With so many credit card offers out there, it’s natural to wonder which card gives you the best bang for your buck.
Sure, you could look at the Schumer box to figure it all out. Or you could just go for the one offering a free T-shirt.
I admit it. I went for the T-shirt (which I lost long before that card disappeared from my credit report).
Luckily, you have a much better resource than I did to learn about credit cards: SALT. In our free webinar tomorrow at 3:00 p.m. EST, we’ll teach you to take charge of your plastic by looking at:
- The terms and conditions of your credit cards.
- Consumer credit protection laws.
- Credit card payment best practices.
- How to use credit wisely.
THE REAL COST OF CREDIT
For instance, consider the following example:
You purchase a $500 plane ticket with your credit card. Your interest rate for new purchases is 14.99%, and you only make the minimum payments of $12.50 required by your credit card issuer.
At this payment rate, it will it take 56 months (4.7 years) and $197.28 in interest to pay for that ticket.
Its real cost becomes $697.28.
This webinar will help you avoid these instances—as well as hidden fees—so you can figure out the right card for you (and not for your wardrobe).