How do I find a credit card that fits my needs... ?

Everyone is different and everyone has different needs. You are the only judge of what is right for you. If you don't carry monthly balances you might want to look at credit cards that offer you rewards in the form of products, travel and cash. If you carry balance on credit cards,  a low interest rate credit cards might be suitable for your needs. If you have a poor credit history, the only option you might have are secured credit cards. Read through the website and the following questions and answers to help you decide which credit card might be right for you--then apply for it online instantly!

Credit Cards FAQ Top

I have a good credit despite the fact that I carry monthly balances. Which credit card is best for me?

A no annual fee credit card that offers a combination of low long term interest rate and 0% or very low interest  introductory rate for balance transfer etc., might be ideal for your situation.  Apply online for low interest credit cards.

Credit Cards FAQ Top

I have had financial problems in the past and my credit is not all that perfect, can I still get a credit card or repair my credit ?

The answer is "yes". You can qualify for secured or stored value credit cards. Apply online for such credit cards here.

 

Credit Cards FAQ Top

I am a student and have no credit history. Can I still qualify for a credit card ?

Banks and financial institutions want to get you young. They offer credit card products for yougsters and students at very attractive terms. Apply for these credit cards online here.

 

Credit Cards FAQ Top

Is there a online resource that talks in detail about how to choose and use credit cards?

You can take the guess work out of finding your next credit card. Click here to get help. finding you a list of credit cards that are just right for you. Regardless of credit history, there may be a credit card for you. Also, Click here  to read about facts for the consumer.

Credit Cards FAQ Top

I am confused about credit card lingo. Can someone elaborate on what all those credit cards related terms mean?

Below are some common terms used in credit card agreements :

Annual Fee: A yearly fee that a credit card charges for using the card. Many cards charge no annual fee, but others such as American Express and those offering substantial reward programs may have such a fee. Annual fees may range widely....

APR (Annual Percentage Rate): This is your card's interest rate for a year. If you have a card with an APR of 16%, you will actually be charged a daily interest rate of .044% (16% divided by 365 days), as credit cards actually charge finance fees on a daily basis once you've gone past the grace period. The annual percentage rate is a bit easier to understand however, so use that as your reference when comparing cards. If you keep a balance on your card and do not pay it off, you will actually pay a bit more than the APR offered, because your balance will increase daily & thus the interest will go up.

Available Credit: Credit line minus the balance on your card. If you have a credit line of $5000 and have made $2000 worth of purchases, your available credit is $3000.

Balance Transfer:  It is an enticement to you as a new customer, the banks will often allow you to transfer your existing balance to the new card at an extremely low interest rate (sometimes as low as 0%) for a specified period of time. For example, if you are carrying a balance of $1000 on a card with an APR of 19.0% and you transfer that balance to a new card offering a transfer rate of 0% for six months, you could save yourself a large amount of money during that six-month period. The balance transfer rates are usually only temporary, and any balance that remains in your account after the intro period will then be charged at the card's normal APR.

Cash Advance: Allows you to use your credit card in an ATM to get cash immediately. Credit cards offer no grace period on cash advances, and the APR on a cash advance is generally much higher than the APR on purchases.

Cash Back or Reward Credit Cards: Credit cards that offer you some sort of reward for using them. Some cards offer you cash as a percentage of your purchases made with the card, usually a small amount topping out at 1%. Other cards offer incentives such as frequent flyer miles, or discounts on purchases based on your account activity.

Credit Line: How much you can charge to your card. If you have a credit line of $5000, you can buy $5000 worth of stuff. Your cash advance limit can be smaller than your overall credit line. If you exceed the credit limit, you can be charged over-the-limit fee!

Fixed Rate: Fixed rate is APR that will not change. If a card offers a fixed rate, you know that your rate will remain the same for the length of the credit card agreement (although terms could change in the future.) Contrast this with the Variable Rate definition below.

Grace Period: The length of time in which your new purchases will not be charged interest if you pay off your balance in full. If you buy something with your credit card today, then pay off your balance in full when the bill comes due, you will not be charged any interest. Many credit cards used to offer a 30-day grace period, but many have squeezed this down to 25 days--so pay off that balance if you can!

Secured Credit Card: Cards for people with a bad credit history or no credit history at all. Secured cards work basically as debit cards--you put money into an account and your purchases with the card are made against that money. There are also partially secured cards--for example, if you put $3000 into your account, your credit line may go up to $4500--and unsecured cards that do not require a deposit but charge high fees. Any type of secured card will charge you higher fees than a card for people with a good credit record, but it may be necessary to get this type of card if you don't qualify for other cards.

Variable Rate: An APR that changes as published interest rates change. Many credit cards with variable rates will use an APR calculation of (Prime Rate + card interest).

I Am Ready to Apply for Credit Cards Now !!

Credit Cards FAQ Top