Low rate credit card vs low fee credit card

A low rate credit card charges between about 8 per cent and 13 per cent on an outstanding credit card debt. This type of credit card might be good for someone who is holding a debt on their card and working towards paying it off.

A low fee credit card might charge an annual fee of between $0 and $100. A card that charges a low fee might be good for someone who uses their card for emergencies only and is not likely to worry too much about the interest rate.

Source: Bankheadlines.com.au

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