12 Months

Posts Tagged ‘12 months’

0 Percent No Interest Credit Cards and canceling them?

My wife and I credit has always been in the low 800’s(which I consider good). We have a total of 3 credit cards. Two in which we use all our purchases for and pay off each month and the other(the non interest) in which we use for things outsidte the ordinary(i.e. dental expenses, health care, trips booked online, home expenses). We usually get a 10K limit and at the most spend around 4K and each month, then I pay 200 dollars a month and at the last month of the no interest pay it off with my tax refund which exceeds the balance.
Once that is done we cancel it and get another one in which is usually 12 months no interest.

I heard that this can hurt your credit, but ours has remained the same. Please let me know if there is anything we should do differently.

Again, need to emphasize that we keep two revolving ones open for the last 10 years which shows good payment and have no debt at all Thank you.

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Which credit card is best for balance transfers?

I need to transfer my balance from my credit card to a new one. Any credit card that offers 0% interest for 12 months or a low interest for the life of the balance?

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Is it bad to have had a bunch of different credit cards even if you’ve canceled them?

I always get the credit cards with 0% introductory interest rate and then once the 6 or 12 months or whatever the time frame is for teh introductory rate runs out then I cancel the card and get a different one with 0%. I usually only have 2-3 active cards at one time but is this hard on my credit to have had all these different cards even though I cancel them.
P.S. I have also always paid at least the minimum balance or more on time and I always get the full balance paid off before the introductory period is up.
The thing that people seem to be misunderstanding is that I’m not getting new credit cards constantly.I get a new one maybe once a year or every 15 months so they aren’t doing credit checks all the time. Plus I do have one card I have had for years so that helps to raise my credit. I’m not in huge debt and just moving the debt from card to card..as I explained before I pay off every card before I cancel it. I have good credit from a recent credit report. That’s not the issue! I just want to make sure it doesn’t lower my credit score by doing this.

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Buying Apple MacBook Pro on Credit Card – 0% Purchases?

Hey

I am a new student and can afford other stuff and accomodation however I have no computer. Neither desktop nor Laptop. It is really depressing me and so therefore rather than get an awful and upsetting 400 pund starter laptop I thought just invest in the Macbook Pro.

I would however need to buy this on a credit card. Therefore I have done this

http://www.moneysupermarket.com/cards/results.aspx?cardEnquiryId=2679425

If I got the 0 per cent for 12 or 9 months on purchases does that just mean I do not pay interest up until those months have expired but I still pay for the MacBook or I pay nothing until 9 or 12 months and not even money towards payment off of the Macbook Pro.

I would buy it on one of the above credit cards and not the extortionate Apple Finance plan credit card rate. Am I doing the right think? Help mme understand my queries. Cheers

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If a credit card is offering me 0% APR for 12 months what does that mean?

Does that mean if I spend 00 I can break it up into 12 payments of 0 and not pay any interest on that monthly balance for 12 months?

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Plz help: Seeking to maximize my credit rating in order to be accepted for new cc?

Hello,

Thanks for reading my post.

I would like to apply for a low-interest credit card that offers 0% interest on purchases for 12 months so that I might use it for an upcoming trip this summer. In the interest of maximizing my chances of being offered a card, I am posing my query here, respectfully asking those who are knowledgeable about this subject to take a look at the some details regarding my current work/financial situation and advise me accordingly.

Note: please understand that this is not an inquiry into a scenario which could lead to deliquent accounts; I will most definitely have the means to pay my debts.

My credit is currently classified as "very good", but I know I need to clean up my credit a bit. Currently I have four cards with zero balances (fully paid), but I might have another two cards, also fully paid, that were never cancelled (I just stopped using them four years ago). Obviously, I don’t need—nor do I want—-four open accounts, let alone six, and I plan to pare down to two. But I would like one of those two cards to be the new card I would apply for.

How could my current credit be modified so that I would have the best chance of being accepted for this new zero-interest-on-purchases-for-twelve-months card? Should I close all but two credit cards I currently have open? (I especially want to close the two old accounts I previously mentioned which could still be classified as "open" on my crredit report, but I no longer have those account numbers because I haven’t used them in years. How can I go about closing these accounts? Would that information be included on my credit report?) In other words, does the number of open accounts affect my credit even though all of them are fully paid? If so, what would be an ideal number of accounts to have open as I apply for the new card?

Finally, I will take my trip in mid-May. If I applied for and received a new card in, say, March, when would the 12-month period of zero balance on purchases begin? The moment I am approved for the card, the day the card is activated, or when I make my first purchase?

If there is a better website to post these types of financial questions, I would appreciate any links. Thanks in advance for your help.

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Should I use a credit card with a 0% introductory APR for 12 months to pay for a year’s worth of car payments?

Hello all, my car payment is 5 per month, but I always pay 0 per month or 00 a year. The interest rate on the car loan is 6.24%. I have an excellent credit score and I know that there are lots of credit cards with 0% for 12 months. I figure I could pay ,000 of my loan with a 0% card and save myself upwards of 0 on interest this year. I could put the 0/month that I would have paid into my liquid money market account for the year and earn another or so for a total savings of about 0. Then before the interest kicks in on the card after 11 months or so, I could pay it off out of my money market account. Would this be wise? Is there anything I am not thinking of here? Thanks for any comments

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Does anyone know of a credit card that offers 0% on transfer balances and no transfer fee?

I am looking for a credit card that offers 0% for 12 months on balance transfers and NO transfer fee. Thanks

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Student loans transfer to 0% APR Credit Card?

I have some student loans. I plan to transfer it to my credit card that offer 0% APR in 12 months. Would this be a wise decision or not? I will repay it within the 12 months. That way there will be no interest on my part. However, will this affect my tax refunds, such as decreasing my refunds. Last year I had a huge refund, which I think is due to the student loans that I am paying. Thank you for your educated input!

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What is the best Low Interest credit card?

Hey,
I’ve got a credit score of low 700’s and I need a new card with low interest because I’m going to be making a purchase of about ,600. I’ve got the money to make the payments.

I’d like it to be fixed and and 0% APR for like 12 months.

Anyone have any suggestions?