Posts Tagged ‘overdraft’
Low interest rates on a credit card is something we all want! 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 is, a lower rate for you means better things? 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 was recently employed in a credit division of a top international bank, and have a working history in the personal finance industry. My tips and secrets will help you to maximise whats in your pockets, not the banks! It really has for both me, my mates and my family.
Some creditc ard banks will get your business by signing you upto a card by offering ’sweet’ deals with periods of low interest or even 0% 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 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 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 really ideal for you. After the ‘honeymoon’ time is over, your often tied into a much higher rate than usual!
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’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…particularly when your banking day to day is done with your card provider, as is often the case!
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.