With so many deals on the market, consumers can have a hard time deciding on the right deal for them. There are many rate options for new customers. These include cards with a 0% interest rate for a fixed period, low balance transfer rates or introductory rates. However, there are also cards which feature a low standard interest rate.
Who Should Get A Single Rate Credit Card?
A single rate can be a useful option for those who are looking to transfer large sums of debt which they are hoping to pay off. As well as transferring balances from other credit cards, new customers are often able to transfer balances from high interest store cards. Some may even be able to transfer outstanding loans to a lower rate credit card.
Is There A Catch?
Unlike other cards, a single rate has one rate for all transactions. This means there should be no extra charge for cash withdrawals, cheques and purchases. It's always best to read the fine print to make sure, though.
To get the best from a single rate credit card, try to pay off more than the minimum amount. This will reduce the amount owed as well as the amount to be paid each month.
What
Additional
Resources
The Awful Truth About Credit Card Balance Transfers
By Gordon
This article aims to tell you the awful truth about how banks apportion the month's repayment of interest by allocating various levels predicated on the different rates of interest that they charge, Read more...
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Additional
Resources
Instant Approval Credit Cards: The Advantage Of Applying Online
By Ed
Getting instant approval for a credit card - and sometimes getting immediate access to use it - can now be done in less than 60 seconds. No muss, no fuss like Read more...
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