However, because the APR on the card is quite high, you would likely
not save any money on interest charges.
Not exact matches
If you know you need (or might need) to
charge an amount that you can't immediately pay off, a low
interest credit card can help you
save money in
interest on those purchases.
And don't forget about the
money you would
save on interest charges.
This
not only
saves you time, but also the
money you would've spent
on sky - high
interest charges and late / missed payment fees.
Borrowers who pay off their loans early can
save money on interest since LendingClub doesn't
charge prepayment penalties or
interest after a loan has been repaid.