Low interest Credit Card
Low interest on our credit cards is desireable to anyone with a credit card! The ability for you to save interest, increases with each drop in your credit card interest rate.
My name is James Cameron, and I am a consumer credit expert. This article is only a sample of my favourite credit card market info, for my best secrets and tips, you need to visit my full article here -> low interest credit cards.
Reality is, a lower rate for you means better things? Why would you turn one down? You might have heard they cost you more long term? I’ll show you a little more about them, that you might have never known.
I was recently employed in one of Australia’s top banks credit division, and have worked in personal finance for more than 8 years. My tips and secrets will help you to maximise whats in your pockets, not the banks! It definitly has for both me and for my friends and family.
Some creditc ard banks will get your business by signing you upto a card by offering ’sweet’ deals with periods of low interest or even 0% interest. For example, 0% credit cards that are targeted at first timers or students, pop up frequently on TV.
Why would they do this? Well, credit card providers know from years of statistics, that card users will tend to be the most thrifty in their first year of owning a credit card, so the money they make off it in 12 months is usually small…
After around a year, credit card users are not so worried about swiping the card and racking up debts that the banks and card providers love…
This is, of course not such a good deal for you, and after the year honeymoon has gone, you may be tied into a larger than market rate!
The other fustrating aspect is that when you go over the credit limit on a 0% card, you will most likely be charged both penalty interest and high fees. I can tell you which ones are the worst too!
Credit card companies also know much more about your spending and borrowing than you might think…particularly when your banking day to day is done with your card provider, as is often the case!
Above is only a sample of my favourite credit card saving info, for my best secrets and tips, you need to visit my full article here -> low interest credit cards.
Mail this postPopularity: 67% [?]
Tags: bank, borrow, cr card, Credit, credit card, credit cards, interest, loan, mortgage, overdraft, Personal Finance
Print This Post
Posted in
0 Responses to “Low interest Credit Card”