People believe finding best among all the credit card offers to prevail in the market is the most difficult thing about choosing credit cards. I am not n exception. Though there are several companies offering great benefits, all cater to different needs. So, if you look from one perspective, it’s not difficult but impossible to find best credit card offers.
Hence, before you start with your exploration journey, I would suggest you identify a particular need or a perspective. This would give you are direction and a common platform to start with. Once you have derived this, it isn’t difficult to get the best offer in your hand. Continue reading “How to Get Best Credit Card Offers?”
Low-interest Credit Cards are not always good especially if you don’t know why you are acquiring it. Besides, applying for every low-interest card that comes into your mailbox is probably the worst thing you can do to your credit score. Before we move on to why is it so, let’s understand what actually a low-interest card is.
Low-Interest Credit Card
It is a credit card with a lower interest rate or APR (Annual Percentage Rate) than other cards in the market. These rates usually range from 6% to 15%, depending on how creditworthy you are. Currently, there are three types of rates applicable to a credit card. Continue reading “Low Interest Credit Cards are Not Always Good”
We all use dozens of credit cards, most of them have different credit limits, but we aren’t aware of how these credit limits on credit cards are set, are we? Let’s discuss how this thing works.
It’s been more than 5 years I have left my previous employment, which was a credit card company. However, I can still recall how they set credit limits for different people. There are two main factors that influence the credit limits on credit cards for an individual. These two factors are annual income and credit score. Approval of a credit card also depends mainly on these two factors. Continue reading “How They Set Credit Limits on Credit Cards? And How to Increase it?”
Respected Credit Provider,
You would agree with me if I say things aren’t as smooth as they were before the financial crisis. Sometimes, however, I wonder about how you choose to lend money to some and reject others. Previously, I was a strong supporter of borrowing money and using it to prevent temporary financial problems. While I haven’t altered my opinions about borrowed money, I have started reconsidering whether the credit provider, which means you, deserve the support and respect offered by us, people in the US. Continue reading “A Casual Letter to Credit Provider”
If you are a credit card user, there is definitely some good news for you, at least that’s what it seems with the implementation of the new credit card law. Providers, now, have to legally issue a warning in advance if they intend to hike your interest rate. Which was certainly not the case previously.
Every bill they issue must possess information on how many months it would take to repay the total amount if they make the minimum payment every month. Wow! What a relief for credit card users! It seems to be a beginning or end of the credit card loot era. Continue reading “How Will The New Credit Card Law Affect You?”