Tag Archives: apr
Capital One Platinum Max(SM) Credit Card – Review
According to the Capital One website, their Platinum Max(SM) Card is “right for people with excellent credit interested in getting a great rate that they can count on”. I agree with this statement as the Capital One Platinum Max Card appears to actually be one of the better cards currently out there on the market. In order to qualify for this credit card, you must of had another loan or credit card for at least five years. You must currently have a credit card with a credit limit greater than $10,000 and never of been more than 60 days late on any payments of card bills, medical expenses, or loan payments. Also, you must of never have of declared bankruptcy to qualify for this credit card. In short, The Capital One Platinum Max is not an easy credit card to be approved for.
Currently the card features a very low 9.9% APR on purchases and balance transfers. This is guaranteed for 3 years and your APR will not increase just because you make a late payment or go over your credit limit. There are no annual membership or balance transfer fees associated with the card. This is in itself a very important and rare feature on any platinum class credit card. The card is a great money saver for folks who like to travel abroad. There are no additional fees on purchases made outside the U.S.A.
Another group of excellent benefits is the exclusive special savings you can enjoy with the use of your card. It is a snap to easily save up to 40% on featured deals and 10% on everything else at Capital One Saving Zone on Yahoo! Shopping. At this exclusive website, cardholders can enjoy huge savings on thousands of brand name items. The store features various types of goods including Bed & Bath, Women’s Accessories, Home Furnishings, Jewelry, and Kitchen Appliances.
At the time this review was written, the Annual Percentage Rate (APR) was 9.9% at the purchase rate and balance transfer rate. There are no balance transfer fees on this card at the time this review was written as well. The card offers a credit limit up to $20,000.00 (min $2,000). One can also expect to receive the best of other platinum card services as well like extended warranty protection for goods bought, accident and travel insurance, as well as 24/7 roadside assistance. Also remember at the present time the card also features no membership of annual fee. If you ever have any questions of concerns with your card you can also simply just call the number located on the back of the credit card for quick and easy help from a professional staff of caring and helpful people 24/7.
Please remember that at the time this review was written all information was true and correct to the best of my knowledge. If you should decide to apply online for this, or any other credit card online be certain that you have read the complete current terms and conditions.
Homeowner Loans: Crack the best homeowner loans deal this Christmas (Page 1 of 2)
Christmas is not far off for many Brits and their budgeting might have been started of late. They indulge in loans to overcome paucity of funds to make the season one of enjoyment and exaltation. This article brings forth certain ways to click the best deal.
It’s the time of the year when many Brits start making plans for the eagerly awaited season of mirth Christmas. Many of them start preparing their list of purchases and keep making additions till the end. As it’s their favorite festival, they don’t like to have any kind of hindrances on their way to have a gala time.
Monetarily, they make their arrangements well on time for the ecstasy attached with this festival. Perhaps, that’s the reason many Brits take homeowner loans to enjoy the season to its fullest. But many of us get carried away with the festivities and unfortunately, fall in the hands of wrong lenders. To deviate from being ripped-off with heavy interests, there are certain ways that should be followed to get the best loan deals.
It’s dicey to keep your home as collateral with the lender without understanding your loan in detail. A single pause in the repayment schedule can take the possession off your hands. But the benefits clubbed with this financial aid are lucrative and incomparable with others. Before you get into any loan deal, consider all the costs involved like interest, fees, redemption penalty and the like.
Annual Percentage Rate (APR)
Annual percentage rate tells the interest that will be charged on your loan deal. It’s calculated with a typical formula prescribed by Consumer Credit Act. APR differs from case to case. It’s not mandatory that you will be charged as per the advertised rate. Your credit profile does the entire work in deciding about your APR. If you hold good credit scores, your accessibility on low APR is certain. And, if it’s the other way round, you fetch high APR. In case of homeowner loans, people with CCJ, defaults, arrears also get the financial support on account of their home which is kept as collateral. They also get at high APR.
Amount and time-period
Your loan amount also decides about the interest rate. If your borrowings fall in small figures, for instance, £1000 or so, it will come at high interest rates on account of relatively high administration costs that are to be charged for arranging the money. It’s well understood that small borrowings will lead to high APR and large borrowings will have low APR. To find the best loan deal in case of huge borrowings take into account APR, time duration and monthly instalments. Usually, the time period stretches up to the maximum of 25 years calling for easy monthly repayments.
Arrangement Fees
Normally, most of the lenders charge arrangement fees for arranging the finances. This amounts to 1% of the total borrowings. If you do the research work, you might come across lenders that don’t charge extra. You will be benefited by making no additional payments. But for some reasons, your case demands arrangement fees, don’t go beyond 1% of the total loan amount.