Martin Pelmore, How to Work out the Cheapest Credit Card?

Super Star candyshop999 at gmail.com
Fri Jan 4 02:50:08 PST 2008


Martin Pelmore, How to Work out the Cheapest Credit Card?


With the rise in popularity of credit cards many are finding that they are
the best choice when it comes to online purchases, providing temporary
finance and also ensuring that you have an element of security that other
payment services offered by banks do not provide. Despite this, other
inherent disadvantages are causing many to choose not to contract with a
credit card service provider. Reasons for this include a fear of
accumulation of debt, rising figures in relation to identity theft and
credit card fraud, and also an inability to shift away from the archaic
?offline cash transactions? that they have been in the way of for so many
years. With careful planning and firm self-regulation credit cards can be a
valuable tool, with great results, however what most people lack is the
ability to really spot a deal. Follow these steps to ensure that you get the
cheapest credit card for your needs.

1. Work out how much you intend to spend with your credit card, each and
every month. 2. Work out how you will be able to pay this amount of money
back. 3. Calculate the risk factor involved in you getting into financial
difficulty. 4. Work out the best case scenario and the worst case financial
scenario that you will be in over the next 6 months. 5. Might be out of
work? If you run the risk of being out of work over the next 6 months, then
we recommend that you never allow your credit card balance to go below zero
at the end of each month. 6. Shop around and find all the cost-centers
associated with the credit cards that suit your needs. 7. Compare at least 3
credit cards, and consider how much they will charge you in total, based
upon the figures you worked out in step 4. Ensure that you include APR,
yearly fees (if they apply) and limited time offers. 8. Made a choice? Now
consider how reputable that company is. If they are a public limited or
listed companies then they are more likely to be reputable, this will also
apply if they are owned by a major bank. 9. Read the terms and conditions of
the company that you are considering working with. Remember that these terms
and conditions are legally binding, and they affect both you and the credit
card company. 10. Last chance! Before you get the credit card sent to you,
think over it one last time. Are you sure this is what you want to do? If
not, why not wait a while and come back to it in a few days? If you do go
ahead with it and you change your mind, you can always cut it up!

Credit cards provide many advantages to sensible people, who find credit
cards a great way to finance purchases, regulate merchant transactions and
complete purchases offline and online with no need for a pile of cash in
their wallet. Despite this, not everyone is as sensible, please ensure that
you only spend what you can afford, and in doing so get the best results
from your credit card.

 This article is written by Devin Gilliland publisher for credit-wisdom and
j


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