Low Intro APR
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Balance transfer
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Advanta
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So you think that you know what your credit card is charging you huh? Are you aware of all the lengths credit card companies go to to keep people from noticing all of their hidden fees? You need to watch your credit card statements closely or you might end up spending a lot of money on these fees that you did not even know were there. Believe you me, these fees can add up to a whole lot of extra cash over the years.

The following fees are some of the most common, let’s see what they are and what we can do to avoid them.

Grace Periods

Did you know that not all credit cards come with grace periods? Many people don’t. It is just assumed that all cards have a certain amount of time before interest begins to be charged on your purchases, usually about a month. Nope, not all have grace periods and many of the ones that do have shortened them to around 20 days. Since most people don’t even know this they have been paying interest without even being aware of it. Grace periods are becoming a thing of the past, you had better find out how they are affecting your credit card and payments.

If your card issuer has eliminated or severely shortened your grace period you might want to think about getting a new and better card. There are still some good ones out there, they are just a little harder to find.

Interest Rates

Credit card companies love to pay with people’s interest rates. If you are so much as late on your payment one time they can hike your rate up. And the thing is it can be late on any payment. Most things that require payments will find their way onto your credit report and once your credit card company sees it, even if it is not related to them, they can raise your limit.

Late Fees

Do you know what late fees charge you? Most people don’t and reading the contract you signed years ago will not help you either. Late fees have doubled in recent years and since many people still don’t know about the shortened grace periods, wow, these lenders are making money hand over fist.

One way you can try to keep late fees down is to send in your payment as soon as you get your bill each month. Being late with your credit card payments is something that you want to avoid at all cost. First off you don’t want to have to pay late fees, second it damages your credit report. You want to always keep your credit rating in the best shape possible.

Martin Lukac, represents, #1 Loans USA(http://www.1LoansUSA.com), a finance web-company specializing in real estate/mortgage market. We specialize in daily updates, rate predictions, mortgage rates and more. For mortgage rates please visit http://www.RateEmpire.com

Article Source: http://EzineArticles.com/?expert=Martin_Lukac

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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.