Wednesday, December 06, 2006

Low rate credit card

Low and even zero interest credit cards seem, at least on the surface, to be the solution to increasing personal debt problems. The providers give the user the facility of very low or even no interest on credit for a certain period of time.


A small-print savvy and conscientious spender can doubtlessly benefit hugely from a low- or zero-interest credit card. However, it seems that such users of low or zero interest credit cards are more an exception than the rule. There are various low-interest credit-card-providing banks contending with each other for a piece of the market today.


HSBC offers a low-rate credit card that charges 0% interest for up to twelve months and interest rates from 10.49% upward thereafter. CitiBank is also among the preferred low-interest credit card providers, as are American Express, ANZ and Chase Bank.


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