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High Amount of Rate of Interest

By Neil Farman on November 8th, 2007

Credit card becomes painful when the holder has to pay a good amount of rate of interest. Always compare annual rate of interest when you are going to get a credit card but the problem is that different companies calculate the interest in different ways. Some companies charge interest: the time you make purchase and some times you are not charged for thirty days, some companies provide more than 30 days grace period and so on. Two credit cards, which looks like each other and are suppose to charge the same interest rate; may cost you widely different rate even if you use two of them in the same manner. Still credit cards are very useful and have become basic necessarily for all of us, you just need to use it very intelligently and cautiously.

Read: moneyweek.com

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