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Decode Credit Card Offers to Avoid Costly Surprises

October 8, 2019

PHOENIX--(BUSINESS WIRE)--Oct 8, 2019--

Credit card offers can be chock-full of confusing lingo. But the meaning behind terms like APR and variable interest rate can reveal whether a credit card actually makes sense for your personal finances.

“A good rule of thumb? The fine print often matters more than flashy bold print,” said Michael Sullivan, a personal financial consultant with Take Charge America, a national nonprofit credit counseling and debt management agency. “Understanding what these terms and conditions mean – and how they affect your personal financial circumstances – can help you make better purchasing decisions and avoid unexpected costs later on.”

Sullivan demystifies common aspects of credit card offers:

All-in-all, taking time to understand a card’s terms and conditions can prevent surprise fees or unexpected rate increases – and lead you to a card that ultimately supports your financial goals and circumstances.

Have more questions about credit cards or credit card management? Visit Take Charge America’s Financial Education Center or take a free online debt review.

About Take Charge America, Inc.

Founded in 1987, Take Charge America, Inc. is a nonprofit agency offering financial education and counseling services including credit counseling, debt management, student loan counseling, housing counseling and bankruptcy counseling. It has helped nearly 2 million consumers nationwide manage their personal finances and debts. To learn more, visit www.takechargeamerica.org or call (888) 822-9193.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191008005125/en/

CONTACT: Taylor Holmes

Aker Ink

(602) 616-3781

taylor.holmes@akerink.com

KEYWORD: ARIZONA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Take Charge America, Inc.

Copyright Business Wire 2019.

PUB: 10/08/2019 11:30 AM/DISC: 10/08/2019 11:30 AM

http://www.businesswire.com/news/home/20191008005125/en