• 0% Intro APR* for up to 12 months on purchases and balance transfers
• No annual fee
• 24/7 online account access
• Worldwide travel accident insurance
• Rental car insurance
• Free account alerts

To get approved on the Chase Platinum Credit Card you need to have good to excellent credit scores. In return the interest rate you will get is about 5% less than most other fixed rate credit cards. After the introductory period the interest rate will change to 9.24%.

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Chase Platinum

With it being a exclusive credit card it does come with a $495 annual fee. The rewards make up for it as long as you use it. Interest rates after the introductory period start at 13.49% depending on your credit score. The Visa Black Card does have a fixed rate for 6 months and then it becomes variable.

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Visa Black Card

Some of the benefits of having the Discover More Credit Card is a fixed interest rate for the first 9 months of owning the credit card. During this introductory time period you will be able to take advantage of a 0% interest rate for purchases. After the introductory time period the interest rate does become variable and the rate offered to you depends on your credit history. There are no annual fees with the Discover More Credit Card and only a small finance fee of $.50 for when you take a cash advance.

To show how much Discover wants your business they are offering a fixed 0% interest rate on balance transfers for the first 12 months of having the credit card. This can be quite beneficial if you plan on transferring balances from other high interest credit card balances over. The savings from the interest alone can add up and you will be able to pay down your balances even faster.

The Discover More Credit Card lets you earn unlimited rewards on all of your purchases. Depending on where you use your credit card you can earn up to 5% cash back rewards. Once you spend over $3,000 the amount of rewards you earn does go down to 1%. Still this is very good. To know you are earning 1% cash back is better than having to wait until you get a certain amount of air miles or points to be able to cash something in. The minimum amount of rewards you can cash in is $20. Your reward balance will never go away unless you close the account without cashing out, is inactive for 18 months, or if you do not make at least a minimum payment on time for two consecutive months. If you do any of those your rewards will be removed. The Discover More Credit Card can also cover you when renting a car. You are covered under their insurance company if you get into a accident.

All in all the Discover More Credit Card is one of the most popular credit cards out there. The terms are great and so are the rewards. This credit card will end up being one of those cards you probably hold onto for more than a decade and use all the time.

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Discover More Credit Card

If you get approved on the Discover Open Road Credit Card you will have a 0% APR for the first 12 months of having it. After the intro period you can expect to have a interest rate at 10.99% which is based on your credit rating. Not everybody will get approved as you need to have excellent credit.

This is one of the best fixed interest rate credit cards available for road warriors. If you spend a lot of time driving around then the Discover Open Road Credit Card is for you.

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Discover Open Road

There are no rewards like cash back or airline miles with this card because one of the benefits of having the 0% interest rate on balance transfers or purchases for the first year. After the introductory period the interest rate will move up to 8% based on what your credit score is. Many people apply for the Citi Platinum Select Credit Card to take advantage of the balance transfer. Keep in mind that there is a 3% transfer fee for every time you do so. Make sure this makes sense for you to do. As long as you make your payments on time the interest rate will stay at 0% for the first 12 months on what you transferred.

The Citi Platinum Select Credit Card is a very popular card for college students or anybody else looking to establish a credit history. Knowing that you have a 0% interest rate for 12 months will help you learn what to do with building credit and being responsible with a credit card. Eventhough this credit card does not have a rewards program it does help you start to build a credit background with the banking industry. This is one of the best fixed rate credit cards available in the industry. Approval rates are high and if you are looking to transfer over a balance to start paying it down then the Citi Platinum Select Credit Card is for you.

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Citi Platinum Select Credit Card

After the introductory period the interest rate will become variable and will depend on your credit score. Most interest rates start at 13.49%. The credit limit with each credit card can go up to $20,000.

The Capital One No Hassle Miles Rewards Credit Card is a fixed rate credit card for the first 12 months. This gives you the opportunity to pay down balances on other items or know that you’re payment will not change.

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Capital One No Hassle Miles Rewards

Banks nowadays have finally smartened up and decided that they should only take risk on people that have proven that they can pay their bills on time. Getting a high credit score is that easy. All you need to do is pay your bills on time and you can expect to have a credit score in the mid to high 700s. Major credit card issuers like Chase, Bank Of America, and Discover had to change who they gave credit too. Their where times over the past 6 years that these same companies were giving credit cards to people with credit scores below 600. Sure, they were charging high interest rates to these individuals and they were thinking that they were going to make 15%-30% interest on those credit card holders. It sounded like an easy business plan. Charge high interest rates to people that are high risk. Well, it back fired on companies like Bank of America, Chase, Citibank, and Discover. The same people that had poor credit scores would run up the balances on their credit cards all the way to the max. Occasionally making a payment to the credit card would keep them from getting the card taken from them or closed.

The credit card holder would spend to the limit, lets say the limit was $5k, but the minimum payment was $30 a month. This $30 did not even cover half of the interest they were spending. So what these people did was spend to the max and just not pay it back. It was that simple. Spend $5k on stuff and just not pay the banks back. It was that easy. The funny thing was that the banks kept on sending them credit card applications to these people again and again.

Realizing that they cannot just approve anybody on a credit card the banks after suffering from major losses on credit cards and foreclosures decided they can only lend to people with credit scores over 700 now. You might be able to find a fixed rate credit card with scores between 650 and 700 but it is not going to be a low fixed rate credit card. You should expect to pay over 10% with scores between 650 and 700.

Now more than ever you need to be responsible when it comes to your finances. When that credit score drops down to 699 do not be expecting an approval on a credit card. The banks cannot afford to take any more risk on people that have proven that they cannot pay their bills back.

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How Your Credit Score Affects You Getting A Fixed Rate Credit Card

At this point it is important to start as you mean to go on and stop all spending on the card otherwise it will make arranging a debt relief plan much harder to implement. Delay can mean ensuring whatever credit card debt relief solution you want to proceed with is made more difficult. Whilst there are a number of debt consolidation options, the three mentioned below are the most common used for people in similar situations.

Where a person in financial trouble is still able to apply for a credit card, then by obtaining one that offers a low rate of interest the debts can be consolidated leaving just one payment to make regularly until the debt is cleared. A good alternative to this option is a consolidation loan at a low interest rate where the debtor can decide exactly how much they can afford to repay every month after the outstanding debts have been cleared.

This option does require a certain willingness on the part of the person in debt to be strict about the payments and the regularity in which they are made if they really want to end the debt problem. Debt consolidation does require that the debtor is still able to access credit and that they will have sufficient funds to repay the loan.

When the situation or poor credit rating occurs, credit card debt relief is unlikely; then it will probably be necessary to contact a company that specializes in negotiating settlements. The company can negotiate with the creditors to accept some money, generally about 50 percent of the outstanding balance and then write off the rest.

The final option is bankruptcy which should not be taken lightly but if the debt is totally out of control and there is no way to escape from the debt trap then filing for bankruptcy may be the only way out. This final option means that the slate will be wiped clean but trying to access credit of any kind will be very difficult whilst the bankruptcy is in force so rebuilding the credit history will take some time. However, the debtor must remember that opting for debt relief from their credit cards cannot become a regular feature and must be careful not to get into such a situation again.

Source: debt relief

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Credit Card Debt Trap

All across the country and the world, people are using their Visa, Mastercard card, or American Express credit card to make purchases with money that they do not have of goods which they may not need. However, there is a price to pay when you use your American Express credit card and the buy now, pay tomorrow attitude. The amount of money owed on credit cards is growing everywhere. It is true that credit debts are one of the biggest problems that are facing America today, and that is no joke.

I couldn’t think of any other alternative but to get rid of my American Express credit card. There was nothing to stop me because I wasn’t actually taking money from my pocket. I was using my card for just about everything, but I soon noticed the debts were mounting. I stated to panic because the debt became so great it was impossible to pay it.

The debt refinancing service I turned to were my best hope and I managed to get the debt repayment under control. This is not something I ever want to happen again. It took some time but the American Express credit card has gone and so has my debt. Most of you reading this will probably think it’s not the fault of the credit card but you need to understand something fundamental about human psychology.

You have more control when you see the cash actually coming out of your pocket. Credit cards make it too easy, especially because you rarely look at the cost. I could spend money like water, and before I knew it, it was all gone. I no longer have an American Express credit card problem!

Source: credit card

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Your American Express Credit Card

Since finances—especially money—is one of the major concerns of many people, a wide array of financial management services and financial options emerged. One of the most visible among the unending line of financial management services there are is the credit card.

Although many people testify for the financial convenience you get when you apply for a credit card, it doesn’t mean that every financing convenience applies for you or for everybody in that matter.

When people apply for a credit card, there is always a reason. It can be for managing their finances, needing extra money or in preparation to a big expenditure. But, no matter what the reason is, people apply for a credit card because of the ultimate convenience it brings. By now, you may have had your share of ‘pre-approved’ credit card offers in your virtual and physical mail. Since people are quite vulnerable when they apply for a credit card, some credit card issuers lure these people by giving low introductory APR, no annual fee offers among numerous perks. The tendency of this so many alternatives and “value” deals is to sway the person who wants to apply for a credit card.

There are undeniably endless lists of pros and cons when you apply for a credit card, but if you really have decided to apply for a credit card, these are some of the helpful tips that can guide you on your credit card shopping journey.

Actually, there are three easy steps you should follow if you have decided to apply for a credit card. First, surf the net and do some research on credit cards. By doing this, you can familiarize yourself with different credit card terms and types. Second, you can compare numerous credit cards that would best serve your needs and lastly, you may now apply for the credit card of your choice by filling out a credit card application by visiting a bank representative or through online.

In order to find the right credit card fast and easy, first, before you apply for a credit card, make sure you mastered the credit card terms. When you apply for a credit card you must know what a “credit card” really is. Being a form of borrowing that involves charges, credit cards usually have underlying credit terms and conditions affect your overall cost. So, it’s best to compare terms and fees before you apply for a credit card and agree to open an account. Some of the important terms to be understood well include the annual percentage rate or the APR.

When you apply for a credit card, you must know how the APR affects your credit account. Being a measure of the cost of credit expressed as a yearly rate, the APR should be disclosed before you apply for a credit card so that you would not be obligated on the account and on your account statements later on. Aside from APR, the periodic rate must be disclosed to the card holder before they completely apply for a credit card so they would have an idea of their outstanding balance and finance charge for each billing period.

Other important terms to know before you apply for a credit card are free period or “grace period,” annual fees, transaction fees and other charges, other costs and feature, and balance computation method for the finance charge like average daily balance, adjusted balance, previous balance, and two-cycle balances. If you’re not that type of person who is patient enough to research on all these terms, make sure that before you apply for a credit card, the issuer will give an explanation how the balance is computed and it must appear on your monthly billing statements.

Source: finance

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7 Tips Before You Apply for a Credit Card