Credit Cards Reward Reviews

credit card transfer

credit cardtransfer

ou have decidedthat you need a new credit card and you already know that you want a low APRcredit card. You have made a good choice, but you probably also know that thereare quite a variety of cards available with that option. Here are some tipsthat will help you make the choice is best for you.

Choose As Low OfAn APR As You Can Get 

If you have atendency to allow a balance to remain on the credit card, then you will need toacquire as low of an APR as you can get in a card. This feature alone can saveyou a lot of money over the life of the card – but will not save you nearly asmuch if you simply paid it off each month. Low APR credit cards will usuallyhave an introductory offer of either 0% APR for up to 15 months, or, a very lowAPR for the life of the card.

Look For BalanceTransfes Time Limits

In addition tothe low APR, try to find a card that will give you 0% interest on balancetransfers as well. As you look the various cards over, though, note that thetime length on this option may not be the same as for the 0% APR. Some of thesecredit cards may only give you the benefit of a 3 month balance transfer periodat 0% interest, but may give you up to 15 months 0% APR on your purchases, orvice versa. So, if you want to take advantage of both options, read the fineprint carefully.

Another thingabout balance transfers is that some companies definitely will limit the timeas to when you can actually make the transfers. Some will only permit you tomake a transfer to your new low APR credit card at the time you apply for thecard with all details of what you are planning to transfer on the applicationitself. Other credit card companies will allow for balance transfers to madeover the introductory time period, not making such a restriction.

Consider Your OwnNeeds

Part of gettingthe best deal on a low interest credit card depends on how you normally willuse it. If you regularly pay off the monthly balance, then the interest rate isnot that much of a concern. You will want to focus rather on the other benefitsthat are available. Here are some of the options that are more commonlyoffered.

•Travel Benefits

If you are afrequent traveler, then there are two ways you might be able to benefit. If younormally travel by air, then you will want to be able to get air miles benefitson your low APR credit card. These often come with bonus miles, some as high as25,000, just for signing up and making your first purchase. Some card offerswill give you the choice of using those miles to go toward your hotel room,meals, or other options. Other benefits include free gas rebates, a rebatetoward the purchase of another car, and rewards if you travel by car.

•Cash Back Or Rewards

Some of the lowAPR credit cards currently available will provide a system where you can get arefund of a percentage of your purchases. These rewards allow you to get asmuch as a 5% reward for various types of purchases. The highest percentage cashback is typically for your purchases at the food, gas, and pharmacy stores.Most cards will offer a 1% up to 3% reward on all other purchases.

Another thing youneed to look for is whether or not there are any annual fees. These vary fromcard to card but could go as high as $150 or more. If you do carry a balance onyour credit card, this kind of fee could render the other potential benefitsalmost meaningless.

balance transfer-cards

balance transfercards

f you feel likeyou are sinking deeper into the dreaded credit card hole with no way of diggingyourself out, 0 interest APR credit cards could be the answer you are lookingfor. These introductory offer cards provide an interest free period to enticepeople to transfer their balances after which their normal interest rates kickin. The longer the interest free period, the better off you will be. Not onlywill transferring your balances to one of these cards immediately put moneyback into your pocket every month, it will also give you time to reduce yourcredit card balance and to reorganize your finances without the stress ofhaving to meet high monthly credit card payments.

The requirementsfor transferring your credit card balances to 0 interest APR credit cards areno different from those of any credit card. If you qualify to borrow, you willqualify for an introductory offer card. Unfortunately, many people who arestruggling under the weight of heavy credit card debt and high monthlypayments, reject themselves instead of at least allowing a credit card providerto do so. This doesn?t make much sense.

Obviously, itwouldn?t be smart to apply for more than one credit card at the same time sincethis would lead to multiple inquiries on your credit report and give the wrongimpression. However, if you choose a good credit card offer and apply for it,you have a chance of being approved. If you are unsure of the criteria forapproval you can inquire anonymously directly from the credit card provider.

The quickest andeasiest way to find 0 interest APR credit cards is on the internet. If you doan online search you will find there are hundreds of introductory offers tochoose from. This can actually be a problem. However, if you use a credit cardcomparison website, the choice will be substantially narrowed down. These siteshave already waded through countless offers and reduced them to a selection ofthe best.

These sites makeit easy to compare the different features of 0 interest APR credit cards sothat you can choose the best credit card for your needs. Look for a card with along interest free period, low ongoing fees and charges, a low standardinterest rate which will be charged once your introductory term has ended, alow or zero balance transfer fee and low late payment penalties. If at allpossible, try to get a special offer with 12 months interest free. If youcannot, make sure the term is at least 6 months.

0 interest APRcredit cards are regularly available so if at the end of your introductory termyou feel you cannot afford to return to normal payments, you can look foranother introductory offer. In fact, you can choose to transfer your balance asmany times as you like as long as such offers are available. However, since youcan?t guarantee you will be able to transfer your balance when it suits you, itwould be wise to use your interest free period to reduce your credit cardbalance as much as possible. If you do this as well as choosing a card with amuch lower standard interest rate, your monthly payment will still besignificantly less than what you are paying now.