Also, if you have a high interest rate does that mean you have bad credit?|||All credit card interest is considered high..lol. If you have great credit, you may qualify for 9.99%. If you have bad credit, you can go up to 20%. It's not all related to credit though. Some of the premium rewards cards will have higher interest rates. It helps pay for the rewards.|||Who cares what the interest rate is because you are going to pay off the balance every single month. Yes nd no on the bad credit with high interest rates.
Go here for your FREE annual credit reports http://www.annualcreditreport.com and you can see what your credit looks like|||If you pay the credit card liability by installments you will have to pay interest at 2% or even more per month. If one installment is not paid your will get reminders and charges will be added in addition to the interest. It is not advisable to opt for payment of the credit card dues in installment. Further, if the installments are not properly paid, your credit rating will be damaged.
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