Transferring the balances from existing credit card accounts to a new credit card with 0% APR for balance transfer transactions is an increasingly popular way for consumers to reduce and effectively eliminate their debts. Credit card balance transfers allow card holders to transfer existing balances from other credit cards to the new card, provided that the credit limit is adequate for the balances due.

Once the balances have been transferred the cardholder pays no interest on the new balance for a promotion period of time, generally 12 months. This transfer method allows consumers to eliminate their debts and pay only one monthly bill. Without having to pay additional finance charges, consumers can effectively wipe out their debts within the promotion time period and save money while doing so. Balance transfers also eliminate paying multiple finance charges on existing cards.

Introductory offers for 0% APR credit cards are designed for those with good or excellent credit histories and scores. (more…)

Credit cards offering low interest rates are popular among credit card users. Finding credit cards with no APR is an even better deal but in order to qualify for 0% APR credit cards, you need to have an excellent credit history and a steady income. Additionally, in order to manage a no-interest credit card effectively, you have to understand how the no-APR cards work.

Many credit card providers offer a 0% APR  for a limited time only. The 0% APR is a promotional tool used to bring new customers on board. Many consumers have benefited greatly from using cards within the right timeline and have successfully paid no interest on their purchases or their consolidation of existing credit card balances. No-interest credit card offers are a useful tool when planning to eliminate existing credit card balances from other providers. (more…)

Capital One Venture Rewards card was named Money magazine’s best rewards card for airline miles in 2010 – and it deserved to win. When you use your Capital One Venture card, you earn double miles for every purchase, every day of the week. This credit card offer is available to individuals with excellent credit scores.

Capital One Venture Rewards Basics

• No annual fee during your first year; $59 per year after that
• One time bonus of 10,000 miles after you spend $1,000 in your first 3 months
• Earn 2 reward miles per $1 spent on the card – with rewards worth one cent a piece, this is like having a 2% cash back credit card

Capital One Venture Rewards Program

The Capital One Venture rewards card is ideal for individuals who like travel rewards programs with the flexibility of no black out dates. Reward miles earned on this card don’t expire, are completely unlimited, and you can redeem earned rewards on any travel expense – from flights to hotel rooms to vacation packages or car rental expenses. (more…)

Credit card use and debt usually go hand-in-hand. For the responsible few who understand how to use credit cards wisely, they can actually be a great tool in your personal finance arsenal. When you learn how to use your credit card responsibly and in conjunction with other smart money management strategies, you can avoid debt while establishing a strong history of good credit. The following tips can help you save money using your credit card while reducing costs associated with credit card use.

Read the fine print

Most consumers get in trouble with credit cards by not knowing or understanding the terms and conditions to which they agree to be bound. You should know exactly how charges, payments and other transactions will be handled before you apply for a credit card. There may be annual fees, maintenance fees and fees to set up the account which will be applied before you even receive the card in the mail. Look for these fees before applying to avoid starting out with a balance.

Also know the interest rates and how much it will cost to use your account. This includes late fees, cash advance fees and balance transfer fees. While all three of these credit card fees can be avoided, if you want to save money with a balance transfer credit card you will likely have to pay a fee. The best credit card offers for these transactions charge low fees of 3%, so look for this before applying. (more…)