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Help With Low Interest Credit Cards |
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The credit card industry has now
become so competitive, that it is totally unnecessary to pay an interest
rate of 20% or more. Now, there are some really good deals starting
at 0% for 6 months. If
you do not have a credit card debt at present, but are planning to take
one on in the future (eg plans to buy a stereo), then one of these
low interest rate cards will be very useful - especially if you can pay
off the debt in the initial six months before the interest rate goes up!!
Even if you haven't cleared the balance by the time your introductory rate
has expired, most of the cards featured here do not hike the interest rate
up to anything extortionate. If you are a long term credit card debtor, it
may be more worthwhile to not bother with a low introductory interest
rate, but to go for a card that offers a permanent low interest
rate. This will be lower than the cards that offer the initially
attractive introductory rate, some number crunching may be necessary to
work out what is best for you!
There are so many 0% Credit Cards available now that you could possibly keep going by taking out a new Credit Card every 6 months! But possibly, it would be easier to run up your Credit Card debt on a 0% card for 6 months, then transfer the balance to another Credit Card with a Permanent Balance Transfer Rate and live with the debt at a low rate of say 5.9 % until the debt is paid off. |