Credit Cards, Credit Card Offers and Credit Card Guide

Although it is mostly industry practice to charge a variable rate of interest on outstanding credit balances at a certain percentage rate above Prime Lending Rate, it is possible, these days, to obtain a fixed rate credit card. So, when would you want to apply for a fixed rate credit card over a variable rate credit card?

Apr Credit Card The answer to this may not actually sound as simply as you may think. Two factor need to be borne in mind: first, what is the Prime Lending Rate at the moment; and second, what are the chances of the percentage rate plus Prime Lending Rate going above the fixed rate?

Business and Personal Credit Card List There are a lot of different types of online business and low interest personal credit cards available today. Some of the major card companies are Chase, Fleet, Capital one, Discover, Bank One, MBNA and Amex. Each of these companies offer very low interest credit cards and some even offer 0 apr (zero percent APR) as an incentive. Since interest rates have dropped over the past few years, there are a lot of companies who offer low interest fixed cards.

Bad Credit Credit Card If you feel that borrowing rates are cheap at the moment and that it is unlikely that Prime Lending Rate is going to go up in the near future, then in all likelihood having the variable rate credit card is going to be more of a benefit to you than having a fixed rate credit card. However, if the opposite is true, and you believe that there is a good chance that Prime Lending Rate is going to up in the near future, there may be a very good reason for you to want to lock-in your interest rate at the current fixed rate being offered by the card provider.

Credit card exchange rates are based on the Visa and MasterCard wholesale rates, with a loading percentage usually added by the card issuers.

Low Apr Credit Card One exception to the fixed rate vs. variable rate credit cards debate comes into play if you can manage to obtain a fixed rate with a card provider on the transfer of your credit card balance to a new card provider. In this circumstance it could prove to be a very useful money saving policy to agree to the fixed rate for the initial 6 or more month period as, traditionally, fixed rates for transferring balances are very low. You do, however, need to be extremely careful that any variable rate that comes into play following the fixed rate period is not excessive.

John Lewis Plc offers credit cards to UK customers. To find out if a credit card from John Lewis Plc is the best card for you use uSwitch.com%š credit card comparison service. This compares hundreds of credit cards to find the best deal for you. Tell us what you%™e looking for, and we%’l match your needs with the best card out there to save you money on interest payments or get you a good introductory rate.

The Best Credit Card Alternatively, you need to ensure (a) that you have made as much of a repayment as is possible during your fixed rate term that you only have a minimum outstanding balance on the day the balance transfers over to a variable rate; or (b) you have the option of transferring the credit card balance outstanding to another new card provider who is also offering a very low fixed rate of interest.

Intelligent Finance has announced the launch of a new credit card, which offers a low life of balance transfer rate of 4.9% APR.

Credit Card Debt Consolidation In any case, these days the debate over fixed rate vs. variable rate credit cards is certainly more interesting than was ever the case previously!

Do you have bad credit Compare loans, credit cards and mortgages designed for people with a poor (adverse) credit rating...

Travel Reward Credit Card Joe Kenny writes for Credit Card Guide, offering the latest information on credit cards in the UK, visit them today us to apply for a balance transfer credit card and start clearing credit card debt today.

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Student Credit Card Joseph Kenny is the webmaster of the loan information site http://www.ukpersonalloanstore.co.uk. At the Personal Loan Store you can find some of the latest personal loans explained in detail.

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