Getting an extra credit card can often seem like a natural extension of one’s current credit card spending habits. After all, if there are more credit cards available, then there’s greater access to the incentives provided by credit card companies, as well as a higher credit limit. However, certain things should be considered.
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Things to consider before getting extra credit cards
Thursday, August 19th, 2010Juggling credit cards from different banks
Tuesday, July 20th, 2010Many banks offer credit cards and it can be very common to have different credit cards from different banks in order to get the best deals. This can be a very good strategy for getting the best credit cards on offer, but dealing with these credit cards all at once can be slightly more complicated than dealing with a number of financial products from the same provider.
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Why credit card issuers offer cards at unprofitable interest
Sunday, May 30th, 2010Some credit cards offer very low interest rates on which they can not hope to make a profit. Card holders can take advantage of this, although it is important that they understand why they do this. (more…)
Why should I choose a no annual fee credit card?
Friday, May 14th, 2010A no annual fee credit card is a credit card that does not charge an administrative fee. These credit cards can save a large amount of money for some people. However a credit card user should be aware of the type of card user that no annual fee credit cards will help, and whether they are that type of credit card user. Credit card users should also be more aware of the small print in a no annual fee credit card than they would be with other credit cards. (more…)
The Citibank Clear Credit Card
Tuesday, May 11th, 2010The Citibank Clear Card markets itself as a low cost yet relatively easy to understand card with a clear charging structure.
The card has a tiered interest structure. This means that for higher amounts of money that are borrowed then the rate will go down. The highest rate is charged at monthly expenditure of up to $250, and the credit card interest rate goes up first at $750, then at $1,500 and then the lowest rate of all is charged at $3,000. The rate of the first $250 is actually a reasonably low interest rate compared to other credit cards.
This means that a person who puts all their daily purchases and expenses on to the Citibank Clear Card will have a very low interest rate. (more…)
