The World and Modern Science

  • Jan 12

    Like me, you've probably been offered a reasonable number of these old by now … .. and if you're like most people, it is likely that it may have at least one or two. Seems we always made an appearance in just the right (or wrong) moment … could be the saturday and we just saw the garment of your dreams.

    That can be a pain, however, if this month's salary should not be for another week. You're undecided. Until, that is, they offer you … .. a store card.

    One of the horrible ironies about store cards is that the vast majority of people who sign up for that really had no intention of making a purchase before leaving the house. But if you're caught in the previous situation, the convenience factor frequently wins the day, right? Add on top of this all the good little shot as a sweetener … An introductory discount on goods? typically around 10% mark? free money during periods of sales, etc. .. But let me tell you not what the sales assistant probably … For starters, did you know that supermarkets now many will charge anything up to 30% interest in that little card they offer? (Yes, even those with beautiful images.) That's about twice the interest of standard credit card! Sound outrageous? Well, hang around … get much worse! a Those are just some of the pitfalls you should look out for the next time you offer a store card … Buy now, pay within the next three months. Sure … a lot if you do actually manage to pay within that time. If not, some stores charged interest from day one I bought! Ask questions: In a recent study found that one third of cases, information on the interest rate on the card (among other things) was not freely available. Do not be tempted to take out expensive insurance and often useless. This may be a monthly rate of 1.5%. With the payment of interest of 30%, could end up with an annual rate of 56%! Also, stay away from any system of payment protection insurance. If you lose your job or could not work due to illness or accident, you will find that this "safe" in general, only pay the minimum monthly payment, not all balance! Be on guard. Staff usually asked to fill out the application form at the store. If you are not convinced, visit Andrew Cuomo. In many cases, the insurance fund have already been marked and that you will simply sign up for insurance. Study the terms and conditions listed in the store. The staff has been known to customers refuse to wear the form. Probably the worst store cards is that it's easy to build a variety of them for that, before you know, it seems that more of them in your wallet there coat hangers in your closet. And in what seems a very short time … .. you just spend a lot, well beyond their means! If you feel you have to buy on credit, why not use a credit card with a low or even 0% rate? After all, if you have debts, which could well make the cheap! A store card might seem useful and convenient, but usually come with a horrendous hidden cost. The next time you are a temptation to take another piece of plastic, be sure to get all the facts up front. The balance of your bank could only thank him for it. Copyright 2004 by Colin e

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  • Nov 14

    In addition to the APR (annual rate) and finance charges, most credit cards have a series of “fees” associated with its use. Some fees are unavoidable with a special card (such as an annual fee or a share in the program), while others are triggered by certain circumstances. The most common fees are listed below. To get a better idea of what your credit card may cost to use in the course of a year, review your credit card terms and conditions and your user agreement to see the rates that apply to you. Annual Fee: An annual fee is charged for the privilege of having the card, if you use it or not. Many credit cards offer no annual fee and low interest rates to their best customers, or for those with excellent credit.

    If you are trying to recover from an attack with bad credit, your only option may be a card with a relatively high rate. In that case, look for one with the lowest APR you can get, and be careful to avoid triggering other fees. Cash advance fee: When you use your credit card to obtain a cash advance, there is often a cash advance fee. It may be a flat fee for cash advances (for example $ 5, no matter how much cash you borrow), or a percentage of the advance – 5%. This fee is in addition to the interest you pay on the amount.

    Balance transfer fee usually by transferring the balance from one card to another, the credit card company will charge a balance transfer fee. Like the cash advance rate can be a lump sum or a percentage of the amount of the transfer. Late-payment “If your payment is not received and published by your credit card company after the due date will be charged a late payment fee. The delinquency rate is added to the balance of your card credit. many cases, if you are late with a payment more than once, or a specified number of times within a specified period, the interest rate will also increase, plus the late payment fee. Above the credit limit fee: If you exceed the credit limit on your credit card, often you will be charged a flat rate of punishment. Credit-limit fee increase: Generally, you must pay a rate of increase of credit limit if you request that it raise your credit limit. Up fee: When you open a new credit card account, the credit card company may charge an installation fee which could be anything from $ 19 to 149 USD. Return-commission article: This is essentially a returned check fee. If you make a payment to your account by check and the check is returned by the bank for insufficient funds, the credit card company may charge a fee for returned checks. Other fees: Depending on the credit card company, and the card offers, you may be responsible for other charges, including fees for payments by phone, for checking your account online, for the establishment of an online bill payment services or to provide other customer service. Be sure to read the terms of your credit card and conditions to see what it costs and you can afford.

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