Balance transfers could be the answer to your prayers, some of the introductory deals on balance transfers are really good, some are offering 0% interest rates for a free period of time anything from 6 months to a full year, some of the credit card companies also offer a low interest rate for the lifetime of the account, which will properly be the best option if the amount you transfer is a large amount and you will not have it paid of within the 0% interest free period.
Most credit card companies are jumping on the band-wagon and introducing the 0% deals, as most people want to save some money where possible and the fact that they don't have high interests rates has to be a good thing. One word of warning is check that once the 0% interest free period is finished that the APR is lower than your previous card, there are some good credit cards out their including the Capital One No Hassle MasterCard this card offers you a typical APR of 6.9%.
If you where thinking of taking out a loan from a bank it may be cheaper to look at cash withdrawals through your credit card, handling fees are a lot lower than they have been some credit card companies are offering handling fees between 1.5% and 2% some banks can charge up to 20% on loans under ?2000 so keep this in mind before you head off to the bank.
One way to make money while you spend it is Cash back credit cards how good does that sound, you can receive money back usually between 0.5%-2% on all the money you spend, the only thing to watch is the APR is usually higher around 3-4%. This card is ideal if you can pay off your credit card before you incur the interest charges, so depending on how much you spend on your card will depend on how much cash back you receive.
Those are just a few ways in which you can save some money on your credit cards, just make sure you check the 0% cards out properly as you don't want to be costing yourself money, just watch what you're doing and you'll come out of these deals with some extra cash.
One of the most common perks is zero APR for six to twelve months. This perk is becoming so common that many consumers are considering this as standard benefit. However, do check out the on-going interest rate after the promotional period. It is usually quite a large jump, so you have to be mentally prepared and try your best not to carry a balance.
Another one is the waiver of annual fee for the first year. This is a common practice too. Thus, some companies are now offering annual fee waiver for three to five years. In fact, a handful of them are waiving the annual fee on a permanent basis as long as the credit card users are able to meet specific purchase and payment targets.
The reward program is another important component of the credit card deal. The type and range of rewards available can be a decisive factor in keeping existing customer as well as attracting new one. Thus many companies will spend a lot of effort to provide the best rewards for their customers.
A good reward program will offer a lot of flexibility to the credit card users. This includes a low exchange rate, which means the card owners can exchange for rewards with less reward points, which translate to lower expenditure. The rewards should also cover a wide range of products such as movie tickets, home appliances, dining vouchers, spa discount voucher, furniture, or even travel miles.
No card owners want to stick with a card that offer one type of rewards. As an example, if you own a departmental card that allow you to redeem discount voucher for ABC Departmental Store only, this will be too restrictive. It ill be difficult to attract new customers or keep existing customers since there are so many more options available else where.
Besides rewards, some credit card companies also offer other benefits without extra cost. This include personal insurance, travel insurance, rebate at the pump and zero interest installments for big ticket purchase.
Your personal lifestyle is the most important factor in deciding which credit card perks are the best. The right credit card perks can add significant value to you current lifestyle while the wrong one will give you unnecessary headaches.
Both Peter Kenny & Stephen Chua are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Peter Kenny has sinced written about articles on various topics from Credit Cards, Finances and Best Money Market. Peter Kenny is a writer for creditcards-gb For additional articles and an extensive resource for everything about credit cards, please visit us at