Although often maligned, even demonized, revolving credit or revolving may prove to be very useful to remedy an occasional need money. To get the best, and prevent it from becoming a chasm, the key is to pay it back quickly. Otherwise, interest rates are sometimes similar to wear charged by banks will soon make the bill too salty. The ideal limit for all these faults, is to choose the outset credit cheapest and most appropriate uses “sudden”.
Firstly, and as always with the credit should not be confined to the simple rate displayed in the product description. Other fees, sometimes “forgotten” when signing the contract of sale are also considered the annual cost of the card or account to which the credit is attached, management fees … In the end, the TEG can s ‘to feel great for net rates equivalent.
The second factor is the flexibility of use of revolving credit. Useless indeed have a large “reserve money” if it can be activated only in a too limited number of partner institutions to the bank. The smooth revolving credit must be used everywhere, precisely to meet a sudden and unexpected. Especially, do not overlook the little extras that often accompany a particular card: discounts, improved guarantees for some products …
Finally, it is important not to be found “hostage” to its revolving credit. Focus on institutions that allow payment by cash, immediate or delayed. Some rather unscrupulous banks do not hesitate to knowingly facilitate the use of credit, even if their clients could do without. Again, the Revolving Credit shall be the greater parsimony in its use.
In light of these criteria, a number of products stand out from the crowd. Thus cards Aurora Larg’od’Axa Bank Compleo Groupama and Mastercard Pass Pass Financial Services are preferred for their relatively low TEG and the bouquet of services they offer in addition. Other offerings such as Auchan Visa Card Premier Credit Allure Free ICC or the credit Alterna Societe Generale are also good options. Ultimately, it is for each to determine the proposal which will be best for him, according to his profile, his lifestyle, preferences and institutions present in the vicinity.
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