7 Demerits of Credit Cards with Low Interest


2. With Least Benefits: Unlike other credit cards these credit cards are obvious to offer least benefits. Generally, high interest cards provide many opportunities to get rewards.

Suppose, Airline rewards card offers benefits like baggage fee waivers, priority services and airport lounge business membership for cards with high rate of interest.

3. No Sign- Up Bonus: In this highly competitive market of financial institutions, banks try out different strategies that will attract customers to choose a specific service. They frequently offer points for new applications to convince people to take their services.

But these offers are exempted for low interest credit cards. Card holders will not be liable to get sign up bonus if they choose low interest credit cards.

 4. Promotional Offers: Many financial institutions offer credit cards with promotional financing offers on balance transfers or on purchases. Even cards with low interest rates are also included for promotional offers.

Sometimes you may miss out on promotional offers particularly when the cards come with high offers to promote their services.

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