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low interest credit cards FAQ
Am I better off to consolidate my credit cards to 1 low interest credit card?
Jan 17, 2007 by happydawg | Posted in Credit
I have 4 credit cards. One of them has a $100 dollar balance because I have paid it way down. Discover has a $900 dollar balance and the other 2 have $1400 dollar balances each. I plan on paying the $100 dollar balance card off today, and I make $300
Forget your FICO, You are in trouble and you need to get smart. Credit card debt is stupid debt. Do everything you can to get a lower interest rate and pay off all the cards AND THEN cut them up and call the companies and cancel them all. The pay off
Trollkepr | Jan 17, 2007
If you cannot pay off the rest of your debt within the next 3 months, then, yes, you need to move everything onto one card with a very low rate. That is not going to hurt your credit, it is just going to save you finance charges.
Beware,
bashnick | Jan 17, 2007
Is it a good idea to purchase a low interest credit card to pay of a small balance on 2 high interest cards?
Dec 07, 2007 by Funnel | Posted in Credit
Reducing your rate is a good idea but there are a few other things to consider. First keep in mind that your credit score is effected by credit longevity meaning how long your accounts have been open so you may hurt yourself by closing your existing
Arica | Dec 07, 2007
The more credit cards you take out, and the balance transfers you have; the lower your credit score may get. So probably not, just depends in your situation
ash | Dec 07, 2007
How can a person qualify for low interest credit cards after chapter 7 bankruptcy?
Apr 27, 2010 by James | Posted in Personal Finance
You will have to rebuild your credit worthiness following bankruptcy before you will qualify for low interest credit cards. This can take a number of years of squeaky clean debt and credit management following bankruptcy.
rpg | Apr 29, 2010
What is a transfer balance fee for low interest credit cards and how much will it end up costing me?
Jan 24, 2011 by Armel Jackson | Posted in Credit
Typically 3% of the amount transferred.
falsi fiable | Jan 24, 2011
low interest credit cards news
Low interest rates may equal more fraud victims: OPP
18.05.12
(CNW) — OPP are warning consumers not to blindly trust phone calls that claim to be able to negotiate significantly lower interest rates on credit cards or loans.
Members of the OPP's anti-rackets branch say this type of "service scam" is becoming more prominent during tough economic times being experienced by many Canadians.
Consumers who get these interest rate reduction offers — sometimes through automatically dialled robocalls — should listen to them with extreme scepticism because many are scams. What the callers really want is the processing fee, which is usually paid by credit card. Some even follow up with a fraudulent client acknowledgment or cancellation clause that reimburse the amount excluding a "retainer fee."
Source: Petrolia Topic
low interest credit cards about
Be a savvy bargain hunter: Try credit card shopping
Globe and Mail - May 23, 2011
Credit card companies were offering low interest rates on balance transfers, and you could just threaten to leave your lender if they didn't match the best deal. When the recession hit, lenders tightened their rules. In recent months, however,
Get the best offer on airline credit card with creditcard001.com
Online PR News (press release) - May 22, 2011
This website proves to be an online guide to the best airline credit card promotions in their respective categories. With the help of these offers you can enjoy low interest rate, zero-percent balance transfers, cash back, and bonus,
American Express Gold Card - Get 10000 Bonus Points Here
Daily Markets - May 23, 2011
The customer service at American Express is legendary, and is well-known for being the best in the credit card industry, so you get their great customer service and many other benefits without having to pay anything for the first year.
Got debt?! Your home equity can help
Fox Business - May 20, 2011
Consolidation with a home equity loan can reduce your federal income tax through an interest-paid deduction on Schedule A. Example: home equity loan vs. credit card debt Let us say you have $25000 in credit card debt at 18 percent interest,