answersLogoWhite

0


Best Answer

The advantage of low fixed rate credit card, it allows the card holder to pay for minimum balance without paying for a high interest rate, and not to accumulate a unpayable balance for the future.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are some advantages of low fixed rate credit cards?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is meant when a credit card has a fixed rate?

When a credit card have a fixed rate, you will always pay each month the same rate on your bill. Some credit cards with an annual fee will offer variable rate depending on what kind of card you have.


Are low rate credit cards available in the recession?

Yes, low-interest credit cards are always available. low-interest credit cards feature either a low fixed rate or a low introductory APR. You can apply for a credit card by filling out a secure online application.


Are there any credit cards available with a permanent 0% interest rate?

No, there are no credit cards available with a permanent 0% interest rate. You can however get the low interest rates one at www.which4u.com.au/credit-cards/lowest-interest-rate -


Where can someone find credit cards that have a zero interest rate?

There are several places where someone can go to find credit cards that have a zero interest rate. Websites such as, creditcards, and comparecards, both list credit cards that have a zero interest rate.


How do credit cards affect an individuals credit history?

Credit Cards greatly impact a credit score. In fact, 30% of your credit score is determined by how well you use credit cards. (Utilization Rate). You want to keep your Utilization rate at 20% or less of the credit limit.


What are some advantages of being a business credit card holder?

Business credit cards have several advantages. One, a much higher credit limit is usually offered. Also, the interest rate is usually much lower due to the financial backing from the business itself.


What are some low interest rate credit cards?

There are many different low interest rate credit cards. The most popular low interest rate credit cards are the Citi Diamond Preferred Card, the Discover it card, and Slate from Chase.


What is the best interest rate you can get on fixed rate mortgage?

fixed rate mortgages vary, it depends on your credit history and your credit score. if you have bankruptcy or foreclosures or repossessions on your credit report you will be charge a higher interest rate, it also depends on the term of your loan,


Is there such a thing as a fixed rate credit card if you have excellent credit?

Yes, Capital One and Bank of America are two issuers who offer fixed rate CC to qualified consumers. (I know because I have fixed rate accounts with both).


What credit cards does the Bank of America offer?

Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.


Which company provides low interest rate credit cards?

Capital one currently provide the lowest interest rate on their credit cards. Their credit cards interest start from 1.25% whilst sainsburys is offering 7.8%


What are the advantages of a cheap fixed rate mortgage?

The advantages to a cheap fixed rate mortgage are that they offer rate and payment security in the sense that the rates or payment will never change especially over a period of time.