Variable versus Fixed-Rate Credit Cards
Posted On: 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 [...]
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StumbleUponRe-thinking Credit Card Choices (Part 2)
Posted On: February 19, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is the second of a two-part interview with Linda Sherry, the Director of National Priorities at Consumer Action.
Mike: It has been suggested that those with good credit scores will find good credit card deals and those with poor scores will not find cards available at all. Are [...]
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Re-thinking Credit Card Choices (Part 1)
Posted On: February 17, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is the first of a two-part interview with Linda Sherry, the Director of National Priorities at Consumer Action.
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 [...]
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Using a Low-Rate Credit Card to Your Advantage
Posted On: 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 Interest 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 [...]
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Fed Cuts Key Rate By One-Quarter of a Point: Credit Card Users Will Likely Benefit
Posted On: May 2, 2008
By Jessica Austin, CardRatings.com Public Relations Associate
The Fed announced a 25 basis point rate cut, bringing a key rate to 2.00 percent. The prime rate will also fall one-quarter of a percentage point to 5.00 percent. The move by the Federal Open Market Committee followed several rate cuts in the first quarter of 2008 that [...]
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Fed Cuts Key Rate By Three-Quarters of a Point: Credit Card Users Will Likely Benefit
Posted On: March 25, 2008
By Jessica Austin, CardRatings.com Public Relations Associate
The Fed announced a 75 basis point rate cut, bringing a key rate to 2.25 percent. The prime rate will fall three-quarters of a percentage point, also, to 5.25 percent. The move by the Federal Open Market Committee followed a half-percent rate cut Jan. 30 and brought the [...]
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0% Credit Card Interest Gimmicks and Promotions
Posted On: March 21, 2007
Author: binciong
Posted: Tue Oct 17, 2006 8:32 am
Post subject: Monthly Automatic Charge of $1?
I have a balance on a Discover card that carries 0% interest as long as there is at least one dollar charged every billing period.
Right now I pump one buck of gas each month but I’m capable of forgetting and then [...]
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Review of Interest Free Credit Card Periods
Posted On: March 16, 2007
Author: waterman
Posted: Sat Feb 17, 2007 12:38 pm
Post subject: Interest free period - yeah right!
Hi, just wondering if anyone would care to comment on the article below? Are there any cards around where the interest free period begins on the day of the purchase?
You’ll often come across credit card offers that loudly and proudly [...]
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Highest Interest Rate on Credit Cards Review
Posted On: September 30, 2006
Author: luckyl
Posted: Wed Jun 30, 2004 1:39 pm
Post subject: If Banks already gouge @ 28%, can they move higher w/prime.
Quick point / question…If in this time that the Fed rate and prime rates are at all-time lows and Credit cards are still charging on some cards as much as 28% interest (supposedly variable with the [...]
