by: Michael Colucci
Whether you own a credit card that offers reward points, a credit card with a low ongoing APR or one with a 0% APR intro rate, it helps and pays to act smart with your credit card usage. If and when you own a credit card, its not just simply a matter of swiping and paying off bills. There are ways to maximize the promotional offers and rewards of your credit card and were here to teach you how to be a smart credit card owner.
The Zero Percent (0%) APR Intro Rate Credit Card So, youve been approached by a credit card representative offering you this type of credit card, have you? He made it all sound so simple and wonderful, didnt he? Or maybe, you accidentally came across a credit card website and you found yourself mesmerized with the words zero percent.
Whatever the case, heres the truth about 0% APR intro rate credit cards its not what everybody needs. Thats right. Even if it does promises to give you 0% APR on your credit card purchases, keep in mind that this is an intro rate were talking about.
And this means that if the introductory period is over and the coverage is usually between three to fifteen months, tops then say bye-bye to your beloved 0% APR and say hello once more to the normal APR for credit cards.
A 0% APR intro rate credit card is best for people who want to transfer their balance from old credit c
ards and people who are planning to make expensive purchases and are able to pay them off before the introductory offer expires. When shopping for 0% APR intro rate credit cards, remember to ask about the duration of the introductory period, what the APRs going to be after the intro period and if there are any additional fees to be paid.
The Low Ongoing APR Credit Card If you just want a credit card with a low or lower interest rate but youre not in the mood to buy a Tiffany jewelry set or a yacht then yes, youre better off with a low ongoing APR credit card.
Credit Card Offering Rewards / Reward Points This is the most popular type of credit card. Although they have higher interest rates compared to other credit card types, if you dont mind paying more on finance charges in the hopes of winning something else later on then this type of credit card is the ideal one for you!
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