Navigation       Home                            Contact                           Link

AMAZONTAGHERE6

 

ARTICLE PREVIEW

How To Purchase Gemstones On The Internet
So, you've been looking to purchase a quality gemstone on the internet and you need some help determining what characteristics you should be looking for in a quality gem. This article is intended as...read more

How To Buy The Right Carry Bag For Your Ipaq PDA.
Once you have purchased an Ipaq PDA you next step will be to find a nice bag or case to carry it in. You want to protect your investment with a durable case. You should also make sure that your new...read more

How To Arrange Food Allergy Testing
If you have a food allergy it is essential that you identify it as soon as possible so that you can avoid problem foods. Food allergy testing is the only way to identify a food allergy. Once you...read more

HOME >> How To Get Free Credit Cards

 

YOURIMAGEHERE3

How To Get Free Credit Cards
By Morgan Hamilton

 

 

Free credit cards - what a concept! We're all enticed by the very word free. The more common term for free credit cards, however, is 0% (or zero percent) APR credit cards. APR stands for annual percentage rate. In other words, free credit cards can refer to those that charge you no interest on the purchases you make with them.

Years, and decades ago, the APR was standard no matter which card you chose, and which financial provider. The APR simply depended on the bank rates, which in turn were influenced by the federal reserve. 18 percent was then a fairly standard APR. This was clearly not a time when free credit cards abounded and, in fact, competition wasn't very frenetic, because the rate was the same no matter which card you chose.

Then, however, monoline banks came into being. These banks, unlike the traditional financial institution that accepted deposits and gave out loans, served simply as issuers of credit cards. These still didn't create free credit cards, but they did have a decreasing effect on credit card APR, because competition for credit card users started to become stiffer.

Nowadays, unlike the past decades, you're almost certain to find introductory promotional offers on just about every credit card. While they won't always qualify as one of the free credit cards, most will qualify as low interest first year credit cards. The most popular, of course, are the free credit cards - the ones that offer the zero percent APR at least for the first year.

What's so great about these free credit cards? The primary usefulness is not for the new credit card user (although free is certainly an enticement - and useful - for novice or long time user, young or old) but for those who already have accumulated a hefty amount of debt from the use of cards that don't qualify as free cards.

As an example, let's say that you owe $5000 on a credit card whose APR is twenty percent. You're going to have to pay $1000 just to keep up with the interest. If, however, your credit card is a member of the free credit cards family, your $1000 payment will actually bring the principal down to $4000. What a difference, then, these free credit cards can make!

Free credit cards can best help you get out of debt when you transfer the balance of another high-interest APR credit card to the account of the free credit card.

You might also benefit from free credit cards that charge no annual fee. Some of these do this as a promotional gimmick, eliminating the annual for the first year only, and then charging anywhere from $19 to $250 each year thereafter. Some instead charge an annual fee in subsequent years only if you don't use the card for the number of purchases the free credit cards companies designate as your minimum requirement.


About the Author:

Morgan Hamilton offers expert advice and great tips regarding all aspects concerning Credit Cards. Get the information you are seeking now by visiting http://www.GetQualityCreditCards.com

Source: www.isnare.com

Return to HOME to read more articles
 

RSSTAGHERE4

 

COPYRIGHT © 2009-2015 HOW TO - ALL RIGHT RESERVED

 

CLICKBANKBUDDYTAGHERE5