There was a time when credit cards were used for limited purpose like financing unpaid balances and purchasing goods. Now there are various uses of credit cards and there are different rates of interest for these different rates. There is a different rate of interest for overseas transactions, balance transfers, cash withdrawal from an ATM and many more.
Single rate credit cards help get over these confusing different rates of interest. The single rate credit card is a process of going back to the origins. In such cards a unique rate of interest is charged for all financial transactions.
Now you have to decide if these kinds of credit card will suite your purpose or not. If you use your credit card for buying goods as you would not like to carry a lot of cash then a single rate credit card is not for you. A mileage credit card or reward credit card will be the best option for you.
A single rate credit card is advisable for people who use their credit card for a lot many purposes. Mostly if you use your card to buy something but do not pay in full or use your card when you are abroad or make cash withdrawals then a single rate credit card is for you.
