If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
.....
Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Zero interest balance transfers have traps 1 February 2010
There are tricks and traps that can make the zero rate offers very expensive. If you miss a monthly minimum repayment on some cards, the zero interest deal is off and the whole balance begins to be charged at a higher interest rate.What is also not highlighted in is the fact that there is often no interest free period on new purchases while part of the transferred balance remains unpaid. A lot of credit card marketing is "psychologically manipulative” according to research by Dr Paul Harrison from Deakin University. To counter that requires careful research through a good financial comparison site such as Infochoice to ensure you are signing up to the card that is best suited to your needs.
