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Low interest credit cards compared to overdrafts
Posted on August 10th, 2010 No commentsLow interest credit cards are often compared to overdrafts, in that they are both open ended credit arrangements and they both tend to have similar interest rates. There is a large amount of similarities, but there are also some differences.
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How do I find a low interest credit card?
Posted on July 20th, 2010 No commentsLow interest credit cards are still widely available, despite the credit crunch. However they can be a bit harder to find.
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When to get a loan and when to get a low interest credit card
Posted on July 13th, 2010 No commentsWhen someone needs to borrow a relatively large amount of money for a period of more than a few months it is often assumed that they will be automatically better off with a loan rather than a credit card. This is not something that can be relied on. It is often the case that if a person can get a low interest credit card then this will be at a competitive, or at times a lower, interest rate than a loan would be.
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How honeymoon rates work
Posted on July 6th, 2010 No commentsHoneymoon rates, or introductory rates, are low interest rates that are charged on a card when the card is first taken out. It is important that a card holder understands what the difference is between long term low interest rates and honeymoon or introductory interest rate.
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Consolidating balances on to a low interest credit card
Posted on June 22nd, 2010 No commentsMany people at some time or another decide to deal with their credit cards by getting a couple of low interest credit cards and putting their balances on these cards. It is a good method, but it does have a couple of dangers.
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Low interest credit cards are often compared to overdrafts, in that they are both open ended credit arrangements and they both tend to have similar interest rates. There is a large amount of similarities, but there are also some differences.