Avoiding Credit Card Fees

Avoiding Credit Card Fees
Credit cards are a common form of payment today, especially
with the increase in online shopping, but how do you avoid
some of the high charges associated with credit cards?
Paying off all outstanding balances within one month may
help, but this is often not possible, low interest credit
cards can also be of assistance if their advantage and
disadvantages are taken into account.

The Basics of Credit Cards and Low Interest Credit Cards

When you apply for a credit card the bank or other credit
card issuing company will issue you with a card and agree
to pay for any purchases that you make with this card up to
a certain limit. Many credit cards work in such a way that
if you can afford to pay back all the outstanding balance
within one month you will not be charged interest, but if
you cannot do so the interest can become quite expensive.
Low interest or 0% interest credit cards waive this
interest fee, but they are often only valid for a short
period of time and then the interest rate will often
increase.

When Choosing a Low Interest Credit Card Always Consider
Hidden Costs

Although a low interest credit card may seem very appealing
you should always consider any hidden costs involved - will
there be an increase in interest rates after a number of
months? How long do you have an interest free card for?
What annual credit card fees are there? Always ensure that
you are fully aware of all the terms of the low interest
credit card policy to ensure that you receive the best.

Avoid Credit Card Fees and Charges by Keeping a Careful
Check on Expenditure

One of the best ways to avoid additional credit card fees
and charges is to keep a careful check on your spending.
Even if you do not have a low interest credit card, credit
card fees can be cut and interest rates basically done away
with if you ensure that you always only spend what you can
afford to pay back at the end of each month. Also try to
pay back any excess debt as soon as possible. Where
possible try to collect a savings in your credit card as
this can also help to give you back interest and make you
more money.

The Advantages of Credit Cards and Low Interest Credit Cards

There will usually come a time in our lives when we need
something that we are not immediately able to afford - a
car, a house or some other large item, when this happens
you will need to take a loan and the lending agency will
look at your credit history. It is often more difficult to
get credit on larger items if you have not shown good
habits on using smaller credit cards and accounts. In
addition credit cards can help to save you costs as some of
the costs for a transaction done with a credit card are
passed on to the merchant. Pay day loans are becoming quite
popular whereas a low interest credit card, or 0% interest
credit card, can be a lot cheaper and give you the
necessary money until the next pay day.

Low interest credit cards can help you reduce your credit
card fees and charges as well as enable you to build up a
good credit record and have the money necessary to see you
through each month. It is important, however, to look into
the costs involved and any hidden charges and fees, as well
as whether there will be an increase in interest rates
after a number of months. Always try to follow good
spending habits and keep a check on your finances to help
lower credit card fees and charges, whether you have a low
interest credit card or normal credit card.

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Avoiding Credit Card Fees article by Richard Greenwood,
founder of finance and credit card comparison website
http://www.click4credit.com.au . The site features expert
articles on a wide range of financial topics including
budgeting and saving.

Do You Want To Trade The Forex Market Like The Big Dogs Or Are You As Cool As A Cat?

Do You Want To Trade The Forex Market Like The Big Dogs Or Are You As Cool As A Cat?
I have a dog and also a cat.

I live in a fairly rural part of an island where there is
an abundance of lizards.

Both my dog and my cat like to catch lizards.

Both are very dedicated to the task and spend many hours
each day in this seemingly endless pursuit.

As I have said, both the dog and the cat have the same
goal, and yet they approach the task in very different ways.

Ted, my dog, rushes out as soon as the door is opened, tail
wagging, barking at full cry and starts his ritual hunt. If
he can actually see a lizard he rushes straight after it,
but of course the lizards know he is coming almost before
he has left the house, and they retreat in a flash to their
hideaway.

Undeterred, Ted continues his energetic search of all of
the nooks and crannies in which he once saw a lizard.

Rarely if ever does Ted catch a lizard, but he loves to try.

My cat, (no name) could not be more different from Ted if
he tried.

Cat never rushes out of the house, but prefers a leisurely
stretch, a slow but scrutinizing stroll to his favourite
vantage point where he makes himself very comfortable and
then he just sits still, sometimes for hours.

Every once in a while, an unwary lizard moves within
striking distance of what appears to be the statue of a cat
and in an instant, Cat has added another lizard to his long
list of trophies.

Cat is a formidable lizard hunter.

So what has this to do with currency trading?

Aside from being a professional forex trader, I also sell
copies of my forex trading system, The Amazing Stealth
Forex System and I offer a free unlimited email support
facility to all of my purchasers.

I receive, as you can imagine, a great many questions and
comments with two particular themes being received more
often than any other.

One is in relation to my thoughts on what "the big dogs"
are doing and the other is why the system did not
"recommend" any (or many) trades Yesterday - Last night -
This morning - or whenever the particular trader in
question wanted to trade but did not get a system trade set
up.

My answer to the first question is usually similar to this:

I really do not worry about what the "Big Dogs" are up to
as it will not affect my system trading, but if you really
want to know, you can look them up for free at the
"Commitment of Traders" (COT).

And to the second my answer is:

Even a great forex trading system like The Amazing Stealth
Forex System can only alert you to high probability trades
if there are any. The system highlights the opportunity, it
does not control the market.

The most successful traders are the ones who have learned
to have the patience and self discipline to watch and wait
for the right opportunity…..and then they strike.

It was whilst idly watching both my dog and cat that I
realized that if they were both traders, the attributes of
the Ted would put him in the category of the 95% of traders
that lose money.

Ted is all enthusiasm with no patience. Lots of energy but
no self control. Eager to the task but not prepared to
watch and wait.

Whereas the attributes of Cat would easily place him in
the top 5% of traders that make money.

He has a method that works and he sticks to it. Cat is
infinitely patient and has fantastic self discipline. Cat
knows that it is pointless to make a move until the
conditions put the odds firmly in his favour. When
everything lines up, Cat strikes.

For this reason, I highly recommend that you stop trying to
trade like a Big Dog and consider trading like a Cat.

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Martin Bottomley is co founder of Stealth Forex Trading
Systems as well as being a successful full time forex
trader. For more information please visit his website at:
http://www.stealthforex.com