Credit Cards and Store Cards Covington GA

Credit cards and store cards work in much the same way and some credit cards have interest rates as high as the store cards, However, if you have a balance on your credit card and cannot afford to pay it off in full, there are ways to use them to your advantage.

National Companies

Merchant Processing Llc
(405) 942-9700
4101 Perimeter Center Dr Ste 113
Oklahoma City, OK
International Banking Services
(870) 702-7962
310 S Service Rd
West Memphis, AR
Transone Merchant Services
(414) 258-7905
10125 W North Ave
Milwaukee, WI
International Card Service
(484) 452-6502
8600 W Chester Pike
Upper Darby, PA
Power Pay
(860) 546-2110
Canterbury, CT
Merchant Credit Card
(817) 277-5894
1115 E Pioneer Pkwy Ste 135
Arlington, TX
Spartan Merchant Services
(281) 477-9287
10715 Archmont Dr
Houston, TX
Card Service of San Diego
(619) 281-8100
4440 Rainier Ave Ste 103
San Diego, CA
Karen Lorenz
(330) 244-1885
6526 Forestwood St NW
Canton, OH
Card Processing
(214) 747-2273
1700 Commerce St
Dallas, TX

Credit Cards and Store Cards

When you reach the checkout at a clothes store, for example, you are offered a reduction on your purchases if you take out their store card at that point. This makes it extremely easy to say yes and many people agree so that they get the discount without checking any of the small print or terms and conditions. The danger of this is that these cards have notoriously high interest rates of up to 29.9% and for many this is the start of the decline into debt.

Credit cards and store cards work in much the same way and some credit cards have interest rates as high as the store cards, However, if you have a balance on your credit card and cannot afford to pay it off in full, there are ways to use them to your advantage. Many card suppliers offer interest free periods for balance transfers. This will allow you to transfer your existing balance on to another card and pay off as much as you can afford for a set period, often six months, without paying interest on it. This can give you a real opportunity to reduce your debt.

If you have substantial debts on credit and store cards and as a result can only afford to pay the minimum payment on each you may well find that for some of them the monthly interest is actually greater than the amount you are paying and so your balances may actually increase. This is a scary situation to be in as there often seems no way out. In these cases it is often worth trying to take out a personal loan to consolidate all your debt. This will have a significantly lower interest rate than many of the cards and will also reduce the minimum amount you have to pay each month.

About the Author:

Mark Lambie is the founder of http://www.loan-source.co.uk a website providing free secured loan quotes. Apply today to find out how much we can save you.


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