You might pay more in
interest than a regular credit card.
If you tend to carry a balance, you'll end up going deeper into debt and paying a higher rate of
interest than a regular credit card.
Not exact matches
Interest rates will be higher
than regular bank loans but lower
than credit card rates.
Retail
credit cards also are easier to qualify for
than a
regular credit card, but they typically come with smaller
credit limits and higher
interest rates.
In addition,
interest charges of secured
credit cards are usually higher
than regular, unsecured
credit cards.
Fully paying off your
card balance in full each month — and not ignoring your bills in the mail — is one important step in avoiding the pitfalls of
credit cards; if you pay off only your minimum of $ 38 but your balance rests at $ 1,100, you may still be charged a high APR (and
interest rates can tend to be higher on rewards
credit cards than regular cards).
The Holiday Loan offers a great discount over our
regular personal loan rates, so you can borrow what you need for holiday expenditures and pay less
interest than you would with most
credit cards.
Your cash withdrawal may also be charged at a higher
interest rate
than regular credit card purchases and if you do it regularly, your
credit rating might be affected.
Credit cards typically charge a higher APR for cash advances
than for
regular purchases, and
interest starts accruing immediately.
If you fail to do that, you may be charged retroactive
interest on any remaining balance, at a rate that could easily be higher
than you pay on your
regular credit cards.
Most balance transfer
credit cards offer an introductory
interest rate that is much, much lower
than the rate on a
regular card.
Typically, cash advances are subject to higher
interest rates
than your
regular credit card purchases (20.9 % and higher is normal).
In fact, you'll pay more in
interest than you would using a
regular credit card.
Credit limits may be lower than regular credit cards, but they provide promotional interest rates and other advantages like agreements with certain stores where most students purchase goods and ser
Credit limits may be lower
than regular credit cards, but they provide promotional interest rates and other advantages like agreements with certain stores where most students purchase goods and ser
credit cards, but they provide promotional
interest rates and other advantages like agreements with certain stores where most students purchase goods and services.
Resist the offers to open up a new retail
credit account: Sure, it's great to get the instant 10 percent to 15 percent discount, but
interest rates on retail
credit cards is often as much as 15 percent higher
than regular credit cards.
Most balance transfer
credit cards offer an introductory
interest rate that is much, much lower
than the rate on a
regular card.
In fact, most business
credit cards charge as much or more
interest than regular cards do.
The
interest rates on Travel Rewards increase after one year, but just like the
regular interest rates on a Chase
credit card, you will find that they are much lower
than other comparable
credit cards.