Low Interest Credit Cards

Credit card usage is on the rise and it's hard to know which credit card is
right for you. If you follow a few simple guidelines, you can be sure to get
the most out of your credit card. Beware of high interest rate cards as they
can cost you more than you are willing to pay in the long run. Low interest
credit cards are very prevalent and if you do some simple research, they can
be a great financial tool.

When looking for a low interest credit card, be sure to read all the terms
and conditions. Many low rates are just introductory and can rise
significantly after the specified time period. Some can go up to 30 APR or
more, so be sure to read the terms and conditions carefully. Most credit
cards are variable after the introductory period and are based on your
individual credit. Variable cards add a certain percentage point to the
current prime rate, which is subject to change.

Most companies provide a 0% APR, Annual Percentage Rate credit card as an
introductory offer. Many last six months, but some can last up to a year or
longer. Again, beware of how high the subsequent interest rate goes up.
These cards are great to transfer existing balances to so that you can save
money and pay them off quicker. Just be careful not to fall into the trap of
charging more than you can afford to pay off, simply because of the low
interest rate.

A low interest rate credit card is beneficial to all people, regardless of
your financial situation. Even if you are able to pay off the balance each
month, you never know when an emergency will arise. Having credit readily
available can be a lifesaver in a crucial time. Having a regularly used
credit card is also good for your credit. It proves that you can use credit
wisely and makes you a better risk. If you are not able to pay your card off
entirely each month, having a low interest rate credit card versus a high
rate card will save you hard-earned cash.

Before choosing a card, browse credit card companies' websites.
Many times, reward programs will be offered at no charge with which you can
get cash back and discounts. Also, be aware of whether a company charges an
annual fee. There are so many cards out there that, unless your credit is
shaky, you can easily find a card with no annual fee. Most websites will
allow you to apply online and some will give you a decision instantly.
If you are not comfortable with applying online, you can also call and apply
over phone.

Low interest rate credit cards are a valuable tool in anyone's financial
arsenal. If you are careful to consider all your options and read all the
fine print, you can get a great card that is tailored specifically to your
needs. Low interest rate credit cards are truly the best credit cards to
hold.

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