Thursday, July 3, 2008

Looking for online credit cards

Looking for online credit cards

I don't know why I was resisting looking for credit cards before, but I just came across this site, www.OnlineCreditCards.com.au, and I'd never realised the variety of credit cards that are on offer. I used to just think that credit cards gave you a huge credit limit and charged a bunch of interest on top, but after seeing the products on offer at this site and reading more about credit cards, I think I may need to get one for myself.

There is this really useful page the site has where you can compare credit cards based on their major features. It seems stupid now, but I really had no idea what the interest rates on online credit cards were like. I just thought they were high, and I had no idea about interest free days on purchases. My parents were always suspicious of credit cards, so I guess I must have picked it up from them.

To be honest, with interest free days and the low interest rates that some online credit cards offer on the site, I find it hard to believe that credit card companies can make any money at all. I mean, as long as you repay your card in time to beat interest, your card should only cost you the annual fee each year to use. It's not like the credit is money I actually have, so obviously I'd just use the card as a convenient way of shopping online and keeping costs together. I really think I should seriously consider applying for online credit cards.

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