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Choose your low interest credit card carefully
Have you been duped into using what seemed to be a low interest credit card and were shocked to see the rates jump at the end of the period? You are not alone. Thousands indiscriminately use their cards during the introductory period, believing that the rates are low. And then they are jolted awake by the bills.
But there are ways to counter this problem. One of the first things you should do when going for a low rate credit card is read the fine print. Don’t get taken in by the rates. Read carefully before you accept. DailyIndia.com reports:
The best low interest rate credit card will charge a low rate of interest and have low annual fees; several purported low interest rate credit cards have an annual fee as high as $ 60. This can offset any savings that may accrue from the low rate of interest.
Read more: Which low interest credit card is right for me?
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