at Hotels

Rewards credit cards, including cash-back cards, tend to have higher interest rates than other types of credit cards. The Ebates credit card is no exception. Its annual percentage rate (APR) for purchases is 20.99 percent or 25.99 percent, depending on ...

Published:  Thu, 18 Jan 2018 17:00:00 GMT

How to get free flights and earn cashback by signing up to a credit card

The interest rates on credit cards are high, with typical interest of around ... So make sure you cancel before the end of the 12 months if you feel the card is no longer beneficial to you. With the Gold card you'll get 20,000 points, which converts ...

Published:  Fri, 19 Jan 2018 04:33:00 GMT

COLUMN: Should Congress cut up Uncle Sam's credit card

They have clashed with other lawmakers who believe the debt ceiling should be raised and the country should go into more debt with no questions ... low interest rates. But Congress' approval is important. When you ask your credit card company, it ...

Published:  Wed, 17 Jan 2018 20:10:00 GMT

Compare MasterCard credit cards

Spendlytics - Santander's new app, lets you analyse & track your credit card spend. Once the 0% deal ends the balance transfer rate will be 18.9% p.a. variable with a 3% fee. Representative Example: The standard interest rate on purchases is 18.9% p.a ...

Published:  Wed, 17 Jan 2018 21:47:00 GMT

Credit Card Eligibility Calculator

... transfer's when you use one card to pay off other credit or store cards, so you owe the new one but at a far lower rate - often 0% - making you debt-free quicker, as repayments cover debt, not interest. 'Bad Credit'-For poorer credit scorers or to (re ...

Published:  Tue, 16 Jan 2018 17:50:00 GMT

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