Loans Lowest Rate: Make It Work for You

2008-10-21 16:46:16

( Financial )



The majority of U.S. citizens own at least one credit card because credit cards provide convenience in allowing you to make purchases with almost a month to pay for them. If used wisely, you can take advantage of this benefit because you can make a purchase while buying some time to save the money to pay for your purchase.

Because of strong competition in the credit card industry, credit card providers often offer incentives such as cash back, frequent flyer points, or gift certificates. Aside from these incentives, credit card companies also have other services such as low-interest balance transfer, loans lowest rate and low rate credit card.

The premise of balance transfer offers is simple - take your existing debt from one credit card and transfer that to another card. The bank or financial institution issuing the balance transfer credit card will pay your outstanding credit card debts and you have a new balance but with lower interest rate.

Most credit cards also offer loans lowest rate to clients of good credit standing where you can avail anywhere from 70% to 80% of your outstanding balance with a minimum interest rate. Also if you have a good credit score, you can loan a certain amount using your credit card account and depending on your financial capacity to pay and how long you will be able to pay for the loan, a calculated fixed amount of interest will be charged on top of the original loan amount.

A low rate credit card will give 0% interest on certain purchases for a period of 3 months, 6 months or 12 months. The purchase requirement depends from card to card. Some just stipulate a number of required purchases, while others require a certain purchase amount.

Applying for a credit card is very easy nowadays and with the stiff competition among credit card companies, you can be swept over with various tempting offers. You should always go through the various options and with your requirements in mind, you can opt for credit card providers that give low interest balance transfer and loans lowest rate to maximize their benefits. Just remember to put your perspective first and do not use your credit card without regard for the stipulations that govern its use.


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