Low Interest Credit Cards

Credit cards are one of our great responsibilities in life. With credit history or not, they are always available.

For instance, with too high interest rates, consumers get a burdened too much that they need to consolidate. How? They just need to do a balance transfer to a low interest credit card. Other balance transfer cards offer zero interest rates for a certain period of time. That is a very tempting offer. Some may be thinking about it as free money. But here’s the catch: the zero percent is charged to the transferred credit. If you have transferred $10,000 credit to another credit card, you will be paying no interest for that. But if you bought an item worth, let’s say, $250 within the charge-free period, you will be getting a bill with an interest on it after the period ends.

Cash-reward credit cards look very enticing, too. With 5% cash-back, reward? Who wouldn’t want their money to come back? Just be careful, though. See their grace period, rewards rate and APR? Looke

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The Pentagon Federal Credit Union (PenFed) is doubling the reward points you can earn on everyday purchases during the first year anniversary celebration of their PenFed Premium Travel Rewards American Express® Card, now until December 31, 2010. The PenFed Premium Travel Rewards American Express Card offers exceptional earn rates, including 5x points on airfare, and, for a limited-time, 3x points on hotels and dining and double points on virtually all other purchases. There are no caps or limits on the number of points cardholders can earn, and there are no foreign transaction fees.

Cash-back credit cards are often found with strings attached. Today, they said you’d be getting 5% of your spending, but the next month, you’ll be getting just 3%. You can end up in this pitfall if you don’t check out the details of the cards which are written in the fine print of your credit card. Credit card companies reserve the right to change their terms without prior notice. This is why you cannot really complain about the changes. What you really need to is to prepare.

Credit cards have variety of kinds but they all share ideal criteria: low interest rate, high credit limits and reasonable due dates. Credit card comparison websites produce rankings, often putting those with the lowest interest or APRs (annual percentage rates) on the leader board. But if you look closer, putting other elements together with the rates, you would see that the real comparison should come from you. For instance, credit card A has a lower APR than Credit Card B. Credi

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Think you know everything there is about credit? Wells Fargo has joined the 8th annual American Bankers Association Education Foundation’s (ABAEF) national Get Smart About Credit Day, taking place Oct. 21, to stress to you the importance of how to responsibly use it. In doing so, Wells Fargo is making available to you its educational video series on credit and an online quiz (https//labs.wellsfargo.com/), where you can determine how much you know about credit. The videos feature Wells Fargo team members providing information ranging from how credit works to what lenders look for when reviewing credit applications. The videos include “Understanding Credit” and are available at the Wells Fargo “Smarter Credit Center” (https//www.wellsfargo.com/smarter_credit/index), “Financial Education Center” (https//www.wellsfargo.com/financial-education/index), and YouTube channel (http//www.youtube.com/user/wellsfargo).

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American Express is kicking off its ‘Travel with Your Mind’ philanthropic program for the second year in a row in the Twin Cities. Designed to help support schools in your neighborhood through a series of travel-themed beautification projects and multi-cultural initiatives in cities across the country, this latest American Express initiative is in conjunction with HandsOn Twin Cities to improve the Capitol Hill Magnet School as the “Travel with Your Mind” beneficiary, underway October 16. In doing so, with the help of Delta Air Lines employees, local parents, students, teachers and community members, American Express will paint globally-themed murals, landscape school grounds, and install woodchip barriers, bike racks and benches. Two additional projects are scheduled to take place at Capitol Hill Magnet School during the winter and spring, which will be announced in early 2011.

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