Low Purchase Rate Credit Cards

How to use a low purchase rate credit card...

If you want to stop counting the months until your next 0% deal expires and endlessly 'tarting' from company to company when the introductory period ends, then why not relieve some of the stress and save some cash with a low purchase rate credit card.

With a permanently low rate of interest and no obligation to repay the whole balance each month you can end the worry and regain your life.

Making the most of your card:

- The interest free window
At the end of every month many credit card companies offer a time period to pay off your outstanding balance, interest free!

If you can manage to repay your balance in full every month these cards can be just as effective as a 0% card, but for a lifetime and without the worry of huge interest if you miss a payment. Not to mention the fact that it is a far better habit to be in. We all have experience of how easy it is to let things slip and before you know it you have a monumental credit card debt to pay off.

Things to watch out for:

Unlike the majority of credit cards on the market there are no specific do's and don'ts for these cards, or indeed pitfalls, that have to be avoided at all costs, however, it is worth being aware of:

- Variable interest rates
You've probably seen or heard adverts that quote something along the lines of "our typical APR is just X.XX% variable."

Interest rates that are variable, as opposed to fixed, fluctuate inline with the Bank of England's base rate, so be aware that the interest you are charged can vary slightly over time.

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