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Totally free $15
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WINNING THE CREDIT-CARD GAME and *Some banks are eliminating the standard 25 or 30-day grace period within *which you may pay your bill within being charged interest. This is the normal *grace period before interest kicks in. But this is slowly changing. For *example, some banks are offering extremely low fixed rates, but without a *grace period. These cards will charge you interest from the date it processes *your charge slip. and *If you usally pay your bills in full within the normal grace period, it is *best you avoid no-grace-period cards. The 25 or 30-day garce period is more *financially significant for you than a lower interest rate. However, if you *carry a balance each month, you're better off with a lower interest rate. In *this case, a lower interest rate can save you more money than a grace period *would. and *Most banks and thrifts charge interest from the day they process your charge *slip when you use your card to get cash. In addition to this, some cards are *now assessing cash advanced service charges based on a percentage of the *amount received. It used to be that service charges were based on a fixed *fee, regardless of the amount of transaction. and *If you avoid interest charges by paying off your bill each month, seek out *a card that offer very low interest rates plus a grace period on purchases. *Some institutions periodically offer cards with no fee for the first year as *a promotion. and *Don't be lulled into getting "premium" credit cards such as "goldcards" and *Premier VISA. The only significant premium with these cards is the extra *amount you pay in higher annual service fees. Besides the fancy finish of *the card, the only other benefits you get with premium cards are travel *insurance and the extra protection if your card is lost or stolen. Since by *law, you are only liable for up to $50 if your regular credit cards are lost *or stolen, the zero liability you are getting from premium cards is hardly *worth the extra money. and * and and |
