East West Bank Personal Visa Credit Card – Competitive Interest Rates and APR at 2011 Lows with 10 Year Yield Under 3%
Posted on | July 21, 2011 | Comments Off
Over the last several months We have seen the unemployment rate ticked up to 9.2% while the housing market continues to struggle with home prices declining. Many individuals are looking for competitive interest rates and low APR on a way to borrow money through a personal loan or credit card.
East West Bank offers a personal Visa credit card that currently has interest rates competitive with the market as they are looking to increase customers. It is important to note that used West Bank is one of the largest financial institutions in the country but there’re many options available at the present time. In fact, the FDIC insures 7000 financial institutions are more which will offer opportunities for customers to borrow money.
On July 21, 2011 we are seeing the 10 year treasury rate yield around 2.95% which is very close to 2011 lows. The 10 year treasury rate yield in the 30 year fixed mortgage of had a very strong correlation since 1971 to it should come as no surprise to see 10 year treasury rate yields pushing the overall direction of interest rates.
Before borrowing money through a credit card is always a wise decision to completely understand the terms and agreements. By reading all of the small print and completely understanding how this money will be paid back it will likely be true that individuals have a much better chance at building a strong credit history.
Unfortunately, many Americans go into the credit card process believing that they will come up with the money to play this card off. It would be a wise choice to create a strong weekly or monthly budget and make 100% certain that money will be readily available when a credit card payment is due. Rather than holding high balance on a credit card is always a wise choice to pay down as much as possible.
Author: Tiffany Mann
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