The Downside Of Low Interest Credit Cards

New York, NY (PRWEB) April 20, 2015

National Debt Relief recently shared in an article published April 14, 2015 how consumers can better understand how low interest credit cards work. The article titled “Advice About Low Interest Credit Cards That May Totally Shock You” lists down some of the things that people might miss out when opening low interest credit cards.

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The article starts off by pointing out that a lot of people are trying to get low interest credit cards but might not even realize that it is not necessarily their best financial option. Of course if the balance is being paid in full every month, a low interest card would not make a lot of difference in a person’s finances.

But for those that are trying to save on interest payment, being able to transfer to a low interest card can mean big savings. But there are also some disadvantages to getting these types of cards. For one, they offer less benefits compared to other cards which could also lead to less rewards and benefits.

The article explains that low interest credit cards can mean no points, cash back or rebates and even the miles that accumulates when the card is used to purchase plane tickets. These benefits are sometimes what people look for in a credit card. The absences of these reward system makes the card less appealing.

One thing that a lot of people might overlook is that getting a low interest credit card is not as easy as it sounds. The article is quick to point out that the option of having low interest on a card is usually given to consumers that have decently high credit scores to begin with. It is not something consumers can just ask their lenders to give them.

To read the full article, click this link: http://www.nationaldebtrelief.com/advice-about-low-interest-credit-cards-that-may-totally-shock-you/


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