The Zero Percent Credit Card Interest

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Credit Cards - Best Features
Variety is the spice of life and this is true even for credit cards. They come in various types and with an entire range of incentives and benefits to lure customers. A responsible person will find a card that would suit his requirements and then go on to using the card in a responsible manner.

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Lower Your Credit Card Interest Rates
When planning to eliminate your credit card debt, you need to find the lowest possible interest rate. Whether you have your current rates lowered or you transfer your balances to a different credit card, you will save money.

When you pay a lower interest rate more of your monthly payment goes towards the principal balance. This is because your finance charges are lower on your account. ... Read credit cards article



The Zero Percent Credit Card Interest
First of all, no credit card is going to offer 0% financing forever. Let's just make sure that is understood that at some point after you activate your 0% APR credit card, usually 6 months, your APR will increase to whatever your credit rating dictates. If you were approved for a 0% credit card offer, then your rating is probably pretty good and your APR should be competitive.

There may be fees associated with your credit card during and after the introductory period, and we will take a look at them here:

Annual Fee - If your card has an annual fee, then there is no way you are going to get around it. The fee will be applied to your card either the second billing cycle after you receive the card, or the first billing cycle after your intro period. Annual fees are not as common as they used to be, and range anywhere between $15.00 to over $100.00 depending on the card. The terms and conditions will clearly define any annual fee that may apply.

Minimum Finance Charge - This is fairly self explanatory. Regardless of how much balance you leave on your credit card at the end of any billing cycle, there will be a minimum finance charge. This charge differs from card to card, but is usually around $1.00. If you have an APR of 11%, and you leave a balance of fifty cents on your card, you will be charged the minimum finance charge, in this case $1.00.

Transaction Fees For Balance Transfers - Obviously this only applies if you have made a balance transfer, but many consumers apply for 0% credit cards for the specific purpose of transferring a balance to a new card to avoid finance charges for a limited time. There will almost always be a fee applied the moment the balance transfer goes through, as well as a minimum fee. An average transaction fee is around 3% of the total amount transferred, and a common minimum fee of $10.00.

Late Payment Fee - Another self explanatory fee, this is applied anytime you make a late payment. As it relates to 0% Credit Card intro offers, if you make a late payment to your creditor, then you owe the late payment fee and your APR immediately increases to either its normal rate, or its default rate which will be much higher. The fee itself is usually determined by the amount of your current balance. An example would be "$15.00 if the balance is up to but not including $250.00; $39.00 if the balance is $250.00 and over." This of course can differ between issuers.

Over-the-Credit-Limit Fee - This fee has become very rare in today's market, but it's still there. If you somehow manage to charge more than the limit of your card, which is difficult to do now that all purchases are checked electronically, then you will be assed a fee for doing so. This fee ranges around the $35.00 area, but can be much more.

International Transactions - Anytime currency is exchanged through the use of a credit card a conversion fee is levied. This means if you are on vacation in Italy and make a purchase using your American credit card, there will be an additional fee added to the transaction. This fee is usually around 3% of the dollar amount of the purchase. Don't let the word International fool you though. You can get hit with this fee through internet purchases as well if the seller takes payment in anything other than US dollars.

None of these fees are so exorbitant that they look malicious, but they should be avoided if at all possible. Every fee you incur lessens the value of your 0% credit card and could possibly increase your APR to something you would not want.

Jon Norwood is a founder and managing partner of 0% Credit Cards, a site dedicated to providing fast and accurate information regarding credit cards that consumers need to make an informed decision on which credit company is right for them.

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Travel Reward Credit Cards

If you travel frequently, you can surely benefit from travel reward credit cards. However if you only travel once in a while, you may find that the benefit of these credit cards is offset by high APR annual fees and hidden charges.

Some travel reward credit cards are specific to airline travel, or even to one specific airline. They might also provide rewards if you purchase gas, stay at hotels, rent cars, or if you buy from retail shops. You should asses what type of use you might make of travel reward credit cards, before you choose from credit cards offers. You should also find cards that offer the highest savings on the types of use you will often make of them.

Even if you are not the traveler, the discount that these credit cards offer may still be useful. For instance, if you are a recruiter who is flying job applicants in for interviews, you might find the airline or car rental perks advantageous.

Travel reward credit cards can offer cash advances that can be very handy when you travel. However you should remember to inquire about the charge for cash advances. They can also provide travel insurance that includes medical evacuation, emergency expatriation, lost luggage, and other worldwide emergencies. These can be difficult to resolve without adequate pre-travel preparation and purchase of coverage.

These cards may also offer points or discounts if you purchase from retail stores, although most cards do not unless you are carrying over a balance at the end of the month. Remember to check and see if the travel reward credit cards you are considering have a maximum limit on the monetary value on which they will offer rewards.

It is also helpful if you are familiar with the schedule and the value of the travel rewards that these credit cards may offer. You need to know if the credit card company will send the money or do you have to wait until the end of the year to get your cash from these credit cards. The majority of travel reward credit cards will offer Canada and U.S. round tip flights at the reward redemption value of a single round trip ticket for every 25,000 miles you purchase on your credit cards.

Morgan Hamilton offers expert advice and great tips regarding all aspects concerning Credit Cards. Get the information you are seeking now by visiting Travel Reward Credit Cards




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The Zero Percent Credit Card Interest
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