In this post, we’ll consider pointers you can use to continuously enjoy a low rate of interest on your unsecured card program.
Keep up with your due dates. Always remember that delinquent cardholders are not only penalized with huge late payment penalties and surcharges. Most of them also have to settle for higher interest rates than what were originally imposed on their lines of credit. So, if you wish to maintain a low rate of interest on your credit card program, it would be best to stick to your payment schedule. Set up personal reminders and alerts in your mobile gadgets so that you’ll remember when your credit card bills are due. Better yet, you can sign up for automatic payment arrangements with your bank. After all, with such program, you won’t have to worry about missing out or defaulting on your credit payments, ever again.
Settle your unsecured credit card bills completely. Paying just the minimum amount required by your card issuer and carrying balance from one month to the next will surely cause your interest charges to balloon out. And in time, your credit payments might eat up a significant percentage of your monthly budget. This means that if you wish to keep your monthly payments at a minimum, you should resolve to pay your credit card charges, not just on-time, but also in full.
Read more: How to Maintain a Low Interest Rate on Your Unsecured Credit Card