I was reading some incredible stories today of people who signed up for these low interest credit cards where to entice people to sign up the offer was something like 2% of the entire balance until you pay it off. Essentially, you can treat it like a bank loan where you can take a cash advance option for say $10,000 and then only pay 2% once until you pay off the balance.<\/p>\n
Of course, in the fine print it indicated that the rate could change at anytime. Guess what? After a few months all those people kept revolving their routines around taking cash advances out of the card with little thought about paying it back anytime soon. All of a sudden, they are then told that the interest rate will be changed to about 20% now. Saying that they are definitely paying for it is an understatement.<\/p>\n
Living life through a credit card is risky enough as it is I\u00e2\u20ac\u2122d say which no one should be doing. But this example sure shows you that if you were thinking of getting a free ride of sort through these types of promotional credit cards that you better think twice.<\/p>\n","protected":false},"excerpt":{"rendered":"
I was reading some incredible stories today of people who signed up for these low interest credit cards where to entice people to sign up the offer was something like 2% of the entire balance until you pay it off. Essentially, you can treat it like a bank loan where you can take a cash […]<\/p>\n","protected":false},"author":1,"featured_media":11567,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[838,199,2175,5954,839],"class_list":["post-1646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-cash-advance","tag-credit-card","tag-credit-line","tag-financial-management","tag-interest-rates"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2020\/06\/turnout.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-qy","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/1646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=1646"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/1646\/revisions"}],"predecessor-version":[{"id":1647,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/1646\/revisions\/1647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/11567"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=1646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=1646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=1646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}