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1. Why should I own a credit card?
2.
Are credit cards safer than cash?
3. Is
it safe to apply for a credit card online?
4.
Can I get a credit card if my credit is damaged?
5.
What is APR (Annual Percentage Rate)?
6.
What does it mean if a credit card is unsecured or secured?
7. What is a grace period?
8.
What is a minimum payment?
9. Should I
get a credit report?
10. What is a balance
transfer?
1. Why should
I own a credit card?
There are many advantages to owning a credit card in addition
to the enormous convenience of being able to pay for all of
your purchases with one card. Since virtually all merchants
accept credit cards, you don't need to rely on cash to or a
bulky checkbook to make purchases. With a credit card, you have
instant purchasing power. You can purchase an item that you
really need or want and pay later. You need a credit card to
make online purchases as well as purchases over the phone. You
need a credit card to reserve hotel rooms and rental cars. Most
importantly, you need a credit card to establish your credit.
2. Are
credit cards safer than cash?
You can increase your personal safety by not carrying significant
amounts of cash. Credit cards are the perfect remedy for many
emergency situations, you never know when you may need to pay
- with a credit card you are always ready for transactions large
and small. Federal and state laws also provide a certain amount
of extra protection when you make a purchase with a credit card.
It is even possible to have purchases deleted from your bill
even if the merchant won't accept a return. If you lose your
credit card or your credit card is stolen, simply report it
to the credit card company and they will deactivate the card
so it can not be used. If you lose cash, it's gone.
3. Is it safe to apply for a
credit card online?
Yes it is 100% safe and secure. When you apply for a credit
card at CREDIT CARD FOR ME, you are linked directly to the credit
card company that you are applying to.
4. Can I get a credit card if
my credit is damaged?
Yes you can! There are many cards for individuals with less-than-perfect
credit. Find out and start building your credit
today.
5.
What is APR (Annual Percentage Rate)?
APR can either be "fixed" or "variable".
Fixed-rate APR's are usually a little higher, but you know exactly
how much you will be charged each month. A variable or floating
rate will fluctuate based on a published index. If you will
be carrying a balance, then you want a lower APR.
6. What does it mean if a credit
card is unsecured or secured?
If a credit card is unsecured, then the credit card does not
require a security deposit. Click here to apply
for an unsecured credit card Secured credit is designed
to establish credit for people with no credit or damaged credit.
A security deposit is required. Click here
to apply for a secured credit card
7. What
is a grace period?
A grace period is the time between the day a purchase is made
and the day when interest charges begin. For most cards, it
is 25 days from the date that the transaction is billed. That
means that the loan that you get is often free for nearly a
month.
8. What is a minimum payment?
Some credit card companies will set a higher minimum payment
if they are not sure whether you will be able to pay the balance.
The majority of credit card companies require the credit card
holder to pay a minimum payment of two-percent of the outstanding
balance on the credit card.
9. Should I get a credit report?
It is always a smart move to find out what your credit status
is. If there is an error or something that you have forgotten
about, you can fix it so it won't damage your credit in the
future. Even if your credit is good, your credit report will
tell you what creditors are seeing when they are considering
your application.
10. What is
a balance transfer?
If you currently have a credit card and you then get a new card,
you can transfer your balance from the old card to the new card.
If you transfer your credit card balance from one credit card
to another, you should advise the former credit card company
that you are switching cards by sending a signed letter advising
of the transfer of credit card balance along with your credit
card account information. Once you notify the new credit card
company, they may give you a special closing check that you
will use to pay off the balance at the old bank. The balance
will then appear on your statement for your new credit card.
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