A strong credit history that will help you with future activities like home-buying, paying for higher education, and even finding a job.

But, before you apply for a card, consider the advantages and disadvantages especially with the current financial situation you are in.
 
How To Maximize The Potentials of Low APR Credit Card
A Credit card is the most powerful financial tool if is used properly. Basically, APR is the cost of credit as a yearly interest rate. APR stands for “Annual Percentage Rate” of charge can be used to compare different credit and loan offers. The APR on credit cards is usually calculated monthly based on the current amount in the card.
 
If the current card balance would remain the same over a year then monthly interest is calculated as ; the interest on the amount over a year (APR) is worked out and divided by 12 to give the monthly interest.
 
It is a must that all lenders tell the client what their APR is before signing any agreement. It is better for people to avail a low APR credit card because the lower the APR, the better the deal for them to spend more money in shopping around.
 
Choose a low APR credit card
 
Low APR credit card is a good choice for those people who are into a tighter financial budgeting. Being the most important attribute of a credit card, APR determines the significant balance over a longer period of time.
 
In a low APR credit card, the amount of interest one must pay on his or her credit card balance depends on its APR because the lower the APR is, the better it is him or her because it means they have to pay less interest. APRs in a low APR credit card can either be “fixed” or “variable.”
 
Some of the questions one have to ask when looking for a low APR credit card includes the charges—if they vary or a fixed rate; and if these charges are variable because it might affect the repayments and if these rate are fixed or will it stay the same.
 
Searching for a low APR credit card may also include inquiries on the possibility of any charges that are not included in the APR like optional payment protection insurance or an annual charge.
 
If there are any, make sure that you understand what they are and when do you have to pay them. Lastly, looking for a low APR credit card should include questions on the conditions of the credit and how would these conditions suit you.
 
Most low APR credit card offers 0% APR for the first months on purchases, cash advances, and balance transfers. Through these, low APR credit card can warn rebates towards any item purchased. They also offer $0 liability on unauthorized purchases, and no annual fees.
 
They also offer good deals if one carry high balances on other cards and need to transfer the balance.
   
 
 
 

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