Choosing a Credit Card

How will you use your credit card?
The first step in choosing a credit card is thinking about how you will use it.

If you expect to always pay your monthly bill in full--and other features such as frequent flyer miles don’t interest you--your best choice may be a card that has no annual fee and offers a longer grace period.

If you sometimes carry over a balance from month to month, you may be more interested in a card that carries a lower interest rate (stated as an annual percentage rate, or APR).

If you expect to use your card to get cash advances, you’ll want to look for a card that carries a lower APR and lower fees on cash advances. Some cards charge a higher APR for cash advances than for purchases.

Credit Card Debt Consolidation
Are Your Credit Cards Maxed Out? Lower your Payments and Get out of Debt Now! The unexpected - such as a medical emergency or the loss of a job - can put you behind on your monthly bills. Before you know it, you're fielding calls from creditors and collection agencies. By consolidating your debt, you can literally put money back into your pocket and help to preserve your credit rating – find out how with a free debt consolidation quote from the best debt consolidation services online.

Your Annual Free Credit Report
The Fair Credit Reporting Act requires each of the nationwide consumer reporting companies – Equifax, Experian, and TransUnion – to provide you with a free copy of your credit report, at your request, once every 12 months. A credit report includes information on where you live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy. Nationwide consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home.

The three nationwide consumer reporting companies have set up a central website, a toll-free telephone number, and a mailing address through which you can order your free annual report. To order, click on annualcreditreport.com, or call 1-877-322-8228.

If want to improve your credit score, we recommend Best Credit Score

Want the best credit score possible? Learn the best ways to improve credit scores here.

Other CreditLady.com Recommended Sites and Resources.

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