Clever Methods Of Avoiding Credit Card Fees And Interest Rates
Using two credit cards with different closing dates, cardholders can transfer balances between the two cards to avoid interest rates and credit card fees.
Its a well known fact that credit card companies make a living by charging interest rates and other various fees to cardholders. If these fees were not in place, credit card companies would not receive the full financial benefit when consumers use their cards.
Credit cards charge various fees for use of their credit card. The most common fees that cardholders pay are late fees when they send a payment more than thirty days late and the over-the-limit fee imposed when the cardholder makes purchases that are higher than the credit limit. The easiest way to avoid these fees is by making monthly payments on time and by not charging more than the credit limit.
The interest rate is the fee imposed by the credit card company for the convenience of carrying a balance on the credit card beyond the grace period. The grace period varies from one credit card to the next, but is included on the monthly statement. When you do not pay the credit card...
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