Credit Card Incentives
Posted by maryann - 21/06/10 at 08:06 pmCredit card providers are eager to lure in new customers and as a result offer many incentives to get you to apply for the card. These bonuses can be anything like cash, rewards points, airline miles, store gift cards, and of course low or even zero interest rates on the balance for a time. A descriptive article goes over ‘rate surfing’ or continually jumping from credit card to credit card to ensure the best rate. Of course a 0% interest rate is the best out there and if you have a great credit score these offers are not out of reach. For more tips on achieving excellent credit consult the financial expertise at halfmoney.com.
If you decide to take advantage of these low credit card interest rate offers, realize that they do have time limits, ranging from months to years depending on the offer. And there will be a balance transfer fee, standard is about 3%. However, if you have a large balance and are currently paying very high interest rates this strategy of card rate hopping might be a good idea. Keep detailed schedules of when the rate expires, because the credit card provider is hoping that you forget or get lazy and suddenly they are making a nice profit from your debt.
No related posts.
