Low Interest Credit Cards Offer Shrewd Savings
Posted by Nick Niesen on October 29th, 2010
Credit card offers, including a variety of low interest credit cards, are easy to find. You hear about credit cards in discount stores while you check out, you read about credit cards in offers that come in the mail, and there are even times when you hear about credit cards when the phone disturbs an evening meal. It?s easy to get a credit card, but it may not be as easy to find low interest rate credit cards.
Many of the easiest cards to get will generally have a higher interest rate. It may be a common practice to compare insurance rates and look through several car lots for the perfect vehicle, but if the same thoughtful research were applied to credit card offers, you could see significant annual savings.
Practicality of Low Interest Credit Cards
Low interest rate credit cards are an important tool in keeping excess consumer debt from tying you down in future financial affairs.
Some of the low interest credit cards that provides very few frills are found in the Visa® or MasterCard® offers, yet the offers last for a limited time. The fixed interest rates on these cards is among the lowest available. The credit cards were developed for those with an excellent credit history. Since the rate is one of the lowest available, proof of income and a tax return or pay stub are required to verify eligibility. An annual fee of $35 is charged to customers, but the significant decrease in interest rates may offset the additional fee. If you have good credit and excess consumer debt this may be one of the better low interest credit cards to consider.
Frills, but Low Interest Rates
Americans are fond of cheap credit cards, so credit card companies are responding with low interest rate credit cards that respond to the spending habits of consumers.
Points of View
If, however, your consumer debt is moderate, then a card like Blue from American Express® may provide a low rate with no annual fee and a rewards program that provide benefits with every future purchase.
If you have good credit, there is no reason to accept a high interest credit card unless it provides a desired acceleration in bonus rewards. Just be sure to pay off your balance as quickly as possible if this is your choice of credit options.
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About the AuthorNick Niesen
Joined: April 29th, 2015
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