Sentences with phrase «currently carrying a balance on your credit card»
It makes no sense to take a trip if you're currently carrying a balance on your credit card and paying 19.99 % + in interest.
http://www.moneysense.ca/ Not exact matches
The credit scores used in most lending decisions currently do not distinguish between folks who carry balances on credit cards and those who pay them off each month.
So, let me just summarize by saying that in addition to making all card and loan payments on time each month, if you want to play it safe with your credit score, keep as many of your cards as possible open and active — even if you don't currently carry any card balances — to prevent, or at least minimize, any future increase in your credit card utilization percentage.You never know when a major purchase might require you to run a balance on a credit card from month to month.
If you're currently carrying a high balance on a credit card, it can be hard to rid yourself of debt.
If you'd like to save money on interest on the balance you're currently carrying, then you're probably most interested in a credit card that charges 0 % interest on balance transfers.
Example 2: If you currently carry a $ 5,000 balance on three credit cards, with an interest rate of 18 % per year, you are paying approximately $ 225 per month in interest on your $ 15,000 in debt.
For example, let's say you are currently carrying a $ 5,000 balance on a credit card with an 18 percent APR and you want to transfer it to the Chase Slate card — which doesn't charge a fee for balances transferred within 60 days of account opening — and offers a 0 - percent intro APR on balance transfers for the first 15 months (then 16.49 % - 25.24 % Variable).
For example, let's say you are currently carrying a $ 5,000 balance on a credit card with an 18 percent APR and you want to transfer it to the Chase Slate card — which doesn't charge a fee for balances transferred within 60 days of account opening — and offers a 0 - percent intro APR on balance transfers for the first 15 months (then 16.24 % - 24.99 % Variable).