Robert McKinley Quotes (21 Quotes)

The bottom line is these offers are a marketing gimmick. If you get an offer in the mail, it's important to read the disclosure box very carefully.

Just pay attention. Make sure you're not given a product you don't want.

It's a very expensive way to borrow money.

Play by the rules, ... Don't give them any reason to take it a better rate away or penalize you in any way.

Young consumers are probably best served if they can get a major bank card early on.

It just makes real good sense to carry more than one credit card.

If you carry a balance, you should by all means use this low-rate environment to lower your finance charges and trim your debt. But rather than blindly shop for the lowest rates, consider your credit history and search accordingly. You have to be realistic about your credit, ... If your credit is spotty, don't waste your time applying for a 9 percent rate.

If you're looking to transfer a 5,000 balance, you need to look to the largest issuers.

There are a few scenarios where it could make sense. If you have the right rewards card, or if you use your rewards well, you may get a value that's worth considerably more than the cost.

Creditors get nervous if they see a lot of inquiries in your credit history, ... They may think you're ready to leave the country or something if you just applied for 40 cards.

So it's possible that any rate cut today could be offset by a bump-up in pricing.

The trend this year has been to raise rates because of the increasing number of defaults among consumers,

Making the minimum payment ... is probably one of the biggest expenses any consumer can make, ... You can end up paying for this Christmas for years to come.

They are a concern to a lot of consumers because there is an open check with your name on it.

Vote with your feet, ... Do more comparison shopping. Know what the fees are. Read carefully, and if you don't see something you like, go elsewhere.

There are fees. You may have a balance transfer fee or a convenience fee, and the interest starts right away and the interest rate typically on those checks is very high. Nineteen percent or higher.

We're in an environment right now where there's a lot of strain in the profitability of credit cards, ... Issuers are looking to hit you with fees and those sorts of things.

Don't be swayed by bells and whistles, like reward programs or miles. A lot of consumers are drawn to these, but if you carry a balance, the interest rate may not be worth it.

And even if the you end up not having to pay, you may feel less than jubilant. Being a victim of credit fraud is like being rear-ended, ... It can really ruin your day.

While more conscious of risk, issuers are still aggressively courting new customers. In fact, teaser rates and balance-transfer rates are the lowest they've ever been. You can get zero percent rates that last as long as a year, ... We've never seen anything like this before.

There are sort of give backs with those low rates.