In your personal, your credit rating is taken into consideration. From buying a house to getting insurance, your credit rating is important. By maintaining good credit, you can save money by getting lower rates on your home loan to a car loan. A good credit rating can even qualify you for a low interest rate credit card.
Looking at new credit card offers today, you'll notice that most of them will give you 0% APR introductory period and it can extend from 6-15 months depending on the financial institution. The 0% APR can save you money if you normally carry a balance in your credit card. The question is, when the introductory period is over, how did you get the available lowest interest rate credit card?
Looking at new credit cards means it's important for you to look past the 0% introductory offer. A range of interest rates is considered by the issuer. If you have good credit and qualify for a low interest credit card, you really can save a lot of additional money over the years.
A low interest rate credit card is advantageous for people who normally carry a balance on their credit card account. You can transfer the balance from your cards that have higher interest rates with a new credit card that has 0% APR introductory period and pay down your debt interest free. Then when the special 0% offer expires, you will still have a low interest rate credit card.
It has probably taken you a few years to accumulate that good credit rating by budgeting and keeping within you financial means. But occasionally life throws us a curve ball and we can fall behind with our bills. If this happens, the financial institution reserves the right to raise that interest rate.
Just remember that financial institutions are also run by people. Once things straighten out and you are again in good standing with the issuer, if you give them a call, they will often times reinstate that lower interest rate. They do value your business.
Looking at new credit card offers today, you'll notice that most of them will give you 0% APR introductory period and it can extend from 6-15 months depending on the financial institution. The 0% APR can save you money if you normally carry a balance in your credit card. The question is, when the introductory period is over, how did you get the available lowest interest rate credit card?
Looking at new credit cards means it's important for you to look past the 0% introductory offer. A range of interest rates is considered by the issuer. If you have good credit and qualify for a low interest credit card, you really can save a lot of additional money over the years.
A low interest rate credit card is advantageous for people who normally carry a balance on their credit card account. You can transfer the balance from your cards that have higher interest rates with a new credit card that has 0% APR introductory period and pay down your debt interest free. Then when the special 0% offer expires, you will still have a low interest rate credit card.
It has probably taken you a few years to accumulate that good credit rating by budgeting and keeping within you financial means. But occasionally life throws us a curve ball and we can fall behind with our bills. If this happens, the financial institution reserves the right to raise that interest rate.
Just remember that financial institutions are also run by people. Once things straighten out and you are again in good standing with the issuer, if you give them a call, they will often times reinstate that lower interest rate. They do value your business.
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Our website focuses on gas credit cards for fair credit and advice you can utilize to get a grip on debt. Our team digs through every offer for credit cards fair and the most useful financial ideas.
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