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Is a line of credit better than credit cards?

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Answered 2008-03-01 21:53:43

Lines of credit tend to have lower interest rates than credit cards.

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Credit Union credit cards are generally better than bank credit cards as they have a lower interest rate, enforced by federal law. Credit union bankers usually pay $20 for late fees and bank credit card owners can sometimes pay nearly double.

Prepaid credit cards are better than standard credit cards in that you're less likely to get in over your head financially. Standard credit cards are one of the primary ways people build debt but with a prepaid card you can only spend what you already have.

Pioneer Military loans may have better interest rates than regular banks or credit cards, but this depends on your credit. If you have a good credit score, you're more likely to get a better interest rate on a loan.

Yes. Look at all the benefits from several types of credit cards and you will see there are better cards out there. Be open minded, you will find one that fits you.

Standard credit cards can be used almost anywhere, where online credit cards are used solely online. Online credit cards usually have better rates than the traditional credit card as well as more thorough transaction tracking.

Chase credit cards offer a lot of cash back incentives when you use them to charge items. Sometimes, the cards offer one percent cash back depending on what you sign up for.

Yes, you can have as many credit cards from one bank as they will let you. It all depends on what your credit score will let you get. It would be better to get a higher credit limit though then have multiple credit cards to keep track of.

In an economy where personal debt is becoming an increasing problem, prepaid credit cards offer many advantages of regular credit cards without the disadvantage of debt. A prepaid credit card is an excellent option for budgeting without letting go of the freedom that a credit card provides.

Talk to your local credit union or bank about a credit card or business line of credit. Credit unions and smaller local banks are often in a position to offer a better rate on credit cards and business credit lines than their larger national competitors, plus you get to support your local economy.

Barclay credit cards offer various reward credit cards. Orchard bank is an actual credit card that can be used to purchase any kind of item. Orchard does offer benefits that you can use by getting this card and using it.

Generally, paying by credit card does not impact your other credit cards UNLESS you are attempting to get a credit line increase on one of those other credit cards. When you use your credit card, depending on the timing of credit bureau reporting, your credit score may be negatively impacted if you have a balance (whether paid off in full each month or not) that is equal or greater than 30% of the card's credit line. In this case, the score may have been impacted enough where the other credit card company may not grant a credit limit increase.

Prepaid creidt cards are safer than regular credit cards. They work much like a debit card so that when the money is exhausted on the card, the card will be rejected.

The first thing to do is to find out your credit score. If you have any credit cards, pay them down or pay them off. The less that you owe the better. Minimize the number of credit cards that you have. One or two cards is easier to handle than five. Simple things like paying your utility bills on time will also help to boost your ratings.

Interest rates for both home improvement loans and credit cards vary. Talking to several banks about their most competitive credit cards and interest rates will give you a good idea of which would be better for you at the time that you would require the money.

risks is when you are not paying on time. make sure you pay your credit cards not lower than your minimum due. it is always better to pay it in full for you also to increase your credit limit.

There are many benefits to having a cash back credit card because mainly, you get cash back through making purchases with your credit cards. The APR rates are about the same, but they are better to have than regular credit cards because they save you money and have low interest rates too.

Low interest business credit cards have much less low risk than high interest credit cards. Less cost is imposed for the person using the credit card.

Many consider credit cards are more harmful than cash because with credit cards, it is very easy for people to be heavily indebted. Also, many people are becoming victims of credit card fraud.

The interest rates on credit cards vary on who is issuing them and what type of card you are getting. Cards issued by banks usually have a lower rate than cards such as Visa or Captial One.

Capital One has different quotes, terms and services than other credit cards. It also has different interest rates, and annual percentage ratings. All credit cards are different than each other in one way or another.

Sub prime credit cards are cards offered to consumers with lower credit scores, typically under 660 FICO. These cards tend to have lower lines of credit, higher interest rates, and more fees than the average credit card.

Credit Unions are better than banks because credit union are more tailored to their customers.

There is no such thing as a prepaid credit card. There are secured credit cards and prepaid DEBIT cards. yes because if you pre-pay it can be called 'credit' other than that both cards provides the exact same facility. for you question. yes its possible to topup your 'prepaid credit card' with another credit card or using a bank account. however it all depends on whether your bank/credit card company supports such facility. refer to the link provided to know more about 'prepaid credit cards' available and different services provided by them.

There is very little difference between a normal credit card and military credit cards. These cards can be used in the same way as normal ones, and will also have specific credit limits applied. The main difference with a military card is that the interest rates are usually lower than regular credit cards.

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