Posted on February - 03 - 2010
With the CARD Act implementation date looming, many changes will be set on the way issuers are able to do things. Under the new law, those that are under the age of 21 will soon be required to have a co-signer, pass a financial literacy course, or show that they have the ability to re-pay amounts that are borrowed. While many students will be able to get a traditional credit card there will still be others that will not. For those that cannot, it look like an alternative will be needed and such an alternatives may be in the form of either a secured credit card or that of prepaid.
As the type of plastic students would probably migrate toward most, secured credit cards have been labeled as the best alternative.
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Posted on February - 01 - 2010
So, you’re looking for a credit card? Do you know what to look for? Do you know that a good credit card is more than just a low interest rate?
If not, then you’re like most Americans that fail to look at all of the features of a credit card before choosing one. For example, if you pay your bills in full each month, a credit card with a low interest rate probably isn’t that important to you; perhaps instead you may want to look at rewards credit cards or those with no annual fee. In other words, a good credit card means different things to different people, depending on their financial needs and wants.
With that said, here is a list of items that you may want to consider when shopping for your next credit card:
Length of APR – Is the APR simply an introductory rate and, if so, what is the interest rate once the introductory period has ended? Is the
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