Credit Card Watch

Paying off credit card debt with 0% interest is a dream come true - which is exactly why a large number of credit card companies offer the promotions. They know it will attract new customers who have debt with other credit card companies to transfer that debt to their cards. But where is the value to the company offer the credit card balance transfer offer; if they let you repay that debt with 0% interest?

Whenever you see credit card promotions that sound like they’re going to be a good deal for you, it’s best to look into them closely and make sure you read all of the “fine print”. A 0% balance transfer is typically good for a specific length of time, six months or twelve months are the most common terms. If you have several thousand dollars of debt on a higher interest credit card and take advantage of a 0% balance transfer offer for twelve months, the credit card company is betting on you still having a balance once the promotional period ends. When the six or twelve months of no interest repayments end, the balance will start being repaid with interest.

A common mistake many people make when transferring balances under the six or twelve month 0% promotional offers, is not checking what the interest rate will be after the promotion ends. If you’re moving a balance that you are currently paying 9% interest to a card with an interest rate of 19% after the promotional period ends - unless you are able to pay it off completely during the 0% interest period, you are not likely to benefit financially over the long term. You would have to start looking for another 0% balance transfer offer, or pay the higher interest until the balance is paid off.

The other often overlooked factor of balance transfer offers with 0% interest is that most of them charge a transfer fee. The fee can range from 1% to 5% of the amount transferred. T Read the rest of this entry »

With the competitive nature of the credit environment, more and more credit card companies offer zero per cent promotional credit cards to entice customers looking for cheap credit. Many companies have extended the length of their introductory 0% offers up to 15 months, in some cases. This allows consumers to enjoy a longer period of inexpensive borrowing with new card plans.

Zero per cent promotion credit card offers vary with their terms. It is important that consumers examine the details and fine print of offers before signing on with a card. Some offers are specifically for balance transfers, meaning the promotional rate applies only to balances transferred from other loan products. Other offers are for new purchases only, and are not applicable to transfers. The most competitive promotional card plans include promotional rates for both balance transfers and new purchases.

Consumers turn to these kinds of cards for a variety of reasons. Consumer borrowing and credit card balance levels continue to rise. Some borrowers look to promotional cards as a way to move balances from more expensive cards in order to reduce finance charges. Debt consolidation experts sometimes refer people to 0% credit cards as a way to consolidate debt from higher rate loans and credit card balances. Others simply enjoy the idea of buying now and paying later and consider that there is no interest charge for a period of time.

There are some limitations to most zero per cent interest promotions from credit card companies. Most cards that promote special rates for up to 12 months, or 15 months, reserve these longer periods of zero per cent rates for excellent borrowers. Borrowers with good or fair credit may still get a promotional rate, but the length of the promotion may be much less. Again, borrows need to be aware of the length of the offer before signi Read the rest of this entry »

As we knew there a close competition between credit cards issuers. So if there is a competition between credit cards issuers it will be more benefited to consumers because there will be more chances you can get more rewards and offers. Advanta is one of them who provides many rewards and offers to their consumers. So let’s have a review what are those offers we get on the Advanta business credit card.

IF you want a credit solution for your company then Advanta business credit card is one of the best option for you in the market.

Advanta Platinum Business Card With Rewards:

One of the card which provide 0% Apr for the first 12 months of issuance.The rewards program offers by this card is a full 5% cash back on purchase of gasoline,diesel and fuel, computers, office supplies, electronic items etc. When you purchase some thing online by using this card you can get 1% rebate also. Whenever your unpaid rewards reach $50 in a billing cycle, you’ll receive a $50 check.

You will also get more rewards from this card like You’ll enjoy insurance when you rent a car, itemized expense reports and online account access for easy account monitoring, and even extended warranty coverage on purchases you make using the card.

There are many credit cards are there on which annual fee would be charge in addition to platinum level benefits. But on Advanta platinum credit card there is no annual fee charges and you will enjoy a low competitive interest rate and the ability to carry a balance from one month to the next.

http://smallbusinesscreditcardsinfo.com where you can get more information about Read the rest of this entry »