Low-interest Credit Cards are not always good especially if you don’t know why you are acquiring it. Besides, applying for every low-interest card that comes into your mailbox is probably the worst thing you can do to your credit score. Before we move on to why is it so, let’s understand what actually a low-interest card is.
Low-Interest Credit Card
It is a credit card with a lower interest rate or APR (Annual Percentage Rate) than other cards in the market. These rates usually range from 6% to 15%, depending on how creditworthy you are. Currently, there are three types of rates applicable to a credit card. Continue reading