Posts Tagged ‘borrow’
Credit Cards with Low Interest
Low interest credit cards are something everyone who has credit, wants to have! 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 of the situation is, a low interest card is worthwhile? Why wouldnt you jump at one? You might have heard that they can cost you alot 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 certainly has for my mates and for my family and me.
Some credit card providers will entice you into signing up to their credit card by offering a period of low, really low or sometimes even zero 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 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…
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 aspect is that when you exceed you credit limit on a low rate card, your often charged alot more in fees and penalties than you would be for a normal card. 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…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.