{"id":2152,"date":"2021-01-26T10:21:09","date_gmt":"2021-01-26T06:21:09","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=2152"},"modified":"2021-01-26T10:21:09","modified_gmt":"2021-01-26T06:21:09","slug":"breaking-down-credit-card-ads","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/breaking-down-credit-card-ads\/","title":{"rendered":"Breaking down credit card ads"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">You might be very familiar with the <\/span><b>credit card advertisements<\/b><span style=\"font-weight: 400;\"> showcasing their offers on different types of purchases you do. But do you look in deep <\/span><\/p>\n<h1><span class=\"ez-toc-section\" id=\"What_these_credit_card_ads_actually_mean\"><\/span><span style=\"font-weight: 400;\">What these credit card ads actually mean?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"font-weight: 400;\">Every <\/span><b>credit card<\/b><span style=\"font-weight: 400;\"> provider will come up with tempting offers, discounts, cash back to grab customer attention. Indeed they want to one up with competitors in all aspects. In the customer perspective, Is it ok to decide something by looking at marketing slogans? Come lets exactly understand how the credit card can benefit you. (not you but the company).<\/span><\/p>\n<figure id=\"attachment_2154\" aria-describedby=\"caption-attachment-2154\" style=\"width: 425px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2154\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2021\/01\/rate-1.png\" alt=\"credit card ads\" width=\"425\" height=\"425\" \/><figcaption id=\"caption-attachment-2154\" class=\"wp-caption-text\">credit card ads<\/figcaption><\/figure>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23371959583\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23371959583\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/breaking-down-credit-card-ads\/#What_these_credit_card_ads_actually_mean\" >What these credit card ads actually mean?<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/breaking-down-credit-card-ads\/#Is_it_Good_to_see_single-digit_interest\" >Is it Good to see single-digit interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/breaking-down-credit-card-ads\/#Huge_cashback_offers\" >Huge cashback offers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/breaking-down-credit-card-ads\/#A_free_roundtrip_with_air_miles_credit_card\" >A free roundtrip with air miles credit card<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"Is_it_Good_to_see_single-digit_interest\"><\/span><span style=\"font-weight: 400;\">Is it Good to see single-digit interest?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Have you ever seen a <\/span><b>credit card advertisement<\/b><span style=\"font-weight: 400;\"> offering at \u2018only\u2019 2.99 per cent interest rate? But wait this is not what you expect, take a closer look \u2013this is actually interest rate for a month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you convert this into Annual percentage rate, this number will be huge as 40 per cent \u2018only\u2019 per year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you fail to pay the outstanding balance on your credit card by the due date every month, you may end up by paying a huge interest rate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So before you plan to choose the credit card, the very first thing you need to ask is- What APR the credit card would charge? After all, the APR will give the true picture of how of the annual cost of borrowing with a credit card.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So it is better to compare credit cards with the APR. If you compare the credit card with an interest rate of 40 per cent per annum with a non-salary transfer personal loan at 8-12 percent per annum \u2013you make a clear idea about how your interest eat up your monthly payments.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Huge_cashback_offers\"><\/span><span style=\"font-weight: 400;\">Huge cashback offers<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Are you the one who got a great deal on your new credit card? An offer that can cash back you \u2018up to\u2019 10 per-cent on your purchases? But do you know what the deal details?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First of all, with such a high cashback percentage you can spend to only limited categories. There are a handful of credit card providers can offer up to 10 percent cashback on spending categories like a supermarket, utilities and school fees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This doesn\u2019t mean that you can encash the whole 10 percent on any amount you spend. The credit card provider will also put a cap on the maximum cashback amount that you can potentially earn every month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">there will also be a minimum spend requirement for each billing cycle. And what if you accidentally missed making the minimum payment? So before opting cashback credit card go through the cashback terms and conditions.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_free_roundtrip_with_air_miles_credit_card\"><\/span><span style=\"font-weight: 400;\">A free roundtrip with air miles credit card<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you are a lot to travel, an air miles credit card can save your day. Is it true in all cases? Let\u2019s say you see two <\/span><b>credit card advertisements<\/b><span style=\"font-weight: 400;\"> that both promise you 1 mile for every USD 1 spent \u2013 Do they offer the same value? The answer is no.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before you get an airmile credit card the question you should ask- what are these miles worth? These air mile cards carry different worth let&#8217;s say Card A could get you a flight to London for 50,000 miles, you might have to spend 70,000 miles to get the same flight with Card B.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other restrictions to look after is blackout travel dates, no option to redeem miles for partial payment of travel booking, complicated offline redemption process and more.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aware of your air miles expiry date, Don\u2019t miss out on using them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Besides this , there are many other types of credit cards that offer Zero per cent balance transfer, zero per cent instalments, and so on. Get a good knowledge about them before opting one.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And don\u2019t neglect to see the fine prints. Every credit card seems to be the best when advertised but understanding the terms &amp;conditions will make you choose the right card for you.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You might be very familiar with the credit card advertisements showcasing their offers on different types of purchases you do. 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