No. of Recommendations: 0
There have been some posts pointing people to Yahoo's Platinum card with something like 9.9% and no annual fee.

I want to point out that I "think" Yahoo uses a 2 cycle billing, and for those who don't know what that is, you need to know.

This is irrelevent if you're Foolish enough to always pay your bill in full every month, but if not, here's the deal.

On regular cards, you are charged a finance charge on the unpaid balance going back 30 days. That's the billing cycle. On a 2 cycle card, the finance charges go back double that, or 60 days on your unpaid balance. So, the more you owe, the more you will owe under this system.

It seems a little complicated, but to put it simply, you will pay much more in finance charges in a 2 cycle billing system, than in a single cycle, and it can really add up.

Again, if you pay in full, this seems like a great card as it has no fee, but otherwise, be careful.

...but I still am...

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