Credit Card Tips for Consumers
Cardhub.com Provides Interest Rate Advice
Searching for the best credit card can be a headache that stands in the way of good financial decisions for many people. With the addition of several new tools, Cardhub.com has made searching for a solid credit card as easy as updating one's Twitter status.
Credit Card Tips
Some credit cards offer no annual fees while others offer a maximum fee of $200 per year, and should influence one’s decision to pick a specific offer.
Too often consumers waste time and money using the wrong credit card for the wrong purpose. Whether a consumer selects a rewards card to carry a balance or continue to make purchases on a 0% balance transfer card, he can end up losing out because he does not understand the ins-and-outs of the credit card industry.
Cardhub.com
The previous problem was what inspired the Card Hub team to develop the Credit Card Advisor, which leverages the Credit Estimator tool and information about how one plans to use the credit card to find the best credit card deal possible.
When tested, the Credit Card Advisor found common scenarios consistently among consumers. When looking for a balance transfer card, one is recommended a card with a high purchase interest rate but a low balance transfer fee and warned by Card Hub not to make purchases on this card.
Credit Card Interest Rate Advice
The most integral aspect to consider when choosing a credit card deal is interest rate or APR. It can vary widely from card to card, and is also dependent on credit score. If you have outstanding credit, with a credit score in the 700+ range, you should be able to find a credit card with a low interest rate from 5-10%. If your credit score is between 600 and 700, you should be able to find a card with an interest rate ranging from 7-15%. If your credit score is below 600, you'll likely need to apply for a secured credit card, and will be required to pay an interest rate ranging from 12-22%. Look for cards with low introductory rates prior to making large purchases to ensure getting a jump on paying down the balance before the interest rate grows.
Best Credit Card Deals
From start to finish the Credit Estimator and Credit Card Advisor take less than two minutes to use and offers significant benefits to consumers of all levels of financial aptitude. Odysseas Papadimitriou, the CEO of Cardhub.com, launched these new features and expressed his excitement over this new service. His goal is to help consumers avoid needless credit pulls and interest rate disappointments in the search for a credit card that works for them by guiding them to the cards that fit their credit rating and credit needs.
With so many websites proclaiming that they are the be-all, end-all as far as helping consumers find the best credit card deals, Cardhub.com provides value to consumers in such an easy to use suite of tools. By adding new features to their existing card selector; which lets you choose a card based on many factors including rates, rewards, banks and even the ability to put a picture on it; Card Hub has quickly become thego-to-site for credit card information.
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