Getting the Best Rates on Credit Cards

How to get the best credit card rates

How many times a day do you receive offers through email? Or that call for a free credit card with some money back offer, along with the possibility of a low introductory rate and other wonderful perks of the credit card world?

So, How to get the best credit card rates?

Look, all banks, credit unions and other financial institutions compete for maximum customers by deluging the public with a myriad of perks to tempt customers into taking their card deal. In reality, a credit card is nothing more than another form of borrowing money to be repaid at a later date.

How to get the best credit card rates by choosing using these factors

In the long run, it is better to choose a credit card that will offer the best rate for your score.
Why over pay interest to the banks? Take your time and compare credit card, terms and fees point by point, prior to applying and accepting a credit card account. Do the best in your selection process to find a credit card that has the interest rate that best matches your particular needs and budget.

The APR (annual percentage rate) is the calculation of the cost of credit credit cards usage fee expressed as a yearly rate. Keep a look out for variable or changing rates before accepting a credit card as some credit card issuers have in the fine print interest rates that can change with the Federal Reserve, LIBOR or on their own economic trends. This offer is called a variable rate program and when you first get your card it is not uncommon for something like an 8% interest rate, however with any economic trends that trigger their index changes, your interest rate may change to 14% overnight (oh, you will get an email or letter letting you know this has happened). Bottom line is you will later have to pay more interest with your new interest rate!

How to get the best credit card rates by using fixed rate or variable rate cards?

So walk on the side of caution and confirm if the credit card your are applying for is a ‘fixed rate’ or variable rate program. A fixed rate card is just what it claims to be with no change in the annual percentage rate, even when economic trends change.

How to get the best credit card rates? You also want to verify if the card you are applying for gives a ‘grace period’. A grace period is a time frame where you can avoid extra finance charges by paying your balance prior to its due date.

Next you will want to check if the card charges an annual membership fee or any other associated transaction fees. In the long run, it’s better to select a credit card company that is offering the lowest additional costs! With more additional costs there are, the more money you will have to pay the card issuer! We have seen card issuers that advertise on TV and even sponsor a NASCAR race car, that charge $8.99 per month for a $500-$1,000 credit line for bad to good credit.

In conclusion, when sourcing credit cards, it is in your best interest to consider if the credit limit and associated fee costs are suitable for you. Once you weighed out your offers, only then should you apply for the credit card (also, you don’t want any extra inquires on your credit report that will hover there for the next two years!). To get the best rate on a credit card, read all the fine print and make sure you understand all terms and conditions of the card before submitting the application.

We hope this article helps you a bit more in your quest for credit, and we do hope you can maintain and grow your credit score!

Visit our financial products page for great credit card offers from top issuers

How to get the best credit card rates

Get A Small Business Loan

How to get a Small Business Loan – Part 1

We have the solution for small business loan along with a full complement of proven lenders along with their requirements.  Structure is a key component, just as a solid foundation is to a building.

The first decision you need to make as you launch your business is what kind of organizational structure it should have. Should it be a sole proprietorship? A partnership? A corporation? A LLC? A Trust? A Non-Profit?  Lets examine the types of legal entities that are available for use as a business and the pros and cons associated with your. Once you decide which one is best for your situation we will begin the process of acquisition or conversion from one type to another….S- Corporation … LLC … C-Corporation … Sole Proprietor … Partnership … also the benefit of a COPES qualified entity.

Also you may need to do an Application for Registration of an Assumed Business Name or in some states it is called a Trade-name / Trademark or Service Mark for some sole proprietors. You will have to file this with the Secretary of State if you plan to start a sole proprietorship, general partnership, or association. Once approval is given, your business name will be registered with the state.

We highly recommend a trademark / servicemark for every business. This identifies you as a real operating company, not to mention that a trademark / service mark can be used as collateral in a large loan situation as it does have value to the business. This is a credit cheater spoiler!

No Articles / By-Laws / Operating Agreement – No Bank Account – No Business Credit – No Small Business Loan!

Corporation – Articles of Incorporation. These are required of corporations or individuals who wish to do business in every state through a corporation legal entity. Nonprofit corporations must also file Articles of Incorporation.

You will also need to prepare what is called the company by-laws that direct the company on its operations.

LLC – Articles of Organization/Operating Agreement. File these with the Secretary of State’s Office if you want to form a limited liability company.

You will also need to prepare what is called the company Operating Agreement, which is the LLC’s version of by-laws, that direct the company on its operations.

Pick an Address!

The Business Location is important for commerce and that relates to getting a small business loan!

Location – Location – Location is what you hear in the restaurant and auto sales industry along with a plethora of other retail businesses.

With most full blown businesses a commercial location is ideal and required for many businesses, however many times a new business cannot afford the cost of a separate location nor really need this expense. Take for example internet bloggers, webmasters, internet advertising and marketing companies really have no need for a full blown office, unless the owner has additional employees or finds working from home too much if constantly suffering interruptions or can’t stay focused due to some other forms of distraction.

Do the majority of our clients have a full blown retail location? No way! Most of them cannot justify the added cost based on the fact that they may work on the internet or telephone all day. So, the only viable options left to one is either a virtual office $150 per month, executive office $450 per month (or thereabouts). When using this strategy avoid the extremely large virtual office companies – you know the first 10 that show up in a google search. Use the small provider in that area as they most likely have not had any business failures or defaults at that address, unlike many of the larger virtual offices.

To learn more you can continue to part 2 or better yet enroll in the business credit e-course or purchase the Credit Mastery Books to help get a small business loan.

#businesscredit #smallbusinessloan #sbaloan #businessloan #credit #howtogetasmallbusinessloan

Consider Renting Money

Yes, We did say Renting Money!

Actually, we are talking a strategy using Certificates of Deposit to become what is known in banking circles as a centre of influence.  This is what some also call leasing a Certificate of deposit to be used not as collateral, but an influence or deal closer for a lender to issue funding. Renting money is easy!

Lower Rates in Effect for A Limited Time! Normally the rates are 4 – 7 % of the Face Amount of CD’s

Our Provider made a Special Arrangement for an unknown period of 3.975% on all agreements over $10 Million.  Yes, you can have the influence of  $10 Million Dollars deposited into your USA Bank or Credit Union.  These funds can remain with your insured lender for up to 5 years!

The use of a Certificate of Deposit as a strategy to obtain a loan is a very viable funding tool when applied in the proper fashion. This method will work if you identify the needs of the bank and you the borrower.

As you will see, the beauty of the Certificate of Deposit strategy is the fact that it creates a win-win(-win) situation for all involved. You get your funding and the financial institution (lender) gets funds to use as per their normal operating procedures. We also included a third win as if it is a buy-sell transaction where the seller or buyer also wins because this caused the deal to close.

There are a few very important conditions all clients and lenders must agree adhere to when using our certificate of deposit services. First, the deposits cannot be encumbered, pledged, put in jeopardy, used to collateralize your loan, or used to guarantee any loan. Your lender does not reserve the right of offset against these certificates obusiness credit, credit repair, business loan, credit sweepf deposit. No funds can or will be deposited into client’s bank account or in the name of the client – certificate of deposit funds remain in the owner of the funds name without exception (See Verify on Demand chapter should you need funds in your name or company name). Only your Banker will have access to the funds used to purchase these certificates of deposit based upon the banks operations and rules. These conditions are specific and cannot be altered. However, the applications for using the certificate of deposit strategy are endless – renting money

ISG3 will arrange for the purchase of “Certificates of Deposit” in the amount you request $500,000 minimum to $50,000,000, at any acceptable insured (FDIC, CDIC, privately insured, etc.) financial institution YOU request. International deposits can be arranged under certain specific conditions.

Email or call us to get started with the Certificate of Deposit strategy, complete the form and put your fee into escrow, then approximately 10 business days funds will be deposited.

We have included several examples of our certificates of deposit program in real world use in the Credit Mastery Advanced Funding Tools book. These are just examples and there are many, many other potential uses for these once you understand the value of this product.

Worst Business for Funding

If you want business funding, here are a few business types that are the worst at the beginning of 2017:

  1. Real estate investing or anything else regarding investing of any type
  2. Car sales
  3. Adult entertainment
  4. Travel industry
  5. Money lending/collecting
  6. Restaurants
  7. Dry Cleaners
  8. Transportation is getting bad due to failures of the major trucking companies over the past few years.

Electronics and Software seem to still be consistent, but keep in mind that your business plan and financials are the key to hard money lending.