Visa and MasterCard are by far most commonly accepted credit cards, so less commonly used cards such as American Express and Discover often offer special rates for new customers. These rates are worth attention, even if you think that you may not be able to use card as easily as your previous credit cards, because transferring balance to these new cards to obtain lower interest rate may significantly lower your payments. While your AmEx or Discover Card may not be accepted as often, they can be a good tool to achieving your financial goals.

Even less commonly used are credit cards that are store specific, such as gas cards or department store cards, but these cards can offer incredible deals on interest rates. They rely on fact that consumers will often switch their spending patterns to new gas station or store, and this increased revenue makes up for lower interest rates. A slight change in your habits, such as consistently using new credit card at new gas station, can lower payments and improve credit scores.

Researching new credit cards can seem daunting, but by comparing four main factors, which are regular interest rate, rate on transferred balance, rate on cash advances, and annual fee, you can reduce your credit card payments significantly. The author runs finance website http://www.pawninfo.com about short-term loans and payday loans, and any or all of this article may be reproduced in any form as long as there is a link to website. The HTML is Pawn Shops and Short Term Loans

That way you benefit from earning interest on your savings at your bank, but as soon as interest free credit period has ended, you can pay entire bill off without being hit for high interest charges. If you intend to pay off you credit card bill at end of every month, there are many benefit programs and reward packages available.

You can receive award points every time you make a purchase with that card. These points can be redeemed in cash or discounts, and can even be used for purchase of airline miles, etc. Some companies offer a consumer guarantee protection on items purchased with card, and many will extend warranties on those items. Many offer discounts such as car rentals, travel insurance, accidental damage insurance for any products you buy.

Also some companies charge an annual fee for using their card (especially business credit card accounts), so these should be considered against cards benefits. If you are not paying off your monthly credit card bills, look for a card that offers a low interest. If you are paying off your monthly credit card bills, look for additional card benefits. Interest free credit periods are good news for saving money. Credit Cards are an effective, and easy way to borrow money for a short time. Be wise and prudent when deciding to use credit. The bottom line is credit card companies want your business, and there is a credit card out there that can meet everyone's needs.