Low Interest Rate


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Low Interest Rate

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Low Interest Rate

  1. 1. Low Interest Rate Credit Cards<br />START NOW<br />
  2. 2. Low Interest Rate Credit Cards<br />01<br />The main points you should know about low interest rate credit cards<br />Key Points<br /><ul><li>What are Low Interest Rate Credit Cards?</li></ul>Have a brief knowledge about low interest rate credit cards.<br /><ul><li>How is Interest Calculated?</li></ul>Learn how the interest in your purchases is being calculated.<br /><ul><li>How Do Low Interest Credit Cards Work?</li></ul>A summary on the process of low interest credit cards and how it work.<br /><ul><li>How to Use a Low Interest Credit Card?</li></ul>Find the list of right ways on how to use low interest credit cards.<br />
  3. 3. What are Low Interest Rate Credit Cards?<br />02<br />Introduction about low interest rate credit cards.<br />Low interest rate credit cards are typically most suited to people who can’t make the ‘55 day interest free period’ regularly. You can save much money when you apply low rate credit cards either for balance transfer or repayments on your new card.<br />
  4. 4. How Can Low Interest Rate Credit Cards May Help You.<br />03<br />Benefits of Low Interest Rate Credit Cards.<br />More affordable for making purchases<br />Reduce your credit card balance and repayments<br />Ideal if you have a revolving credit card balance<br />You are able to make purchases on your card and repay them at a low interest rate, keeping down your credit card balance.<br />If you are on a credit card with 15% interest or more, you should opt for a balance transfer to a lower rate credit card to pay off your existing card.<br />Have a low interest rate to ensure you pay the least amount of interest to your bank.<br />
  5. 5. How is Interest Calculated?<br />04<br />Aggregated balance includes purchase, cash advance and special balances, and any interest charges shown on a statement of account which are outstanding. Fees are not included.<br />
  6. 6. How Do Low Interest Credit Card Works?<br />05<br />Any time you make a purchase with the credit card you are borrowing money and <br />using credit. You have the option of repaying the entire amount when you receive your <br />statement by post, or you can pay a smaller amount and carry the rest of the balance over to the next month. <br />You will be required, however, to pay at least the minimum requirement, which is usually 2% of the entire balance.<br />Transactions:<br /><ul><li>Most cards have a separate interest rate for cash withdrawals, balance transfers and other transactions done on the card. If you are not aware of what interest rates apply, you can end up getting quite a surprise at the end of the month when you receive your statement. </li></li></ul><li>How Do Low Interest Credit Card Works?<br />06<br />Continued…<br /><ul><li>Cash withdrawal does not only apply to taking money out of an ATM machine, but it also applies to buying traveler's checks, foreign currency and making any type of gambling transaction
  7. 7. If you use your credit card abroad you may have to pay extra fees. Almost all credit cards have a foreign transaction fee, which is charged whenever the card is used overseas. Usually this amount is about 2.75% of the total transaction amount.</li></li></ul><li>How to Use Low Interest Rate Credit Cards?<br />07<br />Right ways on how to use low interest rate credit cards.<br />Low interest rate credit cards are great if you fall into the habit of not paying the full statement every month. <br />On the other hand, if you leave debt to keep mounting up - even at a low interest rate - you're still faced with paying it off one day. <br />The good part is that even if you still have some outstanding debt, at least it's on low interest credit cards and your bills won't get out of control. <br />Nonetheless, you should still try to budget your income so you have a day-to-day oversight of your spending and your savings.<br />
  8. 8. FAQ about Low Interest Rate Credit Cards<br />08<br />2 Commonly asked questions about low interest credit cards.<br />Question: Which credit card has the lowest interest rate and is the cheapest credit card?<br />A: The St. George Vertigo MasterCard is the lowest interest rate credit card in Australia.<br />Question: When is purchase interest charged?<br />A: For cards with an interest free period, interest is charged on the last day of your statement period. Purchase interest is charged from the day the transaction takes place until the end of the statement period.<br />
  9. 9. Thank You<br />For Watching<br />