With interests rates at an all time low, the cost of borrowing has never been cheaper - but are we as consumers getting the best deals from the suppliers.
A look at the
Google credit card tool today shows that whilst introductory offers are great (often 0% for the first 18 months) this soon changes shortly after with APR's quoted at between 13% and 52%!
It's a real minefield and quite easy to get sucked in to a well of confusion as the various suppliers seek to pull one in and get one onboard.
The stakes are of course high as people tend to stick with their bank or credit card for years after, simply because it's often a pain in the neck to switch or because folks are resistant to change generally.
What is your experience with your credit card company? Good, bad or are you indifferent to it all? Perhaps you clear your balance each month and use your card wisely? or maybe you're one of these folks who bounce from card to card using one card to pay another!?
Whatever your situation, credit cards are often a useful tool in enabling access to deals or credit that would be otherwise difficult to access - booking holidays, Theatre tickets, buying gifts or clothes, paying every day bills. The list is endless and not having a card can at times be mightily inconvenient and in some cases expensive!
How do you use yours?
