What the great credit card con could cost you

Your credit card debt is attracting an interest rate around 18%. If you don't pay the entire balance each time you get a bill, it's probably costing you more than you think.

The article linked below is about Australia, & it's not new, but nothing has changed, & it's very similar to what's happening in your country.

http://www.smh.com.au/money/borrowing/what-the-great-credit-card-con-could-cost-you-20120302-1u8km.html / banks recent treatment mortgage holders check your credit cards average standard variable mortgage rate percentage point lower two rate cuts average credit card rate Financial Review Investor global financial crisis gouging worse cash rate stands one percentage point below average mortgage rate point average credit card lower big banks hoarding interest institutions increased rates fell Community First Credit Union Qantas Staff Credit Union pass both recent cuts credit card interest rate most expensive form of debt eye-watering revert rates don't repay interest-free period money borrowed through store finance average credit card balance statistics from the Reserve Bank consumers NSW incur annual interest bill figures Australian Securities and Investments Commission population data too much interest too much debt how damaging credit card debt your personal bottom line roll over debt average punitive credit card huge error only paying off the minimum each month 44 years to clear cost you interest repayments save /