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Unsecured Credit Card Mall expands its directory with low introduction APR and no annual fee credit cards

(PRWEB) December 14, 2005 -- Unsecured Credit Card Mall expands its directory with low introduction APR and no annual fee credit cards

Various people have different needs. Thus the credit card suppliers too have designed different type of cards. Unsecured credit cards do not require a security deposit, so they are intended for individuals with good or excellent credit. Most of the credit card offers out there are for unsecured credit cards. These are usually the best credit cards, since they come with fewer restrictions than secured credit cards.

However, if someone has bad credit, there"s nothing wrong with going for a secured credit card. This type of plastic requires a security deposit. Secured credit cards are generally for individuals whose credit is damaged or who have no credit history. The customer's credit line will represent anywhere from 70% - 100% of the security deposit. Depending on the credit card issuer, some secured credit cards require a deposit for only a limited time such as one year. If the history with the credit card is good, the credit card issuer may extend the line of credit or offer the customer an unsecured card. As long as the money is being kept in the secured account, the customer can be the worst credit risk in the world and still gets offers for secured credit cards. But if he or she does well with their secured card over an extended period of time, the credit card company might re-evaluate the initial decision, and offer an unsecured card. This way a secured credit card can be a gateway to the world of unsecured credit cards.

No matter what kind of credit card offer people choose, the key is to do research first. Unsecured Credit Card Mall (http://www.unsecured-credit-card-mall.com/) helps customers comparing what different companies have to offer and making the best financial decision based on the factors that are important when choosing a credit card. Offers are categorized by purpose (Low Introductory Annual Percentage Rate, No Annual Fee, Cash Back, Reward, Business, Balance Transfer, Student Credit Cards, Frequent Flyer Airline Miles, Gold and Platinum Credit Cards), issuer and credit score. The latter allows people with credit score ranging from bad to excellent to choose their appropriate credit cards. Of course the most important factors effecting the overall credit are listed on the website, such as:
Annual Fee, Annual Percentage Rate (APR), Finance Charge, Grace Period, Periodic Rate, Transaction Fees, and additional services and features.

There are selections for individuals and/or businesses for bankruptcy, and a credit score of slow, average and excellent. The directory now also offers complementary services such as a variety of loan offers.



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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.