Doing an online mbna low interest rate credit card comparison
I was a guy who hardly believed in survey and comparison. It is just that I used to go with the flow and picked one that sounded good. But, when it got me in a tangle so badly, that I had to shell out more than ever to get out of it, I decided it was time for things to change. I finally did the online mbna low interest rate credit card comparison.
Now, low interest cards? Yes. My savings had taken a beat from my previous experience and I needed to save the tiny bits. A low interest rate credit card provided either a low fixed-rate APR or a low introductory APR. However, I was totally new to this concept and I decided to use some help. I went about my comparison basing them on the above mentioned aspects.
My friends had recommended me the MBNA Platinum Plus. It had a typical APR or the fixed rate APR of 16.9%. A balance transfer fee of 2.9% along with a requirement for good credit. There were the other big players such as Barclays, Halifax and RBS. RBS cards really caught my eye. They offered a 0% on balance transfers for the first 15 months.
This was a part of their Platinum Mastercard. The Barclaycard Simplicity Credit Card offered 6.8% interest until fully paid. There was Natwest as well, whose Classic Mastercard was offered at 8.9% for life of balance. This was something for those looking for a permanent plan. The Post Office credit card was also listed in these low-interest cards, but their deals were rather unexciting compared to the others.
My online mbna low interest rate credit card comparison did unveil a few things for me. If one needed a low interest rate credit card, he needed a good credit and that was a necessity. It was more of a reward for the good work on paying off those bills on time! Low- Interest credit cards might look attractive, but coming to think of it, I guess one would only marginally save by using these.
Credit cards have always been a profit making business. Hence, a ‘low interest’ card, is only a relative term and not a total reality. However, if you are on the lookout for one such card, then it would really help if you did an online mbna low interest rate credit card comparison.
