Smart Credit Card Strategies - Best Credit Card Deals
While credit cards are sometimes portrayed as a necessary evil, they also
provide a lot of benefits. The key is to know how to find the best credit card deals and use them to your advantage
and not to get caught up in the traps that lurk behind the benefits.
Borrow Cheaply: Interest rates are creeping up on all types
of loans, but those introductory low-rate credit offers just keep coming.
My mailbox is flooded with offers like these:
0% for six months!
3.99% for the life of the transferred balance!
0% financing for one full year with a major home improvement purchase!
Some consumers successfully use these low-rate offers to consolidate debt,
pay college tuition, or even to pay off more expensive home equity lines of
credit.
Of course, you have to watch out for the traps, which include fees of as much
as 4% on a balance transfer, and rates that skyrocket if you make a payment
even one hour late. Also keep in mind that maxing out a credit card can lower
your score, resulting in higher rates on other credit card balances you carry.
So tread carefully, but take a lower rate when you can. Best Credit Card Deals, Compare Credit Cards Online
