Wednesday, May 25, 2011

Funny Lowest Credit Card Interest Rates - Are Low Interest Credit Cards The Real Deal?

We all want to apply for the lowest credit card interest rates. However, this should not be the only factor when getting a credit card account.
Take time to realize other things about the credit card program and that a zero interest credit card may not always be the best choice. The lowest interest rates for credit cards is zero.

However, some zero interest credit cards will apply high annual membership fees. In this scenario, it is best if you could first know the different regulations that the company is offering to their clients.
Is it OK to get a no interest credit card?
While there are credit card programs that allow you to avail zero interest loans, this is only applicable to purchases that are under installment plans. Zero interest purchases are usually extending only up to 12 months. For other loans like cash advance or car financing, interest rates will be applied.
A low credit card interest will never guarantee you a convenient life. If you fail to pay the monthly dues for a given month, all other loan and debts within that month will be applied with interest charges. Therefore, you will also be fined accordingly.
So the next time you apply for a zero interest credit transfer or lowest credit card interest rates, read the contract or agreement first.

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