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March 12, 2001
By
Bob Buckham
Website:
http://www.best-free-credit-cards.com
>
Low Interest Rate 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 on a low interest rate credit card.
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 interest rate credit card introductory 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 low interest rate 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 interest rate 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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