Credit cards concepts
After about six months, the honeymoon period ends and the interest rate shoots up to the real, double digit interest rate. Check the small print or the deliberately boring chart on the back of your credit card applications for the real interest rate. Use the real interest rate to sort your offers, and throw away the offers at the high end. Give your attention only to the offers with the lowest regular interest rates. The one exception is promotional offers in which you are invited to roll over debt from another credit card, and the low interest rate will apply to the transferred amount for as long as it takes you to pay the loan off.