One of the major strengths of the balance transfer credit card is that it comes with a very low introductory interest rate to help you regain your feet and start whittling away at the amount of money that you owe. However, the trade-off for this excellent bit of strength is that balance transfer credit cards also come with extremely high normalized interest rates. This means that once the introductory period is over, the interest rate that you're stuck with is likely going to be quite a bit higher than the interest rate you had on your previous credit card. For people that get rid of the balance during the introductory period or find another card to transfer it to after the introductory period this isn't really a big deal, but for others it can really catch them as a nasty surprise if they aren't carefully researching the card beforehand.
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[Source: Finance: Credit Articles from EzineArticles.com - Posted by FreeAutoBlogger]
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