If we can just pay off all of our credit card monthly charges before they fall due, we certainly would do so to avoid paying exorbitant interest rates. Unfortunately, most of us cannot afford such concessions. Thus, we go for the next best thing: a low rate credit card. Read the rest of this entry »

Credit card interest rates – I’m sure you know this is one way credit card companies make profit. You probably also know the reason you get charged interest is because the credit card company is allowing you to spend their money. They are allowing you to use their money for a fee. The longer you use it, the more the fee adds up. The fee they charge is a percentage of the balance owed, and that percentage is the interest rate of the credit card. Read the rest of this entry »