http://www.articletrader.com/ Articles at ArticleTrader en-us http://www.articletrader.com/finance/credit/credit-card-processing-information-and-tips.html http://www.articletrader.com/finance/credit/credit-card-processing-information-and-tips.html Fri, 04 Sep 2009 00:14:27 -0500
Imagine when business becomes versatile in accepting modes of payments such as from credit card and credit card merchant account anytime anywhere. The sales will skyrocket because it attracts people who do not have ready cash. In fact, by having Credit Card Processing Service, customers are given the opportunity to avail the services and products especially when necessity arises. All they need to have is one of the credit card processing machines such as the credit card processing terminal. However, this is not the only reason why a business should have Credit Card Merchant Processing service. There are three more.

First, businesses can accept and verify all forms of payment from all major credit cards, debit cards for merchant card services accounts and even electronic and traditional checks. This is particularly convenient for people who are interested in internet credit card processing and offshore credit card processing. Online stores only need to have a credit card processing gateway.

Second, when businesses avail the services of one of the best credit card processing companies, they can accept international credit card processing and even wireless credit card processing of payments. Credit Card Processing Service made it easy for people who are in remote areas to purchase products and services as long as they have internet access.

Third, businesses are afforded security protection against fraud. The best credit card merchant processing companies use modern encryption technology such as VeriSign SSL Certificate and Address Verification Service on credit card processing equipment. Wireless Credit Card Processing cut-off operation expenses simply because it does not need second phone line, nor does it need to rent phone lines at tradeshows like booths and kiosks. Thus, even at a parking lot, outside any establishment, payments are possible. Needless to say that it is small and portable.

Availing the Credit Card Processing Service and Credit Card Merchant Processing service can be done online. In fact, it is more convenient because there are chances of knowing the credit card processing rates. Besides offering credit card processing solutions, credit card processing business is made easy as they also teach the staff how to accept credit cards as mode of payment. Some credit Card Processors even offer free credit card processing assessment.

The best credit card processing company offers three methods of internet credit card processing. First is the Advanced Integration Method, which offers techniques to link more complex websites with credit card processing gateway. Second is the Virtual Terminal, which makes possible the manual process of mail and phone credit card processing and even credit card issuance. Credit Card Processing Service named the third method of internet credit card processing of payment as Simple Integration Method. It allows business's website to be linked to the system in accepting credit cards from customers with whole automation.




--
Do you wish to learn more about the advantages of credit card processing services? Our site can provide you some important ideas about credit card systems. We have few exceptional articles that can explain credit card processing. Come and visit at credit card processing account Know your advantages in adapting credit card processing service. Find this information at http://www.pivotalpayments.com .

Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/credit/tips-on-using-your-credit-card-responsibly.html http://www.articletrader.com/finance/credit/tips-on-using-your-credit-card-responsibly.html Wed, 26 Aug 2009 06:03:33 -0500
Follow our top tips to using your credit card responsibly.

1. Learn to Budget

If you find yourself overspending on your card when finances are less-than rosy, draw up a monthly budget of income and outgoings, including repayments of any loans. That way you can see where to cut back.

2. Stick to the limit

Try not to go over your credit card limit or there will be extra charges to pay. In theory, you shouldn't be able to exceed your ‘limit', but in practice, card companies often allow this and then apply penalty fees and interest on the excess borrowing. Therefore, check the balance regularly, and if you think you might go over, speak to your provider about increasing your limit.

Note: increasing the credit card limit may help you avoid penalty fees, but your level of debt will increase, which could cause greater headaches in the long run.

3. Buy big items on plastic

Paying for more expensive items with a credit card can actually protect your purchases. How? Well, for example, if the company you bought an item from goes bust, your credit card company will refund the amount under section 75 of the Consumer Credit Act. This is because goods or services costing between £100 and £30,000 are covered by the act.

4. Pay off your balance

Try and pay off your credit card in full on a monthly basis. Most companies don't charge interest if you pay off the balance within a month so you could be using their credit for free. If you can't pay the full amount, pay as much as you can afford to minimise the amount of interest you'll pay over the long term. Always pay off at least the minimum each month to avoid any penalty fees.

5. Don't withdraw cash

Try not to use your credit card to withdraw cash. A card company's highest-interest rates are reserved for any money you take out from ATMs using a credit card.

6. Transfer your balance

Transfer any outstanding debt from a higher-interest credit card onto one with 0% interest on balance transfers. There is usually a minimum charge or around a 3% fee on the amount you're transferring, but the zero interest rate could save you money through reduced payments over the long term. But remember, the more times you do this, the more credit checks will be attributed to you, which could affect your perceived creditworthiness. You can read more about credit scoring here.

7. Set up a Direct Debit

If you're thinking about buying a house, having a good credit score could help you get a mortgage. A credit rating is built up by demonstrating fiscal responsibility through meeting payment commitments regularly and reliably. One way to do this is by consistently paying your credit card bill on time. Set up a direct debit to pay at least the minimum off the credit card bill each month. That way you won't be late with your payment and you'll avoid those nasty £12 fees.

8. Steer clear of store cards

Store cards might offer discounts on your first purchase, but the interest rates are typically much higher than normal credit cards. Many store cards have interest rates around 30%, compared to around 16% on normal credit cards.

9. Don't take out too many cards

Having too many credit cards can be a headache to manage. You have to keep on top of multiple repayments in order to avoid late fees, plus more available credit increases the temptation to spend, and therefore the possibility of debt problems. Also, lots of cards means lots of ‘footprints' all over any credit history (follow the link to learn more about credit reports). Why not return any unwanted plastic to the issuer or cut them up to reduce any temptation to spend, spend, spend!

10. Refused a credit card? Consider this alternative

If you have been refused a credit card but fancy the convenience of plastic, consider a prepaid card instead. Prepaid cards look and work just like credit cards, but it's your money you spend rather than the lender's, and therefore no credit check is required.

Simply charge the card with your own funds up to the desired amount, and then use it as you would a credit or debit card. Prepaid cards are perhaps one of the most responsible forms of plastic as it's impossible to overspend with them, i.e. you can only spend as much as you put on the card in the first place, and not a penny more.

--
You can compare credit cards at http://www.confused.com

Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/credit/the-bourgeoning-popularity-of-pre-paid-credit-cards.html http://www.articletrader.com/finance/credit/the-bourgeoning-popularity-of-pre-paid-credit-cards.html Wed, 26 Aug 2009 05:34:38 -0500 credit cards might be deemed irresponsible?

The O2 fee-free cards are set to change the market and have been launched in association with Natwest and Visa. The cards are only available to existing O2 customers, but each is aimed at two distinct demographics, with the Cash Manager card for adults and the Load and Go for children of 13 and over. Both are being marketed as a means to controlled spending, with the former intended to stop adults over-spending and the latter available to give youngsters the flexibility of credit cards with parents still being able to control their spend.

Of course, the launch of the two cards is in keeping with the growth of mobile banking, while more of us are connecting to our account via 3G or broadband instead of needing to visit a branch. Quoted in The Metro, Ronan Dunne said: "We believe that we are at the start of a journey towards the coming together of phone and wallet and we intend, through O2 Money, to be at the forefront of this trend."

Following O2's footsteps is Phones 4U who are also releasing two pre-paid cards but aimed at slightly different demographics. The Escape MasterCard Prepaid Card is said to be for ethnic minorities who will benefit from the assistance of easily being able to move money to their families abroad. The have also released a card for youngsters, the Neon MasterCard Prepaid Card, which allows children the use of a credit card without building up a debt.

Unlike O2's new card, the Phones 4U pre-paids do carry purchase costs, though the £19.99 price tag includes top-up credit. This swathe of new pre-paid cards seems to be seeing the credit card and already popular phone companies realigning the reputation of the credit card as an item that doesn't have to lead to debt because it simply can't be used unwisely. Yet, for those who are sure to benefit from a pre-paid credit card, such as those who have been specifically targeted, it is already clear that more money can be saved by shopping around for the best deal.


--
You can compare credit cards at http://www.confused.com

Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/credit/fixed-rate-savings-bonds-what-next.html http://www.articletrader.com/finance/credit/fixed-rate-savings-bonds-what-next.html Thu, 20 Aug 2009 08:29:21 -0500
Don't sit back

Crucially, if you fail to tell your provider where you want to move your money once the fixed term has ended, some will automatically move it into a maturity account which could be paying a paltry rate of interest - so you can't afford to do nothing.

Earn over 5%

Despite savings rates being slashed in recent months, the good news is there are signs of improving returns. Barnsley Building Society and a new player called Aldermore Bank have both just launched fixed-rate accounts paying 5.4%. However, both require your money to be locked away for five years, perhaps too long given that interest rates could rise sharply during this term.

Fix for the shorter term

If you're looking to fix for the shorter term, Barnsley also has a very competitive three-year bond paying 5% on £100, while Aldermore is offering a table-topping rate of 4.43% on its two-year bond, but on a minimum of £10,000.

Aldermore, like several other providers, is reserving its best rates for those with a hefty deposit to invest, putting such deals out of reach for those with smaller sums to squirrel away.
Elsewhere, the AA has a two-year bond paying 4.35% on £500, while Derbyshire Building Society has a one-year fix paying 3.75% on just £100.

Check out easy access

Don't limit your search for a savings account to fixed-rate bonds alone, as there are now some competitive easy access accounts on offer too, with the added advantage of being able to dip into your money or add to it at any time.

Alliance & Leicester and Birmingham Midshires are both paying 3.15% on balances of £1, and include bonuses for not making withdrawals for a year.

Beware of riskier products

Some savers may be tempted to boost their returns by venturing into more complex and riskier investments. But while the rates paid on structured products and guaranteed equity bonds are higher, there may be catches - so make sure you approach such deals with care.

Act fast

Given that the shelf lives of the "best buys" are likely to be days rather than weeks (as savers scramble to find a decent home for their cash), it could be a good idea to act fast to secure a competitive deal for your nest egg.

*Rates all correct as of 29/07/09


--
Find out more about fixed rate saving bonds at http://www.confused.com/savings

Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/credit/what-is-the-importance-of-your-fico-score.html http://www.articletrader.com/finance/credit/what-is-the-importance-of-your-fico-score.html Tue, 18 Aug 2009 20:10:26 -0500
Established in the 1960's, Fair Isaac Company or FICO, is a credit-reporting agency that assigns a score between 300-850. The better your credit, the higher the number. Having a high credit score does have its advantages, including lower interest rates on loans. On the flip side if you have a low score you may end up paying higher interest rates or having your request for a loan turned down.

There are several factors that determine your FICO score, the top 5 are:

· Payment history on previous and current debt makes up 35% of the score.
· The amount owed to current creditors accounts for 30% of the score.
· The length of your credit history counts 15%.
· New credit will also affect the score and accounts for 10%.
· The type of credit you have accounts for 10% of the score.

As you can see the most important is payment history. By making your payments on time while avoiding hefty outstanding balances you can influence your score automatically. The good thing is, if you have had issues in the past and your credit is less than perfect you can fix it. Fixing your credit and improving your score does take some time but in the long run it is worth it, especially if you plan to make a large purchase such as a home purchase where you will require a large loan.

Improve your score by fixing any errors on your credit report and share information with FICO to help keep your credit histories updated. If you are planning to buy a home, pull your credit report before applying for the loan so you can make sure there are no discrepancies that need to be addressed. Having a high score can save you thousands of dollars in interest payments and could mean the difference between approval or rejection.


--
Boise Real Estate is a fast growing ever changing market. BoiseRealEstateInfo.net provides resources, statistics, and information for individuals and families looking at moving to Boise Idaho.

Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/credit/what-to-do-if-rejected-for-a-balance-transfer-credit-card.html http://www.articletrader.com/finance/credit/what-to-do-if-rejected-for-a-balance-transfer-credit-card.html Wed, 29 Jul 2009 10:01:37 -0500 Perfect credit history required

In the current uncertain climate, many card providers have introduced increasingly stringent criteria when assessing applicants, and are now reserving their top deals for those with excellent credit scores - a situation not helped by the fact so many of the best balance transfer deals are drying up.

Take action

If you have been rejected for a balance transfer, you may be at a loss as to what to do next, as you could now face hefty monthly interest repayments. But it's not all bad news, as there are plenty of simple steps you can take to improve your chances of getting a competitive deal on a new card.

Limit credit applications

First off, do not keep on applying for more cards, as multiple applications to several lenders within a short period will show up on your credit profile - and may lead to some lenders refusing you credit.

Check your credit record

Before making any further applications, check your credit record. Read through your report and check that it is both accurate and up-to-date, as errors may prevent you from getting credit. Ask for mistakes to be corrected and for "explanatory notes" to be added to explain previous problems.

Clean up your credit record

If your credit record isn't looking too healthy, here are some top tips on how to improve your rating:

• Register on the electoral roll
• Set up a direct debit to ensure you don't miss credit card payments
• Cut up any cards you no longer use
• Have at least one active credit agreement in place that you are reliably paying off
• If you've paid a County Court Judgement off in full, make sure this is shown

Prove your creditworthiness

If you are keen to prove to the banks that you are good enough to get their best rates, then taking out a card with a high interest rate and making small transactions whilst ensuring the balance is paid off in full, could improve your credit rating - and make it easier to get better products in the future.

Best buys

While the number of balance transfer cards has dwindled, and many of the longer deals have disappeared, there are still some good deals around. Virgin Money, for example, is currently offering 0% for 16 months on balance transfers with a 2.98% fee. This is the longest deal on the market and has a typical rate of 16.6%.

Don't despair

Remember that just because you are rejected by one provider, that doesn't automatically mean you'll be rejected by the next - different card companies have different lending criteria, though make sure you wait a month or so before trying for a different card.

Also note that if you're really struggling to get a new 0% deal, a good alternative might be a "life of balance" card which charges a low rate of interest until the debt is cleared.


--
Read more about 'What to do if Rejected for a Balance Transfer Credit Card at http://www.confused.com/credit-cards

Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/credit/tips-on-managing-your-credit-cards.html http://www.articletrader.com/finance/credit/tips-on-managing-your-credit-cards.html Wed, 29 Jul 2009 09:56:21 -0500 Don't damage your credit rating

If you have recently missed debt repayments, defaulted on a past debt, or made late payments, this will all show up on your credit report - and make a huge dent in your credit rating. Even the smallest debts on your report could typically lead to your applications for any further credit card, loan or mortgage being rejected. Or, if you are offered a product, a damaged rating may mean you are only offered it at a much higher rate of interest.

3 Ways to Manage Your Plastic

While there is no magic wand to remove the black marks for missed or late payments, you should do everything you can do to avoid these blemishes appearing on your record happening in the first place. The key to keeping your credit record spotless is by careful management of you cards.

1. Set up a direct debit

The best way to ensure you make your payments on time is by setting up a monthly direct debit for a fixed sum, or for the minimum repayment. Having a direct debit in place will ensure you never miss the deadlines - and never get stung with late charges. And, if you do find yourself with cash to spare, you can always pay back a little extra over the phone or online to clear the card more quickly.

2. Make more than the minimum repayments

While it's absolutely crucial to make the minimum repayment on your credit card each month, you should try, if at all possible, to make more than the minimum payment - as this will enable you to build up a positive credit record payment history. Plus, if you only pay the minimum each month, it could end up taking you decades to pay off even the smallest of debts - and the interest could be huge.

3. Pay it all off

While your finances may be extremely tight in the current recession, the best way of managing your credit card borrowing is by paying it off in full each month. This may take a bit of discipline - and may mean reigning in your spending elsewhere - but if you are able to do this, you will really reap the benefits, as you can avoid paying interest at all.

What if you can't make a payment?

If, however, you find yourself in dire financial straits and, for whatever reason, are unable to make a payment on time - or at all - you need to contact your lender as soon as possible, and ask them for advice on choosing the least damaging option.


--
Read more about 'Tips on Managing Your Credit Cards' at http://www.confused.com/credit-cards

Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/credit/a-guide-to-the-different-types-of-credit-cards.html http://www.articletrader.com/finance/credit/a-guide-to-the-different-types-of-credit-cards.html Thu, 23 Jul 2009 09:42:56 -0500
Standard credit cards

These are your regular credit cards - flexible friends to get you out of a tight situation. With variable APRs, they're accepted at millions of locations worldwide. Make sure you compare rates at Confused.com and shop around to get the great deal.

Gold and platinum cards

Known as ‘status cards', they typically have higher credit limits and are good to pull out if you're trying to impress.

While they used to boast lower APR, these days it's more about the extras - travel insurance, cover for lost luggage or delayed flights, hotel discounts, personal liability cover and medical insurance are just some examples.

You generally need to be a high earner or have a decent credit history to qualify for certain ‘status cards', although it's possibly to be offered a Gold Card if you're earning just £15,000. Some providers charge for the privilege of owning a Gold or Platinum card. For more information, have a read of Standard, gold, or platinum - What's the point?

Balance transfer credit cards

A balance transfer credit card allows you to switch your debt from a high-interest card to a low or zero interest card in order to benefit from reduced monthly repayments.

You'll benefit from a low or zero % APR for anywhere between six months and five years. Although you'll save money through reduced payments, issuers usually make you pay a balance transfer charge of between 1% and 3%, so make sure your savings outweigh any fees.

If you make any new purchases on your credit card, these are likely to accumulate at a standard interest rate until you've paid off your low-interest balance transfer in full. This can take some time, so it's often worth using a separate credit card that's specifically designed for making new purchases.

Loyalty credit cards

A friendship that goes both ways - these are similar to store cards except you can use them elsewhere too. Use your card at the store, and you'll be rewarded with discounts or vouchers. Asda, M&S, John Lewis and Tesco all offer their own credit cards. However, the value of these rewards is often derisory due to their high interest rates.

Loyalty cards from British Airways, BMI or Lufthansa are much better value. They also offer you airmiles every time you use your card.

There are more and more football loyalty cards coming on the market too. These give you discounts at the club shop and pay money to your team every time you use your card.

Cashback Credit Cards

Cashback credit cards do exactly what they say - give you money back. While the amount varies, you can often qualify for 5% cash back on purchases for the first three months. This reverts to between 0.5% and 1.5% on subsequent purchases.

However, just like the friend who lends you money but expects it back with interest, if you're not in the habit of paying your credit card bill in full every month, the benefits of cash back can be quickly outweighed by the interest rates you're paying. If you're a timely payer, however, these can be excellent value.

Have a look at how Cashback credit cards reward their users.

Low-interest credit cards

These can be tempting, but once the honeymoon period is over, there's a price to pay. Low-interest credit cards offer a seductive introductory rate of 0% on purchases for anywhere between three months and one year. After that, expect to pay around 15 or 16%.

Take advantage of low-interest cards to secure cheap credit on expensive purchases such as a luxury hotel. But beware - canny operators are known to take advantage of 0% deals for ‘stoozing' - cheaply borrowing money on your credit card and investing it in a high interest account, yielding a quick profit.

Charity donation cards

American Express made a lot of noise about their RED Credit Card, which donates money to the fight against AIDS in Africa. However there are many other charity cards out there doing the same, whether it's Help the Aged or Cancer Research.

But perhaps you're best to follow in the footsteps of your friend with a social conscience and go directly to the organisation in need. The amount these credit cards actually pay to charities is often small.


--
Read more about 'A Guide to the Different Types of Credit Cards' at http://www.confused.com/credit-cards

Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/credit/cashback-cards-earn-while-you-spend.html http://www.articletrader.com/finance/credit/cashback-cards-earn-while-you-spend.html Thu, 23 Jul 2009 09:38:01 -0500 How much can I earn back?

The best deal on the market is currently being offered by American Express' Platinum Cashback Card, which pays out 5% of your total expenditure during the first three months on spending of up to £2,000.

After this period the rate drops to 0.5% on spending up to £3,500 per year, rising to 1% on annual spending between £3,501 and £10,000, and 1.5% on spending above this level.

Other deals include Bank of Ireland's Moneyback MasterCard and Barclaycard OnePulse with Cashback. Both offer cashback rates of 0.5% on spending of up to £15,000 a year and £6,000 a month respectively.

The pros:

Financial reward: Cashback cards are a great way to earn money back on purchases you would be making anyway. If you switch all of your regular monthly spending, such as food, petrol and transport costs to one of these credit cards, you'll get a financial reward at the end of the year.

Earn interest: You can increase the benefits of using one of these cards for your regular spending by placing your salary in a high-paying current account or by transferring it to a savings account. This will ensure you're earning interest on it until it's needed to settle your credit card bill. Find the Best Current Account for You with Confused.com.

Discounts: Cashback cards often give you a special introductory rate so it's worth signing up to one if you're planning to make a big purchase, such as a holiday or new television. A typical introductory cashback rate of 5% is equivalent to getting a 5% discount on the product you're buying.

Maximum returns: Some cards offer higher cashback rates for certain types of spending, so you can maximise your returns by scouring the market for the card that best fits your spending patterns. The Barclaycard OnePulse with Cashback offers 5% back on any money spent on London Transport, while the Halifax Cashback Credit Card pays 1% cashback on fuel and groceries.

Tip: Using a credit card regularly and keeping up with repayments can actually help to boost your credit rating, which may help you get a better mortgage or loan rate in the future. Find out How Credit Cards Can Affect Your Mortgage Application with Confused.com.

The cons:

High interest rates: Interest rates charged on cashback cards are often high - American Express charges 18.9%. Any cashback benefits you have built up will be quickly eroded if you're not paying off your credit card bill in full each month.

Spend, spend, spend: While the idea of getting something for nothing is great, your spending levels do need to be quite high to rack up serious returns. On a card with a 0.5% cashback rate, spending £1,000 a month would deliver annual cashback of only £60. Ask yourself if this reward justifies the effort of ensuring you repay your bill in full each month, and the risk of the interest you will incur if you forget.

Risk of overspending: Credit card spending can be harder to keep track of than if the money is coming out of your current account, so it's important to make sure you do not overspend and run up a bill you can't repay. It's also important not to fall into the trap of purchasing things you wouldn't normally buy just to get cashback on them.

Minimum amount: Some cards will only pay cashback if you've earned more than a minimum amount, such as the American Express card, which will not make cashback payments of less than £12.


--
Read more on 'Cashback cards - Earn while you spend' at http://www.confused.com/credit-cards

Source: http://www.articletrader.com ]]> http://www.articletrader.com/finance/credit/suits-you-sir-find-a-credit-card-that-fits.html http://www.articletrader.com/finance/credit/suits-you-sir-find-a-credit-card-that-fits.html Thu, 23 Jul 2009 09:04:35 -0500 Balance Transfer Credit Cards

Balance Transfer cards can be a good choice for those already paying off debt on an expensive, high-interest credit card. By switching to a 0% balance transfer card, you will save money on repayments as there will be no interest to pay on the debt for the period of the deal - 16 months in the case of our current pick of the best from Virgin Money.

Some cards, like the MBNA Platinum Card, even allow you to transfer money from the card into your current account, so you could pay off an overdraft with your plastic, for example.

At the end of any agreed 0% period you move onto the provider's ‘revert to' rate which will typically be around 18%.

Most providers charge you a balance transfer fee of around 3%, e.g. £30 to transfer a debt of £1000, so always factor this cost into your potential savings.

Best Buy: Virgin Money - 16 months at 0% interest on balance transfers.

New Purchase Credit Cards

Credit cards for purchases appeal to people who don't have a balance to transfer but want to use their card in shops, restaurants or on the internet for example.
They come with 0% interest on purchases for up to a year, meaning you can spend on your card without accruing interest. This is particularly beneficial if you need to make a large purchase and want a period of interest-free credit.
Again, at the end of the agreed period you move onto the providers ‘revert to' rate which will typically be around 18%.

Best Buy: Halifax and Bank of Scotland's All In One credit card - both with 0% interest on purchases (and balance transfers) for nine months.

Best for Balance Transfers and New Purchases

Many people often have balances to transfer and want to make purchases on their credit card. If this is the case you should be aware of a sneaky rule used by most providers that can cost you money if you incur different interest rates for balance transfers and purchases.

‘Negative payment hierarchy' means that any payments you make to your credit card go towards paying off your cheapest debts first. Only when the cheapest or interest-free portions of your balance are completely repaid do your repayments start to go towards the most expensive part of your debt.

Because of this you should try not to use a 0% balance transfer card for purchases, and vice versa. Better still, look for one that has the same duration of interest-free credit on balance transfers and purchases.

Best Buy: Halifax All In One - 0% interest on balance transfers and purchases for nine months

Low Standard Rate Credit Cards

Long-term, low-rate cards are ideal for borrowers who do not want to get caught out by the negative payment hierarchy trap, want to use one credit card for all their needs, and do not want to regularly switch cards. They are relatively straightforward as you are simply charged one low rate of interest - no deals, no initial periods, no ‘revert to' rates.

They are particularly useful for those who want to transfer a large balance and pay it off over a longer term.

Best Buy: MBNA Platinum Card - 15.9% APR, 0% balance transfer (13 months) and 0% on card purchases (3 months).

Cashback and Rewards Credit Cards

These credit cards offer you cashback or reward points each time you spend. Cashback is credited back onto your card and points can be spent on a wide range of products and services.

Cashback/Rewards credit cards are favoured by borrowers who spend on their card regularly and then repay their balance in full each and every month. If you only tend to repay a smaller amount of the debt each month you could be better suited to a credit card with a low standard interest rate.

Best Buy: Collect air miles and rewards points with the MBNA Platinum Rewards card


--
Find out more about 'Suits you Sir! Find a credit card that fits' at http://www.confused.com/credit-cards

Source: http://www.articletrader.com ]]>