Home | Improve Credit | Bad Credit | Credit Scoring | Resources | Directory | Site Map 
Improve Your Credit Bad Credit Solutions Credit Scoring
ARTICLES

What Are Credit Card Rates

Credit card rates have always been an issue in applying for a credit card. These rates are what everyone should know before choosing a credit company from another. Shopping around for the best rates will give you the best deal.

For you to own a credit card, you should first know what are credit card rates? What is an APR? What are the different kinds of rates? Credit card rates are used to measure the interest of your credit card. It is used to know how much you would pay if you hold a balance on your account, if you have a cash advance or loan, and if you transferred a balance from other credit cards. The credit card rates are usually computed annually. 1) APR. The APR signifies the annual percentage rate of the interest.

The APR is used by the bank to know how much would be charged on your bill for a yearly basis. There are two kinds of APRs: * Fixed. This kind of APR is an interest rate which has been arranged by the bank.

The fixed APR would not be changed unless the bank or the credit card owner would amend the contract of agreement. Majority of credit card accounts that has fixed rates does not change often. * On-going.

This kind of APR is a kind of interest rate that could change even after the signing of contracts and the grace period. Note: Both the fixed and APR rates would depend on consistency of the bill payments, if you would request your APR to be changed either lower or higher and if certain government provisions was made regarding the annual rates of your credit card. * Special APRs. These kinds of annual rates would depend on the contract you have signed. If your terms specify a penalty APR when you would not be able to pay for your bills, this kind of rates would apply. 2) Interest rate.

* Fixed. A fixed interest basically means that your rate cannot be changed unless the bank informs you that there have been some changes in the policies. * Variable. A variable interest rate changes automatically whenever the basic rate of the bank increases or decreases. Note: Both the fixed and the variable rates could be changed by the bank anytime.

This means that any bank could alter the terms and conditions of your credit account for a fifteen-day notice.

More information about credit and credit cards is available at stooze online



Establishing Good Credit






Major Stock Picking Strategies - Efficient stock picking strategies are important for an investor in order to grow his/her personal wealth significantly.

Champion Manufactured Homes Some Of The Best Manufactured Homes You Can Get - Champion manufactured homes are some of the more popular homes available.

History of Charleston - In a picturesque setting nestled along the Carolina coastline, lies one of America's oldest and most beautiful cities.

Think Invest and Earn from Property Investment in India - India offers the perfect environment by providing maximum rewards to its investors.

Manufactured Homes For SaleWhy Are Manufactured Homes So Popular - Manufactured homes for sale are more popular these days.

more...
Brentwoodnews.com © Copyright 2017, All Rights Reserved.
Credit Scoring Bad Credit Solutions