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Balance transfer
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platinum Cards

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If you’ve got a credit card did you know that you can do more with it than just use it for payments?

For one you may receive a credit card cheque book which will enable you to pay with your card account via a cheque. For those times when a credit card will not be accepted.

You may also have the opportunity to get a cash advance. A means of withdrawing cash directly from your credit cardeither from a cash machine or directly to your bank account. This is great if you need cash in an emergency. But there's a catch to both these credit card account features, so be wary.

You Will Pay Much More Interest for the Service
Almost all credit cards charge a much higher interest for credit card cheques or a cash advance. You may forfeit any interest-free period, which means that you will start paying interest on the money the minute you spend the money. You will also find that most cards will also charge a fee each time you take a cash advance or use a credit card cheque. Plus using an ATM could raise the fee further still.

You Will Pop Up On The Credit Company Radar
Whenever you use a credit card cheque or take a cash advance, you’re revealing the fact that you’re not just using a credit card for it's convenience, you really do need the money. This will be recorded and noted in the credit card company’s records and mark you as someone who possibly shouldn’t receive the best deal. As they see it, you won’t be going anywhere.

Spend With the Credit Card Where Possible
Try avoiding using cash to pay for small things and only to find you have to take a cash advance or use a credit cheque to pay for bigger things. Instead do it the other way around. If you’re in a situation where you’re relying on a cash advance, you should start using your card for the smaller things where you wouldn’t usually consider it, in order to avoid taking the advances and paying the extra interest. Think carefully how you spend.

There are few bills now that need to be paid for with a cheque, consequently there are fewer reasons to ever use a credit card cheque. If you’re willing to make a call and wait in their queue for a while or there's a facility to pay online, the chances are you can get them to accept a credit card payment. Most companies accept credit cards now. The fact is they're loosing out if they don't.

Be Wary Of Cash Advance Limits
If you start to rely on cash advances, you’ll eventually run into an advance limit. The credit card companies don’t advertise it, but many of them have limits on how much of your balance can be cash advances and how much must be in purchases. Check these limits before you start taking cash advances.

Cash Advances Get Paid Off Last
When you begin to pay back your credit card balance, most lenders will put your payments towards the lowest-interest money, your purchases, first and once this is cleared towards any other lending. This being the case you will always be paying the higher interest on the cash advance or cheque until you clear your credit card debt completely and get your balance back to zero.

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Yes, low APR credit cards are on the rise. Many credit cards are competing for your business to give you the best and lowest rates available today. There are so many credit cards from you to choose from that they are doing all kinds of things to get your attention including lowering their interest rate and giving you no annual fees.

Why is this happening? Because there are so many credit card companies. They all want your business and this is an attractive incentive to get you to apply and own one of their credit cards. If you choose a low APR credit card over one with 19.99 percent you are sure to go with the lower APR.

The only problem is that sometime these 0% and low APR credit cards are only promotional ways to get you to apply and then later your interest rate will rise. Many credit card companies have low APR credit cards for a certain amount of time such as 3 months, 6 months and some up to one year. You will have to compare to find out which one keeps the lower APR after the promotional period to ensure you are getting the best deal around.

No matter what the reason low APR credit cards are here to stay as long as the companies are competing for your business. Just remember to compare everything they offer besides the lower interest rate. You may find that several credit card companies are now offering other wonderful incentives for you to apply with them such as reward programs.

No matter which company you choose, you will enjoy the low APR credit cards even if it is only for a limited time. You will be able to save money on your purchases because you will not have to pay any interest until the promotional period is over. Just be sure your balance is very low when the interest rate kicks in and you will be fine.