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Don't Expect To Earn Fast Money Online
Copyright © 2005 Torgeir Sunnarvik Every Pleasures http://www.everypleasures.com/ I've spent the last three years working towards actually earning money online. In most of that time period though, the money has been leaving my...

Inflexible friends and plastic assets, why money isn’t buying love anymore.
Consumers reject financial advice in favour of financial frivolity It would appear that even though their “friends” aren’t as flexible as they used to be, consumers are still stretching their credit cards beyond the comfort zone. The...

Paid Surveys - Are They Just A Money Making Scheme?
I'm afraid that they are money making schemes...they make YOU money! Whether you're a stay at home parent, a student, retired or just looking to cut back your hours at work, taking part Paid Surveys is a great way to make some easy, fast and free...

"The Rule of 72" - Use This Formula & You Won't Want To Borrow Money Again Either
REPRINT GUIDELINES =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= You are free to publish the following article in its entirety in your eZine or on your website. Our only condition is that you MUST keep the information about...

Work At Home Moms - Save Money This Holiday Season
As the holidays approach, many work at home moms begin feeling a sense of dread -- * How will we afford gifts? * Will I start the new year even further in debt? Saving money is the same as making money, in my opinion. Either way,...

 
Changing Cards to Save Money

If you're like most people, you have plenty of credit cards, and you receive and endless supply of offers for more. The credit card industry is so competitive that, whatever card you have, the chances are that somewhere out there is one that would be cheaper or better for you - and one of the best advantages is that you can change cards as often as you like.

Try Some Teaser Offers

To try and get new customers, credit cards companies are still offering massive discount rates when you transfer balances over to them. These 'teaser' rates will only last for a set period (check the terms and conditions), but they can still save you a lot of money - especially if you switch to another card's teaser rate each time one ends.

Yes, this does mean applying for a new card relatively often - but if you do it online, you'll find it's quite painless. Is it really worth hundreds of dollars to save the trouble of applying for a new card?

Extend Your Offers

You might not even need to move to another card to get a teaser offer for longer. If you phone and ask, many lenders will extend the preferential rate for longer, in an effort to get you to stick around.

Check the Small Print

You might find that the 'low, low rate' only lasts a few months, and you might also find that it only applies to balance transfers, not new purchases. A common trap is for a card to allow you to transfer your balance of thousands at 0% APR, only to charge you 20% or more on anything new you buy with it. Of course, as soon as you ditch that card and move to the next, the new purchases


become a balance transfer again.

A more nasty thing you might find is that you're signing up to a minimum term to get the teaser offer - they won't let you transfer your balance away again for a year, or even more. Avoid these cards like the plague.

Keep Track of Time

Your card issuer isn't going to go out of their way to alert you when your teaser rate is over. Make sure you keep track: make a mark on the calendar. Months can go by far more quickly than you'd think, and missing the end of the teaser period by even a day will mean that you'll end up paying interest at the normal rate.

Moving Around and Your Credit Rating

Moving debt around between cards often affects your credit rating in an odd way. On the one hand, it shows that you could be an unprofitable customer - after all, you change cards before they can make a profit from you. On the other hand, it also shows that you're likely to take up offers that you're sent, and companies tend to believe that they have a great strategy to keep you with them where others have failed.

In other words, some companies will hate you for it, and some will love you. Bear in mind, though, that the longer you do it for, the fewer companies will want to send you their very best teaser rates.

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Original Source: Articles-Galore.com



Information supplied and written by Lee Asher of The Home Income Portal

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