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Quote of the Day

"When I am finishing a picture, I hold some God-made object up to it - a rock, a flower, the branch of a tree or my hand - as a final test. If the painting stands up beside a thing man cannot make, the painting is authentic. If there's a clash between the two, it's bad art."

Marc Chagall



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Advantages of Switching Credit Cards
 
Switching credit cards is an everyday part of life now whether it is taking advantage of the introductory offers or simply deciding that your existing credit card account is old hand and you are looking for a newer better credit card deal than you have already. If you choose your new credit card wisely the advantages could prove beneficial to you.

Here we are going to look at some of the advantages of switching your credit card and how it may benefit you.

Lower APR

Finding a credit card with a lower APR could be beneficial to you if you do not pay your credit card balance in full every month. Having a lower APR would mean paying less interest on your outstanding balance. (Do be aware of the minimum payment warning; always try to pay more than the minimum payment.) If you had bad debt in the past and could only get a high interest credit card then you may now be able to get a credit card with a lower APR.

Reward Schemes

Does your current credit card have a rewards or cash back scheme included? Are you benefiting from the reward scheme you currently have in place? It is better to find a new credit card that you would benefit from rather than have points totting up for vouchers that you know you are not going to use. I.e. store vouchers could help you with your grocery shopping or if you are a frequent flyer air miles could save you some money on your flights. Think about the reward scheme and ask yourself if you would use the vouchers etc.

Charity Credit Cards

If you have been thinking for a long time about helping out or donating money to your favorite charity chances are they will have a credit card that you can purchase. If you purchase a charity credit card every time you use your card your lender will donate to your chosen charity. People can feel very strongly about certain charities whether it be through losing a loved one or working in a charity environment so having a charity credit card could put your mind at rest knowing that you are helping in some way. You will generally find that charity credit card have all the other incentives that other credit cards have. The same applies to football credit cards, your favorite football club would receive a payment for every transaction you make which would in turn be reinvested back into your team club.

Thinking about switching credit cards? There are many different options to think about so don't just stick to your current credit card out of habit make your credit card decisions work for you whatever your circumstances.

About the author:

Joseph Kenny is the webmaster of the UK credit card comparison site http://www.creditcards121.co m/, where you can find a selection of credit card advice. For US visitors there is also the comparison site http://www.credit-cards-i nfo.com/ for all US interest free offers.



Credit Cards News


Rate survey: Credit card rates hold steady for 2nd week
CreditCards.com
By Kate Tomasino The average interest rate on a new credit card offer remained unchanged this week, according to the CreditCards.com Weekly Credit Card Rate Report, though issuers are still tweaking APRs. For a second straight week, the average annual ...
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Bloomberg
Visa Profit Exceeds Estimates as Credit-Card Spending Rises
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8 (Bloomberg) -- Visa Inc., the world's biggest payments network, said fiscal first-quarter profit climbed 16 percent as consumers increased use of credit and debit cards. Net income for the three months ended Dec. 31 rose to $1.03 billion, ...
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Financial Times
China OKs Citi Credit Card Biz
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Credit-Card Borrowing Surged Over Holiday Period
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Amex pushing more cards with annual fees
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