answersLogoWhite

0

Some of the hidden catches that are associated with credit cards with low interest rates are things like it is a starting rate and after a set time it changes to a higher (and not very good) rate. There is a minimum spend you have to use the card for each month or you pay a higher rate and in some cases lose the lower rate altogether. If you are late with a payment you can lose the low rate. These are just some examples. when taking out a credit card the terms and conditions should always be read especially about the rate and payments to see exactly what you are signing up for.

User Avatar

Wiki User

11y ago

Still curious? Ask our experts.

Chat with our AI personalities

BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
ReneRene
Change my mind. I dare you.
Chat with Rene
RafaRafa
There's no fun in playing it safe. Why not try something a little unhinged?
Chat with Rafa

Add your answer:

Earn +20 pts
Q: What are the hidden catches with credit cards with low interests rate?
Write your answer...
Submit
Still have questions?
magnify glass
imp