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Category  |   Discussion (0)Money (General)

Main > Living > Money > Credit & store cards > Interest rates Interest free days on your credit card: If you have, say up to 55 interest free days on your credit card purchases, it doesn't mean you have 55 interest free days from the day you make your purchase. It means that interest begins to accrue 55 days from the start of the statement period in which you made the purchase. For example, if you make the purchase 30 days from the start of the statement period, then you will only have 25 interest free days.   thesource (378)

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Main > Living > Money > Credit & store cards Getting a home loan: Something you might not realise is that credit cards are treated as liabilities, even if they have a zero balance. The reason being, at any given time you could max out the card. So if you have a $10,000 credit limit, your lender is likely to treat that as a $10,000 debt when assessing your application. If you don’t use your credit card much, or pay off the balance in full each month, it would be worth getting as low a limit as possible on it if you’re looking to get a home loan approved.   myxlfidian (150)

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