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  • Best Low Interest Credit Cards To Save Money This Year

    Best Low Interest Credit Cards To Save Money This Year

    A low interest credit card is a most sorted best option for you to save money on making monthly payments through your credit card and especially for those cardholders who transfer their outstanding balance from one month to another month. There are few cards that come with 0 % introductory APR and some with low interest . Always choosing the right credit card is not as easy . So here is the list of the Best Low Interest Credit Cards To Save Money This Year .

    Best Low Interest Credit Cards To Save Money This Year

    Here is the list of the Best Low Interest Credit Cards with 0% APR and low APR Interest Credit cards .

    1. Chase Slate
    2. BBVA Compass Visa Signature
    3. PenFed Promise Visa Card
    4. Citi Diamond Preferred Card
    5. Discover it chrome card
    6. Citi Simplicity Card
    7. Discover it
    8. Barclaycard Ring Mastercard
    9. Chase Freedom
    10. HDFC Infinia Credit Card
    11. Citibank Rewards Credit Card
    12. First Citizen Citibank Titanium Credit Card
    13. ICICI Bank Instant Platinum Credit Card
    14. Kotak Velocity Platinum Credit Card
    15. Jet Airways Citibank Titanium Credit Card
    16. SBI Advantage Platinum Credit Card
    17. ICICI Bank Instant Gold Credit Card
    18. SBI Advantage Plus Credit Card
    19. TATA Empower Credit Card

    So now let’s take a detailed look on each of the Best Low Interest Credit Cards .

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    Read Also : Pros and cons of credit cards – All the Hidden Facts on Credit cards

    Read Also : Credit Card Debt Myths – Top 8

    Chase Slate

    Chase Slate is one of the Best Low Interest Credit Cards .

    • $0 introductory balance transfer fee if you transfer during the first 60 days of your account opening. You have to pay 0% Introductory APR for almost 15 months on purchases and balance transfers. You can view every month updates to your FICO® Score and it will also tell you the reasons behind your score for free.
    • No Penalty APR – even if you Pay late it won’t raise your interest rate and the best part is $0 Annual Fee.

    BBVA Compass Visa Signature

    This is one of Best Low Interest Credit Cards that is preferred for its features like –

    • Visa Zero Liability
    • No annual fee charged with the Visa Signature card.
    • You can simply enjoy VIP Entertainment by special advance entrance to major sporting events, Hollywood blockbuster screenings, Broadway shows and more.
    • You can simply Save your time with 24-hour complimentary Concierge service that can assist you with travel plans, dining reservations and further.
    • Enjoy special offers and receive complimentary discounts as well as travel upgrades along with discounts at premium retailers.

    Read Also : Credit Card Debt Pay Off- 5 Things to Consider About Debt Pay Off

    Read Also : Student Credit Card Alternatives – Better than Credit Card

    PenFed Promise Visa Card

    • No balance transfer
    • No cash advance
    • No late fee or penalty APR

    Citi Diamond Preferred Card

    if you face problem while paying your balance then you can definitely register for citi diamond preferred card as it also offers some additional perks like 0% intro APR for 21 months on balance transfer and purchases. the cardholder will also be able to buy exclusive tickets and pre-sale tickets to event with citi private pass.

    Discover it chrome card

    the cardholder will get $20 cash back if you score GPA 3.0 or above till 5 years in your school. they can also earn 2% cash back at gas as well as restaurants on up to $1,000 quarterly. 1% cash back in addition on all other purchases. all the cash back that the cardholder has earned will be matched at the end of the first year.

    Citi Simplicity Card

    • You can take advantage of a low intro APR on credit card balance transfers and purchases. In addition, keep it simple with no late fees, no penalty rate and no annual fee ever.
    • 0% Intro APR is charged for 18 months from date you open your account on purchases and 0% Intro APR for 18 months from date you make the first transfer on balance transfers.
    • Balance Transfer Fee is either $5 or 3% of the amount that you have to pay of each credit card balance transfer, whichever is greater.
    • No Annual Fee to be charged.

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    Barclaycard Ring Mastercard

    The cardholder has to pay no annual fee which means $0 annual fee as well as $0 as balance transfer fee.

    24% variable APR for purchases as well as balance transfer and cash is charged that may vary with the market based prime rate.

    HDFC Infinia Credit Card

    The HDFC provides Infinia credit Card charges very low interest rate as well as charge cash advance amount as low as 1.99%. Although, the joining fee and renewal is high, at higher amount like 30,000 and little less on lesser amounts for e.g. 10,000. HDFC Infinia is the best low interest credit card. It doesn’t have any limit of spending money in advance. The cardholders also get rewarded with 5 points on every transaction that they make worth Rs.150.

    Read Also : Improve Credit Score For Getting Loan Approval – CIBIL Score Detailed

    Citibank Rewards Credit Card

    Citibank Rewards Credit Card offers zero fees at the point of registration. It charges 3.15% interest rate along with 2% cash advance fee. You can enjoy up to 10X Rewards, every time you go for shopping at your favourite store.

    First Citizen Citibank Titanium Credit Card

    You don’t have to pay and joining or renewal fee. Citibank First Citizen Titanium card charges 3% of interest rate and 2% as a cash advance fee. First citizen Citibank titanium Credit cardholders can avail reward points or gift vouchers as well as other benefits only at some of the stores.

    ICICI Bank Instant Platinum Credit Card

    The ICICI Bank Instant Platinum Credit Card charges just 2.49% of interest rate and also 2.49% as cash advance fee. You can join for free and also renew your card for free. The ICICI Bank Instant Platinum Credit Cardholders can avail interest-free credit for up to 48 days while making payment through your card.

    Kotak Velocity Platinum Credit Card

    • The Kotak Velocity Platinum Credit Card is the best low interest credit card as one has to pay very low interest rate which is 3.10% that has to pay every month.
    • The best part is that the Joining fee which of almost Rs.499, is waived off especially just for the kotak velocity platinum credit cardholders.
    • But you may have to pay Rs.499 at the time of renewing your card as renewal fee, whereas the cardholder has to also pay 2.5% in favour of advance fee.
    • This is also recommended as the best low interest credit card as it offers 2.5% fuel extra discount in all petrol pumps in all over in India. Hurry and register today.

    Jet Airways Citibank Titanium Credit Card

    Citibank provides the Jet Airways Titanium Credit Card which known as the best low interest credit card. The cardholder has to pay 2.5% of interest rate for every month as well as 2% as cash advance fee. The cardholder can also earn double and redeem JPMiles on Jet Airways tickets. One can earn up to 1000 JPMiles while using this card for the first time every year.

    SBI Advantage Platinum Credit Card

    • 99% of interest rate every month
    • 5% as a cash advance fee.
    • 2999 as joining fee and renewal fee.
    • The best part is that the cardholder can earn and redeem almost 5X Cash Points while shopping from their favourite apparel store, Departmental Stores or at any fine – Dine restaurant or else even spending in abroad.

    ICICI Bank Instant Gold Credit Card

    • 49% interest rate per month
    • 49% cash advance fee
    • ICICI Bank Instant Gold Credit Card is the best low interest rate credit card.
    • No joining fee
    • No renewal fee

    SBI Advantage Plus Credit Card

    we recommend this as the best credit card as is charges very less joining fee and just Rs.500 as renewal fee from the cardholder. 1.99% per month interest rate and 2.5% cash advance fee to be charged every month. it also includes a credit free time of 50 days.

    TATA Empower Credit Card

    Zero joining and renewal fee yes you heard it correctly. The TATA Empower Credit Card asks you to pay very low interest rate of 3.35% and 2.50% every month. The cardholders can simply benefit up to 4% value back at various Tata stores and products as well as their partner stores. Thus this is recommended as one of the Best Low Interest Credit Cards .

    So hope we have given an exclusive list of Best Low Interest Credit Cards or the 0 % APR Cards that you can choose the ideal credit card that matches your need .

  • Student Credit Card Alternatives – Better than Credit Card

    Student Credit Card Alternatives – Better than Credit Card

    Is there any alternative to credit cards ? Oh you are wondering then take a took here is the Best Student Credit Card Alternatives that are Better than Credit Card .

    Credit cards are not just meant for working people, businessmen or parents only even students can apply for credit card. Even if you are below 21 and unemployed and get no full time income, you can register yourself and apply for credit card under certain rules and regulations and policy. Even the students have their own expenses that they have to pay in their everyday life to fulfill their needs and requirements.

    Student Credit Card Alternatives – Better than Credit Card

    We have listed down few best credit card alternatives for college students which are as follows:

    1. Secured Credit Cards
    2. Student Charge Cards
    3. Checking Account
    4. Gift Cards
    5. Checking Account Alternative Cards
    6. Prepaid cards
    7. Cash
    8. PayPal debit card

    So now let’s take a deep look on each of the Student Credit Card Alternatives .

    Read Also : Survive high interest student loans – Amazing Tips

    Secured Credit Cards

    When you open account you make it with a cash deposit that backs the secured credit card. It mainly reduces your credit risk thus helps to maintain good credit score . Because you can spend only within your credit limit that equals to your deposit amount.

    It is important to spend within the credit line so as to bear from risks like debt or interest charges. You have to deposit money in advance every month timely or you will have to pay interest charges. The great thing is that the money you deposit can be refunded. So the credit limit for secured credit cards is limited to the amount that the cardholders have deposited so as to minimize the chances to pay interest charge.

    Secured credit cards is not just a Student Credit Card Alternatives but also a smart way to stay out of debt .

    Read Also : Credit Card Debt Pay Off- 5 Things to Consider About Debt Pay Off

    Read Also : Credit Card Debt Myths – Top 8

    Student Charge Cards

    Student charge card is also one among the best alternative credit card for the college students . This card helps the students to earn rewards as well enjoy it on short term basis , interest free money . You know how significant it is to maintain a good credit history . So if you are worried about credit history then opt for student charge cards , this helps to make a good credit history and thus gives excellent credit score .However, charge cards are not at all the  viable option to rely upon if your credit history is not good.

    Checking account

    There are various banks either traditional bank or online bank which offers less or no fee student checking account. Checking accounts usually come with standard debit card as well as ATM access. The best thing is that with such accounts there are no or less chances for students to incur debt. Either parents can deposit in money or even set up a joint checking account that lets them keep track on how much their child spends.

    Gift Cards

    Though Gift cards aren’t best for spending on daily basis But, gift cards can be helpful for students to make decent emergency fund. For example, the student could buy a $200 gift card in case he/she needs to make an urgent situation trip home or anywhere or a $500 gift card for other types of emergencies that require more money.

    All you have to take care is to know that the gift card doesn’t charge any fees for the money left or not used after a certain period of time.

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    Checking Account Alternative Cards

    Checking account alternative card is one of the best Student Credit Card Alternatives. It can take a track on your spending as well as on your savings , Even parents can access the account of their ward .If you opt for the American express and Walmart provided Bluebird , then that serves much better . On this parents can drop money to the account whenever in need . They can keep an account separately for students and set limit on your daily spending .

    Prepaid cards

    Prepaid cards are the best alternative credit card for college student as they are specially created for them. Prepaid card allows parents to have control over student spending and also for them to deposit more money onto the card for their children to spend.

    Read Also : Pros and cons of credit cards – All the Hidden Facts on Credit cards

    PayPal debit card

    PayPal debit card provides notifications to parents about the transaction and allows accessing the account as well as tells the spending limit. It also has a feature that allows parents to transfer money in the account quickly in an emergency.

    Read Also : PayPal Vs Google Wallet : Best Online Money Transfer / Payment System Compared

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    Cash

    Yes of course, carrying cash along with us all the time that too heavy money is risky that is why our parents suggest to use debit or credit cards along with us while going for shopping or any other kind of payment or transaction. But the students can carry cash along with them as they would not need much cash to spend. They have less expense so they can carry cash with them.

    So these are the some of the widely used Student Credit Card Alternatives that serves better than credit card for students in their life . Handling finance at college age is not an easy task , the more wise you begin the more bright money management capacity you get.

  • Credit Card Debt Pay Off- 5 Things to Consider About Debt Pay Off

    Credit Card Debt Pay Off- 5 Things to Consider About Debt Pay Off

    Credit cards, when used correctly, can help build your credit score.Many people strive to be debt-free, but some debt can actually be your friend. Keeping a manageable amount of debt helps you receive financing for large purchases, such as a house. But when your debt becomes unmanageable, it can scar your credit report for years, keeping you from finding necessary financing.So you have to consider certain things before Credit Card Debt Pay Off.

    Credit Card Debt Pay Off- 5 Things to Consider About Debt Pay Off

    We have to consider certain things before Credit Card Debt Pay Off  which are discussed here.

    Debt as a Friend

    Our credit-reporting system is set up to reward people who pay consistently on existing debt. That means that people who prefer a cash-only lifestyle are penalized when they decide to get a loan or a credit card. A lack of debt history often makes securing financing as difficult as bad debt history. If you keep your debt under control and pay on time each month, you can build a high credit score.

    Read Also : Worst Financial Mistakes to avoid in life

    Credit Cards

    Credit cards are one of the fastest ways to build or ruin your credit scores. It’s best to have more than one credit card so you don’t charge too much on any one card. Credit bureaus lower your score if you use too much of your available credit, so keep your card utilization below 30 percent on each card. For example, if your card has a $1,000 limit, don’t maintain a balance of more than $300 on that card at any one time. More than that charged on your card leads the credit bureaus to think you’re living beyond your means and are, therefore, a credit risk.

    Although having several cards keeps you from overcharging one card, keep the number of cards you keep reasonable to make sure you can keep up with the monthly payment dates without paying any late. Keep a close eye on your interest rates because credit card companies tend to change the rates often. They may also lower your available credit if you keep a low balance, resulting in a higher utilization percentage. Instead of closing these cards, stop using them but keep the accounts open to lower your overall utilization percentage of outstanding debt vs. available credit.

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    Loans

    Revolving debt, such as personal loans or home and auto financing, helps show stability to potential creditors if the payments are always made on time. But too many loans can hurt your credit score, even if payments are made on time. Creditors often look at your debt-to-income ratio, which compares your income to the amount of your debt and the monthly payments required to maintain it. If the ratio is too high, you won’t be able to secure more loans. However, a debt consolidation loan may help by tying other debt into a single loan payment. This is sometimes possible through a home equity loan, although this raises the amount you owe on your home, making it harder to sell when you’re ready to move.

    If you are worried about your poor credit score then find how to get instant loan with bad credit score

    Collateral

    Credit cards are usually considered unsecured debt, which means there’s no collateral required to use the credit lines. Many loans, however, require collateral before the banks give you financing. The collateral may be your house, your car or a cash investment, such as a certificate of deposit. Before agreeing to post collateral, make sure you can pay the loan even in a financial emergency. If you use your house as collateral for a business loan, for example, can you afford to personally pay that loan if you go out of business? If not, you could lose your house as well as your business.

    Savings

    There’s much debate on whether to invest in savings or pay off existing debt. Having some money in savings is a key to your financial stability. It’s best to have enough in savings to pay all your bills – including your debt payments.If you don’t have income for several months, such as if you lose your job. In a booming economy where jobs are plentiful, three months’ worth of savings may be enough. In a depressed economy, shoot for eight to 12 months’ worth of savings. Instead of using extra money to pay down your credit cards each month, pay the minimum payments and put the rest in savings until you have a comfortable amount saved. This won’t hurt your credit score, and it gives you a cushion to prepare you for emergencies. If the worst happens and you lose your income, you won’t have to lose your credit score because you’ll have saved the necessary money to continue your payments.

    With some oriented strategies it is really easy for any person to pay off credit card debt quickly . I mean to eliminate credit card debt is not as hard as you might think. Just a lack of proper plan and understanding it would be. Follow this four golden rules to Credit Card Debt Pay Off.

    • Request to lower your credit card debt interest rate this would ease your burden.
    • You may have more than one credit card and it is likely to happen that you may have to pay off cards in full . But in that case it is recommended to focus on one card at a time. It doesn’t mean to neglect the other card.But focus more to reduce credit card debt than to rush  to pay off debt fully.
    • Make a budget that includes the priority and plans to pay off debt.
    • In case of how to pay off debt when you have no money look for grants provided by government .
    • Use a credit card debt calculator and stay alert about your debt.

    This is guideline on Credit Card Debt Pay Off in easiest way .

    Now find the  top myths on credit card which would help you to get a clear ide about the use of credit card in best way.

  • Credit Card Debt Myths – Top 8

    Credit Card Debt Myths – Top 8

    Settle your debt for pennies on the dollar! Get rid of your debt quickly! These claims fill ads from debt settlement companies and guides that claim to teach you how to settle your debt. While settling your debt may be a way to get out of debt and pay less than you owe on your debts, do not buy into all of the claims and myths surrounding the debt settlement process.So here we are going to discuss about the top 8 Credit Card Debt Myths that is existing around us.

    Credit Card Debt Myths – Top 8

    On the process of debt settlement many of us are unaware about the pits and myths that is existing in this process .

    You Should Hire a Professional 

    Debt settlement companies advertise that they will negotiate with your creditors to reduce the amount of debt you owe. Often they charge hefty fees for this service and many require that you put money into a special account to pay off your debts as they are settled. While legitimate debt settlement companies have the time and experience needed to successfully negotiate debts, they do not do anything that you cannot do yourself. You can call your creditors yourself and attempt to negotiate with them. As long as you are patient, persistent and know what amount you are willing to pay, you can do the same job as a professional without paying any fees.

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    This Debt Settlement Company is Legitimate

    When you work with a debt settlement company, you risk becoming the victim of a scam. A significant number of debt settlement companies prey on those who are in debt by charging them upfront fees, requiring that they put money into an account each month and promising settlements more than 50 percent off their actual debt. Do not enter a lengthy contract with a debt settlement company and do your research before you sign any paperwork. Choose an established company that has low fees and a history of strong customer reviews.

    It Does Not Cost A Lot

    Worst Credit Card Debt Myths that exist is these sort of spam things in the market.Working with a debt settlement company costs money. If you only have one or two insignificant debts to settle, the amount that you pay the company may outweigh the money you save by settling. If you choose to settle your debts yourself, it costs a lot of time to get the results that you want. Most creditors will not agree to a settlement the first few times you call and it could take months of calls to come up with a solution you both agree on.

    It Does Not Hurt Your Credit

    One of the common Credit Card Debt Myths , when you settle a debt, the creditor reports to the major credit reporting agencies that your debt was settled for less than was owed. While settling your debt may not hurt your credit as much as filing for bankruptcy or not paying your debt at all, it will hurt your credit more than working with your creditor to develop a payment plan and paying the full amount that you owe.

    It’s My Only Option

    Even if your debt seems overwhelming, settling that debt is not your only option. Many creditors will work with you to develop a payment plan that allows you to pay off the full amount that you owe and reduce any late payment fees to make that debt more manageable. Instead of settling, you may also consolidate your debts into a larger loan with a lower interest rate to make the payments more manageable and give you more time to pay them off. Filing for bankruptcy may be another option if you have significant debts.

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    You Only Pay Pennies on the Dollar

    Most creditors will not settle with you for pennies on the dollar. Their goal is to get as much money from you as possible. Most creditors will settle for 20 percent off your debt, although experienced negotiators may be able to get as much as 40 or 50 percent off. The older your debt is and the fewer recent payments you have made, the more likely you are to settle for less. When you are regularly making payments on a debt, a creditor will not be motivated to settle with you.

    Debt Settlement is Financially Beneficial

    Settling your debt may not be financially beneficial. In addition to the fees that debt settlement companies charge, the hit that your credit takes after settling debt can end up costing you a lot of money. When your credit score takes a dive, it will increase the interest rates you pay when you take out new loans or open new credit cards. That increased interest will cost you more money. Taking out new loans and opening new credit cards will also require you to spend more money and take on more debt to help rebuild your credit.

    I Won’t Go Into Debt Again

    Settling your debts has nothing to do with going into debt again. In order to avoid going into debt again after you settle your debt, you must develop positive spending habits, such as creating and following a budget and limiting the amount of credit you use. Do not think that just because debt settlement worked once, it will work again. When it comes to settling your debts, nothing is guaranteed and debt settlement should not be used as a backup plan in case you fall into debt again.

    These are the top 8 Credit Card Debt Myths that is existing which you need to be aware if you are in amid of debt .