Get the most out of your low interest credit cards
25 November 2008
It is never a good idea to get into too much credit card debt. Not only can it affect your credit rating, but it can make you struggle to make your repayments and take away money that might be better off in your savings accounts.
Many credit cards offer interest free periods that apply to purchases, so if you're able to repay your purchase during this time, you'll be charged no interest. However, sometimes you just can't afford to do this.
If you are being charged interest on purchases, look for a low rate credit card. Having a low rate credit card can help you save money, rather than wasting it on a high interest credit card.
If you do have a high interest credit card, it could be time to use a balance transfer to a low rate credit card and start saving on interest. The Citibank Clear credit card has 0%p.a for the first six months with balance transfers. So if you pay off your owing balance during this period, you won't have to pay interest. Remember that this deal only applies to the transferred balance, not any purchases you make.
Additionally, the Citibank Clear credit card features:
- 12.49%p.a interest rate.
- Up to 55 days interest free.
- Up to four additional cards.
- Competitive annual fee of $65.
- Access to Visa Entertainment Benefits and Citibank World Privileges.
Apply for the Citibank Clear credit card online today.
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Low Rate Credit Cards
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