For example, if you have a balance of $1,000, and you pay off $500, that additional $500 will be charged with your current interest rate.
With an interest rate come companies that love to charge ridiculous rates such as 20-30%. While this sounds awfully high, there are companies out there that will charge this insane rate.
The question that comes about us today is, “How can I find a fixed rate APR credit card?” If you’re bad with them, and you tend to pay late, etc, you’ll find that your rate will go off.
Low Fixed APR Credit Cards
Let’s say you want to purchase a property on a Buy To Let. The property costs £250,000, a deposit of between £62,500 and £125,000 will be needed.