CREDIT CARD INFO
Low Fee Credit Cards
Low Interest Credit Cards – As the name suggests, these
cards provide substantially low rate of interest.
What is APR (Annual Percentage Rate)
APR is the interest rate applicable to payments that are
spread across a period of time. For example, if you buy a product for
$1200 using your credit card, and choose to pay off the amount over a
period of twelve months, you will end up more than just $100 a month.
The credit card company will charge you interest for making the payments
as EMIs (Equated Monthly Instalments).
The interest rate is calculated and projected annually (even
if you plan to pay of the loan in 6 months). Before accepting a credit
card, make sure you read the paperwork involved and understand the APR.
Look for a credit card that is charging low interest rates, the average
credit card interest rate can is around 15%.
Balance Transfer Credit Cards
Many credit card providers offer you the option of transferring
an owing amount from an existing credit card to a new credit card offering
6-12 months interest free period. This can be excellent way of buying
something without the need of a personal loan. These credit cards have
what is called balance transfer periods.
Interest Free Credit Cards
Most Australian credit cards now offer interest free periods.
This Interest periods are time periods wherby you can use your credit
without paying any interest. Typically credit card providers are offering
up to 55 days.
Reward Credit Cards
If you plan to spend large amounts on your credit then
it might be worth considering Reward credit cards. Rewards credit cards
come with fabulous features like travel insurance coverage, reward points,
and many more. Many reward features can be also be found on Gold &
Platinum cards.
Gold & Platinum Credit Cards
These credit cards come with fabulous features like travel
insurance coverage, reward points, and many more.
Whether you choose balance transfer, frequent flyer
points, low interest or even no annual fee, you will find plenty of varying
options available in the current market.
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