Rebuilding Credit History
The recent study of over 350,000 card users found that a vast majority of people using low-limit plastics improved their score rating. According to the study, 35% of cardholders using plastics for limited history managed to improve their scores within a two-year period. Meantime, over 60% of users fixed their scores and were awarded with better terms like higher spending limits and lower interest rates.
It's not news that a cardholder who has just started using plastics and whose score is relatively low can find a card for his/her needs. Fortunately enough, there are several companies out there which can offer specially-designed products for subprime cardholders. Learn more about this!
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Credit Card Mailings
The volume of credit card direct mailings sent to customers continues to fall, according to the latest research held by Mintel Compremedia. To be more exact, the amount of direct mail fell 8% from the first quarter 2008.
It's worth saying that there has been a steady decline of direct mail volume since the third quarter of 2007 when it amounted to 1.86 billion. Now, the total volume of unsolicited offers sent to cardholders is 1.54 billion, i.e. a 17% decline since 2007.
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Let us be honest, for most of us choosing a new credit card is a time-consuming process. A man of indecision is the scene one can hardly find charming. First and foremost, you should determine the type of the card you would like to obtain, then you should choose the best rate. When it comes to interest rates, the amount of the rate is not the only concern of credit cardholders. The difference between variable and fixed interest rates is really significant. Now that the prime rate is extremely low, more and more people prefer obtain variable-rate cards. Let's take a closer look at fixed and variable credit rates and find out how they work.
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The season of summer vacations is fast approaching. So, it may be the right time for you to plan your vacation trip, plus learn some essential financial rules of the road. Traveling brings pleasure and joy, new experiences and all sorts of adventures. However, the last adventure a traveler wants to experience is the one dealing with a lost or stolen purse.
No matter where your trip takes you, to your friends' at the nearby state or to faraway lands, you should take certain precautions in order to avoid financial troubles when traveling.
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It would be great to apply for the card that requires no interests to be paid. Unfortunately, it's not possible. You will pay interests on a credit card, regardless of your credit history. The only difference here is how much you will pay.
Though there are no such plastics in the US, many issuers offer 0% APR for a specified period of time. The length of the introductory period ranges from six months to twelve or fifteen months. Anyway, you've got enough time to benefit from interest-free period and save a round sum of money in interests. Learn how to make the most of the cards with 0% introductory interest rates.
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± The Rate and Term Length are subject to change. Please see Terms and Conditions for actual Rate and Term Length.