Answers
I have some debt on my zero APR credit card not much, and I am getting a lot of 0 APR card offers, I am thinking of transfer my balance from my card to a new 0 APR credit card. My score is i believe somewhere around 750-800. How will it effect to get a new card?
My 0%APR period is expiring soon, I can close the account by paying it, but it does not affect my score too much I can move to another offer.
You credit score will be minutely affected by getting a new card. Because your score is so strong...it can only help to shop around for a better deal in regards to the credit available. A 0% APR is pretty darn good if you ask me.
But thats not the only thing that makes a card. With credit like yours, you may want to get a card that offers cash back...or other rewards.
And I would personally like to know your secret. I'm 20 and my score is pretty good...650. You have my dream...or better yet my goal score. Thats awesome.
www.credit-card-transfers.com 0 APR credit cards forever. Free service allows you to 0 interest credit for years to come. Don't be a dinosaur ...
I already have a 0 apr credit card with no annual fees and 0 balance transfers. Now I heard about travel reward card and want to apply for it.For getting a new travel reward credit card, Can I use my existing 0 apr credit card?
You would have to ask someone at the credit card company if you are able to have the benefits of both types of cards. The answer is probably "no", but it doesn't hurt to ask.
My current 0% card is due to expire in February. I need to transfer my balance to avoid finance charges. I'm looking for a bank that may be offering balance transfers. Thanks for the help.
Yes, ING, Bank of America, Well's Fargo, etc... it just depends on your credit. If I received a 0% card from a financial institution it does not mean that everyone will. They pre-approve certain people. But I recently did receive from the banks listed (not well's fargo though). Good luck with that. Call around instead of posting on here, it would probably be quicker and more beneficial to your particular needs of the credit card.
If you apply for a credit card and use cash advance option to utilize 0% APR option for given time will that be posted to you credit history like a trade line means if its treated as loan. Infact now i only have 2 lines of credit i.e. 2 credit cards and trying to build more history but at the same time i would like to avoid more credit cards.
Sorry its not cash advance but 0% APR.
I mean here not cash advance but 0% purchase APR.
You may be paying 0% apr, but cash advances cost money. They aren't free. Why do you want to take a cash advance? Unless you are in a bind of some sort, don't do this because you think it will boost your credit score. You have to pay a percentage of that cash advance as a fee! LOL
This could be easy and obvious, but if I don't pay a cent until my 6 months is up, will I be taking any sort of credit hit?
Also, I want to build my credit, would paying off the card every month help to establish good credit? Or does it not matter if I have 0%APR for 6 months?
Thanks
The 0% APR is a teaser rate for you to feel good about maxing out the card, then paying interest free for ONLY those six months. Your credit will take an inquiry (hard) hit for one. Also, ALWAYS pay off credit balances in full and on time and your FICO score will rise over time.
Capital One introduces new credit card range
The Capital One Premium Plus credit card, for example, offers 0% on purchases until April 1st 2010. The balance transfer rate on the card is just 6.9% per annum fixed rate until January 1st 2012.
This card is ideal for those with a perfect credit history. The typical variable rate on the card is 15.9% APR.
For those looking to build or rebuild their credit history, there is the Capital One Classic credit card. This offers a low, easy-to-manage credit limit from £100, which could increase after four months.
Users of this card can also register for email alerts to help them stay in control of their finances. The rate on the Capital One Classic credit card is 34.9% APR typical variable.
What You Must Know About 0 APR Credit Card Offers | All U Can Find ...
But, pay your attention here. 0% often doesn’t mean you do not pay anything. Be careful to read clearly the fine print.
You should follow the conditions. And 0% APR credit card offer have typically conditions. If you don’t follow it conditions you could end up paying very high interest rate.
Even so, this is following the advantages that you can use 0% credit offer Credit cards that offer 0% on purchases usually mean any NEW purchases. The 0% offer lasts anywhere between 3 months to 12 months. Moreover, while some cards are “no interest, no payment,” where the customers do not have to pay a minimum payment every month, most cards require customers to make a minimum payment every month in order to maintain the 0%. Thus, it is essential that you pay the minimum balance each month, or your interest can suddenly jump to a very high rate. 4. 0 on balance transfers
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