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Low interest rates on a credit card is something we all want! 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 would you turn one down? 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 a credit division of a top international bank, and have a working history in the personal finance industry. My tricks and secrets, wil save your hard earned cash! They certainly have for me and my friends.
Some creditcard providers will entice your business by offering deals that have low or sometimes interest free catches. For example, 0% credit cards that are targeted at first timers or students, pop up frequently on TV.
Why would they do this? Well, card providers earn the least in interest in the first year you have your card, because they know from years of statistics that card holders spend less in the first 12 months…
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!
Another annoying thing is, if you go over the credit limit with the zero % cards, most banks will charge you penalty interest as high as 30% as well as high or very high penalty fees. I can tell you which ones are the worst 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 you bank 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.