subject: Build Your Credit History With Spanish Credit Cards [print this page] There are a large number of people who fancy to have a beautiful cottage on this Mediterranean coast. But after getting used to the new life in Spain, one of the most crucial jobs you will need to do is opening account in the local banks. To be eligible to open a bank account or to hold Spanish credit card you need to be very up to date with your paperwork. Though a number of local banks charges yearly charges, transfer charges and additional charges for applying for a debit card, you can conveniently cut down such charges with the Spanish credit cards. The interest rates of the Spanish credit cards usually vary depending upon the type of credit card you are opting for. Some of the companies that offer Spanish credit cards also provide special introductory rates and 0% interest for the first year.
It is always better to pay off your bills on time while dealing with Spanish credit cards, as the interest rates are higher than normal credit cards. However, you can also find Spanish credit cards that offer special facilities and services to the card holders. In fact, the concept of debt and borrowing is not as widely accepted in Spain as in other nations like United States and Great Britain. This is one of the reasons that though a number of Spanish people carry plastic money, most of them are very serious about their monthly repayments.
Many believe that this sincerity is simply because of the higher interest rates. On the other hand, a number of financial experts consider that the Spanish market is not properly represented in this sector. Thereby, several credit card companies are coming forward to help this sector to establish their credit history. These companies are also offering several lucrative features and sign-up facilities. It is better to look out for such offers and facilities while opting for Spanish credit cards.
The following are some of the features that you need to look for while purchasing Your Spanish credit cards:
Look for a company that offers 0% introductory APR at least for the first 12 months as a sign-up offer with your Spanish credit card.
Opt for the credit card companies that charge no annual fees at least for the first year.
Make sure that your Spanish credit card provider offers free Internet access to your account.
It is always advisable to verify the duration of the introductory APR as well as the balances to which they will be applied.
by: NIRMAL
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