Low Interest Credit Cards

Written by Kathleen Gagne
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Looking for low interest credit cards is a great way to save money. If you have good to excellent credit, low interest fixed rate cards are a must choice. In fact, if you currently have several cards and are considering combining all of your balances on one card, finding the right low interest card can save you more than you might think.

Credit Card Offers

You will, of course, find hundreds of credit card offers online. The trick is to find the one that best meets your personal needs. For example, some cards offer a low introductory rate and no annual fee, but the APR that kicks in when the introductory offer expires can be fairly high. On the other hand, if you go with a fixed rate card, you can shop around for the lowest rate up front and keep that rate for the life of the card.

Going with the zero percent introductory rate can be a really good move if you want to transfer balances that you know you can pay off within the introductory period. Most cards offer a six month free balance transfer and zero percent interest; however, if you do some serious shopping around, you can find platinum cards that extend that introductory rate for up to 15 months. Transferring big balances to one of those cards can mean a significant savings, and you may even find one with an attractive long-term rate.

In the long run, the card that costs you the least amount of money for your credit is the best card to own. Never apply for a card until you've read the disclosure page and determined that you will not be paying exorbitant fees for the life of your card. Don't forget other card benefits. If your low rate card also offers cash back or airline miles, you get an added bonus.


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