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Tuesday, October 21, 2008

Credit card search site

Given the current economic conditions and credit crunch, it has become hard for businesses and consumers to get credit. Banks have become increasingly reluctant to engage even in overnight lending to other banks due to the fear of counterparty default risks. Hopefully, the recently passed $700 billion rescue plan in the US as well as other measures taken by the federal reserve banks around the world will ease the credit crunch, and help consumers and businesses get the necessary credit.

In the mean time, another thing consumers have to worry about is the increasing number of layoffs due to the economic slowdown. As a result, regardless of your job stability, it is important to have sufficient emergency funds as a precautionary measure.

Another thing to ensure is that you have credit cards with sufficient credit limits, along the home equity line of credit (if owning home) in place. While they are relatively easier to get while you still have a job, it becomes tough to get them after a job loss. Of course, both the credit cards and home equity line of credit should be reserved for emergency use rather than for vacation or other binge spending.

Additionally, if you are carrying balances on credit card, you can consider doing 0% APR balance transfer. By transfering balances from a high interest credit card to a card offering 0% APR, you can reduce your overall interest charges and debt. In addition, some credit card companies offer opportunities to earn rewards even on balance transfers. Of course, before jumping into any balance transfers, you need to take into consideration any balance transfer, transaction and other fees to ensure that you are still coming out ahead in savings.

Fortunately, there are many good Web sites that enable consumers to search and apply for credit card offers with 0% or low APR balance transfer; cash, airline, hotel, gas, and even charity rewards; or with low or no annual card fees. One such site is CreditBreak.com.

CreditBreak.com has a very intuitive and user friendly interface. Using the various Easier card selection tabs and links on the CreditBreak.com's Web site and specifying the appropriate selection criteria such as 0% APR on Balance Transfer, you can easily and quickly search and apply for various credit cards that meet your selection criteria.

Another useful feature of CreditBreak.com's Web site is what it calls Fast-and-Easy Solutions. This feature enables consumers, who may not have enough time or knowledge to apply for credit card, to simply specify their needs and expectations. CreditBreak can then recommend them potential credit cards based on their specified criteria.

CreditBreak.com is more than simply a site to apply for credit cards. It also provides a valuable library of credit-related articles, including the pros and cons of credit use. Interested in credit card trivia? CreditBreak.com offers an interesting history of credit cards, including the reasons for their introduction and the fact that they didn't initially start out as plastic cards - the cards were initially made of cardboards!

To find out more about the history of credit cards, to review the articles, or to apply for credit cards with 0 APR balance transfer; cash, gas, hotel or airline rewards, etc, check out the following CreditBreak.com links:

0 balance transfer

posted by Ruby @ 7:37 AM

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