Credit Card Data
Credit Card Data
Helping You Find The Right Credit Card
Copyright © 2006
by Atomic Kickstart
All Rights reserved
by Atomic Kickstart
All Rights reserved
Which Type Of Credit Card Is Right For You
Never give out details of your credit card unless there is a good reason to do so.
If somebody phones and says they are from your credit card company tell them you will phone them back and use the phone number from your credit card statement not a number they might give you.
If they say they can't answer you on that number then that is their problem. They should be able to.
Fraudsters do ring people and ask them to confirm their details which enables the fraudsters to hijack your acount.
If somebody phones and says they are from your credit card company tell them you will phone them back and use the phone number from your credit card statement not a number they might give you.
If they say they can't answer you on that number then that is their problem. They should be able to.
Fraudsters do ring people and ask them to confirm their details which enables the fraudsters to hijack your acount.
Never reply to emails asking you to confirm your password or any other details with your bank or credit card company.
These will almost certainly be fraudulant emails attempting to get your personal information so the fraudsters can use your card or bank details to obtain money or goods.
You should be protected for fraud by your bank or credit card company but if you give away your secret information they might consider you at least partially liable.
These will almost certainly be fraudulant emails attempting to get your personal information so the fraudsters can use your card or bank details to obtain money or goods.
You should be protected for fraud by your bank or credit card company but if you give away your secret information they might consider you at least partially liable.
Credit Card Tips
Reducing The Cost - Your Choices
We cannot cover every permutation of cards here. The following is broadly correct but may not match your specific case or every credit card. It does, however, give you the general principles.
There are basically three types of credit card offers.
A) Zero % Interest for x months either for purchases or for balance transfers.
B) Cashback (or rewards) Credit Cards
C) Low standard Interest Rate Credit Cards
Each is suitable for different people for various reasons so you need to establish what type of credit card user you are.
There is another possibility. You can have two different credit cards. One for using for purchases and the other to make use of their special offer.
Users can be of several different types:-
1) Pay off in Full each month.
2) Make partial payments each month and use the credit card to buy products or services.
3) Make partial payments but don't use the card for any purchases now.
4) Make minimum payments but don't use the card now.
5) Make minimum payments and continue using the credit card for purchases.
If you fall into the category 1 type then you should be looking at a Type B credit cards with rewards as either cashback or some sort of points earning scheme. There is no point in having 0% interest as you won't benefit.You should, however, make sure you are not paying an annual fee for the card.
If you are a category 2 type then you should be looking to reduce your interest payments. You would probably be best off with two different credit cards. Get one that is 0% interest for balance transfers and transfer as much of your balance as you can onto that. Then look for a low interest rate for purchases card. Get that and use that one for new purchases. Do Not use the interest free one as you will probably pay interest on purchases. If you can get one that is 0% for purchases for several months then use the savings to pay off as much as possible when the 0% period ends.
If you are a category 3 type then you should get a Type A, 0% interest for balance transfers credit card. Ideally use the extra savings to pay off more of the balance so that you will pay less interest when the 0% period finishes.
Type 4 people should be trying to pay more than the minimum to reduce their debt as minimum payments can mean it takes up to 30 years to pay off your debt and you pay a lot of interest. You should try to get a 0% interest credit card for balance transfers and pay as much as possible each month once the interest free period finishes. After the interest free period has run out it may be worth considering another 0% credit card or a consolidation loan at a low rate of interest but if you do this you must avoid adding new debt onto the credit card.
If you are a Type 5 person then you should consider getting two different credit cards. One 0% interest for balance transfers and one for 0% (or low rate) for purchases. You may well be developing problems for the future and you should look carefully at your spending habits and budgeting plans. If you can afford to pay more then you should do so. If you can't afford more then consider a consolidation loan but keep a very close eye on your budgeting and avoid un-necessary expense and try to avoid using your credit card.
For more information on this subject visit www.moneywell.co.uk
We cannot cover every permutation of cards here. The following is broadly correct but may not match your specific case or every credit card. It does, however, give you the general principles.
There are basically three types of credit card offers.
A) Zero % Interest for x months either for purchases or for balance transfers.
B) Cashback (or rewards) Credit Cards
C) Low standard Interest Rate Credit Cards
Each is suitable for different people for various reasons so you need to establish what type of credit card user you are.
There is another possibility. You can have two different credit cards. One for using for purchases and the other to make use of their special offer.
Users can be of several different types:-
1) Pay off in Full each month.
2) Make partial payments each month and use the credit card to buy products or services.
3) Make partial payments but don't use the card for any purchases now.
4) Make minimum payments but don't use the card now.
5) Make minimum payments and continue using the credit card for purchases.
If you fall into the category 1 type then you should be looking at a Type B credit cards with rewards as either cashback or some sort of points earning scheme. There is no point in having 0% interest as you won't benefit.You should, however, make sure you are not paying an annual fee for the card.
If you are a category 2 type then you should be looking to reduce your interest payments. You would probably be best off with two different credit cards. Get one that is 0% interest for balance transfers and transfer as much of your balance as you can onto that. Then look for a low interest rate for purchases card. Get that and use that one for new purchases. Do Not use the interest free one as you will probably pay interest on purchases. If you can get one that is 0% for purchases for several months then use the savings to pay off as much as possible when the 0% period ends.
If you are a category 3 type then you should get a Type A, 0% interest for balance transfers credit card. Ideally use the extra savings to pay off more of the balance so that you will pay less interest when the 0% period finishes.
Type 4 people should be trying to pay more than the minimum to reduce their debt as minimum payments can mean it takes up to 30 years to pay off your debt and you pay a lot of interest. You should try to get a 0% interest credit card for balance transfers and pay as much as possible each month once the interest free period finishes. After the interest free period has run out it may be worth considering another 0% credit card or a consolidation loan at a low rate of interest but if you do this you must avoid adding new debt onto the credit card.
If you are a Type 5 person then you should consider getting two different credit cards. One 0% interest for balance transfers and one for 0% (or low rate) for purchases. You may well be developing problems for the future and you should look carefully at your spending habits and budgeting plans. If you can afford to pay more then you should do so. If you can't afford more then consider a consolidation loan but keep a very close eye on your budgeting and avoid un-necessary expense and try to avoid using your credit card.
For more information on this subject visit www.moneywell.co.uk
Credit Card Tips