This post will examine various credit card offers and their interest rates.
Shoppers Optimum Mastercard:
HBC & Capital One Mastercard:
Right off the bat, the Hudson's Bay Company charges you a 29.9% interest rate, with a 21 day grace period. That means that if you have a $100.00 payment unpaid, you will have to pay approximately $30.00 in interest fees! Thats almost 1/3 of your total purchase!
PC Mastercard:
This mastercard seems to me to be the best deal out there! For the first 6 months they offer a extremely low rate of .97%, and after the initial 6 months they offer a rate of 19.97%! Although this is a large increase from the initial offer, considering the premium benefits you are given with this card - Purchase Assurance and Extended 2 year warranties on EVERYTHING you buy- it is definitely worth it!Although each card has its own individual benefits, and unfortunately their own downfalls- each card can offer extreme savings if you are responsible and make your payments on time.
I believe it is still a convenience. Take the shoppers one for example, if you are a person who does a lot of shopping at shoppers drug mart it is a great way to earn rewards. Regardless of the interest charges since any responsible person should be paying of their credit cards before the interest period comes around anyways.
ReplyDeletetheres always a pro and con with anything to do with these cards
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