Money Articles

Things You Should Know About Low Interest Credit Cards

Anyone who shops for a credit card wants the lowest interest rates available. Who doesn?t want the best deal? For many of us, the magic figure naturally is a zero percent, although we fail to notice the fine print that comes with every approved credit card application.

A zero percent is an excellent rate and you can't go lower than that. The only catch is that this interest rate isn?t fixed and usually lasts from about six months to one year. After that, the interest rates hike up. Once the introductory period is over, you could be paying an interest rate of about 19% or even higher. Definitely not a good deal. So is the low interest rate credit card just a myth?

Who gets it and where?

Actually, many banks offer credit cards at low interest rates. You might need to do a little research and shop around. Your very own bank could be offering it and all you have to do to take advantage of better interest rates is to pick up the phone and give them a call. A short, simple negotiation can lower your interest rate several percentage points.

There are also credit cards that have a low APR, but you'll have to qualify for them first before your bank issues them to you. Banks like to deal with consumers who have the lowest risk, which means you've got to have good to excellent credit rating.

If your credit history has been spotless for a few years, you can go ahead and apply for a low interest credit card. If you've had troubles in the past, you might have to wait a few years or until after your credit rating has improved.

What to look for in a low interest credit card

Generally, a credit card with an interest rate that is less than 15% is considered as a low interest rate card. The key is to look for the fixed interest rate and not an APR with an expiration period. Ads that trumpet a 0% APR don?t really try too hard to inform you that it's really just an introductory rate. You will have to find that out for yourself by simply reading the fine print.

Don?t be tempted by the promise of a 0% introductory rate if you do not foresee paying your balance within the period that the low interest rate is effective. Otherwise, you will end up paying more once the regular interest rate is imposed.

Should you have a low interest credit card?

Absolutely! A low interest credit card is a great way to save money on your transactions, especially if you regularly use your credit cards for paying goods and services. Low interest rate credit cards are also a great choice if you don?t pay your balances in full and have outstanding balances that carry over from one month to the next.

Say for example your outstanding balance amounts to $1,500. With an interest rate of only 8%, you'll only have to pay $120 in interest per annum. That's $105 less than what you would have paid if you had a credit card with an interest rate of 15%. If you have several credit cards, you definitely will feel the difference. A low interest rate card will save you money in the long run.

Even if you're considering transferring your balance to a credit card with a low introductory rate, you could still take advantage of the low interest if you can pay for the full amount of your credit card balance before the introductory period expires. You can also enjoy the benefits of consolidating all your credit card bills into one credit card with an interest rate that is light on your wallet.

Like any other credit card, a low interest credit card can be used as an effective tool for managing your money. They offer a good bargain but only if they are used wisely and you as the consumer are informed of what you can truly expect.

Mario Churchill is the owner of the website http://www.supercreditcardoffers.com with links to online credit card offers.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Tell your prospects the hole story before you take there money on any home based business.
This is for you old timers out there, an Easy home Based Business you can afford and promote and have fun doing it without it costing you a arm and leg, It verity a Turn Key Web Site with many Home Base Business Idea.? With this sit all the frustrations of putting a web site together an promoting is all made very easy. It My goal in life is to help the elderly and misfortunate and help the 97% of people that tried to make it on the net marketing an failed.

What Kinds of Benefits Come with a Credit Card?
The main benefit to getting a credit card is the instant loan you get to buy things you want. When you buy something on credit, the credit card company is loaning you the money until you pay them back. You can pay either the minimum balance or the entire balance. If you only pay the minimum, you will have to continue to pay an interest rate on your balance. If you always pay off your balance every month, you are actually getting an interest free loan.

Getting The Most Out Of Debt Consolidation With A Home Equity Loan
Running into financial problems is never any fun. Hopefully, it won't last long, either. One way to help you put an end to pressing bills (and possibly bill collectors) is to get a home equity loan. Consolidating your debts using a home equity loan is a great way to reduce your payments, get lower interest and even get some cash along with it. Here is how it works.

Saving Money on Auto Parts
A large amount of people are searching out practices to make ends meet these days when it comes to car expenses, particularly with the steadily climbing cost of fuel. Is there anyone who strongly desires to to waste hard earned money on parts replacement? While there are many options, a good number of people just use their neighborhood mechanic to help them purchase auto parts, and then fit them. A vast majority do not understand that there may be a far better path, which is finding your own parts from an auto junk yard.

Loan Payment Protection Can Provide You With Peace Of Mind
Anyone who has a loan or who has taken out credit card will probably be offered the chance of protecting them with loan payment protection A policy is taken out to ensure that if you could not work due to such as illness or accident or if you became unemployed you would have an income to carry on paying your outgoings

Safely Apply For A Bad Credit Auto Loan And Get A Great Deal
If you are thinking about buying a new car and you have bad credit you have probably seen online lenders claiming to provide bad credit auto loans. If you wonder if it is safe to shop for a car loan online and you would like to know if there is any advantage in applying online and how you can avoid frauds and scams, read the following information:

A Lesson In Email: The Money Is In The List... With The Back-End Sales
Firstly, back-end sales is eMail Marketing at its best, so for this to work you need to already have a list of customers that have bought from you before.The reason for this is because Back-end sales, are the ultimate way to realize the true 'life-time value' of your customers/list.

Shop Online With A Specialist For The Cheapest Secured Loan Deals
When looking for the cheapest secured borrowing deals go online with a specialist website There are many advantages to doing so

Loans Are Available Regardless Of Your Credit Rating
So many people are having a very hard time with their finances in the near recession economy of today.There may be a problem in their ability to obtain a loan because past debt has created a bad credit history.

Teach Your Child About Money
What are we teaching our children about money? Hopefully something!I remember when I was growing up, our family did not discuss money. Money was a taboo subject, discussed by the parents and handled by the father.

Finding Balance Between Making Money And Being Happy
Without finding the right balance between work and your personal life, you could end up failing in both counts Set Physical Boundaries Train yourself to shed off problems at work the moment you leave your office

Characteristic Features of Fast Guaranteed No Fee Loan
Life is full of uncertainties and at times it can put us in financial difficulties. You can always take a loan to meet your financial crisis, but in case you are unable to get a loan from a traditional source, a fast guaranteed no fee loan is the right option for you. It can meet your short-term requirements and provide you temporary relief.

New Business Information Technology eBook Can Save Companies Time And Money, And Help Increase Sales
Jack Howe's new business information technology eBook, "30 Minutes to Prepare for the C-Suite Meeting," reveals the secrets of accurate corporate research that enables any sales force to improve its overall results

Public Speaking - The Money's in the Template
The best public speakers in the world all agree on one thing. You can?t get good at public speaking without practice. That?s where some public speaking training seminars fail in teaching people how to do successful presentations. Lecturing someone on how to do a presentation will not make a student learn any faster. If you learn by doing, you'll achieve much higher results!