Credit Cards!?
Answer:
I got a card through Amazon.com, you will benefit with 3% off every purchase from Amazon.com (Chase), they offered me 6 months of 0% interest on balance transfers. My limit is for 1,000, but if you only owe 1,000 and have good credit they might give you higher limit credit. Another Good choice is Discover (Novus) you always get1% cash back (after you have accumulated $20 in cash back credit) depending on what you choose you can double it up (by getting for example a gift card to the sharper image store) Also, from time to time they have 3% to 5% cash back offers for a 3 month period. (For expenses such as gasoline, tuition, apparel, restaurants, etc)
The best about this two Credit Cards is there is no annual fee and low Interest rate. It is your choice. Do your research first.
i have the same problem too, i hope to find the answer soon. =) thanks for the 2 points!! have a nice day!
how about just pay it off and not get another credit card EVER!! they are of the devil.
I would try to pay down the balance before you transfer the balance. It sounds good to be able to just transfer your debts from one card to another (with lower interest) but as far as your credit score and credit report its not a good idea.
The key is to pay off the credit card. I know it is not what you want to hear but it is what you need to do.
You can transfer the balance to another credit card but that doesn't solve to problem.
You would be better off taking some part time extra work and put the entire paycheck onto this Credit Card.
Stop using the credit card because every purchase you make instantly gets charged a finance fee because you have a revolving balance.
1) Get a second card at 0% and transfer the balance to it.
2) Use the first card only for items you will pay off that month. This way you never get charged interest on this card.
3) Pay off the second card (with the balance) quickly.
$1,000 is not much. You should be able to pay it off very quickly. Pay $100+ a month and it will be gone within a year.
Either get a part time weekend job or cut out needless expenses from your budget, like coffee, soda, candy, ice cream, clothes, movies, etc.
You're right there alot. Go to www.cardratings.com. The site helps you compare offers.
I used to get miles as a reward, but I don't travel much, so I never used them. I signed up for a card that gives cash back as a reward and it wasn't Discover. You can get miles, cash, gas, etc as rewards.
There are all kinds of cards that allow a percentage of what you buy to act as a benefit in doing something else - I have a milesone card for travel, for example, that basically banks up miles that I can apply to any airfare ticket I purchase. There are a lot of other cards, though so it will depend a lot on your lifestyle and things that you want to buy or do, but could use a little extra help in obtaining. Narrow down that list to about three items then do comparison shopping to determine what company is giving you the best deal. You should NOT have to pay an annual fee for the card, for example - watch the interest rate and if they can dump it if you're ever late with a payment, and see who else they partner with to make your dream a reality.
Getting a new card is very dangerous and the quickest way to be $2,000 in debt instead of $1,000. My suggestion would be to call the credit card company and try and get them to drop your intrest rate. If you go to the Motley Fool website, www.fool.com they have a bunch of tips on how to do this. Your first priority should be paying off the debt as soon as possible. I wish I did.
If you are paying $20 on $1000 your interest is pretty high and if you had "great" credit - you would have gotten a better interest rate to begin with, don't you think?
Remember every time you apply for credit your FICO (credit) score goes down .. which isn't good.
First off, I'd get your credit score from myfico.com
and then go to bankrate.com to look for cards.
Go to the Smart Money website. They off a really cool search engine.
By the way, I thought I had excellent credit because my scores were over 700, but a couple of the companies also want to see a current card with a minimum limit of $10,000. My highest limit is only $8,800, so I wouldn't qualify for their Platinum Card.
Honestly,
your best bet would be to go to citi bank,
http://www.citi.com
they have GREAT cards for balance transfers,
and most of thier cards have 0% intrest on Balance Transfers AND Purchases, the best part, you also earn rewards, almost every card citi has, gives you bonus points where you can get a $100 gift card when you get a credit card with them.
hope i helped. if not, sorry.
Good Luck.!
If you just have $1000 charged on it, get an additional source of income, such as a PT job and take all of your earnings and apply it to the balance on your credit card. I think that will be easier and save you money in the future. Otherwise, you might start charging both cards and end up in more credit card debt. What would you do then, get a 3rd card to transfer your balances to? You should pay as much of the balance as you can each month (more than the minimum). The credit card company wishes that everyone would just pay the minimum balance,because they will make a lot of money in interest, but it's in your best interest to pay all of it off ASAP.
Here are some useful sites:
http://www.0-apr-creditcards.com/.
http://www.bestcreditrates.net/.
Looks like CitiBank & Chase offer the most options. Good luck!
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