Low interest rates on a credit card is something we all want! The amount you can save each month increases alot for every portion of a percent that you shave off your 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, is a low interest credit card worth it? Why would you not want one? You may have been told that they will cost you more down the track? 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 secrets and tips will save you money! 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. As an example, you might have seen the zero percent deals for say, 12 months, that often target low income earners.
Why would they do this? Well credit card providers know thatin your first year of owning a card, you wil spend less on it that consequent years, so they money they earn in interest is low…
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!
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 can let you know which ones are the worst too!
While this is not the only thing to be wary of, as your bank or card providers know much more than you might think, about your spending and borrowing habits…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.
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