Accept Credit Cards

Credit Card Offers
By Beth Pardue

The vast majority of credit card offers you receive are fair
and ethical. But there are two things to look out for that some
credit card companies have been known to pull on unwary
customers. These tactics are perfectly legal, so your only
recourse to preventing them is to be alert.

The old bait and switch. You apply for a great credit card that
gives you tons of frequent-flier miles, hoping to put all of
your shopping on it, and then head to the Bahamas in February.
When and if you get that card, study the terms carefully. If
you don't qualify for the great card, the credit card company
can send you a completely different card with different
terms--without telling you. Visit www.amex-visa-mastercard.com
for a list of reputable credit card offers.

Cash advance fees and rates. Read the fine print on your
statement and you'll see it's a very bad idea to take cash out
on your credit card. Your card might have a really low rate for
purchases, but the rate for cash advances is much higher. And
there is no grace period--you start paying interest right away.

Aside from paying a high rate on the cash you take out, you're
going to pay a fee, usually 2 percent to 4 percent of the
amount advanced. And your payments will be applied to the
lower-interest balance before they are applied to your cash
advance. Don't get yourself into trouble with either of these
two mistakes ... read the terms of your credit card offers
carefully before you activate them.

About the Author: This article was written by Beth Pardue who
has over 10 years of experience in the financial industry
assisting clients with assorted financial needs. To learn more
about credit cards or to apply for a credit card online please
visit: Visit http://www.amex-visa-mastercard.com today!

Source: http://www.isnare.com