Ways to Save Money on Credit Cards
November 4, 2007 | 2:18 pm | by t-blender |Rate It:
pickthebrain.com: Too many consumers sign up select a credit card offer by looking only at the credit limit and don’t give a second thought to whether they are getting the most out of their cards. There are a number of items you can do with minimal effort to significantly improve your financial situation when it comes to credit cards.
Here are the top five things we suggest you look for when selecting a credit card:
1. Look Out for Two-Cycle Billing
A little known trick many credit card companies practice is something referred to as two-cycle billing. With the standard one cycle billing, the interest you pay is based on your average balance for the month. Not so with two-cycle billing, where the interest you pay is based on your average balance for this month and the previous month. This makes it more difficult to get out of credit card debt because when you’re working towards paying off your card.
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