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Mellody's Math
The lower APR offered by Pulaski Bank adds up to a significant savings in time and money compared to a typical credit card. For example, if you have a balance of $1,000 and pay only the minimum every month, it would take more than seven years and cost you an additional $1,271 if your card was tied to a more typical and much higher APR of 20 percent versus Pulaski's rate of 5.5 percent.
Lowest Rates Continued…
Blue from American Express: As low as 7.99 percent variable APR with no annual fee.
Discover Platinum Card: Similar to Blue, variable APRs as low as 7.99 percent with no annual fee.
Best Rewards
BabyMint College Savings Credit Card: If saving for college could be as easy as spending for it, life would be much easier. There is, in fact, a company which eases the burden of saving for college called BabyMint. By becoming a BabyMint member, you can earn rebates that go toward college savings by shopping at the BabyMint network of retailers (including Eddie Bauer, Sam Goody and Hickory Farms); purchasing particular products; or using the BabyMint College Savings Credit Card. Between online and brick-and-mortar merchants, there are several hundred participating retailers and service providers. Rebates range from 1 percent to 30 percent, depending on the retailer or product, and can be sent via check, directed to another BabyMint member's account or deposited into your college savings account (i.e., 529 plan or Coverdell Education Savings Account).
