Low Interest Credit Cards

New research from Sainsburys Finance reveals that 1.9 million people are planning to take out new credit cards over the next 12 months because the interest free period on their balance transfers has expired.  A further 867,000 people intend to do this because the same has happened on their purchases.

Analysis of industry data by Sainsburys Credit Cards reveals that the typical balance transfer APR on cards offering interest free periods rises to 18.2% APR once these expire.  Similarly, the average typical interest rate for cards offering an introductory 0% interest rate on purchases is 18.0% APR.

The Sainsburys Credit Card offers Sainsburys shoppers with a Nectar card 0% APR for the first 12 months on all their shopping and balance transfers (3% BT fee).  The card has a typical APR Representative of 16.9% on purchases once the interest free period expires.

Stuart McKeggie, Head of Sainsburys Credit Cards said:  “In total 7.9 million people told us they plan to take out a new credit card between October and September 2012, and 32% of these said it is because of their interest free periods ending on their existing cards.  This is still clearly the main reason for taking out a new card, and for those that want to spread their costs, it can be a sensible financial planning option.

“Our Sainsburys Credit Card offers a very attractive interest free period on both balance transfers and purchases.”

In terms of where most of the new credit cards being taken out over the next 12 months as a result of interest free periods ending, half of those taking out a new card in the North East (49%) will do so because of this, 35% of those taking out a new card in the East Midlands will do so, and 40% of those in the South East.

Credit rating free is possible in UK. Yes, this statement is absolutely true and you can get free credit score. Many online companies and financial institutions have come in market and they all are offering free services to consumers. You can also get the free score from leading credit bureaus of UK, like Experian, Equifax and Trans Union. However, they only provide free credit report once in a year. It is impossible for you to pay every time for credit report to keep close eye on it.

Online companies have made this procedure quiet easy and simple for you. Credit rating free is available online and you are not required to provide highly sensitive information. By providing few basic details, like name, address, date of birth, email address, employment details etc. These web portals calculate every detail quickly and provide you accurate score within few minutes. The accuracy level is very high here and you can expect accuracy up to 90-95%.

Yes, it is absolutely true. Now, UK residents can avail free credit report without any problem and keep a close eye on their credit status. It is also a most expensive asset for an individual because it determines your credit status as well as determines your credit worthiness. This report also helps you to get loan, mortgage, credit card and even job. Generally, people search for these reports to check their mistakes and current status.

Free credit report is a great way to improve credit score. Report helps people to know their financial mistakes and by correcting those details they can easily achieve good score. And don’t forget effective management of your credit score can save your large chunk of money. Whenever UK citizens apply for finance or credit cards your score or report is checked by lenders and banks.

Such score help them to decide whether you deserve a loan amount or not. E

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With the introduction of the Chase Freedom credit card and the Chase Ultimate Rewards and Chase RealCash debit cards, Chase offers some generous debit rewards card programs. From now until October 1, Chase debit card customers get $20 in cash, deposited direct into their Chase checking account when they pay three or more bills (of $50 or more) with any Chase debit card.

How This Program Works:

To earn $20 cash when you use your Chase debit card (all Chase debit cards qualify for this program, not just rewards debit cards), first enroll your card in the program. You can speak to a Chase banker to enroll, or click the “enroll” option when it appears when you use your card at a Chase ATM machine.

Then, pay three of your bills for one or more of the following categories with your Chase card by October 1, 2010.

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“Free credit reports” many credit bureaus through ads and promotions promise to provide and have the customer pay for something that is free. As the banners claim the report to be free, in reality not so.

Consumers pay for this report as they use the promotional ads they see. Some consumers are also misled into paying for various services or products in exchange for their credit report.

As per the Federal US laws it is mandatory for this credit report to be free and easily available to every individual. Abiding to this law a regulation was passed earlier last week, asking credit bureaus and other such companies promising free credit reports to no longer mislead consumers to believe that these have any connection to the actual free reports.

It is a wise option to look for one’s credit report as it is free and governed by the laws of the US government. It is

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