A low annual percentage rate
A prepaid credit card is best for those who believe they might not be able to pay the balance.
No fees for cash advances
no fees for cash advances
For customers who are unlikely to carry a balance on their credit cards, the interest rate becomes less important than the features that the card offers. Benefits such as rental car insurance might be more useful than rewards based on how much the card is used.
Customers who anticipate needing to borrow money using a credit card should look for features such as a low-interest rate, which minimizes borrowing costs, and a generous credit limit to provide flexibility. Additionally, cards that offer balance transfer options can help consolidate higher-interest debt at a lower rate. It's also beneficial to consider cards with no or low annual fees and those that provide access to financial management tools to track spending and repayment.
A prepaid credit card is best for those who believe they might not be able to pay the balance.
No fees for cash advances
no fees for cash advances
For customers who are unlikely to carry a balance on their credit cards, the interest rate becomes less important than the features that the card offers. Benefits such as rental car insurance might be more useful than rewards based on how much the card is used.
Customers who anticipate needing to borrow money using a credit card should look for features such as a low-interest rate, which minimizes borrowing costs, and a generous credit limit to provide flexibility. Additionally, cards that offer balance transfer options can help consolidate higher-interest debt at a lower rate. It's also beneficial to consider cards with no or low annual fees and those that provide access to financial management tools to track spending and repayment.
Cash Advance is the option, but charges/interest may be more expensive that directly using the credit card to directly purchase the item.
Ideally, there would be no fees for cash advances and the same interest rate for all charges, both purchases and cash advances. (Some cards offer both of these features.)
A line of credit is not bad by it self. It would be the balance of the line of credit that might raise some questions.
Absolutely!!! Your credit score would go down and interest might be charged. Would be more of a lose for you. Its better to close it with a paid balance!
'Credit Card 0 Balance Transfer' would appear on your credit card statement if your credit card is paid off in full. This means that you do not have to transfer any money from your bank account to pay off your credit card balance.
Overpayment Payment in advance Credit note issued Deposit received
There are several good providers that provides interest free, balance transfer credit cards. For example, Chase bank and other banks might provide this.