People with good or excellent credit have a broader range of credit card offers to choose from. And the deals they can qualify for usually come with better terms and more favorable features than card offers that bad, fair or no credit owners are eligible for.
Though good credit gives you more opportunities to get the best credit card for you that will perfectly fit your demands, you often face the product-mix problem. The variety of plastics is so wide that it is extremely easy to get lost in the jungle of credit card offers. Balance transfer cards, rewards credit cards, low interest plastics, business credit cards, cards with instant approval -  Which one is your Mr./Mrs. Right?
Low interest credit cards … (more) May 2, 2009

Posted in Choosing Credit Cards, Credit Card Advice, Credit Card General, Credit Card Tips, Low Interest Comments Off

I’ve been using this credit card from Citibank – Citi Diamond Preferred card for about two years. I am 100% satisfied. It doesn’t grant any incentives, but it has low APR and a 12 months introductory period on purchases and balance transfers. And it was so disappointing to hear that Citigroup is going to raise interest rates for consumers who haven’t had an increase over the last two years.
I hoped the news was hearsay, since Citigroup made a commitment to Congress and to tens of millions of credit card owners in early 2007 not to raise interest rates until an account expires. I looked through financial news rolls on the Web and it turned out that Citi actually reneged on … (more) November 17, 2008

Posted in Choosing Credit Cards, Low Interest 1 Comment »

Interest rate is one of the first-to-take-into-consideration credit card features when it comes to choosing a credit card. The two basic types of interest rate you can have on your plastic are fixed rate and variable rate.
A variable rate means that your interest can vary due to the Federal Reserve’s moves, changes on the credit card market or whenever your lender finds it appropriate. Here is how variable rate is calculated. The Fed sets the prime rate, which becomes a basic component of your interest that cannot be changed by a creditor. Then a credit card issuer adds a certain percentage to it, having checked or credit score and credit history. As a result you get, say, the prime rate … (more) August 13, 2008

Posted in Credit Card General, Low Interest Comments Off

You know that people with good and excellent credit are eligible for the best credit card deals with low interests and great rewards. While customers with a credit that needs some improvement or those with no credit sometimes have to bend over backwards to qualify for a credit card with a decent interest rate and a moderate annual fee.
This is fair to some extent. No doubt that people with good credit history didn’t get it like manna from heaven. They have worked hard to build a strong credit. And the banks’ policy is also quite clear. They prefer to deal with loyal, prosperous and creditworthy customers with good credit. Such clients roll in lenders’ good graces.
As for bad or no … (more) May 21, 2008

Posted in Low Interest 3 Comments »

In one of my previous articles titled Transforming Extra Calories into Extra Money on Your Credit Card I apparently paid no due attention to a traditional and perhaps the most effective method of clearing your credit card debt – using a balance transfer credit card. Customers who manage their credit with balance transfer services are called rate tarts and their main object is to find a low interest credit card to move the outstanding balance on.
Irrespective of the credit score, a customer is  eligible for a balance transfer plastic, but mind a certain unfailing regularity - the lower your rating, the more expensive the deal will be for you.However, a balance transfer credit card is always a good tool for you … (more) April 22, 2008

Posted in Balance Transfer, Low Interest, Money Saving Tips 1 Comment »

Do you know what an interest rate or an APR is? Of course, you do. But can you enumerate all types of APR? And tell what is the best rate for you? The lowest one, you say? Absolutely agree. But let’s get more precise about interest rates types. If you ask why I need it, I know that there are low interest credit cards with favorable rates, and those for bad credit with sky-high interest, and I am after low APR plastics, I will tell you the reason. There is much more to the interest rate than just low and high APR.
The Types of Interest Rate
I’ll remind you once again that the APR (annual percentage rate) is just the same … (more) April 15, 2008

Posted in Choosing Credit Cards, Low Interest 2 Comments »