Monday, May 5, 2014

Limited benefit of no-interest period in credit cards

Credit card companies, often, dangle offers that seem irresistible. But most probably, they are not as profitable as they seem. The latest one: A no-interest period offer. This offer allows you to carry forward the outstanding amount, for a specific time without paying any interest. This may seem very attractive, as the bank is allowing free revolving credit. But there are a few factors that customers must keep in mind, or else they could end up losing money. ..............

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