What is a variable rate credit card?

A variable rate credit card is a type of credit card that has an interest rate that can change over time. This type of credit card may offer advantages such as a lower interest rate when compared to other credit cards. This can be beneficial for consumers who want to save money on interest payments and is often used for purchases that are expected to be paid off within a short time frame. In Hawaii, the laws that apply to variable rate credit cards are similar to those that apply to other types of credit cards. The Hawaii Revised Statutes section 478-6 outlines the disclosure requirements, promotional offers, and other regulations regarding variable rate credit cards. Consumers of variable rate credit cards in Hawaii should ensure that they are familiar with all of the terms and conditions that apply to their credit card before using it. This can help to ensure that they pay the lowest possible interest rate when using their card and are aware of any changes to fees or interest rates. This is especially important when considering any promotional offers, as the terms and conditions may change over the course of the offer.

Related FAQs

What is a credit limit?
What are the best ways to build credit?
What is a credit score?
What is a balance transfer fee?
What is a balance transfer fee?
How do I close a credit card account?
What is the Fair Credit Reporting Act?
Are there any rules or regulations that apply to credit card companies?
When is a credit card issuer required to disclose the terms and conditions of a credit card?
What is a cash advance?

What is a variable rate credit card?

Related FAQs

Related Blog Posts