The following article lists some simple, informative tips that will help you have a better experience with Visa Credit Cards.
Visa Credit Cards are some of the leading cards online that come in various types. Visa offers credit cards to students, businesses, small businesses and individuals alike, including cards designed for travel. Starting from $250 and up, the lenders are offer outstanding credit limits, and it’s all online for the taking.
The basics to apply for a Visa Online is to have a job, copies of your credit reports, and a bit of information to provide to the Visa credit card lenders. Be sure to read the Terms and Conditions vigilantly before applying and signing for a card.
Many of Visa credit cards offer a 0% Introductory APR on all purchases and balance transfers with no annual fees. Grace periods may be interest-free as long as you pay your bill each month on time. A number of Visa cards offer a point system or a cash back reward program. Cardholders can earn money while they are spending cash. After the cardholder has earned sufficient points, the cardholder can trade the points in for a trip, stereo, or whatever the card lenders are offering. Visa cards may offer a 2% or more cash rewards on purchases with a cash reward limit of $500 each year. Make sure the card that you select offers a 100% guarantee against fraudulent activities and NO LIABILITY.
A few card lenders may not be concerned if your card is stolen and will charge the cardholder anyway. Other card providers may charge set amounts for the charges to your card.
One of the Top Picked credit cards online supposedly is the Low Interest Citi Platinum Select. Few lenders offer 0% APR, with normal APR 10.49%, and no annual fees. The card charges 0% on purchases, and balance transfer up to one year.
The Terms & Conditions clarify that the APR is 0% up to one year, but after the year, the standard APR rates will apply to balance transfers and purchases. The standard APR is 10.49%. Cash advance APR fees are 21.99%; however, each APR may rise systematically and may increase to 30.99% “Variable default rate.”
So far, we’ve uncovered some interesting facts about Visa Credit Cards. You may decide that the following information is even more interesting.
Other charges include increases on “promotional rate” if the cardholder fails to pay other creditors on the due dates. If the card is used in the foreign regions, the cardholder will pay fifty cents on financial charges, and 3% on all purchases. If the cardholder takes out a cash advance then the holder is subject to 3 percent interest per advance, and the minimum balance is $5. Balance transfers are 3%, with $75 being the maximum.
As you can see, reading the Terms & Conditions is wise, since you may be biting off more than you can chew, especially if you have credit issues.
The Chase Platinum Cards offer low intro APR rates on balance transfers and purchase. The card has no annual fees, and enrollment programs to earn points, earning free stays at hotels, free flights, and more. Bill pay and secure accounts online are also available.
Annual fees on purchase is 0% the first year, and 10.99% Variable after, ‘or 14.99% Variable for premium pricing.” Standard APR is 21.99% Variable rates.
Balance Transfers APR on the Elite and Premiums price rates are 0% “FIXED” for the first year, and 10.99% Variable on the Elite price. Premium 14.99% Variable and Standard is 21.99% after the first three grace periods. If you use the card for cash advances, you will pay 22.99% on Premium and 22.99% on Standard. Overdrafts are 13.99% FIXED and is not optional in certain states.
The Discover Platinum, provided by some lenders offer 0% Introductory APR, with no annual fees and 5% cash back rewards. The program offers more if the cardholder shops at “bookstores, home improvement” centers, gas stations, and some restaurants. The cardholder will receive 1% cash back rewards on each purchase made on the card. Gift card rewards are also offered with the approval of the card.
Regardless of which card you choose make sure that you read all the conditions pertaining to the cards. Some cards have stipulations, while other cards do not. The APR is one of the important charges consumers want to watch out, since the APR can put you in debt.
As your knowledge about Visa credit cards continues to grow, you will begin to see how Visa credit cards fits into the overall scheme of things. Knowing how something relates to the rest of the world is important too.
Also it helps to get out of personal debt
Personal debts can see your hard earned money vanishing without you even realizing it. This happens, simply because of over-spending. Having said that, how can this be controlled.
Credit Cards
Credit cards, whilst having their own advantages, give people a sense of false wealth. Banks give maximum amounts you can use every month letting you think you have that amount to use up. If you use the credit card for all your purchases, you may have the tendency to spend more that you should. Think carefully before you swipe that card. Remember that for every swipe there is an added amount of interest hiding there somewhere. Use your credit card only for big things, meaning those that are high priced. Or use it only for items that have been budgeted for.
Always get zero interest rates and discounts your credit card company offers. If they do not have zero interest rates settle for the lowest interest fees.
Limit yourself to having one or two credit cards. By doing this, you limit yourself in spending too. That would definitely reduce the upper limit of your spending, and control your personal credit card debt.
Loans
Loans are useful and good if used wisely. If you are a wise spender you will use it to your advantage. Always remember to get the lowest interest fees or better the one with zero interest rates. Look carefully into the installment plans. Be sure you can pay for that specific amount every month. If not go for a plan with longer plans. Look into these interest rates as well. Be sure you pay your loans before its due date. You will incur late charges if your payments are late. This way, you can also control your personal loan debt.
Shopaholic
Do not go after every sale in town. Are you saving by buying during the sales or just merely spending more? Or do you buy almost every item that looks good? Limit your spending to planned purchases.
The Lose Change
Save the coins which are part of the change returned to you. It may look little but over a period of time, this can add up to quite a bit. If you do not like carrying the coins around, then just drop them into any container, that you can keep for this purpose. Once you save a good amount, you can get the bank to exchange them for bills.
You might find times that you might actually find that you can put this savings to some good use.
Emergencies
Make sure you have some emergency funds. You never know when you will need it. If you do not have this, then you will end up having to use your credit card or getting a loan.
Planning your spending based on your income will help more than anything else to ensure that you do not get into personal debt. Besides staying out of debt, also start saving. Plan for the future. Think of the reasons you will need the savings in the future. This will motivate you to not only stay out of personal debt but also to save.
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