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From Business Credit Cards Blog - www.businesscreditcards.cc/creditcards/bcc-blog.htm

Low interest doesn’t always mean what you’d think. Here are some tips for finding out if your low interest credit card is a good deal. You just got an offer in the mail for a low-interest credit card. That sounds great, right? Interest charges make debt pile up faster, so you’re inclined to jump on this credit offer right away.

Hold your horses, friend. Before you take the credit card company up on its offer, there are some things you need to know about low interest credit cards. They’re not all created equal, and even the phrase “low interest” can mean something very different depending on the company – or the type of charge.

When you get an offer for a credit card – any credit card – you should read the fine print before making a decision. Many companies will try and lure you in with offers of very low interest rates, or even no interest. But these rates don’t last forever. If you check out the card’s terms and conditions, you will almost always find that the really low interest rates are just part of an “introductory” period. These can last as little as three months or as long as fifteen, with six to twelve months being standard.

If you have some important purchases coming up, or if you want to transfer your debt from a high-interest card, then a low- or no-interest credit card could be a good choice for you. Pay off the balance in full before the introductory phase ends to take full advantage of the reduced rates.

Also check out the fine print to see which types of charges the low interest applies to. You might be paying 8% interest on purchases, but cash advances can spike that rate to 20% or higher. Balance transfers and over-the-limit purchases are also subject to higher interest rates. If you incur these types of charges very often, you’re better off with an average interest credit card that charges the same amount for cash advances as for purchases.

While you’re reading through the card’s terms and conditions, check out the policy on universal default. If the company participates in universal default, you should look elsewhere for your next card. Universal default means that any time you’re late on payments, your interest rate can be increased. And that increase isn’t just for late credit card payments. Your late utility bill or late car payment could affect the interest rate on your credit card. It’s best to avoid universal default.

Another factor to consider is the card’s grace period. A grace period is the amount of time you have between making a purchase and having that purchase start to accrue interest. The average length of a grace period is about 22 days, but some cards don’t even offer one anymore. Look for one that does.

Sometimes things sound like a good offer until you get into the details. Always educate yourself about a card’s terms before agreeing to become a card holder. Low interest is a great offer, but first you’ve got to determine if it’s for real.

This article has been provided by Creditor Web. At CreditorWeb.com you can compare over 100 credit cards from multiple banks and apply for credit cards online. Read more…

Credit Card Articles from CreditorWeb.com - www.creditorweb.com

With Earth Day rapidly approaching, we have a good excuse to review our green options when it comes to plastic (or corn, if you prefer). After all, even Leo DiCaprio has recently been touting a new HSBC green credit card for the Hong Kong market. What does it mean for a credit card […]

With Earth Day rapidly approaching, we have a good excuse to review our green options when it comes to plastic (or corn, if you prefer). After all, even Leo DiCaprio has recently been touting a new HSBC green credit card for the Hong Kong market. What does it mean for a credit card to be green? Well, the HSBC card is made from environmentally-friendly materials, requires the use of digital billing to cut down on paper waste, and donates a portion of each charge towards a local environmental protection project. While that card is not available in the US yet, there are a number of other green credit cards already here.

Green Credit Cards
Here’s a rundown:

• The Brighter Planet Visa
  Every $1,000 spent in purchases with the card earns 1,000 points that will fund an estimated 1 ton of carbon offsets. In addition, you’ll earn 1,000 bonus points with your first transaction and another 1,000 points for using paperless statements. Also, until December 2008, Bank of America will match each two base points earned with the contribution of another point, equivalent to a 50% bonus.
• World Asssets Visa Signature Card
  For every purchase made on the card, 10 cents will be donated to nonprofit groups like the Ocean Conservancy and Global Fund for Children. In addition, the card earns WorldPoints which can be used towards cash rewards, travel rewards and more.
• Salmon Nation Visa
  A percentage of the income derived from the Salmon Nation Visa program goes directly to Ecotrust, a conservation organization aiming to strengthen communities and the environment from Alaska to California.
• GE Earth Rewards Credit Card
  This card from GE Money allows you two rewards options: 1) You can choose to contribute either a full 1% of your net purchases to emission reduction projects or 2) 0.5% towards emission offsets and 0.5% cash back for yourself. On Earth Day each year you’ll receive a statement that shows how your reward was spent to help reduce greenhouse gas emissions.
• World Wildlife Fund Card
  1% of each purchase will go towards the World Wildlife Fund, an organization with a mission to save endangered species and protect endangered habitats. In addition, Chase will donate $50 for each new account opened online.
• GreenPay MasterCard
  For each net $1 spent on gasoline and household utilities, the GreenPay Rewards program will provide 10 pounds of carbon offsets. For each $1 spent on everything else, the program will provide 5 pounds of carbon offsets. In addition, 10,000 pounds of CO2 will be removed as a first purchase bonus.
• Nature Conservancy Visa
  0.65% of your net purchases will go to the Nature Conservancy, a leading conservation organization committed to protecting ecologically important lands and waters. In addition, new card members will receive a complimentary 1 year membership and subscription to Nature Conservancy magazine.
• Bass Pro Shops Outdoor Rewards Platinum Plus Visa Card
  With each card purchase, Bass Pro Shops and the National Fish and Wildlife Foundation will make a contribution to help conservation efforts, with a guaranteed yearly contribution as high as $1.5 million, at no additional cost to you. You’ll also receive a $25 gift card after your first use.

Green Rewards Programs
Credit card issuers have expanded your rewards options recently, so that even general-use credit cards can earn green rewards. Here’s a sampling:

• Wells Fargo Enhanced Rewards
  Wells Fargo credit card users can enroll in an optional rewards program where the points that they earn can be used towards various green rewards, such as a solar charger or a garden composter. You can also choose to redeem reward points to support renewable energy projects and receive certificates for your donations. Enrolling in the rewards program costs $19 (or 2,000 points) a year for your credit card only, or $29 a year to enroll both your credit card and Check Card.
• Bank of America WorldPoints
  Bank of America offers any of its credit card holders who earn WorldPoints to redeem them for a wide range of eco-friendly products and projects. Any Bank of America credit card that earns WorldPoints is eligible to earn these rewards at no additional cost.
• Citi Thank You Network
  As part of its Thank You rewards network, Citi also offers a range of environmentally-responsible rewards. For instance, your Thank You points can be redeemed in exchange for having trees planted or for energy-saving CFL light bulbs.

Another Green Alternative
There’s also another option to consider when going green: instead of selecting a credit card specifically because it is green, you can always choose the best cash back card available and donate the cash rewards to your favorite environmental cause. It is slightly less convenient, but there at least three obvious benefits: 1) any donations will be tax-deductible, 2) you should be able to earn more rewards for your charity, and 3) you’ll have more choice as to exactly how your money is spent.

Regardless of the card you choose, chances are your issuer allows and even encourages your use of electronic-only statements. That’s one sure-fire way to get greener, and save both trees and gas.

This post is from Credit Card Watcher’s Credit Card Deals Blog.

Green Credit Cards: An In-Depth List

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From Credit Card Watcher - www.creditcardwatcher.com

I think there is a heck of alot of wisdom in advising your children to avoid credit cards up until the age of 20. It takes time to understand the worth of money, how to earn it and how to manage it. Youngsters given credit cards, miss out on these important principals.

However, there certainly is some sense in your offspring getting onto the credit ladder at some point and here’s why:

1. Building up a good credit history can be important for the future. Particularly when you come to obtaining a mortgage.

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From Credit Card Cool - www.creditcardcool.com