creditcardvalue的部落格

Some people use the word tart being an insult; others as a bit associated with friendly banter. Either way, it's not the type of term you associate with monetary matters, especially not with credit credit cards. A credit card tart is someone who moves from charge card to credit card, taking advantage of the greatest offers. In the process, that individual can save hundreds, and perhaps earn money as well. Being a successful credit card sour takes a bit of knowledge and lots of organisation. The knowledge has to do with discovering which preferential rate deals are obtainable. The organisation comes in remembering if you want to switch from one card to a different. How It WorksMany credit card businesses offer incentives to get customers to register. Some incentives are low balance move rates. These allow people to transfer balances which they are paying a high interest rate to credit cards with a lower interest rate. Sometimes this interest rate is as little as 0%, though this is usually readily available for a limited period of between 6 months and one year. Other balance transfer incentives offer a low rate provided the balance transferred stays on the actual card. Credit card companies hope that people who make the most of these incentives will remain with them even if the preferential period runs out. Lots of people do, but credit card tarts use these incentives for their advantage. Instead of keeping their debt on a single credit card forever, credit card tarts proceed their balances from card to greeting card, taking advantage of the best provides. This is also known as 'rate surfing'. Making The Most Of Rate SurfingRate surfing can save hundreds as those who are enjoying a low or nil balance transfer rate can pay off some of the balance when creating their payments. To make the the majority of rate surfing, look at the terms and conditions to see what transactions the preferential rate of interest applies to. There may be another rate for withdrawing cash, using charge card cheques or making purchases. Keeping A great Credit RatingThe key to being an effective credit card tart or rate surfer would be to make all the credit card payments promptly. Late payments will affect your credit score. A poor credit history will make it harder to obtain a new card the next time you need to take up an offer. Credit card companies have got wise to rate surfers and charge card tarts. Many of them have launched a one-off balance transfer fee. Normally, this is a fixed percentage of the stability transferred. In some cases, there isn't any cap on the fee, so transferring a sizable balance could incur a huge charge. This is a way for credit card issuers to make rate surfing less appealing, as the practice costs them thousands and thousands in lost interest each year. Credit card companies will also be becoming very selective about who gets their charge cards. This is another way of clamping down on charge card tarts, so if you're a charge card tart, enjoy it while it endures.






Joe Kenny writes for the actual Card Guide, a UK based credit card comparison site, visit these days for introductory balance transfers and start clearing credit debt today. Visit today: http: //www. cardguide. co. uk/

View this post on my blog: http://creditcard.valuegov.com/are-you-a-credit-card-tart/