Should You Get a New Credit Card?
Your Current Card Carries a High Interest Rate
While we don't recommend carrying a balance on your credit card (paying your bill in full each month is always the best move),
we understand that it's sometimes unavoidable. And if your existing card has an exorbitant interest rate, it only adds insult
to injury. Anderson notes that, according to CreditCards.com, the average rate on consumer credit is 14.99%—and people with poor credit can face an average rate that's as high as 23.48%.* But you can save yourself some serious cash over the long run by adding a lower-interest card, with no annual fee, to your
*These figures are accurate as of publication in September 2013.