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					Title: The Best Credit Card Offers

Word Count: 579

Summary: Credit cards had been one of the most widely used forms of paying various
types of bills. This may range from regular purchases, to bills payment transactions in
large amounts.

This is different from debit cards in the sense that the former may purchase in its behalf
even if the owner does not have a corresponding amount credited to the card.

Generally, the issuer of the card provides a credit limit. The predetermined amount is the
maximum allowable transaction to be ma...


Keywords: credit card, apply for a credit card, credit card offer


Article Body: Credit cards had been one of the most widely used forms of paying various
types of bills. This may range from regular purchases, to bills payment transactions in
large amounts.

This is different from debit cards in the sense that the former may purchase in its behalf
even if the owner does not have a corresponding amount credited to the card.

Generally, the issuer of the card provides a credit limit. The predetermined amount is the
maximum allowable transaction to be made by the consumer or owner of the card.

Credit card companies compete for the fast growing market by offering various
promotional strategies such as the following:

1. Interest rates

Credit card companies try to offer the lowest possible interest rate per payment due. Said
interest rate may range from 1.2% up to 5%.

2. Minimum amount due

Every month, the credit card company has a predetermined percentage of amount due
based from the current charges or purchased made by the owner of the card.

Failure to pay the said minimum due would result to additional charges on the part of the
owner/consumer.

3. Waiving of dues
The usual practice had been that of waiving the first of the cards' annual dues.

Other offers had been cutting off one or two billing periods without any additional
charges if the consumer did not pay for the period covered by the promotional
advertisement.

Should the consumer pay the whole amount charged to the card before its billing period,
the interest due from the balance is likewise waived

4. Extension card

Supplemental cards are usually offered for the cardholder to enable them to extend the
use of the card for any family member (or friend) to whom they would want to grant
access to its use.

5. Balance transfers

Most credit card companies offer a very low interest rate charging for any balance
transferred to their card from that of another one.

The catch is to encourage consumers to transfer all the balance charges from their current
card to their very own card company.

Payments are arranged on a predetermined period of time. The disadvantage of this is that
if the consumer decides to pay the whole balance earlier than the stated date, no rebates
would be granted.

Consumers that are not wary of their purchases may find themselves in immense debt if
payments are foregone or if the individual makes purchases more than he or she is
capable of paying at the end of the billing period.

Missed payments would result to finance charges that would be added on top of the
month's interest charges. Thus resulting to higher charges.

It has been said that the rampart use of the credit card system had resulted to the Great
Depression of the 1920's.

The rise of the automobiles during this period resulted to a great increase in the demand
for fuel. To accommodate the large purchases, fuel companies accepted credit payments
so as not to loose transactions to their competitors.

And the rest, as they say, is history.

Still, if the individual is wary and cautious when making purchases using a credit card,
one may find that he or she may use it for his or her own convenience.
Below are some of the advantages of using a credit card:

1. Low risk of loosing cash.

Large purchases may be made without having to carry the money around.

2. Readily available

Emergency purchases, such as that of medicines, may immediately be accommodated at
any store that accepts credit payment.

				
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Marijan Stefanovic Marijan Stefanovic Digital Imagery http://proart-13.blogspot.com/
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