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Two
credit cards with the same
attractive interest rate can have
vastly different fees and other
costs. One credit card may offer
rewards or perks that are
appealing to you, while the other
credit card offers only credit.
Think about other services you may
need, such as cash advances or
balance transfers. Some credit
cards offer more favourable terms
for these kinds of transactions
than others. Using your credit
card for a cash advance can cost
you dearly. Interest is charged
immediately from the date of the
cash advance and continues to be
charged until the whole bill is
paid. Some of the so called low
interest cards have interest rates
approaching 20% for cash advance.
Make sure you choose a credit card
that is worth what it costs you.
You should also consider whether
the credit limit is high enough,
how widely the card is accepted,
and the plan's other services and
features. For Further Credit Card
Comparisons go to our website
www.CreditCardsAustralia.com.au |
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