Insane Strategies Reveal Perfect Fit Credit Card Secrets

Evaluating Interest Rates and Fees

Interest rates and fees are pivotal factors in selecting a credit card. While rewards are appealing, they can be quickly offset by high interest rates and fees if you're not careful. Many cards offer introductory 0% APR periods, which can be advantageous for large purchases or balance transfers. However, these rates typically revert to higher levels after the introductory period. It's crucial to read the fine print and understand the long-term costs associated with the card. According to the Federal Reserve, the average credit card interest rate in the U.S. is around 16%².