The best fixed rate credit card offers are the key to stability

Know your financial position
With the best fixed rate credit card offers you know where you stand regarding your financial stability. It is easy to calculate your payments and balance a check book as your payments will not increase. Assuming you do not continue to charge on your credit card, you will always know where you stand. Even if you increase your debt you can calculate your future amount owed and create a timeframe to payoff your new balance. Always know where you stand and always try to plan your purchases in advance. Do your best not to spend on a whim.

Credit card companies’ strategy
Variable interest rates can be your financial downfall. Many individuals apply every year for credit card offers without looking at the long term rates. Credit card companies throw O% credit card offers at you like they are going out of style for one reason and one reason alone. Credit card companies are in the business of loaning money in order to make money. So, how do they do it? It’s simple they are basing their decision on time tested statistics, data. Even though a credit card company is loaning you money; their strategy is to get it back again and again for the rest of your life. With your O% credit card offers introductory timeframe over you are then switched to a variable rate the infamous prime plus a premium.

Credit card companies tools: prime plus and universal default clause
Fixed rate credit card offers put you in a position of power; while variable interest rates put you in the realm of prime plus. Prime plus is a phrase that should make you cringe and if it doesn’t something is wrong. Even worse, if you don’t know what it is, then you should be scared. Prime plus and the universal clause are tools that credit card companies can and will use to get their money back by leaps and bounds. Prime plus is the prime rate plus some extra percentage to put money in their pocket at an accelerated rate. If prime is 5% then that doesn’t sound bad, but prime at 5% plus another 8% and now you are paying 13% after your introductory period has expired. The universal default clause is a tool which the credit card companies use to increase your rate to a premium level that is not in to your advantage. The premium rate can be well over 2O% interest. You might as well barrow from a loan shark. The worst part of the universal default clause is once a single creditor has applied the universal default clause upon your credit report and credit card or loan you have just been setup to have your financial world come crashing down. Once a single creditor has applied the universal default clause, which basically states, they can raise your rate well over 2O%. The credit card companies implement this so they can try to get their money back at an accelerated rate because you are being classified as the highest risk possible. All of the rest of your creditors can and will change your classification from a no to good risk strait to a bad risk on their books raising your rates to well over 2O% as well. Basically ever payment you make to any creditor has just become an interest only payment and it can take months to years to correct your new rating.

Your tools: best fixed rate credit card offers and best O% credit card offers

If you need a short term to pay of your debt 6 months or less then you need to simply apply for the best O% credit card offers with no transfer fees click your tool above.

If you need a medium term 6 months to a year to pay off then you should apply for O% credit card offers which generally over 6 months have a fee and a term usually no greater than 12 months. These types of credit card offers usually have a 3% transfer fee associated with them. If this is what you need then click your tool above.

If over a year or a large debt take all of your debts and transfer them to the best fixed rate credit card offers which have a small transfer fee but a fixed rate for the life of the transfer. Over the long term this can save you the most amount of money, regardless you will improve the value of your payments by transferring sooner than later. If this is what you need then click your tool above.

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