Low Interest Credit Cards
Low interest is what everyone with a credit card, and any knowledge of how they work, wants! 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 might be thinking that they will cost you more in the long run? I’ll show you a little more about them, that you might have never known.
I recently held a job in one of Australias top banks, in the credit card divisions, not to mention I have worked for over 8 years in personal finance. My tips and insider secrets could save you alot of money! It definitly has for both me and for my friends and family.
Some credit card offers tempt you with deals of low or even zero percent rates of interest, that seem like a awesome offer. 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, card providers earn the least in interest in the first year you have your card, because they know from years of statistics that card holders spend less in the first 12 months…
After a year goes by, credit card users are 90% more likely to rack up debts and spend more, much to the happiness of card providers…
Ideally, this is not the best situation for you, because after the low rate period is up, you might be tied down to a bigger than normal 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 let you know which ones are the worst too!
Credit card companies also know much more about your spending and borrowing than you might think…especially if you bank with your 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.
