subject: Three good reasons to get Low Interest Credit Cards [print this page] What is the interest rate on your credit card, and why it is important that you know something? You see, the interest rate that you are on the card directly to the amount of money you must pay if you have to take credit. This rate will determine how much you pay in the form of monthly financial. Therefore, for each month when you receive notification of your account and regular accounts, youwould you run would cause interest on any amount of balance, that one of next month. Therefore, if the cards are produced using a high interest credit, you discover your absolute dismay that the costs incurred by you as the sum of monthly balance could be completely. If you are tired of the cost of this type, then it is time for you to go card for a low-interest loans. Here are three Reasons Why I want you to give mego for a low interest card.
In fact, I think the main advantage of using this card is the cost to low cost, that is. The financial burden is really on the underside, and so impressive for users of the cards. Let me give an example. For example, if you have a low interest rate cards, the current rates may be at least 11.9%Suppose we have a balance of about $ 500. The cost of this amount would be $ 4.95 per month. But the fact that we make another purchase of $ 500, your balance and then increases to 1.000%. This means that your financial burden will be increased to $ 9.92. Obviously, the more your interest, you probably should have paid more. If you have an interest rate of about 21.9%, then the financial burden that would have to pay 500, $ 9.13 to $Balance. It would be like the balance and double rooms with two double beds. Therefore, you should pay more than your interest rate increases.
The time given to pay be reduced by cards with low interest rates also reduced the period for payment of the balance. For example, if one considers only the sum of about $ 50, because that means clustering can only pay this amount even if there is an additional interest on the account. This means that you have to pay the sum of $ 1,00011.9% of the total population of 23 months. Total interest paid is equal to $ 107.68. Therefore, we find that if you want to reduce your interest, you should pay more than $ 50 as originally planned.
