Wireless Credit Card Terminal

Credit Card And Loan Apr…some Points Of Interest
By Terry Till

When choosing to have a credit card or credit arrangement how
many of us take an interest in the APR or look into how much
our borrowing will cost us over the year that we have a credit
amount outstanding.

The APR or annual percentage rate that is used for a credit
card or credit facility is our guideline as to how much
interest we will be paying to the financial lender on the money
we borrow. With the competition nowadays to offer us credit on
all matter of consumables we can all to easily forget that what
we sign for today on a credit card or credit arrangement will
inevitably cost us considerably more than the original purchase
price if we don’t make some preliminary investigations into the
total cost of the item including the financial lenders
interest.

So when making your next purchase using a credit card, or any
other credit arrangement, be sure to enquire first what the APR
is and what the total cost of the item will cost you including
the interest.

As a basic guideline obviously the lower the APR is, the
smaller the amount of interest charged should be, however it is
always wise to ask for a full quotation of the total cost in
writing when ever possible.

Also check what APR your current credit card is charging and
make the time to see what better offers are being made by the
other financial institutions, it is not uncommon nowadays to
find interest rates now being offered from 0% to the high 20%
range. Again it is also well worth asking how long the interest
rate being offered is guaranteed for as some companies may offer
an attractive introductory rate for a short period of time which
when reverted back to their normal rate may be far more
uncompetitive than others available.

About the Author: Copywrite 2005 Terry Till
http://www.credit-card-offer-deal.info

Source: http://www.isnare.com