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Is the interest rate on your credit card lower than the interest you earn on your savings?
Wiki User
∙ 13y ago
It depends on the exact terms you get, but in general except for limited-term promotional rates no, it's going to be considerably higher.
Wiki User
∙ 13y ago
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What is a First Savings credit card?
A First Savings credit card is a credit card that you can get if you have really bad credit. However, the interest rate is almost 30% so it isn't worth it.
What savings are offered with an apr credit card?
with an apr credit card the savings are o% interest from my research but also i have found that the apr changes. it changes from card to card like all things.
How can you lower your interest rate on credit card?
Your credit score plays a huge role in determining the interest rate that credit card companies are willing to offer you. Generally, the better your credit score, the lower the interest rate you can expect to pay. You may want to get a copy of your credit score, and see if there are any discrepancies or outstanding debts that you didn't know about. If you can fix these problems, your credit score will generally improve over time, and then you can reapply for a credit card with a lower interest rate, or call your credit card company and see if they can give you a better deal with your improved credit score.
How would you go about converting over from a high interest credit card to low interest credit cards?
First you should run a check of your credit score to see if you qualify for a lower interest rate. If your credit is in good shape many companies are willing to let you put existing debts on a new card with a lower interest rate.
How can interest earn you money and cost you money?
In savings, you earn itOn a bill or credit card, you pay it.Simple
What is a First Savings credit card?
A First Savings credit card is a credit card that you can get if you have really bad credit. However, the interest rate is almost 30% so it isn't worth it.
What savings are offered with an apr credit card?
with an apr credit card the savings are o% interest from my research but also i have found that the apr changes. it changes from card to card like all things.
Why does a person keep transfer credit card balance to another before it catches up with him?
To transfer from a high interest credit card to a lower interest credit card
Where can one find information on the average credit card interest rate?
You can find information about the average credit card interest rate online at websites such as Bankrate and My Credit Union. You can find information on how to lower your current credit card interest rates at the Daily Finance website.
How can you lower your interest rate on credit card?
Your credit score plays a huge role in determining the interest rate that credit card companies are willing to offer you. Generally, the better your credit score, the lower the interest rate you can expect to pay. You may want to get a copy of your credit score, and see if there are any discrepancies or outstanding debts that you didn't know about. If you can fix these problems, your credit score will generally improve over time, and then you can reapply for a credit card with a lower interest rate, or call your credit card company and see if they can give you a better deal with your improved credit score.
How would you go about converting over from a high interest credit card to low interest credit cards?
First you should run a check of your credit score to see if you qualify for a lower interest rate. If your credit is in good shape many companies are willing to let you put existing debts on a new card with a lower interest rate.
Where can I apply for the lowest interest credit cards?
The lowest interest rates on a credit card are made when the person has a good credit rating. The higher the limit, the lower the interest rate also.
What are the advantages of a lower interest rate?
When you borrow money - either loan, overdraft, credit card etc..... - you will not be paying back as much interest. However, there is always a down side. You will not be getting as much interest on your savings. I say borrow a million, and blow the lot!!!!!
How can interest earn you money and cost you money?
In savings, you earn itOn a bill or credit card, you pay it.Simple
What are some advantages of a 0 balance transfer?
When you have a balance on your credit card, you are paying interest. If you can find a credit card with a lower interest rate and a 0% balance transfer, you will be saving money.
What is the difference between a Platinum card and a regular credit card?
The major difference between a Platinum credit card and a standard credit card is that with a standard credit card credit limits are lower than what they would be with a Platinum credit card. Interest rates will differ as well.
What is the average interest on a USA credit loan?
The average interest on a credit card in the USA is around 20 percent. Depending on how good your credit score is, you will get a better or worse interest rate. If you have very high interest rates but continue to pay your credit card on time the company may lower your interest rate.
