Fixed rate credit card appear like an attractive option, especially if the credit card with fixed rate of interest is set low. There are many credit card issuers who offer fixed rate credit cards, and combined with a really low introductory rate followed by a low fixed rate, it looks like the best thing to go in for. It could be, as long as the credit card with fixed rates stays that way. But that is not what happens.
Banks and credit card issuers hold the right to alter this fixed rate of interest all they have to do is provide the fixed rate credit card holder a written notice before a specific period. Make sure that you read this clause in the card agreement that you sign with the issuer. Also dont ignore the flyers that look like promotional material that you receive with your fixed rate credit card statement they might be a means to let you know that your credit card with fixed rates are being increased.
If the market lending rates fluctuate, your fixed rate credit card issuer may just inform you that your fixed rate credit card is being converted into a variable rate card.
Benefits of a fixed rate credit card
What can you expect when you...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
