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There's A Catch To Trading Up - Fatal Facts Of Credit Cards

With so much money to make, dozens of credit card companies are out there, and theyu2019re all after YOUR business. When was the last time you were offered a sweet interest rate if you transferred your balance to a new card?It happens daily, and most people fall for it because thereu2019s nothing to lose, right? Letu2019s say the new card offers you a rate thatu2019s half what youu2019re paying now. Sounds great, but maybe the new rate only applies to the portion of your transferred amount. Plus, if you donu2019t charge something on the new card every month, perhaps the rate may go up to its much higher regular rate.

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There's A Catch To Trading Up - Fatal Facts Of Credit Cards

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  1. There's A Catch To Trading Up Feel Free To Call US 1-800-808-1613 Landline 416-848-0469 Fatal Facts Of Credit Cards www.mortgagedeliveryguy.ca

  2. There's A Catch To Trading Up With so much money to make, dozens of credit card companies are out there, and they’re all after YOUR business. When was the last time you were offered a sweet interest rate if you transferred your balance to a new card? It happens daily, and most people fall for it because there’s nothing to lose, right? www.mortgagedeliveryguy.ca

  3. There's A Catch To Trading Up Let’s say the new card offers you a rate that’s half what you’re paying now. Sounds great, but maybe the new rate only applies to the portion of your transferred amount. Plus, if you don’t charge something on the new card every month, perhaps the rate may go up to its much higher regular rate. If you make one late payment, the lower promotional rate may no longer apply, and you again pay the higher standard rate. Ultimately, the new credit card company is the only one that benefits when you transfer. All you’re doing is building more and more debt as you move it around—instead of adopting a strategy to become debt-free once and for all. www.mortgagedeliveryguy.ca

  4. There's A Catch To Trading Up The other strategic problem you are creating for yourself is the potential to lower your credit scores. Every credit card company checks credit reports before extending any credit. Almost all of the credit card accounts get updated on your credit bureau almost monthly, if not more. They report your outstanding balance, the total percentage of used credit, and monthly payments you make to credit bureaus. Your TransUnion and Equifax credit score depends upon all these factors. Don’t rush to click for another cash back credit card. Be extra careful with applying online buttons. www.mortgagedeliveryguy.ca

  5. There's A Catch To Trading Up THANK YOU www.mortgagedeliveryguy.ca

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