Avoiding Store Credit Cards for Engagement Rings
December 23, 2007
Getting engaged is an important time in a couple’s life. An engagement ring will be worn for your whole life. For many couples, the cost of an engagement ring can be really high. How do you pay for a ring without waiting years to save up for it and postpone your wedding?
One way to pay for an engagement ring is with a store credit card. Many jewelers offer these. The problem with the store credit cards is that they have an incredibly high interest rate. You can go and get a regular credit card often for 5 percent or more low interest than the typical store credit card. You’re better off using a regular credit card than a store credit card for engagement rings.
The other option is to borrow the money from friends and relatives and pay it back. You can even offer them a small amount of interest to get the help. This will still come out cheaper than a store credit card.
Credit Card Consolidation to Save Money
December 23, 2007
Credit card consolidation is an excellent way to save money on your credit card bills. You end up paying interest each time that you make a purchase on a credit card and don’t pay the card off. These amounts can add up quickly. Typically the interest rate is very high on credit cards and you can end up paying triple or more for your items by the time the credit card is completely paid off.
One way to avoid this high interest is to get a low interest rate credit card consolidation loan from a banking institution. You can get these for almost half the interest rate you pay on your credit cards. Have the loan pay off your existing credit cards. You will then make one payment a month and pay significantly less in interest rates. Don’t keep using the credit cards once they are paid and you should be able to get control of your credit card debts in no time.
Advanta Business Card Review
December 12, 2007
