Comments
Fort Lauderdale,#2Consumer Suggestion
Tue, December 23, 2008
Many credit cards are now allowing users to make payments online. Customers mistakenly assume that the website will always be available. This is not always the case because it is not in the cards interest that you pay your bill on time. Also, phoning in a payment costs you extra. I was considering borrowing money from credit cards that offered 1 year low rates and then investing in a higher rate CD and pocketing the difference. I decided not to because you have no assurance with a credit card that the teaser rate will not change. There are so many things can cause them to yank the teaser rate right out from under you and leave you twisting in the wind. The best way to prevent the rate from increasing because of late payment for those with low teaser rates is to go to the website as soon as you get the credit card and schedule recurring online automatic payments of the minimum to be paid each month on the due date. For those with regular rates, the best way to beat the credit card companies at their own game is to get a chase cash reward credit card and schedule recurring automatic payment of the full amount due monthly. This way you'll make a profit on your credit card, unheard of for most people.