I just read an article about the 10 best credit cards. No caveat, just ’10 best’. Bold statement, so I read on.
Every single one of them has a variable interest rate. Variable interest rates are ridiculously bad. Not one card had a fixed rate.
The only time I use a variable rate card is if it’s for small purchases I know I’ll be paying off the minute I get home to my computer. I don’t get the limit increased so I’m not tempted to make bigger purchases. The cards I use for big purchases… FIXED RATE. And the fixed rate is lower than the lowest variable rate listed.
I guess the goal of the article is to get more people to get into more debt.