The revolving credit cards or those with which the spending is repaid in installments seem comfortable but provide very high interest rates. According to a recent study by Bocconi University in Milan, the APR or annual percentage rate reaches nearly 19% but for some of them it arrives at 25.92% percentage.
For example, if you spend € 1.500 and you pay with a revolving credit card with the intention of returning the installments from € 100 per month, with the worst cards in the end you spend 1749 euros or almost € 250 more than the original figure. The revolving credit cards are tools not to be used or to be used with extreme caution for small amounts and number of installments reduced. Additionally, you should pay close attention to the fixed costs of the credit card such as the annual fee. In some cases choose to receive your statement online allowing you to get from 30 to 60 euros per year to 7 € only. Should not ever simply accept the offer due to laziness of the bank in which you have an account.