Zero Annual Percentage Rate Credit Cards

There is no doubt that the human race has many weeknesses. Where I am sure many would say sex was the greatest, I believe that money, or the lack there of, constitutes the single biggest human weakness.

You might wonder why money is the human race greatest weakness? Actually it is the ‘lack of money’ that is the real culprit. When people do not have money they turn to many things. One of those is credit. Credit cards are certainly one of the greatest weaknesses for human beings.

Now, I can’t really speak on behalf of everyone else, but Americans are seriously guilty when it comes to charging their credit cards to the max. I have worked in customer service for 8 years, run my own debt counseling agency for twice that long and I have seen people day-in and day-out, abusing evil credit cards.

I call them evil for obvious reasons. They tend to shaft you with the interest rates at some point or another. Of course if you can find 0 annual percentage rate credit cards, then that’s ideal. You want no interest rate on balance transfers and purchases. Ha, if you can actually find such a credit card, then I commend you. Remember, the first time you break the credit card companies rules, such as being late on a payment, the interest rates go through the roof.

If you’re not yet savvy when it comes to credit cards and how they work, let me fill you in. The perfect plastic would be 0 annual percentage rate credit cards. Now, these are not so easy to come by. Typically what credit card companies do is pitch a 0 APR on balance transfers. This generally only lasts for a year. Then it’s hard to say how high the annual percentage rate will go. This is the credit card company’s way of capturing you into a high interest rate.

Maybe you have student loan debt of ten grand, for example, which has a horrible percentage rate. If you were to find one of these 0 interest rate cards you could transfer the balance onto your 0 interest rate credit card and suddenly have a 0 percentage rate. That’s great you say! There are no two ways about it. It would even be better if you could pay the debt off before the year of 0 APR runs out. The real question is, will you make all your payments on time?

 

 

Anyway, with most 0 annual percentage rate credit cards it doesn’t concern purchases. I have yet to see a credit card that offers 0 APR for a year on purchases, balance transfers sometimes, purchases almost never, especially as the economy stands today.

Remember that the credit card companies want to make money off the interest. This is why they don’t offer it with purchases. They know, however, that they will keep their credit card if you transfer a balance and the opportunity to miss a month payment or be late is good for them. When you miss a payment all bets are off. Your interest rate will go up…up…and oh yeah…UP! And most people almost never pay off their balance transfers at the end of one year. So after one year you will be forking out the extremely high interest each and every month. This is simply the way of the credit card industry.

Maybe you’re searching for 0 annual percentage rate credit cards in order to do a balance transfer. Hey, you should absolutely delve into cyberspace and do a Google search. I’m sure you will find several 0 annual percentage rate credit cards currently available. Just remember that these 0 annual percentage rate credit cards most likely reguarding balance transfers and not new purchases. It’s doubtful that the 0 APR concerns purchases. So basically don’t charge them unless you must, and always pay on time and never miss a payment.


Cash Advance and Finance Companies

There are many businesses, such as finance companies and the like that will sometimes, based on your credit and other factors, such as, collateral, allow you to obtain different cash amounts of money in the amount of around $1000 as long as you pay the cash amount borrowed back within the contractual time frame of the finance companies repayment structure.  Without a doubt, or should I say ‘with debt’, you will definitely end up repaying a whole lot more than money than you originally borrowed because of the usually very high interest rates that these finance or cash advance, as they are sometimes called add onto these cash advances loans.

Some of these finance companies or cash advance companies, however, do not allow loans as high as $1000. Instead, these finance companies or cash advance companies will tend to loan lower amounts of cash such as $200, $300 and even up to $500. Certainly, if you are in need to borrow a higher amount, you will need to do your research. Whatever you do, don’t get your hopes up about borrowing from one particular finance company or cash advance company that might disappoint by not providing the cash advance loan amount that you need to borrow.

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Cash advances from finance companies or cash advance companies are seen more as a last resort or ‘stop gap’ to many consumers facing some short term, low cost emergency and should only be used when you have absolutely no other financial options. With that said, some argue that finance companies or cash advance companies they are helpful if only a small amount of money is needed that a normal loan company or bank cannot or will not provide. Most regular loan companies or banks cannot provide any amount lower than $1000 and will turn you away especially if you need the money fast.  A finance company or cash advance company, rather than seeing your needs of anything lower than $1000 as too small of an amount just might see that smaller amount you need and you as the perfect customer for them and be willing to help you. Remember though that cash advance companies or finance companies will usually tack on a higher interest rate.

A $1000 loan may be hard to get at a loan company or bank, but if you do find one that will provide you with a loan for that amount, then you are better off using the loan company or bank instead of the cash advance or finance company because they will not require you to pay as high of an interest rate as a cash advance or finance company would. In the long run, working through the loan company or bank will pay off as your payments decrease.


CREDIT CARDS, What you need to know when applying for a Credit Card

One of the disadvantages of modern times is that people tend to acquire so many things they don’t really need. Numerous gadgets and services occurred targeting a vast market of consumers and this emergence of various inventions somehow blinded people.

Since finances—especially money—is one of the major concerns of many people, a wide array of financial management services and financial options emerged. One of the most visible among the unending line of financial management services there are is the credit card.

Although many people testify for the financial convenience you get when you apply for a credit card, it doesn’t mean that every financing convenience applies for you or for everybody in that matter.

When people apply for a credit card, there is always a reason. It can be for managing their finances, needing extra money or in preparation to a big expenditure. But, no matter what the reason is, people apply for a credit card because of the ultimate convenience it brings. By now, you may have had your share of ‘pre-approved’ credit card offers in your virtual and physical mail. Since people are quite vulnerable when they apply for a credit card, some credit card issuers lure these people by giving low introductory APR, no annual fee offers among numerous perks. The tendency of this so many alternatives and “value” deals is to sway the person who wants to apply for a credit card.

There are undeniably endless lists of pros and cons when you apply for a credit card, but if you really have decided to apply for a credit card, these are some of the helpful tips that can guide you on your credit card shopping journey.


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Actually, there are three easy steps you should follow if you have decided to apply for a credit card. First, surf the net and do some research on credit cards. By doing this, you can familiarize yourself with different credit card terms and types. Second, you can compare numerous credit cards that would best serve your needs and lastly, you may now apply for the credit card of your choice by filling out a credit card application by visiting a bank representative or through online.

In order to find the right credit card fast and easy, first, before you apply for a credit card, make sure you mastered the credit card terms. When you apply for a credit card you must know what a “credit card” really is. Being a form of borrowing that involves charges, credit cards usually have underlying credit terms and conditions affect your overall cost. So, it’s best to compare terms and fees before you apply for a credit card and agree to open an account. Some of the important terms to be understood well include the annual percentage rate or the APR.

When you apply for a credit card, you must know how the APR affects your credit account. Being a measure of the cost of credit expressed as a yearly rate, the APR should be disclosed before you apply for a credit card so that you would not be obligated on the account and on your account statements later on. Aside from APR, the periodic rate must be disclosed to the card holder before they completely apply for a credit card so they would have an idea of their outstanding balance and finance charge for each billing period. Other important terms to know before you apply for a credit card are free period or “grace period,” annual fees, transaction fees and other charges, other costs and feature, and balance computation method for the finance charge like average daily balance, adjusted balance, previous balance, and two-cycle balances. If you’re not that type of person who is patient enough to research on all these terms, make sure that before you apply for a credit card, the issuer will give an explanation how the balance is computed and it must appear on your monthly billing statements.