Decode Credit Card Offers to Avoid Costly Surprises
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.
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
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