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If you think about it, the credit card is actually a great way to manage your finances and invest in things that you would have otherwise avoided. In fact, there is quite nothing like getting credit cards to help pay your bills on time and gradually repay your debt using your monthly salary as well as any additional income. However, the one thing that no one likes about credit cards is the interest. There aren’t too many people out there particularly excited about paying interest on top of an expense. Hence, how can you reduce the rate of interest credit cards?

Maintain A Good Credit Score

The main reason why companies charge such a hefty rate of interest is because they are unsure about how good you are with money. If you can establish that you are not a person to have a huge amount of debt and not do anything about it, then you would qualify for low interest credit cards. One way of going about this task would be to maintain a good credit score. There are a number of ways in which you can maintain a good credit score, and depending on what you are comfortable with, you should stick to that.

Avoid Building Debts

If you are a fan of paying very little amount of money back but at the same time would want to still use the credit card, then it is quite likely that you have high interest credit cards. This is something that you should change, and a way of going about it is learning to pay your dues on time, in full if possible. When credit companies notice that you are paying all your dues on time, they are going to charge you lower rate of interests. This is to again encourage you to spend more money, but you should know to do better than that.

Stick To One Lender

Nowadays, it is not uncommon for people to have multiple credit cards from a number of different places. Stick to a single place and try to procure credit cards for your family from this place alone. When you tend to involve too many institutions for the purpose of credit cards, if is quite likely that each person will be with a bunch of high interest cards. Avoid this, and encourage your near and dear ones to stick with the lender that you have been with for a long time. Loyalty always has its benefits.

Cumulatively, the above tactics can help in lowering your interest rate by quite a significant margin. Of course, you should keep in mind that you wouldn’t want to do something that could end up causing your interest to shoot up. Financial planning is a great way of keeping things in order and not exceeding your budgets. Remember that the credit card should only be used for necessary expenses, and ones that are critical for the time. The more you tend to use your compare credit cards, the better are your chances to alter your credit score. The only thing is to try and get the score in your direction.

If you have received one of these offers in the mail, you know how tempting they can be. They claim that you will pay no interest on any purchases or balance transfers in the first period of owning your card. But there are some things about these offers you need to know before you sign on the dotted line and let them pull your credit report

The 0 APR offer is for a limited time.

Most credit card companies that offer the 0 percent interest rate deal only offer it for a limited time. This means that you will pay 0 APR for six months, nine months, or up to a year. You need to check the fine print for this information and be careful to notice it when the time is up.

The 0 APR offer might not apply to everything you put on the card.

Many cards offer 0 APR on all balance transfers and any purchases made during the introductory 0 percent interest period. But some only offer the 0 APR on balance transfers, and you pay a very high interest rate on any purchases.

The 0 APR offer might be null and void if you are not on time with your payment.

Most of these credit card offers are contingent on your being an exemplary member. This means that you have to pay your minimum payment on time every month during the introductory period or else you automatically lose your nice 0 APR and move up to a rate that usually ranges from nineteen to twenty-one percent interest.

The 0 APR offer might carry a ridiculously high interest rate after the introductory period is over.

Again, the rate of interest for these cards after the 0 APR is over usually runs from nineteen to twenty-one percent.

The 0 APR credit card will not repair your credit.

Remember that consolidating your cards or transferring your loan balance will help you pay off the balance without interest, but it will not remove the damage already done to your credit.

so, what happens if you get tazed after you’ve been implanted? does it fry your chip??? or do you get double fried? (could be the makings of a new comic book hero – The RFID Avenger?) here’s a joke ^_^ knock knock who’s there? the gestapo. the gestapo who? ve vill ask zee questions here! ha ha ha ^_^ this is not a joke! ~ LEVER DOD – AS SKLAV! ~ ~ WE PREFER TO BE DEAD – THAN TO BECOME A SLAVE! ~ Dr. Katherine Albrecht; Patriot or Fearmonger? part 6 & 1/2 Q & A ~ part 6 & 1/2 of 6 sorry the quality sucks (turn it way up) i did the best i could with what i had ^_^ Thursday, March 13, 2008 at 7:00 PM UA College of Medicine Phoenix Biomedical Campus Phoenix, AZ 85004 Details 7:00 to 9:00 pm Katherine Albrecht (RFID & Consumer Privacy Expert) Jim Harper (Director of Information Policy Studies, Cato Institute) Noam Biale (Advocacy Coordinator, National ACLU Technology & Liberty Program) Virginia G. Piper Auditorium UA College of Medicine ? Phoenix Biomedical Campus 600 E. Van Buren Street Phoenix, AZ 85004-22308 in attendance; AZ Senator Karen S. Johnson ^_^ Dr. Katherine Albrecht Founder and Director, CASPIAN Consumer Privacy Host of “Uncovering the Truth” We the People Radio Network, MF 10AM-12PM EST Listen live: www.wtprn.com Archives mp3.wtprn.com Co-author of “SPYCHIPS: How Major Corporations and Government Plan to Track Your Every Move with RFID” www.spychips.com WEBSITES: Human Chipping: www.AntiChips.com RFID www.SpyChips.com Shopper Cards www.NoCards.org Bio online at …

If you haven’t already opted out I am sure that you have gotten one of those 0% credit card offers in the mail. Did you quickly fill out the form and then send it in, or faster still, call in and sign up that way? After all you didn’t want to miss that great offer! Well, I have one question for you – did you bother to read the fine print? Fortunately, these days the fine print is required to be a bit larger and more organized so that you can actually read and understand it.

Here are some of the things that you need to check before you apply for any credit card – in fact you should check the fine print on the cards you already have to see what you are paying!

I suggest you make an excel spread sheet that contains the items discussed below so that you can check them off and compare cards – that is the way to get the best deal for yourself. (If you don’t know what kind of credit card user you are make sure you read the previous article before you decide on the card you want to apply for.)
First, it is critical to find out how long those special offers are good for and what they change to at the end of that time. Next, find out what the finance charges are for purchases, balance transfers, cash advances, and any other special offers they may have. Are the rates variable or fixed? You should also find out the grace period. Make sure you know the type of balance calculation method – is it one or two cycle, and does that cycle include new purchases or not.

The last thing you need to find out is the various fees associated with this card. Remember the acronym – BLOATU . It is what the fees are designed to do – bloat your balance so that the credit card company makes more money. Did you know that there is no limit on the fees that credit card companies can charge?!
The most common fees are:

Balance transfer
Late fee
Over the limit fee
Annual fee
Transaction fee for cash advances
Usage fee

A lot of that information can be found in the offer you receive in the mail, but there are also some ‘hidden’ charges. Some of these are related to the balance on the card. There may be tiered rates. This happens when there are different finance charges for different levels of balances.

Since the start of the credit crisis and housing meltdown, most Americans aren’t receiving the number of credit card offers they once were, but they are still a common sight in most of our mailboxes.  One thing to keep in mind is that these offers are not acts of charity on behalf of the credit card companies.  They have only their best interests in mind.  You must be concerned with your own interests and carefully scrutinize any offer that you consider accepting.

Your first step is to decide what type of card is right for you.  All cards are not created equal and many offer perks in certain areas.  Obviously if you don’t have any interest in that area, then the perks will be wasted.  The companies depend on this fact.  On the other hand, if you are a frequent traveler and a card offers cash rewards for all tickets purchased with the card, that is something to consider.

Don’t be swayed by these so-called perks.  They are great if you use the card responsibly and pay  your balance each month.  But if you start accumulating interest and other charges, they quickly lose their benefit.

If your credit isn’t up to par, you can still take advantage of offers that allow you to place a security deposit.  These aren’t actually credit cards since you can only use what you have in your account, but they function like credit cards when it comes to establishing a good credit record.  After several months of paying your bill on time and showing responsible behavior, the company will most likely offer you a standard card.

Remember, it doesn’t matter how great a credit card’s perks if you incur fees by making late payments or going over the limit.  Doing this just once can often wipe out all the benefits you could expect for an entire year.  Don’t let your credit card balance get out of control.  It’s OK to carry a small balance and your credit score can often improve slightly if you do so, but keep is below 20% of your total credit.  For example, if you have two cards, each with a $2500 limit, you should never owe more than $1000 between the two at the end of the month.

As your credit score improves, the number of offers you receive will grow also.  You will see many cards offering you 0% interest for up to a year.  Many people jump at this offer, use the card to finance a vacation or a luxury purchase, fully intending to pay off the balance before the interest begins to accumulate, only to find at the end of the grace period that they weren’t able to do so.  Suddenly the high interest rate kicks in and they fall further behind in their plan.  This often leads them to take another offer to transfer the balance.  Each time they do this they damage their credit.  Eventually the offers quit coming and they are left with the bill.

Capitalize on your Card

If you have a card that gives you rewards or perks, find a good way to keep track of them and don’t let them go to waste.  Make the credit card companies honor their offers and get what you deserve.