Monday, November 20, 2006

ArticleFame.com | Flat Rate Credit Cards

ArticleFame.com | Flat Rate Credit Cards:
"When credit cards were first introduced, they were a pretty simple proposition: use your card for purchases, and be charged a single rate of interest on your unpaid balance.

Then came the rise of the ATM (cash machine), and credit card issuers realised they could lend money by allowing their cards to be used to withdraw cash on account, and could earn more this way by hiding away a higher interest rate for cash withdrawals in the credit agreement small print.
"

No comments: