"In films murders are always very clean. I show how difficult it is and what a messy thing it is to kill a man."Alfred Hitchcock
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Bad Credit Credit Card - How To Increase Your Credit Score With Credit Cards
Credit cards are often the first step for a consumer to build their credit score. When you make regular payments with a small credit limit, lenders will be more willing to lend you larger amounts. Before you jump out and open an account, make sure ...
Functioning of credit cards
According to find.co.uk,credit cards form the base of many businesses theses days. It has been proved by researchers that people trend to do spend more if business holder is providing facility of credit cards acceptance. There are five parties to a ...
Fun with Credit Cards
For those of us who know how to use them properly, credit cards can actually be quite fun and lucrative. To those who do not know how to use them properly, I would say that you should stop reading this column right about now, or at least I would advise ...
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You probably see a lot of credit card offers on a daily basis whether it's on television, the internet, a magazine or in the mail. In the advertisement, you probably see or hear APR mentioned several times in the form of Introductory APR, Standard APR, Cash Advance APR, Balance Transfer APR and Default APR. The difference between these APRs might be confusing at first but they are pretty simple to understand.
Introductory APR refers to the initial interest rate you receive for purchases on the credit card when you first get it. This Introductory APR is usually really low (around 0%) and lasts between 6 and 12 months.
Standard APR is the interest rate the credit card goes up to after the Introductory APR period is over.
Cash Advance APR is the interest rate you receive for cash advances.
Balance Transfer APR is the interest rate you receive for any credit card balances you transfer over to your new credit card. As a side note, if you have a high interest rate credit card and the new credit card company offers the Introductory APR for balance transfers, transfer your balance to the new credit card if you can pay the balance off within the Introductory APR period.
Default APR is the interest rate your card goes up to if you are late on payments or go over your credit limit.
About the author:
Find personal credit cards and business credit cards that offer rewards, a low introductory rate on balance transfers and cash back. More credit card offers can be found at TheCreditCardOffer.com.
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