Thursday 3 May 2012
Balance Transfer Credit Card Offers
Balance transfer credit card offers most usually involve no interest payments on balance transfers for an initial period. This period might be a year or a different length of time. This article will tell you all about the advantages of this type of offer.
This type of offer can be used in two main ways. The first way is to save paying interest on existing borrowing. The second way this type of offer can be used is to actually make money, although this is less common, it is still an easy and legitimate option for many people.
To use this option to save paying interest on existing loans, one needs to transfer the balances of the existing loans to the new credit card. This means that no interest is charged at all for the initial period, and this means that repayments can be used to pay down the balance, rather than just keeping up with the interest repayment and making no real progress. This option can be of considerable value if used sensibly.
The method of making money with this offer is to use the available funds to invest. The safest form of investment is probably a high-interest bank account. All the interest received is pure profit, and the balance can be repaid just before the interest on the card starts becoming due. This method is sometimes used in other forms of investment, although it is vital that the risk is taken into account.
Investing in a new business using this method is sometimes done, but is extremely risky. Statistics show that more than 90% of new business ventures fail, so the risk is extreme, even though the profits can also be huge when the business is successful. Examples of this approach include the movie "Clerks", and, it is rumored, the Google company.
Other investment types which could be funded in this way include promissory notes which typically deliver 12% interest, or stocks, commodities or currencies, which carry a considerable risk since relatively small investors usually lose to the major players.
Balance transfer credit card offers can be extremely valuable if used wisely, but be careful to be aware of the real levels of risk, and also to consider other factors about the card in question.
Wednesday 2 May 2012
Best Business Credit Cards
The best business credit cards vary according to the specific needs of the business. Different businesses will get maximum benefits from different features.
Business cards offer similar features to those for individuals, but usually also add unique features which are very useful for corporations or small businesses.
The features which are typical of all types of cards include 0% interest for a certain period (often a year) either on balance transfers, purchases or sometimes both. Rewards of various types are also usually offered. These rewards might include air miles, cash back which might have different percentages for different categories of expenditure, discounts and special deals on purchases, priority treatment and other advantages.
Many companies use travel as part of their business needs. Some offers include higher cash back percentages on gas purchases for example, and others have air miles available for particular airlines. These types of rewards can be very valuable for certain companies.
Cards for companies usually include features such as multiple cards, often with different assignable limits on each card which can be very useful when allowing employees to make certain types of purchases for the business. Another feature is reports of expenditure and other data, which are often free and can be daily. Companies can also often get generous credit limits.
Some cards meant exclusively for particular business needs include those which offer a large amount of short-term credit. They sometimes have a grace period before any interest is applied, but might have an unusually high interest rate after that time. These can be very useful for companies which have short-term cash-flow fluctuations.
The best business credit cards vary in detail often, as different terms, conditions, rewards, and interest rates can be offered from time to time, so check for the latest details when you need one.
Business cards offer similar features to those for individuals, but usually also add unique features which are very useful for corporations or small businesses.
The features which are typical of all types of cards include 0% interest for a certain period (often a year) either on balance transfers, purchases or sometimes both. Rewards of various types are also usually offered. These rewards might include air miles, cash back which might have different percentages for different categories of expenditure, discounts and special deals on purchases, priority treatment and other advantages.
Many companies use travel as part of their business needs. Some offers include higher cash back percentages on gas purchases for example, and others have air miles available for particular airlines. These types of rewards can be very valuable for certain companies.
Cards for companies usually include features such as multiple cards, often with different assignable limits on each card which can be very useful when allowing employees to make certain types of purchases for the business. Another feature is reports of expenditure and other data, which are often free and can be daily. Companies can also often get generous credit limits.
Some cards meant exclusively for particular business needs include those which offer a large amount of short-term credit. They sometimes have a grace period before any interest is applied, but might have an unusually high interest rate after that time. These can be very useful for companies which have short-term cash-flow fluctuations.
The best business credit cards vary in detail often, as different terms, conditions, rewards, and interest rates can be offered from time to time, so check for the latest details when you need one.
Top Credit Cards
Top credit cards can be compared by many different measures of preference. Interest, which may be zero for an initial period is one important factor. Other factors include rewards, annual fees, late payment fees, and other details of the account.
It's easy enough to find information which says that a particular card is "top", but really there is no such thing as a particular top credit card, because each persons needs are different. So to choose which is the best offer for you personally, it is a good idea to start by looking at your own personal finance situation and needs, and so see which offers are most useful to you personally.
Some people are trying to get out of debt, some need some available cash flow for purchases of one type of another. Some people need to borrow for the long term, some people might always keep the balance positive and use the account in other ways. Have a think through what you need financially, and what would help your situation the most right now.
For anyone who wants to decrease their debt, the interest owed on existing borrowing can be a huge problem. Often the repayments which are made barely cover the interest so the debt itself is not being paid off and is remaining about the same. There are particular offers which can make a huge difference to this problem. These offers are zero percent interest on balance transfers.
These 0% balance transfer offers can be used by moving existing debt to the new account and thus saving having to pay any interest on it for the initial period. This makes it possible to pay down the debt itself while not increasing the current monthly repayment amount at all, and thus make a real difference towards reducing the debt itself.
The other offer of no interest for an initial period applies to purchases, and so can be really helpful to anyone who needs to purchase certain items. Rewards can also be useful, such as cash-back and special offers.
The top credit cards for you personally can help your finances considerably, so choose wisely!
It's easy enough to find information which says that a particular card is "top", but really there is no such thing as a particular top credit card, because each persons needs are different. So to choose which is the best offer for you personally, it is a good idea to start by looking at your own personal finance situation and needs, and so see which offers are most useful to you personally.
Some people are trying to get out of debt, some need some available cash flow for purchases of one type of another. Some people need to borrow for the long term, some people might always keep the balance positive and use the account in other ways. Have a think through what you need financially, and what would help your situation the most right now.
For anyone who wants to decrease their debt, the interest owed on existing borrowing can be a huge problem. Often the repayments which are made barely cover the interest so the debt itself is not being paid off and is remaining about the same. There are particular offers which can make a huge difference to this problem. These offers are zero percent interest on balance transfers.
These 0% balance transfer offers can be used by moving existing debt to the new account and thus saving having to pay any interest on it for the initial period. This makes it possible to pay down the debt itself while not increasing the current monthly repayment amount at all, and thus make a real difference towards reducing the debt itself.
The other offer of no interest for an initial period applies to purchases, and so can be really helpful to anyone who needs to purchase certain items. Rewards can also be useful, such as cash-back and special offers.
The top credit cards for you personally can help your finances considerably, so choose wisely!
Tuesday 1 May 2012
Credit Card Comparison
Credit cards comparison can be challenging, with large numbers of offers each with different features and details. This article will present some of the more important ways to compare competing offers and get what's best for your needs.
Firstly, it is important to realize that since different people have very different financial situations and needs, there is no single "best card". When researching card comparisons it is easy to find articles and other advice which attempt to tell you that one particular card is "best". Please realize that any such information is at best incorrect, and is usually trying to make you believe something which is likely to be against your best interests.
So before even looking at different offers, it is best to begin by looking at your own financial situation and needs for the near future. Is it best for you to save paying interest on existing borrowing, or do you need cash available soon for a particular purpose? What categories of purchases do you spend most money on which could give you benefits from certain reward offers? Do you travel by air a lot, or do you spend a lot on gas? Look at these, and other aspects of your finances so you can keep in mind what's likely to be best for you, as you compare cards.
One of the most useful offers for some people is 0% interest for an initial period (typically a year). There are two main ways this can be used if the zero interest refers to balance transfers (sometimes it refers to purchases only). Firstly, it can be used to avoid paying any interest on existing borrowing which you transfer into the new account. Secondly if you transfer the available capital to a savings bank account you can make a profit. Obviously, if you have existing borrowing, you are likely to save more by avoiding paying the interest, than the profit you will make from a savings account, so be sure to carefully think through the different options.
Rewards are another important are to consider when comparing. Cash back can be useful particularly if higher percentages are offered on a category in which you spend a lot such as gas. Air miles can be another advantage if you use air travel frequently. Other rewards include special deals on certain purchases, free gifts and even payments towards a mortgage.
Credit cards comparison can be complex, but if you start from your own financial needs, then find which benefits fit your needs best, can be made easy.
Firstly, it is important to realize that since different people have very different financial situations and needs, there is no single "best card". When researching card comparisons it is easy to find articles and other advice which attempt to tell you that one particular card is "best". Please realize that any such information is at best incorrect, and is usually trying to make you believe something which is likely to be against your best interests.
So before even looking at different offers, it is best to begin by looking at your own financial situation and needs for the near future. Is it best for you to save paying interest on existing borrowing, or do you need cash available soon for a particular purpose? What categories of purchases do you spend most money on which could give you benefits from certain reward offers? Do you travel by air a lot, or do you spend a lot on gas? Look at these, and other aspects of your finances so you can keep in mind what's likely to be best for you, as you compare cards.
One of the most useful offers for some people is 0% interest for an initial period (typically a year). There are two main ways this can be used if the zero interest refers to balance transfers (sometimes it refers to purchases only). Firstly, it can be used to avoid paying any interest on existing borrowing which you transfer into the new account. Secondly if you transfer the available capital to a savings bank account you can make a profit. Obviously, if you have existing borrowing, you are likely to save more by avoiding paying the interest, than the profit you will make from a savings account, so be sure to carefully think through the different options.
Rewards are another important are to consider when comparing. Cash back can be useful particularly if higher percentages are offered on a category in which you spend a lot such as gas. Air miles can be another advantage if you use air travel frequently. Other rewards include special deals on certain purchases, free gifts and even payments towards a mortgage.
Credit cards comparison can be complex, but if you start from your own financial needs, then find which benefits fit your needs best, can be made easy.
Instant Approval Credit Card Offer
An instant approval credit card offer can get you an account in sometimes just a few seconds online! For example, the American Express Preferred Rewards Gold Card is rumored to approve applicants in less than 60 seconds online.
Once approved you are likely to receive the card itself within a few days in the post. Occasionally further research is needed to approve your application, which can take about ten days.
Instant approval used to be only available for those with the very best credit scores, but these days the range of possible applicants is far greater, so even if your credit rating is not great, you still might qualify. Finding out is quick and easy online.
If you don't qualify right now, it is usually possible to improve your rating through careful changes in your financial activity. However a lot of the information which claims to be able to improve your rating, is misleading or dangerous. Non-profit organizations are one of the best sources of correct unbiased information if you wish to know more about improving your rating.
While obtaining the card rapidly is sometimes best, other factors should be taken into account when comparing offers. Zero percent interest for an initial period is one common benefit which can be of huge value. If applied to balance transfers it can be used to either avoid paying interest on existing borrowing or to actually make a profit by transferring funds to an interest-paying savings account.
Other details to consider when comparing cards include rewards and fees. Rewards can be of great benefit if you choose those which fit your needs the best. Such rewards as air miles, price reductions on certain items, cash-back, or even payments towards a mortgage, can all be useful to certain people. So before you compare features, think carefully about your financial activity and which types of rewards would benefit you most.
An instant approval credit card offer, also sometimes known as online approval, can be of great value, and if the features of the account are chosen carefully, can be a real help to your finances.
Once approved you are likely to receive the card itself within a few days in the post. Occasionally further research is needed to approve your application, which can take about ten days.
Instant approval used to be only available for those with the very best credit scores, but these days the range of possible applicants is far greater, so even if your credit rating is not great, you still might qualify. Finding out is quick and easy online.
If you don't qualify right now, it is usually possible to improve your rating through careful changes in your financial activity. However a lot of the information which claims to be able to improve your rating, is misleading or dangerous. Non-profit organizations are one of the best sources of correct unbiased information if you wish to know more about improving your rating.
While obtaining the card rapidly is sometimes best, other factors should be taken into account when comparing offers. Zero percent interest for an initial period is one common benefit which can be of huge value. If applied to balance transfers it can be used to either avoid paying interest on existing borrowing or to actually make a profit by transferring funds to an interest-paying savings account.
Other details to consider when comparing cards include rewards and fees. Rewards can be of great benefit if you choose those which fit your needs the best. Such rewards as air miles, price reductions on certain items, cash-back, or even payments towards a mortgage, can all be useful to certain people. So before you compare features, think carefully about your financial activity and which types of rewards would benefit you most.
An instant approval credit card offer, also sometimes known as online approval, can be of great value, and if the features of the account are chosen carefully, can be a real help to your finances.
Monday 30 April 2012
Travel Credit Cards
Travel credit cards can be a great help when away from home. Relevant rewards can be of great value, such as air miles, free or discount hotel accommodation, but care should be taken to choose a card which suits your needs best.
Some offers include special sign up bonuses including 20,000 air miles (or similar points) when you get the card. Other valuable offers include 0% initial APR which can either be for purchases or for balance transfers. If the latter, it can be of great value for either avoiding paying any interest on existing debts, or for making money by using available funds to place into a savings account or similar investment.
One thing to watch out for is that some cards limit you to one airline or one hotel chain. This is OK if that's the one you always use anyway, but otherwise can be less use than a more flexible offer.
Some accounts include annual fees. Although this might seem like a bad idea at first, those which have fees often offer much better rewards and other features. So have a look at your use of credit, and calculate how the rewards balance against the fees for each particular card to see which gives you the most advantages.
Some cards charge you a 3% foreign currency conversion fee. At the time of writing, it was said that Capital One and Discover don't charge you this much, but this can change at any time, so please check the details when you are ready to get a card.
Other features of use include various types of insurance for purchases etc., as well as other useful services offered by some. Don't forget that you can use the internet to locate local ATM machines when you are in unfamiliar areas, as well as asking locals.
At the time of writing MasterCard is offering 3 nights for the price of 2 in Asia for Accor hotels. There are often special offers like this, so check to see which cards present such promotions most often, and which are likely to be of most use to you personally.
Travel credit cards can be of great value, especially if you choose one which suits your needs best.
Some offers include special sign up bonuses including 20,000 air miles (or similar points) when you get the card. Other valuable offers include 0% initial APR which can either be for purchases or for balance transfers. If the latter, it can be of great value for either avoiding paying any interest on existing debts, or for making money by using available funds to place into a savings account or similar investment.
One thing to watch out for is that some cards limit you to one airline or one hotel chain. This is OK if that's the one you always use anyway, but otherwise can be less use than a more flexible offer.
Some accounts include annual fees. Although this might seem like a bad idea at first, those which have fees often offer much better rewards and other features. So have a look at your use of credit, and calculate how the rewards balance against the fees for each particular card to see which gives you the most advantages.
Some cards charge you a 3% foreign currency conversion fee. At the time of writing, it was said that Capital One and Discover don't charge you this much, but this can change at any time, so please check the details when you are ready to get a card.
Other features of use include various types of insurance for purchases etc., as well as other useful services offered by some. Don't forget that you can use the internet to locate local ATM machines when you are in unfamiliar areas, as well as asking locals.
At the time of writing MasterCard is offering 3 nights for the price of 2 in Asia for Accor hotels. There are often special offers like this, so check to see which cards present such promotions most often, and which are likely to be of most use to you personally.
Travel credit cards can be of great value, especially if you choose one which suits your needs best.
Best Credit Card Deals
The best credit card deals are those which offer benefits which match your personal financial needs the best. As with many such areas, there is a lot of advice which attempts to tell you that there is one "best" offer. Since such "advice" completely fails to take into account that different people have very different financial situations, it is misleading and should be ignored.
The best way to see which offers will be of most benefit to you personally is to start by having an honest look at your own finances. Take a good look at your spending. What categories do you spend most money on? Also look at your existing debts and how they are progressing.
There are a wide variety of different benefits offered by credit cards. These might include 0% interest rates for an initial period as well as various rewards. Rewards can include a wide range of different things such as air miles, discounts on hotels, travel, and purchases, cash-back, special offers and free gifts and even payments towards a mortgage.
0% interest on balance transfers for an initial period can be one of the most valuable offers for some people. The two main uses of this benefit are as follows. Firstly one can transfer existing borrowing onto the new account and so save having to pay any interest on it, and thus focus on paying down the borrowing itself rather than just paying off the interest each month.
The second use of such an offer is to use the available money to make a profit by receiving interest payments. This can be done by putting the funds into a savings bank account for example.
Cash-back can be a very valuable offer for some people, particularly larger percentages on particular categories of expenditure that you use a lot, such as gas. Other types of rewards can suit different individuals better. As this article is explaining, the way to find the best credit card deals for you personally is to ignore any general advice recommending a particular offer, and start by looking your own financial situation.
The best way to see which offers will be of most benefit to you personally is to start by having an honest look at your own finances. Take a good look at your spending. What categories do you spend most money on? Also look at your existing debts and how they are progressing.
There are a wide variety of different benefits offered by credit cards. These might include 0% interest rates for an initial period as well as various rewards. Rewards can include a wide range of different things such as air miles, discounts on hotels, travel, and purchases, cash-back, special offers and free gifts and even payments towards a mortgage.
0% interest on balance transfers for an initial period can be one of the most valuable offers for some people. The two main uses of this benefit are as follows. Firstly one can transfer existing borrowing onto the new account and so save having to pay any interest on it, and thus focus on paying down the borrowing itself rather than just paying off the interest each month.
The second use of such an offer is to use the available money to make a profit by receiving interest payments. This can be done by putting the funds into a savings bank account for example.
Cash-back can be a very valuable offer for some people, particularly larger percentages on particular categories of expenditure that you use a lot, such as gas. Other types of rewards can suit different individuals better. As this article is explaining, the way to find the best credit card deals for you personally is to ignore any general advice recommending a particular offer, and start by looking your own financial situation.
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