7 Demerits of Credit Cards with Low Interest
BENGALURU: Credit cards offer easy access to make payments for any purchases. It can save you the time and trouble of getting cash in your hands and can even help you track your expenses. Every one enjoys using credit cards. But some people hate it as they have to pay high interest at the end of every month.
There are some credit cards which seem to be appealing to the customers who like to get cards with low interest rates but they come with certain demerits in it. Credit.com has identified seven downsides of low interest credit cards that can hurt you.
1. With No Rewards:
Cards with rewards sounds very interesting. If you are thinking that low interest credit cards will offer similar benefits as that of the normal, then you are wrong. Low interest credit cards never offer rewards like cash back or offer point.
These credit cards could help you in saving money on monthly payments. It is generally a good fit for someone who carries a balance every month.
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