Credit card offers
Credit card offers are all the rage these days, especially with so many people being upwardly mobile, in the Internet world we live in.
However with so many credit cards vying for your business, you have to be careful which offer you would like to select.
One of the ways of selecting the best credit cards is to choose the ones with the best promotional offers.
To choose the best credit card with the best features, you have to be careful that the promotions associated with the credit card is suitable for you, for example no point choosing a credit card with excellent airmiles points, if you have no intention of travelling by plane.
Some of the best credit cards also offer grocery or voucher points, which you can use to get money off your weekly shopping or off gas, which can come in handy.
Credit cards also offer balance transfers from an existing credit card, however this is where banks and building societies who are offering the credit cards tend to make a lot of money, as balance transfers is one of those credit card purchases that accumulates the highest interest, and payments to your credit card balances, tends to go to the payments accruing the lowest interests first, and those accumulating the highest interests (like balance transfers) least, meaning unless you make more than the minimum payment, the high interest debt just keeps accumlating.
Don’t be surprised during the sign up process for a credit card, or when applying for one in person, that the banks would try to encourage you to go with balance transfers.
Ofcourse depending on your credit rating your APR (Annual Percentage Rate) rate might be low, and your balance might be high, if on the other hand your credit rating is poor, don’t be surprised if your credit balance is low, and the APR is high.
Visit credit cards debt help, for credit cards debts and general debt consolidation advice from our debt experts.
Filed under: credit cards for bad credit