Lowest Rates Blog: Credit Cards

Meet Daniel, who learned that being approved for a credit card isn’t a gateway to free money. After charging expenses to two cards for a few months, unexpected financial circumstances prevented Daniel from paying off the balance.

Meet Shannon, who applied for one credit card, and received notices of preapproval for several other cards in the mail. At the time, Shannon was unaware of how high credit card interest rates could be on her outstanding balances, and she says those extra charges have kept her trapped in a cycle of credit card debt to this day.

Meet Sarah who was convinced by an advertised low interest rate to transfer money from her credit card to her bank account. Paying off that credit card has been challenging for Sarah, who is struggling to make more than the minimum payments and leave her debt behind.

Meet Susan who was stuck with credit card debt on a joint account after splitting up with her partner. Susan was tempted by a low interest credit card offer to transfer her balance to a new card, but the fine print included terms and conditions that left Susan vulnerable to more expensive interest penalties.

Meet Matthew who reminds any cardholder to closely monitor their credit card account. Matthew was charged a fee by his provider despite not using his credit card for a long time.