Secrets of Credit Card Solicitations

If you're employed, over eighteen, and have a reasonable credit rating, there's a good chance that you receive credit card solicitations from time to time. There are pieces of information, required by law, contained in these documents that will tell you whether it's a good deal or not. First is the APR or average percentage rate. You want to look for the lowest rate possible. Usually, the APR listed is for purchases. Be aware that it's entirely possible that other transactions, like cash advances and balance transfers may carry a different APR. Also look for information that the APR is variable – this means that it can change at any time – which means you may unexpectedly find yourself paying more. Also liste d, you will see the grace period (during which your purchases are treated as cash and exempt from charges) and the method of computing your balance, as well as the annual fee and the minimum transaction charge. All of these will give you a good idea about whether the card is a good deal or not.