In many cases, the lower its promotional rate and the longer its promotional period is, the harder it will be to qualify since issuers will look for good credit. Balance transfer rates vary though, so be sure that you’re qualified to get ones that are as low as 0%. So if you aim to save money on high interest rates on an already existing account, then getting one of these is a great option. Many cards come with the capability to transfer balances from existing cards and loans, but the term is normally applied to a type of card that offers a low intro APR-possibly 0%-for balance transfers throughout a specified period of time. They are often easier to be approved for. Most people choose this type of card if they’re not looking to earn rewards and if they want something that’s easy to understand without any added frills. These are sometimes called “plain-vanilla” because they offer no rewards, and are plain and simple to understand. You'll need to gauge which one will suit your own needs and lifestyle, so that you can work out which one to apply for. There are many different types of credit card, each suited to particular needs. Understand the different types of credit cards Some cards now give access to the cardholder's credit score, in some cases printing it on the monthly bill. If you want to work towards paying off debts and increase your score, it will help to check every now and then to verify that your score is still good. This is a particularly useful feature if you frequently travel outside the country, and can also help you save if you make frequent purchases from online retailers from foreign countries. Consolidate your debts or just take a break from paying interest on your balance.
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