Credit cards can be a costly way to borrow. Interest piles on top of interest, month after month, and it adds up quickly. On the other hand, credit cards are convenient and sometimes necessary for such things as shopping online, reserving a hotel room, or renting a car. The key is to use credit wisely. Here are seven tips to lower your credit card costs
By Investor Education Fund
Look for a Low Fixed-rate Card
Cards with a changing interest rate can go up any time and charge you more interest. Look for a card with a low introductory rate that will last at least six months. If you have a high interest card, try to transfer your balance to a lower one.
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