Comment on Terry Savage: Warning on credit repair and chasing rewards

Terry Savage: Warning on credit repair and chasing rewards

In my recent column about credit card warnings, I explained the dangers of zero-interest cards, particularly those offered by retail stores. If you fail to pay the FULL balance off within the specified zero-rate time period, you can be charged a 30%+ rate for the entire amount, retroactively from the original date of purchase! Even the zero-interest period on balance transfer cards can get you deeper into trouble.

 

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