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What type of people benefit from credit with no annual fee but high interest rate?
Wiki User
∙ 13y ago
TD Green Visa Card, TD Gold Select Visa Card, The GM Card
Wiki User
∙ 13y ago
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How does interest free credit cards benefit people?
Interest free credit cards benefit people by making it impossible for them to run into credit card debt. Even if they keep a balance on their credit card, which is most people.
Advantages of selling on credit?
Quite simply, it enables you to sell more to people that want what you have, but are unable or unwilling to spend available cash. This can really help to grow a business. A) If you extend the credit: Another benefit, is that charging interest increases your revenue. The risks are non-payment and running out of available working capital. B) Accepting the credit of others, such as banks: This gives you protection, but there are increased costs, without the benefit of interest revenue.
Which credit card for people with bad credit has the lowest interest rate?
Capital One offers credit cards to people with bad credit. You can sometimes get these with low interest rates as well. Capital One offers credit cards to people with bad credit. You can sometimes get these with low interest rates as well. Visit www.CaptialOne.com for more information.
Is there a credit card for bad credit with no annual fee?
There are several credit cards available for people with bad or no credit, that carry no annual fee. According to credit.com, they have at least six credit cards with no annual fee. Credit.net also has an extensive list of cards, complete with information on each.
Do people with bad credit pay more interest on a home loan?
Generally, people with bad credit must pay more interest on a home loan; however, there are programs existing allowing people with bad credit to reduce their interest rates on home loans.
Is the USAA a good credit card?
a great credit card for people that want a low interest rate, which is aroun 8.9%. also a good credit card for travel rewards, retail benefits, gift cards. Did I mention no annual fee? Also flexible payment plans.
Where can people with bad or no credit obtain credit cards?
Someone with bad credit can find many places online to get a credit card. Some offer true credit cards with no application or processing fees required, although high interest and annual fees may be applicable. Other places offer what is essentially a debit card with very low credit limits.
Why is it people with poor credit scores can still get credit cards?
Because high interest is a bonus for the credit card business.
What is the interest rate on instant loans?
It depends on what loan you get and from where. If you have a good credit score, interest rates can start at something around 6.78% APR. People with worse credit will get different interest rates.
Which credit cards offer the best interest rate for people with poor or fair credit?
Well, I would recommend Visa or MasterCard because they offer great services with their credit cards, even for people with poor or fair credit scores. They also have very low interest rates for their credit cards.
Is it difficult to obtain a low interest rate credit card with bad credit?
Credit card companies provide people with credit cards on the basis that they will earn money from the interest a customer repays. If you have a history of bad credit it is unlikely that you will be able to own a credit card with a low interest rate, as providing you with a credit card seen as a higher risk to the company providing it.
How do people get 0 apr credit cards?
People who have very good or excellent credit scores are able to apply and qualify for credit cards that have better interest rates.
