0% Interest Credit Cards and No Interest Balance Transfers
Zero interest credit cards are a very effective way to save money and reduce your monthly interest payments. Most people use 0 interest credit cards in order to transfer balances from higher rate cards. If you are someone who carries balances on credit cards that have high APR’s, then this type of debt consolidation makes a lot of sense.
One bad habit that you want to avoid is constantly transferring debt from one card to another. This may make sense in the short term, but it does nothing for reducing or eliminating that debt. It’s easy to get excited about what 0 interest credit cards have to offer, but it’s also as easy to find yourself charging up your new card, only to transfer the balance to another card a year later. This can become a vicious circle.
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Gas Credit Cards
What’s the difference between a gas credit card and a regular credit card? Why would you even bother getting a special credit card to purchase gasoline for your car? Well, the biggest benefit is that most gas credit cards offer special rebates. Many of the gas companies are attracting new clients by offering special rebates on their gas purchases, and offering low or zero interest and no annual fees.
These rebates range from 3% to 5% and gas credit card customers can request a rebate check back or rewards. Companies also encourage their gas credit card holders to use the card at their convenience stores located at the gas station as a way to increase business. Some of the other rewards that gas credit cards offer is airline miles, hotel and travel discounts and grocery rebates at participating stores.
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Visa Gift Cards – Some Interesting Facts
Gift cards have become very popular over the last few years and the Visa gift card is no exception. Gift cards are a great way to give the perfect gift because the recipient gets to decide what they want to buy with it. Since it’s a card with the Visa logo, it can be used anywhere Visa cards are accepted. It’s like getting a pre-loaded "credit card" for use wherever you want. So if you’re struggling to find just the right gift, the Visa gift card may be the best solution. There are even Personalized Visa Debit Gift Cards
which you can personalize for your own special occasion.
Here are some important facts about Visa Gift cards:
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Student Credit Cards
For many parents, the idea of student credit cards can be a scary thought. Most of us at that age, just weren’t responsible enough to handle a credit card. In fact, many adults aren’t responsible enough. But the fact is, student credit cards exist and the credit card companies spend a lot of money marketing their credit cards to high school and college students.
Some student credit cards require no credit history to get approved and others do look at your credit. Sometimes these student credit cards are combined with prepaid credit cards which actually require a deposit up front, much like a checking or savings card.
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Wells Fargo Credit Cards: An Updated List
There are 7 major Wells Fargo credit cards available to consumers. As with all major banks and credit card companies, you can either apply for these Wells Fargo credit cards online, or you may have received an offer in the mail.
All Wells Fargo credit cards come with built-in protection when it comes to fraud or theft when reported in a timely fashion. This is a free service included with all cards from Wells Fargo.
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Credit Card Act: What It Means For You
Back in May 2009 the Senate passed a credit card reform bill designed to change credit card industry practices in favor of cardholders. The bill will curb credit card rate increases and excessive fees. Once the new credit card reform bill becomes law, the credit card behemoths will have nine months to change their business practices. The credit card act will have numerous benefits for the consumer. Some of the major changes would include:
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Have you ever been in a store and seen a sign saying that you have to make a minimum purchase if you use your credit card? According to the finance blog, Credit Card Outlaw, this is in violation of the merchant processing agreement. Retailers are not allowed to set minimum purchase requirements. American Express is the only company that allows it, but they don’t encourage it.
Although any size retailer may follow this practice, it’s usually done by smaller businesses to offset the fees involved in processing the credit cards transactions.
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Gift Credit Cards
Gift Credit Cards are a popular choice for many consumers who are seeking the perfect gift for a friend or loved one. Sometimes it can be difficult shopping for a gift, so why not give a gift credit card and let the recipient decide what they want to purchase.
It’s important to know though that some gift credit cards come with hidden fees and you certainly don’t want the person you’re giving it to, to have to pay for anything. After all, it is a gift right?
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Credit Cards for People with Bad Credit
Some credit cards are designed for people with bad credit. These bad credit credit cards give you the opportunity to rebuild your credit. Credit cards designed for people with bad credit typically have very high interest rates, but if you have bad credit, then you may not have a choice. Of course, the benefit is that you will have a chance to rebuild your credit.
Some of these bad credit credit cards also require no credit check, but be sure to read the terms and conditions before you apply. Although you may not find all the terms favorable, if you are in a position where you have bad credit and you need to rebuild it, then you may not have another option.
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Secured Credit Cards – For People With Credit Problems
If you are someone with a low credit score, or no credit history then secured credit cards may be for you. These cards offer a way for you to rebuild your credit. Secured credit cards typically require a deposit which acts as a credit line in case a payment is missed. Secured credit cards are also typically reported to the credit reporting agencies just as if it were a traditional credit card.
If you’re after a secured credit card, then be sure that when you get one, to make your payments on time. You don’t want to land up the the same position you were that resulted in your credit being impacted.
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