Avoiding High Interest

Frequent flier credit cards are a matchless way for consumers to reward themselves while spending funds.
There is, however, a hefty cost to pay for spending while earning-interest rates average 16.99 percent on airline mileage credit card balances. As consumers look for alternative choices to managing debt, the inevitable hunt for a low-rate balance transfer begins. Innovative companies such as E*TRADE FINANCIAL are making it simpler for consumers to transfer their balances to a low-rate card while preserving their ability to earn rewards on the card of their choice. 

In lieu of the standard one-time balance transfer, the E-Trade Mileage Maximizer Account is an automatic balance transfer technique that allows customers to transfer their balances on higher rate credit cards to a lower rate credit card each & every month. Low-rate credit products like these permit consumers to reduce the interest paid on balances, paving the way for effective debt management. 

So celebrate the rewards you get from your airline mileage credit cards-take that trip, upgrade your stool or turn the miles in to a charitable gift. But be smart-don't pay for those benefits with an exorbitant rate of interest & manage the balances you are carrying down to a low rate of interest.


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