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Credit Card Interest

Variable versus Fixed-Rate Credit Cards Written by
March 4, 2009
An excerpt from How YOU Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line. All cards can be classified as either fixed or variable rate. Fixed rate means the interest rate never changes—at least, in theory. The rate on variable-rate cards, however, can go up or down, depending on the [...] Posted in: Credit Card Interest
Re-thinking Credit Card Choices Written by Mike Killian February 17, 2009 Exceptional times often require exceptional measures to deal with events. No one doubts or questions the seriousness of our economy. Consumers are cutting spending and shedding debt whenever and wherever possible. The commercial market place is affected by this trend. What does this mean for consumers in return? What credit cards should they be considering? [...] Posted in: Credit Card Fees Credit Card Interest Credit Score
Using a Low-Rate Credit Card to Your Advantage Written by
September 23, 2008
An excerpt from How YOU Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line.The Three Keys to Using a Low-Rate Credit Card to Your Advantage: 1. Make your payments early. If your card issuer uses the average daily balance method to calculate interest (most do), make your payments before the due [...] Posted in: Credit Card Interest Low Rate Credit Cards
Negotiate a Better Credit Card Rate Written by
September 16, 2008
An excerpt from How YOU Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line.When you've taken a gander at the current rates being offered, you can use them as a negotiating tool with your card issuer. Trying to bargain down your rate might sound like an intimidating, complex process, [...] Posted in: Credit Card Education Credit Card Interest
The Military and Money Written by
August 15, 2008
My younger brother, Johnpaul Arnold, is a Major in the Army. He’s on his second tour in Iraq, and I pray for his safe return every day. He’s provided me with endless encouragement, especially at times when I needed it the most such as working on my most recent book on credit cards (which turned [...] Posted in: Credit Card Education Credit Card Interest Credit Score
Proposed Regulations for the Credit Card Industry: Do They Go Far Enough? Written by
July 27, 2007
In late May, the Federal Reserve came out with its proposals for changing the rules that the credit card industry must follow. The goal, according to Federal Reserve Board Chairman Ben S. Bernanke: “… is to make sure that consumers get key information about credit card terms in a clear and conspicuous format and at a [...] Posted in: Credit Card Interest Credit Card Laws
Credit Card Interest: You're Paying Much More Than You Think ... Thanks To Taxes Written by CardRatings.com April 11, 2006 In years past, taxpayers could deduct the amount they spent on credit card interest. But once the Tax Reform Act of 1986 took effect, that was no longer the case. Without that deduction, we are paying our credit card bills with "after-tax dollars" - that is, money we've already paid taxes on - which means [...] Posted in: Credit Card Interest
Bi-Weekly Credit Card Payments Can Save $1000s in Interest Charges Written by CardRatings.com February 1, 2006   Here's a little known tactic for getting out of credit card debt: Send in bi-weekly payments. Say you owe $5,000 on a credit card with a 17% interest rate and 3% minimum payment. If you only send in the minimum amount every month, by the time you've paid off that $5,000, your interest bite would be [...] Posted in: How Credit Cards Work Credit Card Interest
Comprehending Credit Card Interest Rates- A Lesson in Futility? Written by
September 20, 2005
Credit card interest rates can be "downright confusing".   Therefore, a little education goes a long way when it comes to comprehending card rates.   Most of the low rate credit cards offered today are variable rate cards.   This means the APR is attached to an index such as the Prime Rate or LIBOR (London Inter Bank [...] Posted in: Credit Card Interest

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