The Bank Tester » Credit Cards http://www.banktester.com Finance and Economy Site Mon, 23 Jan 2012 02:22:43 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 When 0% APR Can Help http://www.banktester.com/when-0-apr-can-help http://www.banktester.com/when-0-apr-can-help#comments Tue, 24 Nov 2009 16:18:05 +0000 admin http://www.banktester.com/?p=44 Visa IPOBy definition, 0% APR means that no interest charges are applied to your purchases during a certain time period.  These are the best credit cards to own. About a year of 0% interest can be offered, this time frame though can vary.  0% APR credit cards can be very beneficial if you are sure you can pay off your balance with that time. A good idea to apply for a 0% interest card is when you will be making lots of one-time purchases, like moving expenses. You will hire movers, pay rent or a deposit at your new address, and certainly be making deposits on utilities. If you did this with a regular card, you will pay interest, where as a 0% card will allow you a whole year to pay it off, with no interest. And you have the option to cancel the card once the balance is paid off. Holidays are also good times a 0% interest credit card. With life, emergencies happen. There is nothing worse than to have to pay interest on medical bills and car repairs.  It is also wise to transfer your existing balance from other cards to the 0% card, just check first regarding balance transfer fees.  Make sure that in transferring your balance that you’re actually saving money.

]]> http://www.banktester.com/when-0-apr-can-help/feed 0 Credit card usage http://www.banktester.com/credit-card-usage http://www.banktester.com/credit-card-usage#comments Thu, 13 Aug 2009 21:13:44 +0000 admin http://www.banktester.com/?p=29 People think that owning a credit card is either a symbol of status or a means of living now days. This is not the right attitude unless you have managed to lay your hands on the best credit card deals that are available in the market. Getting hold of the best credit card deals however doesn’t mean that you just log onto the internet and look up “best credit card deals” and the first company that comes up, you take the offer. It means a lot more research and a lot more patience. Every company will name themselves the best credit card deals but you need to be wary.

Use your credit card sparingly. Don’t try to use it all the time thinking that you will be able to make the payment soon. Think of the interest that you will be paying if you are not able to make the payment on time. Use the credit card only to make absolutely important transactions. Always be sure that you know what you are being charged for in the statement for the credit card. If you have a slight doubt, don’t let it be, just call and enquire about the amount. It’s better to be clear than to pay for it later.

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