Life's philosophy says that the best of the best never comes without a cost . And the same can be applied when one is looking for the best credit deals . With an array of credit card companies offering various products, at times it becomes quite cumbersome for the general consumer to lay hands on .
And credit card being quite a sensitive issue requires a lot of preliminary investigations and the credibility of the credit card has to be properly established before signing off the deal. In general the best deals can be termed as the one which provide the maximum benefits with quite a reasonable rate of interest, a good grace period, nominal interrelated fee(s), no hidden costs and a transparent modus operandi . When considering a particular offer, one should make sure to know all the details of how the card will work and should be sure to have studied the terms and costs before signing on. If one is looking for a no-frills, low-rate card offer, there\'s no reason to pay an annual fee. The low interest rate also makes a difference when one requires to carry forward a balance . One should also take care of the introductory rate time period and should be able to calculate whether the low-rate introductory time period will be good enough to save money or not .
Is APR Fixed or Variable
About 70 percent of all credit cards have variable rates. The interest rate on a variable-rate credit card fluctuates with an index . When the index shoots up, so does the card rate. When the index slips down, simultaneously the card rate also slips down. One should know that the sliding happens much slower than the increase . Some variable-rate card accounts are re-priced each month. Others are re-priced each quarter. Most issuers use The Wall Street Journal prime rate as an index . Thus one is required to know this technicality of the APR. Unlike variable-rate cards, the interest rate on a fixed-rate card does not fluctuate each month or each quarter . If one signs for a card with a fixed 12 .99 percent rate, there\'s a good chance the individual will be paying 12 .99 percent for quite a while. But it\'s important to realize that a fixed-rate card deal could change at any time . According to federal law, issuers must give written notice of rate increases to fixed-rate cardholders a mere 15 days before the new rate takes effect .
Word of Caution
Its not that everyone would be able to calculate and go through all the permutation and combinations before opting for the best deals, and thus it is always a good practice to consult the financial advisors and then proceed . Internet is also quite an option, to do a through research. There are companies and non profit organizations that provide online help and support to the individual s to make them understand what is best according to the personal requirements. Most of the online help is free and with a little bit of understanding one can get a lot of valuable advice which in turn would prove quite valuable while opting for the best of the credit card deals .
And credit card being quite a sensitive issue requires a lot of preliminary investigations and the credibility of the credit card has to be properly established before signing off the deal. In general the best deals can be termed as the one which provide the maximum benefits with quite a reasonable rate of interest, a good grace period, nominal interrelated fee(s), no hidden costs and a transparent modus operandi . When considering a particular offer, one should make sure to know all the details of how the card will work and should be sure to have studied the terms and costs before signing on. If one is looking for a no-frills, low-rate card offer, there\'s no reason to pay an annual fee. The low interest rate also makes a difference when one requires to carry forward a balance . One should also take care of the introductory rate time period and should be able to calculate whether the low-rate introductory time period will be good enough to save money or not .
Is APR Fixed or Variable
About 70 percent of all credit cards have variable rates. The interest rate on a variable-rate credit card fluctuates with an index . When the index shoots up, so does the card rate. When the index slips down, simultaneously the card rate also slips down. One should know that the sliding happens much slower than the increase . Some variable-rate card accounts are re-priced each month. Others are re-priced each quarter. Most issuers use The Wall Street Journal prime rate as an index . Thus one is required to know this technicality of the APR. Unlike variable-rate cards, the interest rate on a fixed-rate card does not fluctuate each month or each quarter . If one signs for a card with a fixed 12 .99 percent rate, there\'s a good chance the individual will be paying 12 .99 percent for quite a while. But it\'s important to realize that a fixed-rate card deal could change at any time . According to federal law, issuers must give written notice of rate increases to fixed-rate cardholders a mere 15 days before the new rate takes effect .
Word of Caution
Its not that everyone would be able to calculate and go through all the permutation and combinations before opting for the best deals, and thus it is always a good practice to consult the financial advisors and then proceed . Internet is also quite an option, to do a through research. There are companies and non profit organizations that provide online help and support to the individual s to make them understand what is best according to the personal requirements. Most of the online help is free and with a little bit of understanding one can get a lot of valuable advice which in turn would prove quite valuable while opting for the best of the credit card deals .
