Why Low Rate Credit Cards Shouldn't Matter By Tom Tessin At Isnare.com Ezine Articles

When you think of a credit card, you may think good things or bad things. It all depends on how you use it. For example, I tend to think I’m pretty good with my cards. I use them responsibly; I pay my bill off in full and pay it off on time. Maybe you’re this way? Maybe you’re not? The reason I’m telling you how I use my card is because I get sick of people out there telling me that credit cards are bad. Why are they bad? I never get charged interest. I gain rewards for my responsible spending. I just don’t get why they say they are bad?

Well over the years, I finally got it. Those that can’t control their spending think everyone else on this planet is the same way. The same goes with any other scenario. Let’s say you got bit by a cat. You’re probably going to think cats are the root of all evil and you’re going to tell the world. You know what? That’s okay with me because we are all entitled to our own opinion.

Now, you’re probably wondering what the heck this does with low rate credit cards. I just want to point out that if you’re good with your credit and you pay off in full, you shouldn’t have to worry about the rate. Let’s say there’s a make believe card out there that gives you $100 every time you spend $500 and the interest rate is 400%. Is that going to scare most away? Sure it is but guess what? I love it because look at the rewards! While you’ll never find a card like that, I just wanted to show you why the interest rate shouldn’t matter.

In the end, I recommend that people look into cards that they truly can take advantage of. There is nothing wrong with a low rate based card because there are some that offer 0% for life, 12 months or whatever it may be. You just have to look out for the 0% for life because there are certain restrictions when you use it. I applied for one a long time ago and I have to make at least 2 purchases to keep the 0% alive. If I miss out on one payment, I’m screwed because the rate will jack back up to around ten percent or so. So what happens if I put $50,000 worth of loans on a 0% card and I’m stupid and I don’t make 2 purchases? Well, you guess it, I’m going to be in trouble.

Credit cards take discipline and they want your money in the long run but as long as you play their game right, you can take advantage of all the rewards whether it’s 0% offers, cash back offers and more. Look for a great card that works for you and start using it today to your advantage. You’ll be amazed at how much you can save if you play the game the right way.

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