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Acting Smart With Your Credit Card
By: Michael Colucci
Whether you own a credit card that offers reward points, a credit card with a
low ongoing APR or one with a 0% APR intro rate, it helps – and pays – to act
smart with your credit card usage. If and when you own a credit card, it’s not
just simply a matter of swiping and paying off bills. There are ways to maximize
the promotional offers and rewards of your credit card and we’re here to teach
you how to be a smart credit card owner.
The Zero Percent (0%) APR Intro Rate Credit Card – So, you’ve been approached by
a credit card representative offering you this type of credit card, have you? He
made it all sound so simple and wonderful, didn’t he? Or maybe, you accidentally
came across a credit card website and you found yourself mesmerized with the
words zero percent.
Whatever the case, here’s the truth about 0% APR intro rate credit cards – it’s
not what everybody needs. That’s right. Even if it does promises to give you 0%
APR on your credit card purchases, keep in mind that this is an intro rate we’re
talking about.
And this means that if the introductory period is over – and the coverage is
usually between three to fifteen months, tops – then say bye-bye to your beloved
0% APR and say hello once more to the normal APR for credit cards.
A 0% APR intro rate credit card is best for people who want to transfer their
balance from old credit cards and people who are planning to make expensive
purchases and are able to pay them off before the introductory offer expires.
When shopping for 0% APR intro rate credit cards, remember to ask about the
duration of the introductory period, what the APR’s going to be after the intro
period and if there are any additional fees to be paid.
The Low Ongoing APR Credit Card – If you just want a credit card with a low or
lower interest rate but you’re not in the mood to buy a Tiffany jewelry set or a
yacht then yes, you’re better off with a low ongoing APR credit card.
Credit Card Offering Rewards / Reward Points – This is the most popular type of
credit card. Although they have higher interest rates compared to other credit
card types, if you don’t mind paying more on finance charges in the hopes of
winning something else later on then this type of credit card is the ideal one
for you!
About the Author:
Michael Colucci is a technical writer for http://www.low-interest-creditcards.org - A site that offers credit cards with an intro rate of 0% for 12-15 months. (You are granted the right to reprint this article but the title and content must remain unchanged and the authors name and contact information must be included.)
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