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What would be the advantages of using a credit card that has an annual fee over one that has no annual fee?
Wiki User
∙ 12y ago
Credit cards without annual fees normally have higher interest rates and give you less benefits than ones that do have the annual fees. Depending on how you use your credit card you will have to check out specific deals to find out which type of card is the best deal for your purposes.
Wiki User
∙ 12y ago
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What are 3 advantages of using credit?
Three advantages of using credit would be 1 being able to get a morgage, 2 rent a car and three ability to cover emergency expenses
Do credit cards cost money to keep?
There is often an annual fee, but some credit cards have no annual fee, and this means that they would cost you nothing to keep.
How can I change my Annual Percentage Rate?
The only way that one can change an annual percentage rate on a loan or credit card is to renegotiate the terms of the loan or credit balance with the lender. Another way would be to simply refinance the balance.
Many credit card companie offer low introductory rates of 5.4 percent annual interest what would be the annual finance charge on a balance of 459.29?
24.80
Can I get a free online credit check?
There are many websites that offer free online credit checks for consumers. One would be able to find these free checks on sites such as Annual Credit Report.
What are 3 advantages of using credit?
Three advantages of using credit would be 1 being able to get a morgage, 2 rent a car and three ability to cover emergency expenses
What is the top credit card with no annual fee?
I would have to say Mastercard is a good credit card with benefits. It generally doesn't have a annual fee. Another one would be the Chase credit cards.
Do credit cards cost money to keep?
There is often an annual fee, but some credit cards have no annual fee, and this means that they would cost you nothing to keep.
What are the advantages of having a gas credit card?
You can purchase anything would like using your gas credit card as long as it is from the station the card is issued for. You may earn "points" towards free product or receive gas at a discount if you use your gas credit card to pay for your transaction.
How would someone check their credit in California?
No matter what state you live in, once a year you are allowed to check your credit report for free. You can do this at Annual Credit Report. You will get credit ratings from three of the top companies.
How can I change my Annual Percentage Rate?
The only way that one can change an annual percentage rate on a loan or credit card is to renegotiate the terms of the loan or credit balance with the lender. Another way would be to simply refinance the balance.
What would constitute a responsible use of credit?
A responsible use of credit is paying off your credit cards each month. Another example of using credit responsibly is using it when you need it only.
Many credit card companie offer low introductory rates of 5.4 percent annual interest what would be the annual finance charge on a balance of 459.29?
24.80
What sites let you get a credit check?
Annual Credit Report will offer you a free credit check so you can find out your credit score online. You can also try Credit Karma or Equifax if you would like to seek out other options to perform the credit check.
Can I get a free online credit check?
There are many websites that offer free online credit checks for consumers. One would be able to find these free checks on sites such as Annual Credit Report.
Where would I get information on applying for a platinum credit card?
A platinum credit card is a credit card which usually has a higher than usual credit limit. Also it has more advantages than a standard credit card or a gold credit card.
Why would you want a credit card with no annual fee but a high interest rate?
You wouldn't want a high interest rate, necessarily. However, if you had a choice between a credit card with an annual fee and one without, you would need to see how the interest rates compared. A person with a very low level of debt, such as one who paid out the credit card balance monthly, the high interest rate might not be a deciding factor compared to the annual fee. Remember, the annual fee will also have interest charged on it.
