Your credit rating is taken into consideration in just about any part of your personal life. When you're getting insurance or buying a house, credit rating is important. If you want to save money by getting lower rates on your home or car loan, then you need to maintain good credit. You can be qualified for a low interest rate credit card if you maintain good credit rating.
Depending on the financial institution, majority of new credit card offers today will give you 0% APR introductory period which can extend from 6-15 months. If you normally carry a balance on your credit card, in the short term this 0% APR can save you money, that's true. But how did you get the lowest interest rate credit card once the introductory period is over?
If you're looking at new credit cards, you need to look past the 0% introductory offer. There is a range of interest rates the issuer considers. You can save a lot of additional money over the years if you have good credit and qualify for a low interest credit card.
Low interest rate credit card has a lot of advantage for people whose credit card normally has a balance. If you want to pay down your debt without interest, you can use your new credit card that has 0% APR introductory period and transfer the balance from your higher interest rate cards. You will have a low interest rate credit card once when the special 0% offer expires.
To get that good credit rating, it may have taken you years of budgeting and keeping within financial means. But there will be times when we fall behind with our bills. Raising the interest rate will be the financial institution's right if this happens.
Keep in mind that people, just like you and me, run financial institutions. You can give them a call and ask if they can reinstate that lower interest rate once things straighten out and you're in good standing with the issuer. These people do value your business.
Depending on the financial institution, majority of new credit card offers today will give you 0% APR introductory period which can extend from 6-15 months. If you normally carry a balance on your credit card, in the short term this 0% APR can save you money, that's true. But how did you get the lowest interest rate credit card once the introductory period is over?
If you're looking at new credit cards, you need to look past the 0% introductory offer. There is a range of interest rates the issuer considers. You can save a lot of additional money over the years if you have good credit and qualify for a low interest credit card.
Low interest rate credit card has a lot of advantage for people whose credit card normally has a balance. If you want to pay down your debt without interest, you can use your new credit card that has 0% APR introductory period and transfer the balance from your higher interest rate cards. You will have a low interest rate credit card once when the special 0% offer expires.
To get that good credit rating, it may have taken you years of budgeting and keeping within financial means. But there will be times when we fall behind with our bills. Raising the interest rate will be the financial institution's right if this happens.
Keep in mind that people, just like you and me, run financial institutions. You can give them a call and ask if they can reinstate that lower interest rate once things straighten out and you're in good standing with the issuer. These people do value your business.
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