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March 08, 2001
By
Bob Buckham
Website:
http://www.best-free-credit-cards.com
>
Low APR Credit Cards: Read THIS fine print!
Switch your $4000-$5000 debt at 19.99% to 2.9% low APR credit cards, but read the fine print first.
I'll admit, it's hard to resist the lure of 2.9% or 3.9% interest rates when you are currently paying 19.99%. But watch out for these things.
Firstly, the low introductory APR period is usually very short, maybe only a few months. So read the fine print before you transfer your balance over from other cards. Remember, it will be replaced by much higher rates very quickly. (Note: banks or credit card companies based in Delaware are not limited by law in the amount of interest they can charge. So watch where your credit card originates from.).
Make sure your payments are on time. If your late for even one payment, even during the APR period, the creditor has the option of switching you to a much higher rate.
So keep an eye on the calendar and read the fine print.
For
more information on low apr credit cards - click here!
> About The Author:Bob Buckham is a successful author and the
publisher of http://www.best-free-credit-cards.com. Many have commented that his website offers the best recommendations, links and information on credit cards. *Webmasters,
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