No Annual Fee Credit Cards by MyReviewsNow
Put simply, credit card companies offer you small loan amounts in exchange for a certain fee or interest. The amount of these fees and interest rates is determined by your previous credit reports and any bad credit issues you might have experienced in the past. So, if your credit score is less than perfect, those companies that do offer you credit will most likely charge you a higher interest fee and an additional annual fee.
In many cases, this causes people shy away from credit card usage for fear of debt, but credit cards are still a necessity, as a credit card can always help cover the cost of a high ticket item or expense. Currently there are close to 176 million credit card users, which demonstrates that most people consider credit cards beneficial when used properly. The key to remaining debt free is to use it sparingly and find no annual fee credit cards.
Obtaining lower credit card interest rates or no annual fee credit cards is a matter of maintaining an amicable relationship with all of your lenders, and the best way to do this is by making payments in a timely manner. The benefits of maintaining this friendly relationship are two-fold. First you receive many different credit card offers, one of which is no annual fee credit cards. But an additional benefit is your positive credit score, which will qualify you for additional credit or larger credit amounts.
Preferably, you should maintain your credit score above 620, which is a good score but obviously, the higher your score is the less of a credit risk lenders consider you to be. When lenders consider you to be a low lending risk then you get better credit options, limits and no annual fee credit cards.
When you know what your credit score is and find that you are a low credit risk, you have the right to shop for the best credit option. Of course, even if your credit score is not at its best, you can still shop for better credit card options. You should note that there are credit card companies out there that try to get the most “bang for their buck” and will try to charge high interest fees and annual fees. To prevent this from happening it is essential that you read the fine print of a lenders contract or negotiate for a lower interest paying credit card with no annual fees.
As an existing customer in good standing you can also fight for your consumer rights by requesting a lower interest card or no annual fee card. Most credit card companies have several card options, and if asked will often help you find options that fit your financial needs.
Finding the right credit card for your needs works just as other products and services you buy do. The longer you spend shopping around for the best services and options, the better card you will find. The best advice is to prevent yourself from obtaining any and all credit offers that come your way. Read what the real offer is and whether it truly is the value the company states it to be. Keep in mind that a credit card is a purchase just as anything else you buy, so you want the best value for your money.
For further information regarding no annual fee credit cards, please visit MyReviewsNow Online Shopping.
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