http://ezinearticles.com/?Credit-Card-Interest-Rates---APR&id=888782
Summary: Credit card interest rates are a major it directly affects the people who use credit cards for different types of transactions in their daily lives. Nowadays issuing a credit card entails a lot of vigilant procedures and issuers have become very vigilant about the payment credentials of their customers. In addition any kind of default like late payment or over issues may carry a high rate of interest which may soar may soar as high as 30% per annum. The APR or the annual percentage rate is the payment that the customer has to make if he carries over the balance from the current month to the next month. This rate is levied on all transactions made through credit card too. Avoiding a high rate of interest can be assured if you limit your transactions and maintain a good credit score. Since annual fees are mandatory , the rates of interest have been lowered marginally from 19 to 18 %.The highest rate is for cash advances and a different type of rate for balance transfers. A 45 day notice, before they raise the interest rates and to provide clearer information about the fees is to be given to customers as per rule.
Connections: In relation to the summary it is observed that , the new rates of interest and higher levy of interest cannot be done without informing the consumers and merchants will benefit with their quick and cost effective capabilities. The article is connected to the chapter are the credit cards that are talked in it. These cards are used on a large scale and are very practical , to carry around for spending. However the customer has to bear in mind his credit limit if he does not want to be charged the higher rate of interest.
Reflections: It’s frustrating being overcharged at the same time the credit card companies woo the customers with lots of promises, they keep calling you up constantly. Sometimes the cheques are misplaced by them no accountability for them, and the bills start to annoy you. Somehow, the worst part is that having a credit card attempts you to spend more.
“Benjamin Briel Lee was very professional at all times, keeping me aware of everything that was happening, If I had any questions he was always available to answer. This was my first home purchase, I didn’t know much about the loan process, he made it very easy to understand the things I had questions about. I really enjoyed working with him.”
ReplyDeleteHe's a loan officer working with a group of investor's who are willing to fund any project or loan you any amount with a very low interest.Contact Benjamin Briel Lee E-Mail: 247officedept@gmail.com Whats-App Number: +1-989-394-3740.