Tips for Getting Lower Interest Rates for Your Credit Cards

It is convenient to use a credit card to make purchases on tillys, but only if you can pay the entire amount due when the time comes. If you buy more on credit than you can afford, whatever amount you don’t pay is subject to the annual percentage rate (APR) of that card. This can be anything from 13% to 22%, depending on the card type. If you only pay the minimum on a balance of $1,000, you will be paying the interest alone. That means paying the credit card company $130 to $220 a year just to keep your balance at $1,000. If you can afford the interest but cannot pay any of the principal, then you will be in debt forever. What you need to do is reduce the APR so that you can pay off at least some of the principal. Here are some tips to help you get lower interest rates.

Always be polite

No matter what happens, never lose your cool. Convey the impression that you are not pleased about the developments, but do not resort to name calling or yelling. Once you start acting crazy, your chances of getting what you want will be nil.

Is It Possible to Buy a Car with a Credit Card?

Ban you buy a car with a credit card
For those who love their cash-back, airline miles or other reward credit cards, the question, “Can I buy a car with a credit card?” has likely crossed their mind at some point. It makes sense. A car is a large purchase, and being able to put it on a credit card could mean tens of thousands of reward points. If the consumer is going to purchase the car with cash, being able to place the purchase on a credit card would be like getting free reward points while not costing them a cent, as they would simply pay off the balance due in full when the credit card statement arrived. So the question is, why don’t people buy a car on their credit card?

The answer is quite simple. Most car dealerships won’t allow you to purchase the car on a credit card, and for a good reason. If the car dealership allowed you to purchase the car with a credit card, they would need to pay a fee to the credit card company for the transaction. This fee would

Are Credit Karma, Credit Sesame and Quizzle Free Credit Scores Really Free?

Is the Credit Karma free credit score really free?
For those searching for their credit score, there are a number of ways to obtain it. There are many companies such as Credit Karma, Credit Sesame and Quizzle which advertise they’ll give you your credit score for free. The question many people have when they hear this is, “Is the free credit score really free?”

 Are Free Credit Scores Really Free?

The first thing to understand is that not all free credit score companies work the same. There are some who offer a free credit score, but require you to sign up for a credit monitoring service to see it. If you cancel, there is no cost, but if you forget, your credit card will be billed. The key factor here is that if a company asks for your credit card to access your free credit score, it’s an offer to be avoided.

Do Credit Karma, Credit Sesame and Quizzle require a Credit Card?

Companies like Credit Karma, Credit Sesame and Quizzle offer your credit score without the need to input a credit card, so these are much preferable to any requiring a credit

President Obama has Credit Card Declined, First Lady Comes to the Rescue

President Obama claims his credit card was declined in talk about better card security
It isn’t only the average person who has issues with their credit cards from time to time. As President Obama talked about the need for tighter security against credit card data breaches, he mentioned that his credit card ended up being declined last month at a New York restaurant. The apparent reason for it being declined was he didn’t use it enough, and its use ended up being flagged as possible fraud. Fortunately, the First Lady came to the rescue with her credit card, which was accepted for payment for the meal.

On a more serious note, the President talked about the need for better credit transaction security. “There is a need to act, and to move our economy toward stronger, more secure technologies that better secure transactions and safeguard sensitive data,” the White House said in a statement. Over the last year alone, data breaches at some of the country’s largest companies, such as Target and Home Depot, has compromised the financial data of more than a hundred million Americans.To that end, Obama announced

Apple Pay Mobile Payment System Continues to Attract Merchants

New Apple Pay system
Rumored in the days up to the announcement of the iPhone 6 launch, Apple confirmed the new mobile payment app dubbed Apple Pay. Expected to change the way purchases are made, Apple claims Apple Pay will be a secure, private and simple way to spend. Anticipated to be available in October, the app will be available in the United States at the same time as their new iPhone 6, iPhone 6 Plus, and as an update included in iOS 8. The Apple Pay system is reported as having the ability to work in stores with the iPhone 5, iPhone 5C, iPhone 5s, the newly announced iPhone 6, iPhone 6 Plus, and the Apple Watch.

Even though Apple was slow to enter the mobile payment system, it’s quickly catching up to financial companies which have tried to launch similar wallets. Apple’s great advantage is the more than 800 million users which use Apple devices and who can use the mobile payment system when launched. Apple has already collected their debit and credit data from the iTunes store, making the implementation of the service seamless for the

Credit Karma vs Annual Credit Report: Which Is Better?

credit karma versus annual credit report
With the announcement that Credit Karma now offers free credit reports in addition to free credit scores, there are a number of people wondering how it compares to the government mandated free credit report site, AnnualCreditReport. For those looking to get a free credit report, here are a few things you need to consider when choosing one or the other.

 Number of Reports

The first thing to note is Credit Karma only gives users access to their TransUnion credit report. This is important because there are actually three main credit reporting agencies: TransUnion, Experian and Equifax. Each credit reporting agency is different than the others, and what is contained in each of their reports can differ from the others. That means when you see the free credit report from Credit Karma, you’re only getting access to one of the three credit reports on you out there. You can also get a free Equifax credit report at Quizzle, but again, it’s from only one of the reporting agencies. AnnualCreditReport gives you access to all three credit reports at no cost.

Frequency of Report

As a general rule, you’re