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Credit Card Guide – Sit Back And Let Them Do All The Hard Work
We are so lucky to have the internet to help us with our applications and information gathering. If you need credit, the facility is there. It’s great. What’s even more amazing is, you have companies who have done all the arduous tasks of research for you, and can now offer credit card guide facilities at your fingertips.
When you utilize a guide company, or as they would also call themselves affiliates or brokers, ensure that they know their products. It is imperative that they are able to offer you insight, guidance and a real genuineness to get you the best deal out there. If they can’t give this rudimentary service, then they are just after the sale. Leave immediately and find someone else to do business and who will help with the following points:
1) When you are thinking about your various options, always look at the fine print or lack thereof. Find out what their yearly percentage rate will be. APR – zero percent for a period of time is what you want.
2) Most assuredly they will charge you an unconditional fee per year of about $25 – $50. Ensure that this is not more in your case.
3) What is the annual finance charges (the amount that you pay on each transaction in order for you to utilize their credit facility).
4) Do they have an interest free period which entitles you to use your card without being charged interest. Typically it is about 20 – 25 days.
5) What are their penalty fees (which are normally hidden) if you don’t use their card for a period of time, or you have overspend on your limit.
6) How do they calculate their finance charges? Do they work out their charges with the average daily method, the adjusted balance method or the previous balance method? You would want them to use the middle one, because the balance is calculated by deducting your payments and/or refund credits directly from the balance owed by you after the previous month’s end billing run. It will produce the lowest financial charges to your card by far.
An honest credit card guide will ensure he imparts all his knowledge onto you, so that you might make the wisest choice in obtaining credit facilities.