Why have more than one credit card?
With all the convenience and benefits of using credit cards these days, more and more consumers are choosing to have not only one credit card, but two or more. They are finding that there are various advantages in having multiple credit cards. Here are just a few ways that consumers are benefiting from using more than one card.
· Separate Household and Business Expenses: By using a different credit card for family/household expenses and another one for your business expenses, you can closely monitor where your money is going and make changes in your spending habits if need be. Read more
Low Interest Credit Cards
Low Interest Credit Cards – When shopping around for the best credit card, if you can’t find one with 0% interest, look for those that offer a low fixed rate APR or a low introductory APR.
The Good: These are especially good for those consumers who tend to carry a balance month to month. Low introductory rates allow consumers sufficient time to pay down their debts at a much lower rate and therefore save a bundle.
The Bad: The low teaser rates only last between 6-12 months, after which they increase drastically. Read more
