My Credit Cards Blog

  With so many credit card providers now offering potential customers the option of a card, knowing how to compare credit cards is somewhat of an art-form. The following are a few useful comparisons to look for when   comparing credit cards : Do you get an introductory rate? Lots of providers now offer their new customers a special introductory interest rate when you apply for their card. These special rates can vary from 3 to 6 months and can be as low as 0% during this period (although it unlikely you’ll be offered this rate on cash withdrawals. When comparing credit card companies, make sure you take careful note of whether you’ll get this benefit. Balance transfers Transferring your existing credit card balance from one card provider to another is extremely popular these days. If you are thinking of doing this, then make sure in any comparison you make that you check to see whether or not your new card provider will give you some sort of interest rate holiday on ...

  A credit card is a small plastic card issued to the consumer by a financial institution such as a bank or credit union. The card issuer creates a revolving account with a line of credit to the consumer. The cardholders can purchase goods and services or receive a cash advance, until they have reached their predetermined credit limit. The merchant who accepts credit card payments receives the money from the bank issuing the card. The cardholder eventually repays the bank through regular monthly payments. If the entire balance is not paid in full, the issuer usually charges interest on the unpaid portion. Credit cards can be an extremely valuable tool if used correctly. However, there are also risks for those who lack self-discipline for the debt they cannot repay. Although when used responsibly and with the correct intentions, the card can provide significant benefits. Here are some of the attributes of owning a credit card: Convenience The credit card is a flexible payment tool a...