Wednesday, August 5, 2009

Which credit card company should I trust?

I want to transfer a 10K balance and pay as little interest as I can. I will be paying just the minimum amount each month for as long as possible. Has anyone had experience with either of these two offers or companies.



Option 1 : Discover card 0% for life (really it%26#039;s just for 8months, but can be extended by making 2 purchases each month after that - they don%26#039;t require a minimum purchase amount). Min monthly payment is 2% of the balance.



Option 2 : Advanta Business card 2.99% for life (apparently no purcahse requirements, but the card member agreement has many %26quot;loop holes%26quot; that they can nail you with at their choosing). Min monthly payment is 2.25% of the balance.



Which credit card company should I trust?car loan





For $10K, I%26#039;d go with Advanta, because I%26#039;d be surprised if your balance after 8 months would be less than $8K. As for the 2 purchases, buying stuff on credit is what got you the $10K debt in the first place.



Which credit card company should I trust? loan



Try getting a secured line of credit from your bank , it will be the lowest rate.|||don%26#039;t get caught up



in credit card swapping



pay off debt soon before



it gets to big|||go with discover card|||They just want your money...if you can%26#039;t afford it, you shouldn%26#039;t buy it. For building credit stick to store cards and buy something you know you can pay off within a couple months



eg. Kohls card, Fashion Bug card|||The first option looks good if you can make the payments. Any missed payments will raise the APR and the min due. You may want to call your current card company and work with them on a payment plan, they could stop your intrest rate for months, while you continue paying. Just paying the minimum payments will cause you to pay forever! Good luck. Oh, there is a free budget counsling number that you can call, but I am not sure what it is. Maybe someone else has that information.|||I have had both and discovered that Discover was not a very good discovery . They use a two cycle balance system that was



probably created by Tony Soprano .|||You can use this site to review all the best credit card offers



and choose the card that is best you.



http://bestcreditcard.newcreditapplicati...



Good Luck!|||you try this site you will get all type of credit card company info|||you might want to go here to compare them.



http://www.bestcreditrates.net

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