Generally, customers who carry a balance from month to month on a rewards card will end up paying more interest and finance charges than they will earn in rewards. (complexsearch.com)
* Unlike traditional first or second mortgages, a HELOC interest rate is not fixed; the rate varies from month to month with the prime rate. (pennymacusa.com)
In addition, the low variable APR is handy for those who think they'll be carrying a balance on their credit card from month to month at some point in the future. (magnifymoney.com)