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Tips for choosing Best Credit Cards

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infowebz

Joined: 29 Jan 2010
infowebz's page
Posts: 5

161 Magic Points

Subject: Tips for choosing Best Credit Cards

Tue Feb 02, 2010 6:58 am

Most of the time credit card companies provides special offers, and said to be low interest rates. They try to make you think that you can get a big amount now to spend and pay it later, without losing too much. However, if you’re planned to have a credit card, make sure you read offers carefully. Credit card companies can trap people into high-interest debts.
You have to be careful about the following things
* Does they have additional fees on balance transfers?
* Does the low rate on balance transfers only for a short time?
* Does the balance transfer interest rate become very high once the time expires?
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Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Subject: Best Credit Cards

Wed Feb 03, 2010 12:27 pm

Hello,

Most of the banks operate with similar interest rates. So there's very little option to decide which credit card is best. However the banks which allow cards which are free for lifetime is good. Some other options which can allow you to choose a credit card is the one that allows cash back, allows balance transfers without any additional fee.
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Justin

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Wed Feb 03, 2010 8:35 pm

God advice. I would only add to be very careful. A lot of the credit card world is changing and you need to be sure to read all the terms and conditions.

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Subject: reply

Thu Feb 04, 2010 6:54 am

Yes it is true. Along with all the options for choosing a credit card, one needs to be careful and needs to have good knowledge on credit cards:)...
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Justin

dorothykinder

Joined: 05 Feb 2010
dorothykinder's page
Posts: 14

188 Magic Points

Fri Feb 05, 2010 12:33 pm

I have never accepted these offers from the credit cards firms, as i know that when you take a credit of some amount and if you could not pay them back then its you who are at loss. EOD they will not leave you and you have to pay off the debt with high interest rate. Smile

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