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Using Credit cards as an alternative to loans
Posted on September 22nd, 2011 No commentsCredit cards lend money at a high rate of interest. This makes them a good way to borrow money at short notice and on a short-term basis, but not so good over the longer term. Loans are generally preferred for long-term borrowing. However, sometimes credit cards are a good alternative to loans even over the long term.
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Tips For Low Rate Credit Card Users
Posted on February 20th, 2011 No commentsA popular rule of thumb suggests that any credit card with an interest rate of less than 15.00% can be considered a low rate card. Low rate credit cards are the ideal products for when shoppers are making a large purchase. Whether it is the purchase of a new 50” inch TV or booking a vacation, a low rate card will save users money. Read the rest of this entry »
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Low Rate Cash Advances
Posted on January 11th, 2011 No commentsFinancial advisors usually tell credit card users to avoid cash advances because they typically attract a higher interest rate than purchases. The truth, however, is that many credit card users will require an occasional cash advance. Unfortunately, cash advances tend to be one of the most expensive features of a credit card, and it can be difficult to find a credit card that provides a low cash advance rate. Read the rest of this entry »
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Benefits of a low interest rate credit card
Posted on November 9th, 2010 No commentsA low interest rate credit card is great, providing the convenience of a credit card without charging a high rate of interest. Every credit cardholder should have at least one low interest card at their disposal, simply because it’s cheaper than most other financial products.
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Can I change a credit card after the introductory period has run out?
Posted on September 7th, 2010 No commentsA credit card with an introductory period usually offers a low interest rate for a period of some months, usually between three and twelve months. However, after this time the credit card will revert to a higher interest rate, usually one that’s higher than the standard rate. It is often asked whether a person can change his or her credit card after this introductory period has passed.
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Credit cards lend money at a high rate of interest. This makes them a good way to borrow money at short notice and on a short-term basis, but not so good over the longer term. Loans are generally preferred for long-term borrowing. However, sometimes credit cards are a good alternative to loans even over the [...]