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They say that in life, there are just two types of people – vanilla lovers and chocolate addicts. This may be true but do you know that when it comes to credit cards, there are only two primary kinds that you’re going to be acquainted with? The rest are just, shall we say, sub-categories or sub-flavors (is there such a thing?) like _mocha, caramel and all other flavors that are similar to the taste of chocolate. And with credit cards, these are only the types that matter: reward credit cards and non-reward credit cards.

Today, we shall simply focus on one type and that’s going to be the reward credit card. As you can probably already guess from the name itself, credit cards of this class offer rewards to their users or owners. But how does this work?

The Reward System
Here’s the wonderful thing about reward credit cards – there’s no need for any forms to fill up, requirements to meet or all sorts of financial documents to submit in order to qualify for the rewards being given away by the credit card company. The moment you’re given your own credit card by the company, that’s it! You’re instantly and immediately qualified to earn and win rewards!

Now, if you’re wondering how you’re going to earn rewards, here’s how it goes. Every time you swipe that card for any purchase at all, you’re given a certain number of points. The quantity or value depends on your credit card company. It could be that for every five dollars you spend using your credit card, you earn one reward point.

These points must then be accumulated until you reach a specific number that’s being asked of you in order to win a particular product of your choice.

The Variety of Rewards
You may not have thought of asking this because of feeling overjoyed of the fact that all you have to do is use your credit card to earn reward points but have you wondered about the types of rewards or prizes being offered? What if all of the prizes are items that no one in his right mind would ever want to win? In that case, you were duped, plain and simple.

BUT luckily for you, that’s not how it goes. Truth be told, the rewards being offered by some credit card companies are so wonderful you get this urge to use your credit card every minute of the day, even when there’s no need. Credit card companies make sure that their rewards are varied enough to suit any type of user. Travelers may avail of the free gas or holiday packages while heavy spenders could win for themselves something as expensive as a brand new car!

Nice, isn’t it? And that, ladies and gentlemen, are the benefits of owning a reward credit card.
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Credit rewards are carrots dangled by credit card companies. Before you are caught by the enticement evaluate your monthly earnings, expenditure, as well as loans. Do not invite a financial hurricane if you are not in a position to pay all your bills every month. Interest rates on reward cards can be at least 2-3% higher than other cards.

1. If you love travel then choose to treat reward points as frequent flier miles. Check out the options your credit card offers.

2.Many cards offer a cash rebate. The enticement carries hidden a higher interest rate and if you are not in a position to settle your bill immediately you will spend much more than you earn on the rebate.

3.Use a card that offers a large number of options. Then you have the luxury of selecting from a huge variety of merchandise.

4.Be clever use the reward points quickly before the card company downgrades the points gathered by you.

5.Check whether your reward points can be set off against the annual fees payable by you. If you have a no fee card then choose rewards that are of use to you like gasoline, travel assistance, retirement incentives, flier miles, or cash back. Do considerable research and choose a scheme that works for you.

6.Use the card that offers you a reward steadily but be sure you can settle the bills every month otherwise, the interest you pay will negate the rewards earned.

7.Use the rewards card to pay for groceries and utilities every month. It is a necessary expenditure which can earn valuable reward points.

8.If you have a mortgage payment to make and the bank accepts credit cards then pay with you credit card and earn the reward points. However the outstanding must be settled immediately.

9.Always be well informed check consumer reviews and with www.cardratings.com about the cards you hold.

To reap good value out of a rewards program you will need to use your credit card often. By using the card to pay for utilities, groceries, prescriptions, mortgages, and more you can earn many points perhaps even a 1000 dollars in a year. Handle your finances wisely, never spend more than you can afford.]]>

However, once this initial period of your card expires, you are subject to a “Purchase APR” interest rate. APR stands for Annual Percentage Rate. This number can be quite high, or low, usually depending on your credit score. A fairly low interest credit cards APR is around 9% or lower.

There are cards out there that you can obtain with an APR of as low as 5.5%, given a good credit score and some searching. Another thing to note when looking at APRs would be the letters “V” and “F”. These seemingly harmless looking letters that appear after interest rates can mean a lot. “V” stands for variable, which means your rates are subject to change. “F” stands for “Fixed”, which means your APR will stay at a certain rate. Obviously, it is good to get a card with a fixed rate.

It all depends on your credit score on how much credit and what apr you will normally be given. However, you can obtain a decent card if you shop around for the best deals. Some companies will negotiate with you if your credit score is poor, as long as you can show that you have had income for the past several months. They will normally come up with a deal to suit your needs and income.

Be careful however, as some companies will put you on a very high interest rate which can be hard on you if you mount up debt on the card. Once you have made payments for around a year on this card, you can then apply for much lower apr card and start building an excellent credit score up.

You can find guides, tips, news and advice at http://www.credit-guidance.info

The site dedicated to credit card guides from around the world.
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Use Prepaid Credit Cards:
By using prepaid credit cards you are eliminating any kind of blling all together. However, most prepaid cards require a monthly fee. This fee although, which is usually under $10, is normally alot lower than the price of a normal unsecured card late fee. Plus, using a prepaid card encourages living within your means and helps eliminate unexpected debt.

Pay Your Bill More Often:

With grace periods shrinking, scheduling two bill-paying sessions every month can help you stay ahead of the game. So if you can it would be wise to pay your bills two times a month. Also, request a due date that is easy to remember and that will work well with when you get paid. Also try to pick a date that takes into consideration the due dates of other bills and expenses.

Automate Your Payments:

Automating payments eliminates the need to remember due dates at all. It also allows you to not have to worry about mailing anything or getting to the post-office. When you automate your bill payments the credit card company automatically deducts the funds via EFT from your checking account. It usually only takes about 24 hours to process payments this way.

Pay by Phone:

Paying by phone helps you avoid late fees in alot of the same ways automating your payments does. One of the advantages of this method though is that you get to pick the exact day to pay every month. You can pay your bill when you know the funds are available in your checking account instead of worrying about getting the funds into the bank before the automatic dedection is made by your credit card company. This method is also extremely fast. Payments are posted to your account within 24 hours of your payment by phone.

Talk to Your Credit-Card Company:

You always want to maintain a good talking relationship with your credit card company. By continually talking with them you will understand all of your requirements when it come to the terms of your agreement. Also, if you maintain good standing with your credit card company and normally pay your bill on-time, when the time comes you will probably be able to talk to them and avoid the late fee you are supposed to be charged.

Read the Fine Print:

Remember to always read the fine print on any document that you sign. When you sign something, whether you know what the document says or not, you are signing a legally binding contract. If you do not read the fine print on that contract you might not have a full understanding of the requirements you have to do in order to fulfill the contract. By understand all the terms of your agreement you will know when and why the credit card company will impose its fees upon you.

Add Up the Cost and Resolve to Be Debt-Free:

One of the biggest mistakes made by todays consumer is living outside of their means. The majority of people today aquire all the credit that there income will allow.In the end they are so far in debt and barely able to make the minimum monthly payments. Then when that comes to be they tend to re-finance there homes to pay off credit card debt. Which I guess is ok if you feel like starting over on paying that 30 year mortgage. You always want to take your current situations into consideration when applying for new credit. You also want to take into consideration the fact that always applying for credit can adversly affect your credit score in the long run. This situation is also a good reason to consider using prepaid credit cards, that way you will be able to only spend the money that you already have.

In conclusion, remember that your credit is a very important aspect of who you are. You will have to deal with the decisions you make regarding your credit for quite some time. I hope thes couple of tips will help you reduce the amount of fees your paying to your credit card companies and help you move in a positive direction toward being debt free.]]>

The benefit of purchasing credit repair leads, is that the customer is committed to having their credit repaired by a professional such as yourself.
These customers are not playing games or surfing the net looking for information and merely contemplating the idea of credit repair, they are very serious about it, and they are waiting on a phone call.
Wether or not you are an established credit repair business or a start up, credit repair leads are a good option when considering lead sources.
So where is the best place to get credit repair leads?
The obvious answer would be to find a credit repair lead company, but that isn’t always as easy as it sounds.
Yes, it is easy to find the lead company via the internet, but finding a good one with reasonable pricing is where the challenge lies.
For starters, find a lead company that obtains their leads through web sites they own and operate themselves.
Steer clear of the companies that buy their leads from other companies and recycle them. You never know how many times that selling company has sold the lead.
Try to find a company that not only sells their own leads, but sells them at a reasonable price, exclusively, and in real time if possible.
Make an attempt to contact someone in their customer service department. Ask them as many questions you feel to be appropriate. If you are not satisfied with the answers to your questions, or the quality of the service you receive, than move onto the next company.
The quality of the service you receive is usually an indication of the quality of the lead you receive, so proceed with caution.
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A credit card is just a form of borrowing that does not come free. Credit terms, interest rates, fees and more can lay a stress on your bank balance. Credit cards are a temptation to spend now and pay later. What invariably happens is that people spend more than they can handle.

Informed consumers must always weigh carefully the pros and cons and compare different options before deciding on a credit card.

Before you decide find out

The advantages of a credit card are that it is a safe alternative to cash. Prevents loss as well as theft of cash. Using a card wisely can build a good credit history which helps when you need a loan or subsidy. It is useful in emergencies like accidents, urgent hospitalization, and unavoidable circumstances like natural calamities and so on. It grants a breather and gives you time to pay the bill. Some memberships offer travel or accident insurance to the card owners at no cost. They also offer privileges like discounts at restaurants, shopping malls, and holiday packages.

The other side is that you can get carried away and live beyond your means, ultimately falling into debt.

To be eligible you need:

•To be at least 18 years old.

•Have some income or the backing of credit worthy parents.

•Have an operational bank account.

•A telephone.

•A good credit rating. Your monthly expenses must not equal or exceed your income. Ideal expenses must account for approximately 50% of your income.

•To get a Visa or Master card your income must exceed US$ 12,000 a year. Or, you need to apply for a secured credit card where you pay upfront a certain amount of money as security deposit.

There are many kinds of credit cards to choose from. Unsecured standard and classic cards are those with a credit limit of US$ 2000 and generally charge higher interest rates and offer lower or less favorable terms than the platinum and gold cards. Unsecured platinum and gold cards are for people with high credit ratings, and the limits for these cards are between US$ 2000 to US$ 100,000.

Here are a few links that will give information and opportunities to apply for cards online:

•Visa at http://www.usa.visa.com/?country=us&ep=v_gg_new provides information, gives tips, and has listed a number of financial institutions that offer Visa cards and a wide range of services. One can apply for a card online.

•MasterCard International at http://www.mastercard.com/index.html is comprehensive with information, advice, and options of choosing and applying for a card online. They have an online form which when filled will give information of which card would be ideal and a channel which provides instant comparison of various card options.

•CreditCards.com at http://www.creditcards.com/ has articles, FAQs, a site map, and online application channels.

Tips:

•Pick a card because it has the lowest APR.

•Pick a card because all its terms and conditions have been carefully vetted by you. Read the fine print.

•Never pick a card because it is free for a year or life.

•Do not choose a card because it offers a low introductory rate.

•Do not choose a card because it has a cash back policy or great rewards programs.

Choose wisely and live debt free.]]>

What’s APR? Basically, the APR or annual percentage rate of a credit card is the combination of low interest rates and finance charges. With that said, let’s move on to the next topic.
Are There Really Zero Percent (0%) APR Intro Rates And What Does It Mean? – Let’s say you already own a credit card and you’ve used up most of your credit already. With a 0% APR intro rate credit card, you can transfer your balance without incurring additional interest.

Nice, isn’t it? Also, if you’re planning to purchase something but paying it off before the intro period is over then yes, having a 0% APR intro rate credit card is the best option for you. Remember, the keyword here is intro – which indicates that this is only something like an introductory offer so don’t expect the 0% APR to last forever.

What About Low Interest APR Credit Cards? – If you’re in search for a credit card with long-time charges then it’s better to go for a low interest APR credit card rather than one with a 0% APR credit card because the interest rate would just revert to normal for the latter.

Which One Is Better: A Low Interest APR Credit Card Or A 0% APR Credit Card? – Well, this question would require you to research a bit but since your decision will ultimately affect your finances then it’s better to go ahead and research, right?

The first question you have to ask your credit card company is about the length or duration of the intro period if you’re interested in availing yourself of a 0% APR intro rate credit card. The intro period usually lasts between three to fifteen months. Anything less is naturally a disadvantage and anything more is preferable.

Ask also about what the APR of the credit card is going to be after the intro period. If the interest rate is higher than the APR of other credit cards that do not offer 0% APR for a certain period of time AND you’re not planning to maximize the 0% APR you’re given then maybe, it’s better to simply go with a low interest credit card.]]>