If you carry a balance sometimes, get a low-rate credit card so you can pay it off faster.
If you don’t pay your balance off every month of the year, get a low-rate card. Rewards cards have high interest rates, plus they are proven to increase consumer spending. “When someone’s on the fence about a purchase they could say to themselves, ‘Well at least I’m getting the miles,’” says Matt Wallaert, a behavioural psychologist.
MoneySense look at the cards that save you the most in interest charges — after fees are factored in.
* Video: Best ways to tackle credit card debt
For more on how MoneySense crunched the numbers, see their methodology.
April 23 (Bloomberg) -- Rosenblatt Securities Analyst Brian Blair discusses Apple's second-quarter earnings and buyback program with Julie Hyman on Bl... More April 23 (Bloomberg) -- Rosenblatt Securities Analyst Brian Blair discusses Apple's second-quarter earnings and buyback program with Julie Hyman on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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The one luxury that I would pay extra for when looking for a home:
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- An indoor swimming pool or hot tub
- Heated bathroom floors (no more cold feet!)
- A heated driveway … No more shovelling!
- A home cinema room