Financial Advisor

Many people suffer from credit card debts because of not having discipline and not knowing how to deal with interest rates. A study has been conducted to know how these people could actually lower their credit card interest rates. You might be surprised to find out that this study has shown that 57% of those who have called their credit card company (for the very first time) were able to get a lower interest rate instantly! This rate could be about 7-10 points lower than the present interest rate that they are paying for.

There are many factors that your credit card company considers for them to be able to assign a much lower rate for you. The yes only becomes possible when you meet the following criteria:

1. A good credit history-this means no late payments on your credit card, no negative notations on your credit bureau reports, and an impeccable credit score.

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written by Alex Bhaswara \\ tags: choosing credit card, Credit Card, low interest, Tips

Small business credit cards have grown in popularity over the years. With the fluctuating interest rates, it is always wise to know which ones you can trust and stick with. There are many benefits due to the increasing number of small business credit card competitors. These new opportunities are great, to begin with, but they are still debts, that is why every consumer should contemplate over applications with great care.

About 2/3 of small businesses use credit cards on their expenditures (and out of this number, only 40% use their business credit cards solely). Remember that small business credit cards could really come in handy for your type of business and it is always wiser to choose these above your personal cards.

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written by Alex Bhaswara \\ tags: choosing credit card, Credit Card, Small Business, Tips

What constitutes the best credit card deal? Well, this question is rather difficult, if not blatantly impossible, to answer. Your drive to have a credit card will most likely differ from the force that compels another individual to apply for the same card. You may be canvassing for a card that offers low interest rates while the other may be after a card that will help him rebuild his credit history. Although there are various types of credit cards in the market, the basic principle is still intact—to obtain a loan. Whatever card you choose, it all boils down to one’s desire to purchase an item and be allowed to pay such amount on a later date.

Credit card means getting a loan. Yes, folks, this is not a way to get free money. Mismanagement of funds, or worse bankruptcy, is often rooted in the fact that people don’t know the basics on how a credit card operates. All they know is that they’ll swipe the card and pay the bill before the due date. Unfortunately, they have no idea with regard the annual fees, annual percentage rate (APR), the effects of late payment and factors like universal default and its consequences. These are a few of the points that need be deliberated before committing to any type of credit card.

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written by Alex Bhaswara \\ tags: choosing credit card, Credit Card, Tips