There comes a time when offers for the lowest rate credit
card find their way into your mailbox and flood it with so many bargains like
credit card balance transfer deals. And most likely, these kind of spam mails
turn up during the Yuletide season where credit card bills go ho-ho-ho. Stressful
enough. Will you be able to pay them off in time for vacation? Well, that to
say is, if you can even afford to have one with such pressure.
Looking for the Best Deals
Finding the lowest rate credit card is not that difficult.
Ever heard of google? Searching the net can give you tons of information and a
long list of potential candidates. It is recommended that you go for fixed
instead of variable rate cards. Don’t be fooled by low teaser rates initially
offered by variable cards. You’ll see that after a few months such rate will
come to an end and neither debtor nor credit score will benefit from hopping
around for better deals. Instead, look for the lowest rate credit card with a
fixed charge. Information for the best deals in town is readily available but
in the process of searching for one, make sure to read the fine print
carefully. Sometimes, certain fees or requirements are hidden in such size to
prevent the user from seeing it.
How To Get Your Hands on Them
Let’s say you just found the lowest rate credit card deal.
And you can’t wait to have it. But wait, reality check, do you have the
appropriate arsenal to obtain it? Think first before you act. Now there are
almost as many ways to get the lowest rate credit card as the number of best
deals there are but the most elementary and guaranteed of them all involves
fixing your credit assuming your
credit isn’t that exceptional as such is the case for many. There are quite a
number of credit card companies out there who are very much willing to lend you
money but having an undesirable credit rating will urge those companies to implement
higher rates on your credit.
Other Important Points to Remember
Having the lowest rate credit card is not an assurance that
you will be debt-free. At the end of the day, it will all boil down to personal
management. If you are wise enough, you can make something work to your benefit
by taking time to consider why you do such things. But if you are not, you
could make sudden choices without thinking resulting to deception and hardship
rather than benefits you thought you would have enjoyed. How do you go about
it? First, list down all your debts and reconcile accounts to determine your
current financial situation. Set up the percentage rates for every debt. Pay
the minimum for each account and allot excess for the one with the highest
rate. Once that debt is paid off, do the same for the next until all debts will
be erased in no time. Just like interest compounding, even a small adjustment
in the way you come up with your financial decisions can make a big impact. One
such impact would be having peace of mind, which needless to say is priceless.
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