Make sure it's not too good to be true
To begin with, a lot of us fall victim to flashy offers and campaigns promising us the world in a credit card, usually only available for a limited time with loads of fine-print.
To begin with, a lot of us fall victim to flashy offers and campaigns promising us the world in a credit card, usually only available for a limited time with loads of fine-print.
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Do you need rewards?
If you know what you’re doing when it comes to Credit Card rewards, and you use your card enough to make the most of them, by all means, go for it. Often a complicated rewards scheme can leave you paying many times more than the value of the reward due to hidden fees and high interest.
If you know what you’re doing when it comes to Credit Card rewards, and you use your card enough to make the most of them, by all means, go for it. Often a complicated rewards scheme can leave you paying many times more than the value of the reward due to hidden fees and high interest.
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Is Balance Transfer a good idea?
Again, if you can get a great low rate for a balance transfer, do your research and go ahead. However, transferring for no reason is likely to inflate your debt due to balance transfer fees, and teaser rates only last so long.
Again, if you can get a great low rate for a balance transfer, do your research and go ahead. However, transferring for no reason is likely to inflate your debt due to balance transfer fees, and teaser rates only last so long.