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Home > > 13 percent apr credit card

13 percent apr credit card

A cash back credit card is a fantastic way for you to make some cash, while all the time spending! Although it does only suit the customers who pay their bill in full at the end of each month.

A cash back credit card will give credit 13 apr percent card you the chance to earn as you spend. A percentage is returned to you on an annual basis for every pound that you have spent. This is usually set at between 0.5% and 2% depending on how generous the credit card lender is. And as I have said already and I cannot stress enough is you should be able to pay off your credit card statement in full each month as is the only way that a cash back credit card will work for you.A cash back credit card is not for everyone…If you are a borrower then a cash back credit card will only cost you, even though you will be earning a little back, you will find that this will be eaten up and more by the interest charges, which are usually on a higher scale of APR.By not incurring the interest payments, then every pound that you spend on the card will see a little winging it’s way back to you and if you do pay your credit card bill off in full and never have worries about doing so, then why not switch to a cash back credit card. If you don’t already have one, there are only a few ways in which you can get money from a credit card lender, rather than the many ways in which they abstract cash from us.Do not transfer any balances…There is a word of warning that will come with this though, if you decide that you want to balance transfer an amount from your existing credit card company on to a cash back credit card, then you should try and avoid this, in fact avoid it altogether. As any payments you make to the credit card will only go on to pay the amount transferred and interest will mount up on any purchases that you have made on the credit card, which will leave 13 percent apr credit card you paying back more than the cash back card is making you.There are a few good deals on the go right now, with the Amex Blue cash back card the Amex Platinum and the First Trust Bank cards worthy at a look if you decide that a cash back credit card is for you.Remember…1) Pay off your balance every month 2) Cash backs are repaid annually 3) Avoid transferring a balance to your cash back cardSo if you have a clear statement at the end of each month then go for it and make that bargain in the sales save you 13 apr credit percent card even more cash.2

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DID YOU KNOW?

"I pay with plastic these days. I don't carry around much cash anymore."

Credit card companies love people who use their credit cards for most of their financial needs and they're usually willing to "up the ante" as the expression goes, if they see that individuals use their credit cards wisely. Besides, by using their credit cards, individuals benefit from purchase protection as provided for under section 75 of the Consumer Protection Act.

Credit card holders who meet minimum payments or pay the full amount each month usually receive offers from their credit companies for a higher credit limit. In many cases, they even receive cheques from these companies encouraging card holders to use them for practically any purchase they need to make.

For credit card holders, these questions must be addressed:

  • Is it the best credit card?
  • Is the minimum payment or the full balance paid every month?
  • Does the credit card offer cash back or rewards that can be used to advantage?

With the proliferation of credit cards and the various ways in which they are structured, it certainly pays to shop around for the best credit card that serves the person's needs in both the short and long term.

The credit card industry has become creative and flexible. Companies offer cash back credit cards, no-fee credit cards, and will even offer zero percent interest on a credit card balance transfer for a fixed period, usually from six to nine months to promote their introductory offer.

The general rule of thumb is that if credit card users pay off the full balance every month, a cash back credit card would probably be the best deal. Purchases are discounted and at the end of 12 months, the credit card holder receives a sum that can be used at the card holder's discretion.

If card holders are unable to pay off the balance each month, leaving an existing balance on their cards, the best deal would most likely be a credit card that has a low interest rate averaging between 10% and 12%.

Card holders should know that a credit card can have three separate types of interest rate associated with it and diligence dictates that credit card users should be familiar with what these rates signify because when the monthly statement arrives, the amounts can be confusing. Below you will find a clear breakdown of these rates which serves as a guideline for individuals about to fill in a credit card application. You can also find many online credit card guides for individuals who are not yet familiar with the dynamics of credit card use.

The three different credit card rates one is likely to encounter are:

  • PIR – purchase interest rate: this rate applies to purchases of both goods and services
  • BTIR – balance transfer interest rate: this rate is applied to balances transferred from one credit card to another. Individuals usually take advantage of this facility especially when the existing rate they are paying is too high
  • SVR – standard variable rate: this is the rate that is charged on all unpaid balances on the card, except that of the balance transferred from another credit card

If in doubt, there are a number of very good online credit card comparison services which provide individuals with key information. This in turn enables them to make an informed decision as to the best credit card to suit their present circumstances and spending patterns.










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