Chase Freedom Credit Card Interest Rate
Oct 22, 2010 Credit
Chase Bank offers a variety of credit cards with different interest or APR rates. To begin with let’s concentrate on Slate a card from Chase. Slate introduces 0% for the first 12 months. The regular APR later on enforces is as low as 11.24% depending on the market. Apart from Slate also offers 0% liability on unauthorized purchase/ transactions. Blueprint also aids the purpose of paying balance down faster.
There is also the Chase Freedom Visa with $50 Bonus Cash Card. This card enables $50 cash back with your first purchase. It offers a 0% on balance transfers for 12 months and purchases for the first six months. The regular APR that follows the period is 9.99% variable to the market. The best aspect of the card is probably the 1% cash back on every purchase. You can sign up free and get 5% cash on commodities like gas, travel etc.
The same Chase Freedom – $50 Bonus Cash Card association is available with both Visa and MasterCard with an added feature with the interest rate increased to 12.99%. The added feature is that you get up to 10% cash back when you shop with the selected merchants by chase. No annual fee and it also balance transfers like any other card. Of course the APR is subject to change with market conditions.
The same offer is also available with $100 bonus cash card with association with both MasterCard and Visa each. The APR variable is 12.99% subject to market condition. You can shop for your first $799 and get $100 as cash back in the first 3 months. Also, you’re spending on gas, departmental stores, groceries, are subject to 5% cash back quarterly. You will also get 20% cash back if you do shop with merchants signed up with Chase as a part of the program.
Tags: Credit
What Are the Factors That Determine Our Credit Score?
Aug 2, 2009 Credit
Having a good credit score is of the utmost importance as it helps us to avail loans or mortgages at lesser rates of interest, and as such if we know the factors that influence our credit rating, then we can work on them to build a good score.
A credit score is usually rated from 300-850 points, with 300 being associated with a person having the greatest credit risk and 850 denoting the least credit risk. There is a formula which the Fair Isaac Corporation, (FICO) uses to calculate score. According, to this formula, 35% of our score is determined by the regular payment of our bills. If we keep paying the minimum balance for our credit card on time, then we can hope to have a good credit score.
30% of the score is determined by the difference between our total credit limit and the amount we still owe .Thus, we should the minimum possible amount from the credit available to us. 15% of the credit score is made up by the length of our credit history and as such we should always keep our credit cards updated and also not cancel them frequently.
The number and types of credit lines we have, new accounts and new applications for credit cards make up the rest of 20%. Thus, we should always take care to manage all the above mentioned factors properly and should try and maintain a very good credit score always. You never know when an emergency will pop up forcing you to take cash on credit.
Tags: Credit
