Message Font: Serif | Sans-Serif
No. of Recommendations: 3
Just pay your balance in full each month and you won't care what the interest rate is.

That, BTW, is how credit cards originally were intended to work. They were a convenience for business travelers so they didn't have to carry large amounts of cash. You were expected to pay the full balance each month. Only later did credit cards become a means to make unsecured loans and earn high interest rates for banks. Even then, in the beginning, the banks' main income was from the merchant discount fees. Not their fault that consumers have no willpower when it comes to spending money they don't have.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.