Free Articles  >>  Business And Finance >>  Page 1  >> 

Credit Card Applications What the Fine Print Really Means

When you apply for a credit card, reading through all of the small print on the application can be a drag. And with everything so fast-paced, do you really have time for all of that? Most people will respond with a "no." They'll simply fill out the application and hope for the best.

Unfortunately, not understanding the fine print can bring trouble your way. You might get hit with high fees or interest rates that you weren't expecting. But by taking the time to look over the fine print, you can potentially save yourself hundreds of dollars in the future. Here are a few things to look for as you read the terms and conditions listed with the credit card:

Rewards with Conditions

Rewards cards are popular these days, but it's important to know what you're getting into before you apply. Some of them come with a higher interest rate, and others include restrictions on the rewards you can receive. You also may find that you'll need to pay an annual fee with the card. So look over the details and make sure that you can really benefit from this type of card before sending in an application.

APR Details

Many credit cards come with 0% APR (annual percentage rate) period. During this time, no interest is charged to your account. When that time period comes to an end, however, a regular APR sets in. You'll want to know what this rate is before you apply.

You'll also want to be aware of other changes regarding the APR. If the APR is variable, the company is allowed to change it at any time. If the interest rate is fixed, it is less likely to change. The company, however, still reserves the right to change it when they want to - they just need to let you know about it before they make the change.

Some cards will increase the interest rate if you miss a payment. Also, certain companies will charge a different APR, depending on whether you are making a purchase, transferring a balance, or taking out a cash advance. Sound confusing? It can be if you don't know about the details. Take the time to read through the APR notes; they can really help you in the long run.

Extra Fees

Some of the fees included in a card are laid out very clearly, but others are not. Before you send in a credit card application, check to see if it charges an annual fee. Also look for the fees charged for late payments or over-the-limit fees. All of these could set you back if you're not aware of them. If, on the other hand, you know about them, you'll be able to avoid any unwanted fees.

In short, reading the fine print can be time-consuming, but it is well worth your time. If you find a term in the form that you do not understand, you can call the credit card company to ask about it before you apply. Understanding the fine print is key to a long, healthy relationship with your credit card.
About Author Ed Vegliante :

Click the following link to find Online Credit Card Applications: <a href="" target="_blank"></a> Ed Vegliante runs the website <a href="" target="_blank"></a> , a directory enabling consumers to compare and apply for a variety of credit card offers.

Article Source:
Article Url:

Article Added on Monday, February 9, 2009
Other Articles by Ed Vegliante

Instant Approval Credit Cards Three Terms to Look For When You Apply
When you apply for a credit card, it helps to know right away whether or not you have been approved. That's just what you'll find in an instant approval credit card. They are set up to let you know where you stand with a credit card company seconds after applying. In addition to telling you immediately about your application status, instant approval credit cards usually offer additional benefits. Before you fill out an application, you'll want to pay careful attention to these benefits and...

Cash Back Credit Cards The Deal is in the Details
Cash back credit cards: do they really work? The simple answer is yes; the longer answer is that in order to make the most of them, you'll have to pay attention to the details. If you can stay on top of your credit card payments, and use the card wisely, you will definitely benefit from a cash back credit card. The key is to look at the fine print. Here are some tips to help you get a good amount of cash back. Check the Percentage Rates When cash back cards first began, banks usually offered...

Variable Vs Fixed Rate Credit Cards Understand The Difference
Many credit cards come with special introductory rates. These often include low or 0% interest rates for the first months or year. But what happens after the introductory period? This is when most credit cards switch to a variable or fixed interest rate. Read on to learn the difference between variable and fixed rate credit cards. Variable Rate Credit Cards Variable interest rates are usually tied to another rate. Many credit card companies use the Prime lending rate as an index. This is the...

Instant Approval Credit Cards No Need To Wait
The Internet has sped up the process of almost everything, including credit cards. Now you can apply online for an instant approval credit card. After filling out an application, you will find out in less than a minute if you have been approved. It’s just that easy and fast! Here’s what you need to know about instant approval credit cards and if they’re right for you. How Instant Approval Credit Cards Work If you’re considering applying for an instant approval credit card, the process is...

0 APR Credit Cards The Pros and Cons
A few years ago, credit card companies started offering a 0% APR feature to attract more customers. APR stands for annual percentage rate, and it represents the interest rate that is applied to the balance you carry. With the 0% APR feature, you won't be charged any interest for an initial period of time. Getting this type of card may be helpful, but it's important to understand what's all involved. Here's a look at the pros and cons of this type of credit card. Pros of a 0% APR Credit...

Credit Card Applications Is It Safe To Apply Online
Are you wanting to apply for a new credit card but feeling hesitant to perform the credit card application online? If so, you need not be concerned. Advances in the technology of secure e-commerce have made online credit card applications literally safer than filling out a paper application and mailing it through the US Postal Service. Here’s why. SSL Technology First, banking institutions that offer online credit card applications use the most up-to-date technology to ensure that their...

Mastercard And Visa Credit Cards Should You Apply For Both
MasterCard and Visa: they're both household names in today's credit card world. In fact, MasterCard and Visa are so common that if you're shopping for a new card, it may be difficult to choose one over the other. Which one is more widely accepted? Which one has better benefits? Should you apply for both? Here are some points to consider while comparing MasterCard and Visa credit cards. How MasterCard and Visa Operate While you see their name on many cards, MasterCard and Visa do not actually...

5 Ways You Can Avoid Costly Credit Card Late Fees
Credit card late fees are a fact of life for some consumers, but they don’t have to be for you. Legally, credit card companies can hit you with pretty much whatever fees they want. On the other hand, you don’t have to pay them, but only if you avoid them in the first place. Here are five sure fire ways you can avoid costly credit card late fees: 1. Pay Before the Due Date. Of course, this makes the most sense. However, this is also the single most important reason why people get socked with...

Apply For a Credit Card A Step by Step Guide
If you need a new credit card, going online is the first step toward getting one. Websites on the Internet will give you a wide variety of cards to choose from, a quick application process, and offer you valuable information along the way. Here's a step-by-step guide to help you apply online for a credit card. Search the Internet Looking online for a credit card is like opening up your mailbox and having it stuffed full of credit card offers. There are so many to choose from that at first...

Gas Rewards Credit Cards Save You Money At The Pumps
Gas prices breaking your budget? Switch to a cash back credit card rewards plan and save 2% to 5% on all your purchases at your favorite gas station. For credit savvy consumers that can make a difference in real dollars and cents. Branded gas company cards can cost you By using a major credit card offered by Visa, Mastercard or American Express for your gasoline purchases you can save a lot of money over a branded gas company card, such as Shell, Amoco, Citgo or Exxon. Usually these gasoline...

Click here to see More Articles by Ed Vegliante
Publishers / Webmasters
Article ID: 115004
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

198 Users Online!!
Related Articles:
Latest Articles:
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright © AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Single Domain Linux Hosting Provided By AwareIndia

Company IDS