Credit Report Repair Guide

5 of the Best Six Months Low Fee Transfer Credit Cards The Balance transfer credit card is the major tool for the consumers. It is required for the conditions when the person needs to transfer the balance from a credit card at the high rate of interest to the different credit card with the low rate of interest that is to be paid on original balance that could be the transfer of balance from the MasterCard to the Visa card. Nowadays this proves to be ideal economically.

Here are the five best now fee credit cards for the people that are based on customer service, card benefits and majorly on the rate of interest.

1. St. George Vertigo MasterCard
The St. George Vertigo MasterCard is a great option to transfer the balance as it provides zero percent rate of interest per annum for every six months. The MasterCard has been awarded the title “Best of the Best” in the year 2008 by the Money Magazine for being the best business credit card. This credit card holds the percent of 11.89 as the rate of interest per annum for the routine purchases.

2. Citibank Clear Credit Card
The Citibank Clear Credit Card or a Visa offers the low rate credit card for their  interest per annum for the six months on the transfer of the balance. The regular purchases are calculated at a 12.49 percent of rate of interest p.a. Besides that it also give around 55 days that are accessed on no rate of interest.

3. Bank West Lite MasterCard
To provide a tough competition the Bank West Lite also issues the MasterCard that are accesses with zero percent interest p.a. on the transfer of balance for the six months. The advanced cash is calculated at a 20.49 percent rate of interest p.a. with 11.49 percent interest p.a. on the daily purchases. The maximum of three additional holders of cards are allowed for free.

4. HSBC Low Rate Visa Card
The HSBC Low Rate Visa Card is other major bet for the people looking at the balance transfer credit cards. This card not only provides zero percent interest on the transfer of the balance for six months but also it does not charge any annual fee in the first year.

5. GE Money eco MasterCard
The GE Money eco MasterCard does not only focus the customers to “go green” but provides the zero percent interest for six months on balance transfers as well. One percent of the purchases made on a card are donated to the organizations that work for offsetting the emissions of the greenhouse gas.

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When deciding about what type of credit card to apply for you should consider a couple of things. Is this going to be for the long term? Will it be a business card? Do you need to establish a credit history or are you getting it to earn rewards? These and many others should be thought out before applying.

Every person who has ever had a credit card knows that interest rates are what makes or breaks somebody. The horror stories about mounting credit card debt and rising interest rates are every where. This is why you will want to take a look at a low interest credit card. With a low interest rate you can focus on paying down debt instead of worrying about it. Always try to pay down your balance so you do not get charged any interest at all to begin with.

All credit cards will eventually turn into a variable interest rate. You can find a couple fixed rate credit cards that keep it the same for a certain time period. Some banks will give you a low introductory rate from six to twelve months. If you need to have a card on hand to make purchases and plan on paying it back before the intro period is up then this is the way to go.

A example of a reward card is something you get back when you use the card on purchases like airline tickets. These are usually called airline mile credit cards. Here you earn points towards your next airline ticket. You do not need to earn the full amount to redeem them. This can help bring down the costs of travelling. The interest rates might not be as good as normal cards without rewards but if you are good about paying your bills on time or in full then you have nothing to worry about.

There are many other types of credit cards to choose from. Whatever one you apply for, take the time to read over the terms and conditions. Doing so will remove any fears you might have about your next credit card statement.

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Fixed rate credit cards are nice to have. These types of credit cards are perfect for anybody. For people who carry a balance every month it only makes sense to have a low interest rate. It gives you the opportunity to get ahead and pay down the balance on your card without paying a lot of interest. These cards are a little trickier to get approved on then most. You need to have excellent credit history. The majority of people in this category typically pay their whole bill off from month to month and are considered low risk by the banks. Many people only have them to get the rewards. If you have bad credit then you need to work on you’re credit report so you can get approved. When you get approved you can expect interest rates 5% less than most cards. Think about your interest going from 21% to 9% and how much faster you could pay down your debts. To keep the low rate you will need to pay on time every month.

A rule of thumb when selecting a card is to go with a fixed rate than that of a variable rate. When doing your research make sure you go through and find out if there are any fees involved. If you plan to transfer a balance there might be a fee involved and it should be considered as interest because you are paying something. If you can pay your balance off every month, go ahead and do it. There is no reason to be giving your money away to big banks. If you are going to make purchases on something you can’t pay in full, take the time to see if it makes sense to use your charge card.

With the low rate you can work towards being debt free. Putting extra money on top of the minimum payment can save a ton of interest. Whatever you use the card for don’t forget to stay within the guidelines of the contract. Late payments and keeping your balance over 50% of your limit are factors which could break the rules imposed on you. Always apply for a low apr credit card. Some of them do not have the best rewards programs but its nice to not pay a lot of interest.

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It seems that many people think that all credit cards come with high interest rates. All you hear about on the news is credit card companies ripping off their customers with high rates and fees. These stories represent what happens to about two percent of the population. Many people earn those high rates because they made late payments which broke the guidelines of the credit card agreement. When this happens it will change to what ever was agreed upon hence kicking in the higher rates.

Getting a low interest credit card is easy to do. The companies that issue cards are begging for your business. They want you to become a customer of theirs because they know most people stick with the same card for a lifetime. If they need to give you a low apr credit cardfor the first year to make you a life long client then that is what they are going to do. Most financial institutions offer products like mortgages, mutual funds, and checking accounts besides just credit cards. They make most of their money on those as the card is to get you in the door.

You can practically find a low fixed rate credit card application blowing in the wind as the mailing list is huge. Every company out there probably has over a dozen to choose from with different rewards programs to go with it. Take the time to find the right one as you will probably keep this card for quite awhile. If you cannot get approved on one particular card because of bad credit or even not enough credit just keep on trying. There are companies that specialize in extending credit to people with lack luster credit profiles. It is common to receive an offer with a zero percent interest rate for the first year. The rate will remained fixed for the entire introductory period as long as you make your payments on time. It is really that simple.

Do not listen to the news or people who say that all credit cards have high interest rates. Many of those stories are about people who have no clue how interest rates work. There is one way to not pay any interest at all which is always over looked. When you get your bill, pay the whole thing off. This way it does not matter what the rate is.

written by Credit Repair Guru \\ tags: low apr credit card, low interest credit card, low rate credit card