Credit card application, an in-depth review
With so many offers to choose from, how do you decide which offer is right for you? Start by paying no attention to any of the promotional offers. Those low, low interest rates are only introductory rates. After about six months, the honeymoon period ends and the interest rate shoots up to the real, double digit interest rate. The real interest rate is hidden down in a band of small print on your credit card applications, or is printed on the back in a chart that is deliberately dull and confusing. Sort your offers by interest rate, and give serious consideration only to the offers with low regular interest rates.