Tag Archive | “apply for a new credit card”

Costs and Fees: FAQs About Credit Card Fees Part 3

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Question: I have been offered by a company that it will help me to get a low-rate card for a high fee. So my question is that, Is this my only option for a low-rate card?

Answer: No, in order to get a low-rate credit card, you don’t have to pay. For reaching a national bank, you surely don’t need a middleman.


Your credit history will remain what it is. What you can do is that you can correct errors in your credit report and then you can rebuild your credit over time, but to pay someone a high fee just for the facility of having them find you a credit card is nothing but just a waste of money. Rather than that you can put that money towards your credit card bills.

People who are just concentrating on their credit card interest rates and making useless efforts of finding a low rate interest card should first review their credit reports, and they should correct any errors that might be there in the report by using the dispute process established under the Fair Credit Reporting Act. You should first do that, so you are putting your efforts in the right direction and after that you can apply for a new credit card.

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December 2010
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