This is especially important because of
the generally high interest rates these cards carry.
Not exact matches
Interest rates are
generally a little
higher than what a bank will charge, but it's much less than what you'll have to pay on many credit
cards.
If you have fair or poor credit (
generally scores between 550 and 699), you may get a
higher interest rate if you are approved for the
card.
I find that a lower
interest rate personal loan is
generally the better route to take for those with
higher credit
card debts.
However, other kinds of debt, like the kind from credit
cards, can be some of the most expensive and damaging debt we accrue in life because
interest rates are
generally extremely
high and many people get used to spending on things they can't really afford.
Compared to business lines of credit, credit limits on business credit
cards are also
generally lower and
interest rates are
generally higher (especially on cash advances).
These credit
cards generally approve applicants regardless of their credit histories, though there are annual fees and usually
higher interest rates to pay with secured credit
cards.
Generally for
higher - risk customers, credit
card issuers usually charge a
higher interest rate.
In fact, you're only adding extra
interest charges to an existing obligation, since credit
cards generally carry
higher interest rates than student or auto loans.
Generally speaking, the
interest rates on secured
cards are
higher than those for traditional credit
cards.
Generally, credit
card lenders would never reward people with average credit, only giving them the option of one or two credit
cards that had
high interest rates.
Unsecured credit
cards are ideal if you have good credit and want to take advantage of lower
interest rates, perks, and
generally higher credit limits.
(To see what penalty
rates are like by issuer see our credit
card interest rate article here)
Generally speaking, this can be anywhere from 10 - 15 %
higher than your original APR and the
rate can apply indefinitely.
It might seem like easy access when you need paper instead of plastic, but there's
generally no grace period on cash advances, meaning you'll be charged that
high interest rate starting from the moment you hit «Return
card» on the screen.
This is because credit
cards generally have
high interest rates.
If nothing else, the
interest rates on credit
cards and car loans are
generally much
higher than those on mortgages, so paying them first could be saving the most money.
Interest rates on secured
cards are
generally higher than those on unsecured
cards.
The unsecured
card is
generally less than five hundred dollars, and may have a
higher interest rate than a
card issued to someone with good credit.
A credit
card is an easy way for your company to finance purchases, but it will
generally have a
higher interest rate than other forms of financing.
Credit
cards generally tend to have
high -
interest rates in excess of 20 percent.
«Credit
cards generally have
higher interest rates than other kinds of debt like student loans, so even a small charge on your credit
card will compound on itself, making it harder and harder to dig yourself out of the hole,» he says.
I find that a lower
interest rate personal loan is
generally the better route to take for those with
higher credit
card debts.
Like consumer rewards
cards, business rewards
cards generally tend to have
higher interest rates than
cards that don't offer points or miles.