Results 1 to 2 of 2

Thread: credit card interest rate

  1. #1
    Suspended
    Join Date
    Oct 2007
    Posts
    2,346
    Thanks
    0
    Thanked 254 Times in 209 Posts

    credit card interest rate

    what percentage rate is fair for a credit card...if you are a good customer...not high risk.

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    20,981
    Thanks
    3,056
    Thanked 2,463 Times in 2,068 Posts
    Blog Entries
    12
    It is unsecured credit so rates are relatively high compared to other forms of credit. Rates of prime + (8% to 10%) is not unusual.

    The best way to manage credit card finance is to pay balances before they attract interest, even if it means pulling the money from elsewhere with a lower interest rate (overdraft or home loan).
    The trouble with opportunity is it normally comes dressed up as work.

Similar Threads

  1. Surviving higher interest rates
    By Dave A in forum Business Finance Forum
    Replies: 15
    Last Post: 14-Dec-07, 11:17 AM
  2. debtors application forms
    By BUSHBABY in forum General Regulatory Compliance Forum
    Replies: 6
    Last Post: 17-Oct-07, 05:02 PM
  3. Puzzled
    By jazz in forum National Credit Act Forum
    Replies: 3
    Last Post: 20-Sep-07, 05:24 PM
  4. HOW THE NCA CAME ABOUT
    By Eugene in forum National Credit Act Forum
    Replies: 0
    Last Post: 22-Jun-07, 09:57 AM
  5. Credit act could be good for those who have been blacklisted
    By Eugene in forum National Credit Act Forum
    Replies: 1
    Last Post: 25-May-07, 05:22 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •