Low Interest Credit Cards

There are mixed opinions when it comes to paying a loan off early, but the good seems to outweigh the bad.

There are a few ways to pay off a loan before the length of a loan has run out. You can make larger monthly payments, pay a large lump sum, or make additional payments throughout a monthly period. Any of these tactics will work well, and the extra money you pay will help decrease the overall loan amount.

The question then becomes: How do these payment strategies work for different loan types?

Paying an Auto Loan Quickly

Most people make monthly auto loan payments. Attempting to pay an auto loan off before the end of the agreed terms, or completing an auto loan refinance in exchange for a shorter term, not only helps your credit score, but will save you money in the long run.

The interest that you pay on a monthly loan can add up. When you increase your monthly payments or pay off a loan in its entirety, that interest no longer accumulates.

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Q: After several attempt for credit cards and being denied, what is the best type of secured card? I have debit cards and do well but a credit card is needed for car rental. What do you suggest?

A: While it’s hard to say the best card for your personal situation (since everybody’s card use is different), the Capital One Secured MasterCard is a good option if you’re not planning on carrying a balance. From your question, it sounds like you aren’t. If you just want to use your card for things like car rentals and hotel rooms, this is a good card for you. It can also help you rebuild your credit, since it reports to the three credit bureaus. This is essential in a secured card if you want to raise your credit score.

The reason the Capital One Secured card is bad for those who don’t pay off their balances every month is because of the extremely high interest rate. The current rate is 22.9%, although it varies with the market rate. Those who

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Life isn’t easy for credit card companies today. They have to offer more discounts, lower interest rates and more valuable rewards programs just to attract new clients. The economy remains sluggish, with the national unemployment rate at a too-high 9.2 percent in June. Consumers, worried about their own jobs, are looking for bargains wherever they can find them.

The officials at Household Bank obviously know this. It’s why they’re offering their Household Bank Rewards MasterCard with both a generous cash-back offer and a 0 percent introductory interest rate.

However, if you rarely pay your credit card balances in full each month, the Household Bank Rewards MasterCard comes with a purchase interest rate — once its introductory rate expires — that is sky-high.

Cash-Back Offer

On the plus side, the Household Bank Rewards MasterCard will provide you with 2 percent cash back on every purchase you make with it. This is a

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American Express is embracing social media with both arms. In addition to its recently revealed partnership with FourSquare, Amex is now rolling out a new Facebook application that promises to offer cardmembers deals based upon their profile information.

Anticipated to be a competitor to daily deal sites like Groupon and LivingSocial, one advantage to Amex’s new application is that consumers will not need to pay anything upfront in order to get in on the deals. Instead, cardmembers can sign up by enabling the “Link, Like, Love” app from American Express’s facebook page and linking their American Express credit card to the program. When cardmembers then access the app, they’ll be connected to a personalized dashboard containing deals, content and experiences based on both their own Facebook likes and interests, as well as those of their friends. Cardmembers can then select the deals that interest them. As consum

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The blog lately has been spreading a lot of credit union love. And now I’m here to spread a little bank love. I think everyone should choose the financial institution that’s right for them. Here are five reasons why I’m sticking with my big bank and not jumping on the credit union bandwagon:

1. Location, Location, Location

One of the main reasons I picked my bank is that it’s accessible in any part of the country. When I graduated from college in my home state, I knew I’d be attending graduate school out of state. And I hadn’t a clue where I’d be going after that. It made the most sense to begin banking with an institution that would be available all over the country. My bank has 5,900 banking centers and 18,000 ATMs nationwide, so I’m all set whether I’m at home or traveling.

2. Open Membership

Unlike credit unions, banks don’t require that you fulfill certain membership prerequisites to join. You’ll likely be re

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