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Why would a low interest credit card be beneficial to an individual?
Wiki User
∙ 11y ago
A low interest rate on a credit card will save the consumer money in the long run. They will not be forced to pay a lot of extra fees each month and have the worry about that.
Wiki User
∙ 11y ago
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Why would someone use a low interest rate credit card for their business?
Using a low interest credit card for business is beneficial because it keeps ones costs low. Many banks provide low interest credit cards. If a bank refuses, take the custom elsewhere.
Where would a person find options for a low interest credit card?
There are many options for a low interest credit card. Comparing differenct credit card companies yields information that can help you find a card that is beneficial for you and cheap at the same time. For instance, a search found Citicard and Chase offering 0% interest.
How beneficial are CD interest rates?
What is beneficial about CD interest rates is that they are constant for the specified period of time. Sometimes interest rates can go up or down but CD interest rates would stay the same.
What would be my interest rate for a new car credit score 704?
If you are allowed a loan your interest rate would not differ because of your credit score.
Where can one find a credit card that charges no interest?
Depending on the country that one resides in it would be difficult to find a no interest credit card. The company Virgin provides no interest credit cards.
Why would someone use a low interest rate credit card for their business?
Using a low interest credit card for business is beneficial because it keeps ones costs low. Many banks provide low interest credit cards. If a bank refuses, take the custom elsewhere.
Where would a person find options for a low interest credit card?
There are many options for a low interest credit card. Comparing differenct credit card companies yields information that can help you find a card that is beneficial for you and cheap at the same time. For instance, a search found Citicard and Chase offering 0% interest.
How beneficial are CD interest rates?
What is beneficial about CD interest rates is that they are constant for the specified period of time. Sometimes interest rates can go up or down but CD interest rates would stay the same.
Is interest income is debit or credit?
Interest income would be a credit entry, as it increases a form of revenue. If the interest income is received in cash, the entry would be: Dr Cash Cr Interest income If the income was not yet received but will be at a later date, the entry would be: Dr Interest receivable Cr Interest income In either case, the Interest income account would be credited.
Is it good to have a low interest credit card?
Yes it would be good to have a low interest credit card. If you are a large spender and cannot pay your debt in a timely manner you would want a low interest credit card.
What would be my interest rate for a new car credit score 704?
If you are allowed a loan your interest rate would not differ because of your credit score.
What information would I need when applying for a credit card?
It would be beneficial to make an appointment with a financial adviser at your local bank to make sure you are getting the credit card best suited for your needs. You would need to know how much you are likely to spend per month, a suitable interest rate, and if you would like rewards.
Where can one find a credit card that charges no interest?
Depending on the country that one resides in it would be difficult to find a no interest credit card. The company Virgin provides no interest credit cards.
If you were to negotiate a lower interest rate on your credit cards would that affect your credit?
it can be possible because it depends on your credit.
If you have bad credit does having a cosigner with good credit on the loan lower your interest rate?
No. You are considered the primary debtor and therefore the interest rate would depend on your credit history.
What is a reasonable credit interest rate?
The credit interest rate vary from 7% to 36% in the US. When you say reasonable it would be around 20%. But you need really high credit score to obtain a low interest card.
Where can one find low interest rate credit cards?
One can find low interest rate credit cards by consulting with their personal banker. They will be able to advise you on the types of credit cards available and which low interest credit card would be most suitable for you.
