Credit Card Counseling

By: Tim Grimsley
Submitted: 2007-01-17 16:15:21
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Although I do not endorse the use of credit cards except in extreme circumstances, I do understand that there are times when they are an option. Credit cards should only be used in dire circumstances and only as a means to better financial stability.

This is a small list of the cheapest credit cards available (in terms of annual fees and interest rates), as well as some credit debt consolidation counseling.

The rate of interest on a credit card is one of the chief factors you should focus on when considering a credit card. High rates of interest can lead to higher bills, which is why you should always look for cards with the lowest rates, especially if you plan to transfer debt to the card.

Citi® Platinum Select® Card, for instance, offers 0% APR for nine months, and 9.49 APR after the introduction period. Chase Platinum Visa®/MasterCard®, a comparable competitor card, offers 0% APR for six months and as low as 8.74 APR after the introduction trial.

Discover® Platinum Cards each offer 0% Introductory APR for 6 or 12 months with fees as low as 7.99% after the introductory period has ended. And AT&T even has its own card now. AT&T Universal Platinum MasterCard® offers 0% APR for 12 to 15 months with a 9.49 APR after the introductory period.

Citi, in addition to their Citi® Platinum Select® Card, has a variety of credit cards that offer various rates. Some of their cards may offer a cash back program, which provides you a source of debt consolidation.

If you do choose to use one of these as an option you should always keep your eyes on your end goal. To be debt free. Using a credit card to achieve this is OK as long as you know how to plan it in your budget. I do not suggest carrying a credit card with you, as this will lead to using it on the spur of the moment. Spur of the moment spending is terrible. If you leave the cards at home you will make better decisions when and where to use them and that will lead to better financial responsibility.

T. Grimsley is a staff writer for Wongaa.com. Wongaa focuses on many of the issues facing young Americans today. If you would like to read more about these issues please visit us at: http://www.wongaa.com/album1_015.htm

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