Posts Tagged ‘cr card’
Credit Cards with Low Interest
Low interest credit cards are something everyone who has credit, wants to have! Your ability to save month to month, and overall, is bettered with each small amount your interest rate drops.
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 of the situation is, a low interest card is worthwhile? Why would you not grab one with both hands? 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.
A job I have just left, was in one of the top international banks credit divisions, as well as working for over 8 years in the finance industry. My tricks and secrets, wil save your hard earned cash! It really has for both me, my mates and my family.
Some creditcard providers will entice your business by offering deals that have low or sometimes interest free catches. For example, you might have seen the 0% for 12 month cards that pop up from time to time, often targeting students or beneficiaries.
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 a year has passed, card users are not as afraid to swipe credit cards and rack up debt, which in turn generates big interest bills for the provider…
This is not often good for you, because after the low rate period finishes, the bank can tie you down into a higher than market interest rate!
Another annoying thing is, if you go over the credit limit with the zero % cards, most banks will charge you penalty interest as high as 30% as well as high or very high penalty fees. I’ll also tell you which ones are the worst offenders too!
This is not the only thing to watch out for, these credit card compaines know much more about your spending, lending and borrowing habits than you might think…especially when your banking is done with your card provider!
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.