answersLogoWhite

0

If you carry a balance, then it's better to have a low interest rate. If you do not carry a balance, then the interest rate doesn't matter at all.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

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.


What is the interest on an express credit card?

The interest on an express credit card is 8.7%. They are not a very good alternative to a regular credit card such as a visa or mastercard because the interest is very high.


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 a low interest credit card offer be found?

I have had great luck with credit karma but often the better your credit score is the lower your interest rate offers will be. If you re perceived as high credit risk your not going to get a low interest rate.


Is the interest rate on a Debenhams credit card high?

The interest rate on your Debenhams credit card will be dependent on your credit score and your likelyness to pay your credit card on time. The first 6 months to years interest rate is usually free.


Can you pay your credit card bill by another credit card?

Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.


What is the interest rate on a Union Plus credit card?

The interest rate on a Union Plus credit card, which is issued by HSBC, isn't disclosed until an application is submitted, but can be as high as 23.4%. The interest rate on cash advances is also as high as 23.99% with this credit card.


Is it dumb to pay high interest rates?

The interest rate you will pay will be a function of the following:The type of debt (mortgage, credit card)Your credit ratingThe term of the debtIn this regard, credit card interest is usually one of the worst. If you are going to have an unpaid balamnce, you are probably better off with a personal loan.


What companies issue credit without personal credit checks?

Credit Card with high interest rates or high annual fees!!!


What are the disadvantages of taking out credit card loans?

Any credit card is a loan. The disadvantages of taking out this type of loan include high interest rates and fees on balances, annual fees applied to most credit card loans, and a high rate of interest on cash.


Is a credit card a loan?

Yes a credit card is a loan but remember the interest rate on these can be quite high comparing to a personal loan.


Can you get get a credit card without a money income?

No. No money means you can not pay for it . A credit card is a loan from a bank with a high interest rate.