What is a Long Term Low Interest Rate Card?
At the end of the day not everyone can be bothered to keep switching their balance every six or nine months. If you have a stressful job or a family to look after, you don't want to spend ages continually searching for the best deal of the moment. Maybe you just don't have enough hours in the day to start bothering with 0% balance transfer cards or 0% purchase rate cards. If any of these circumstances hit home, it sounds as though the best and most convenient card for you is a long term low interest rate credit card.
What is a long term low interest rate card?
In simple terms this credit card doesn’t have an introductory rate that expires. It doesn’t offer you credit for nothing then hike up the interest rate to double figures after a few months. This card offers a permanently low rate from the day you take it out!
Who should use one of these cards?
| | 1. If you know that you are unable to pay your balance off in full every month, its worthwhile taking out a long term low interest rate card. With a low interest rate, you will be able to keep up the monthly repayments. You may also be able to afford more than the minimum payment and pay off the debt in full far more quickly than you would with a standard rate card.
2. If you can’t be bothered with the continual rat race of so called “rate tarting” and transferring your balance every few months, then a permanently low APR credit card is the one for you.
3. If financial planning isn’t your strongest point you will want to be safe in the knowledge that you are benefiting from the best permanently low standard rate credit card available on the market. |
