Credit Card Advice

I have 5, possibly 7 credit cards I want to consolidate or get a loan to pay off. Can you give me a link to find the best card with the lowest interest & balance transfer? I'm looking at American Express, personal blue card. What do you think?

Top 5 Cash saving categories of American Express Credit Cards

1. Cash back credit cards
Want to earn cash as you spend? The Blue Cash from American Express® gives Up to 5% Cash Back with Unlimited Cash Rewards and offer to Earn unlimited cash back.

2. Credit Card with Cash Rebates
Amex Blue Cash for Business gives Up to 5% cash rebate, Platinum Business Cash Rebate Card from OPEN: The Small Business NetworkSM gives Up to 5% cash rebate on purchases and no cash back limit.

3. No Annual Fee Credit Cards
Platinum Business Cash Rebate Card from OPEN(SM) The Small Business Team gives No annual fee, The IN:NYC® Card from American Express also comes with No annual fee, Blue from American Express® has No Annual Fee with Low Balance Transfer APR - 4.99% Fixed APR for the life of the balance -- especially good if you want to transfer your balances. Rad more about it at: http://www.credit-card-gallery.com/artic le/208,Top_5_Cash_saving_categories_of_A merican_Express_Credit_Cards
and apply online for a best one.

2007-05-01 07:28:51 by daweeney

When dealing with credit cards, the best advice is that credit cards should not be used except for purchases that can be paid off within 30 to 45 ...

I need to transfer a balance to a 0% card, can you recommend a credit card with a great deal on transfers?

http://www.cardrewards.net/balance-trans fer-credit-cards.php offers the best balance transfer cards with 0% apr for up to 15 months. Most cards are about 12 months, and have platinum credit lines so you can transfer large amounts over and save on interest fees.

2007-12-03 20:24:50 by Kenny A

For all you financially successful people and/or financial failures could you please give me like 5 tips on staying afloat financially while still building a good credit score? I just received my first credit card today and would like to strategize correctly so I don't end up like my family.....not being able to do anything in life because they are in so much CC debt.

Well I don't recommend a credit card. lol. It's very easy to build up debt with a credit card. For college students banks offer a lot of programs so shop around. My bank offeres paperless checking account, e-saving account for students, and offeres a credit card for students. I would research this card b/c it should have some safe-guards so you don't have too much debt.

Anyways I should answer your question!

Tip 1: Pay yourself first! Take money out of your account to save FIRST before making the rest of your budget....

Tip 2: Make a budget. Record and track all your expenses.

Tip 3: Prioritize your goals and save for them. I shall provide a link.

Tip 4: Store cards is how I built my credit. However, this is also risky. Open your store card, make 1 purchase, pay in full, then close the card. Or keep your card open and make rare purchases....I have often found myself building some debt and then saving up and paying it off and not having as much entertainment and budgeting on food to be very careful w/ the debt.

Tip 5: Big credit builders are utlilies, car loans, student loans, and home loans are big credit builders. If you're in the market a small car loan is good...if you have income!! Also, if you're in an apartment that will help...even cell bill could be a way to build a little credit. So, it maybe a while before you get a "good" credit score...simply b/c you're not there yet.

Some debt is okay but, too much is not good. Here are some helpful links! In the first link you can learn to prioritize.

Second link is about credit card debt! and how to use your credit card the best!!!

Add--> If you don't have the money don't loan anyone anything. Your goals are important. Don't take cash loan from a credit card (so bad!!) and don't pay for things w/ a credit card for your family if you can't pay off the payment that month yourself (your family may say they'll do it that month but, better safe than sorry). I assume this also happened to your family and could have helped put them in the hole.

Good luck!

2009-04-24 15:19:24 by Dan P

Price: $25.00 $25.00

Hi,

I have been advised that one way of making my credit score/rating better is to get credit cards.

I was going to apply and then when the cards come cut them up as I dont want to be using them. I was just wondering if I never use the cards do I still have to pay a monthly fee or any payments???

The cards are with Halifax and HSBC.

Thanks.

Just make sure that they have no monthly fees, however getting them and never using them will not improve your credit score as lenders want to see how you handle credit...if you pay it back on time and whether you only ever make the minimum amounts etc...so you should buy one thing on each card before cutting them up

2009-02-06 05:21:00 by need2know

Advice besides don't do it lol.
I want the best card for a student with the best rates and whatever else I need to look for in a credit card.

ROFL @ the ppl saying 'Dont Do it'

WORST. ADVICE. EVER.

... and then they quote personal experience?

So their inability to control spending and lack of financial sense should reflect on you and your decisions? ROFL


Now for a serious answer: Look to open a small balance credit card. It is highly unlikely you will get a preferred rate because of your lack of credit history ... anything around 17-20% is pretty much standard and should be expected. With which bank? Ideally the bank you do your regular banking with ... why? Because they want to further their relationship with you in hopes you will continue to bring them business when you want a car loan, a student loan, or a mortgage when you graduate.

Another tip - start small. $500 - $1000 Cards are standard. Sometimes they want them to be secured ... meaning you front the money up front, lets say $500, and they hold on to it for a certain amt of time while you have the $500 CC ... its their security in case you default.

Oh ... and you have a job, right? I have to ask because if you don't have any confirmable income (and they will ask for proof of income from pay stubs) then what will you pay this off with?

And that is pretty much that ... good luck ... and just remember that this will be a test of your financial sense, and a NECESSARY ONE. Now is the perfect time to start building your credit (the PRIMARY REASON why you want to get a small balance credit card at an early age and pay it off clean).

2009-02-28 20:15:34 by Love everyone