Posted on January 11, 2010.
I am a credit card application secured. Should I choose low interest cost + high, + or high interest rates low? I'ma student apply for secured credit card rebuild my credit. The guaranteed funds are $ 300 and it gives me a credit limit of $ 300.
Basically I have two options:
1. 12.9% rate of interest + $ 69 annual fee
2. 19.8% rate of interest + $ 59 annual fee
I intend to make only small purchases and pay all balances as soon as possible, so maybe I should go for the 2nd option? What do you sugest?
Neither.
Why would anyone in mind right there pay $ 60 a year to carry a plastic card that is good for nothing but you go into debt?
$ 10 per year is unlike anything, so if so think you can achieve a balance on the card and paying interest, go for the higher rate and lower interest. 19.8% is criminal ..........
Neither.
report on the credit application and your know why your score is so low that these are the cards that you may be entitled.
Avoid cards until you get the credit you've already cleaned.
there are better cards while much lower rates and fees. Check http://creditcardwarehouseonline.com or http://creditcardwarehouse.ecreditdirect ... and compare the rates and fees here. luck.
