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Monday, 07 April 2008 |
By Ajeet Khurana
 Many people receive credit card offers in the mail, they open them up, they call the toll free number, and they open an account. They do all of this without really looking at any of the materials that come with the offer.
It is dangerous to do this and that is because in all of that information that comes with the card is your interest rate and if you don't pay attention to what your percentage rate is you can end up in a lot of financial trouble.
Pay Attention to the Interest
If you are under the impression that all plastic money is the same you are very wrong. The biggest difference between them is not the way they look or what they offer but their annual percentage rates. This is the amount of interest that you will pay on your account balance.
Rates vary wildly so you really cannot assume that you are getting a specific rate. Paying attention to this one number can save you a lot of money in the short term as well as grief in |
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Last Updated ( Monday, 07 April 2008 )
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