What are the bare facts about interest rates Needless to say, knowing the many ways to make low interest credit cards work plus the special secrets needed to apply these techniques is prerequisite for using them beneficially.
People have to realize primarily that high interest rates are never standard.
Otherwise, how would anyone ever be encouraged to make use of these cards.
People who are using these plastic money tokens for the first time and people who have good to exceptional credit records will hardly ever need to worry about not getting low interest credit cards from their provider.
Low interest rates for credit cards is the norm High interest rates always come as a penalty for delinquency.
Although you may have types of low credit cards which advertise higher APRs, these are typically the kind of cards which offer enormous possibilities to the card holder for dramatically reducing his interest charges - sometimes by as much as 1 % monthly.
In other words, with these types of low interest credit cards (for instance, the cash back rewards credit cards), an APR of 24 % would effectively be reduced by half because of the 1% cash rebate that is returned to the card holder for all types of purchases.
The incentives themselves are able to compensate the card owner with as much as half of what he paid in interest, and even more than that.
The misconception that these plastics have high interest rates is because people rarely publicize the fact that they are contented with their low interest credit cards, and most of the feedback we get are from people who have managed to spoil their reputation with their lenders by being habitually delinquent.
Of course there are exceptions.
But that is just the whole reason why careful research is needed before actually signing up for specific low interest cards.
Actually, there are lots of people who have silently been saving or actually earning money from their low interest cards.
But who wants to reveal a treasure trove when they find one? People are possibly wary of advertising the real benefits they get from their low interest credit cards for fear of someone curtailing those advantages.
Getting the cards from the right issuers is important Getting to know the card you are looking to get is critical for success in using these plastics.
The right amount of research should first be conducted.
After comparing interest rates, penalty rates, benefits and incentives, feedback should also be acquired from trustworthy people, if possible, people who are, themselves, using the specific card.
The features of the card are one thing and the good intentions of the issuer are another.
You can discover the integrity of the company giving the low interest credit card by consulting with the government agency in your country that governs the usage of credit cards.
This organization is where anyone who has a gripe about the card he is using submits his complaints and you can find out from the organization's records if the specific card you are intending to get has had issues with its users.
People have to realize primarily that high interest rates are never standard.
Otherwise, how would anyone ever be encouraged to make use of these cards.
People who are using these plastic money tokens for the first time and people who have good to exceptional credit records will hardly ever need to worry about not getting low interest credit cards from their provider.
Low interest rates for credit cards is the norm High interest rates always come as a penalty for delinquency.
Although you may have types of low credit cards which advertise higher APRs, these are typically the kind of cards which offer enormous possibilities to the card holder for dramatically reducing his interest charges - sometimes by as much as 1 % monthly.
In other words, with these types of low interest credit cards (for instance, the cash back rewards credit cards), an APR of 24 % would effectively be reduced by half because of the 1% cash rebate that is returned to the card holder for all types of purchases.
The incentives themselves are able to compensate the card owner with as much as half of what he paid in interest, and even more than that.
The misconception that these plastics have high interest rates is because people rarely publicize the fact that they are contented with their low interest credit cards, and most of the feedback we get are from people who have managed to spoil their reputation with their lenders by being habitually delinquent.
Of course there are exceptions.
But that is just the whole reason why careful research is needed before actually signing up for specific low interest cards.
Actually, there are lots of people who have silently been saving or actually earning money from their low interest cards.
But who wants to reveal a treasure trove when they find one? People are possibly wary of advertising the real benefits they get from their low interest credit cards for fear of someone curtailing those advantages.
Getting the cards from the right issuers is important Getting to know the card you are looking to get is critical for success in using these plastics.
The right amount of research should first be conducted.
After comparing interest rates, penalty rates, benefits and incentives, feedback should also be acquired from trustworthy people, if possible, people who are, themselves, using the specific card.
The features of the card are one thing and the good intentions of the issuer are another.
You can discover the integrity of the company giving the low interest credit card by consulting with the government agency in your country that governs the usage of credit cards.
This organization is where anyone who has a gripe about the card he is using submits his complaints and you can find out from the organization's records if the specific card you are intending to get has had issues with its users.
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