If you have a credit card, there is a chance that you are throwing thousands away. This is because of your APR – or annual premium rate - which on average is 29.8%.
This rate determines how much interest you pay when paying off outstanding card balances. Those who are paying off cards over a long period of time could find themselves missing out on hundreds, or even thousands, of pounds, reports the Mirror.
On top of this the interest rates could make an already long process even longer. As an example, say you had an outstanding credit card balance of £1,000 and you were paying £50 a month to clear it.
It would take you until January 2025 to pay it off, and you would have paid an extra £332 interest during this time.There is a simple way to slash credit card interest - and pay nothing at all on top of what you owe.
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.