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Monday, 18 June 2012

Compare Low Interest Credit Cards

How to Compare Low Interest Credit Cards

One card does not fit all, so while a low interest credit card sounds like the best option it may not be, but before making a final decision it is good to compare the various cards on the market. When comparing credit cards with similar interest rates, consider the following before making a decision:

It is always wise to make sure you know exactly what you are getting yourself in for when making any financial decision, in other words read the small print.

1. Rewards.

Does the card offer cash-back or other rebates, such as air miles? Do you get an immediate discount on certain goods or at certain stores when you use it? Do you receive coupons for using it?

2. Benefits.

If you travel internationally or make purchases in foreign currencies, check to see if the card has a foreign currency conversion fee. If you rent cars frequently, check to see if the card provides free or reduced rental insurance.

If you need to use a check or get cash from your card, compare the interest rates/fees associated with cash withdrawals.

3. Length of Offer.

When looking at a low-interest card, the most important thing to be aware of is how long the low-interest rate lasts, and what the rate will increase to when the special offer expires.

If you plan on card-hopping, then select the card whose low rate lasts the longest.

However, if you plan on keeping a balance on the card for a while, you should consider both the length of the initial interest rate period, and what the rate will be afterward. For example, if you plan on carrying a balance for more than a year, it would be better to take a card with 0% interest for three months and a final rate of 9.99% than to take a card with an interest rate of 0% for six months and a final rate of 19.99%.

Sunday, 17 June 2012

Low Interest Credit Cards For College Students

What You Need To Know about Low Interest Credit Cards For College Students : Even A Low Interest Rate Student Credit Card Can Get You Into Trouble

If you are a college student or are the parent of one, it would not be unexpected if you were to want to apply for a credit card to help with paying for ongoing monthly college expenses. And of course, a low interest card would be preferable since it would save you money over time. In fact, student credit cards have been a staple of the financial life of students for over three decades. During the '90s and '00s, in particular, card companies aggressively pursued college freshman, enticing them to sign up for new cards with the promise of cash-back offers and giveaways.

However, before you apply for a credit card of any sort, it is a good idea to consider all of your options in terms of how to pay for college living. Even a getting yourself a low interest card can potentially get a college student into financial hot water in the form of building up overwhelming debt over time. The combination of high interest rates, excessive fees, and undisciplined students has led to a growing debt problem for many college students.

Here are 5 insights about why you should beware of even a low interest rate student credit card:

1. A student card has become much harder to secure on one's own

As per new legislation passed in early 2010, credit companies are no longer allowed to approach college campuses or to offer free giveaways as a way to pursue new sign-ups.

2. Your card will require a cosigner

In addition, the new legislation stipulates that anybody under 21 is now required to have a cosigner on their credit cards. Usually, this means a parent - although some students will take advantage of loopholes, such as having a graduate student cosign the application.

3. Low rate student cards usually are accompanied by hidden fees

Students find it very difficult to qualify for low interest credit card offers, even with a cosigner. However, even when they are approved for a low interest card, there is usually a downside to such deals, such as the presence of excessive fees like annual fees and account sign-up fees.

4. You will likely end up with about $4,100 in credit card debt upon graduation

According to a recent Sallie Mae study, the average college student carried about $4,100 in card debt upon graduation. The takeaway: high interest or low, most student cards end up building up very high balances by the time the student graduates. This debt might follow the student for years to come.

5. Consider a prepaid debit card instead

One viable alternative to getting a student card: get a prepaid debit card instead. The user (student or his/her parents) just loads the card with a balance in advance. These cards feature the major credit card logos, so they can be used anywhere a credit card is accepted. But, there is no application process, no credit check, and no cosigner required. And, more importantly, there is no interest paid and no way to run up a balance that will follow the student around for years after graduation.

Consider these 5 insights as you decide whether to apply for a student credit card. One viable option for you: have the parent cosign on a credit card application for the purposes of using the card as an emergency backup. But, for daily expenditures, use a prepaid debit card instead.

Saturday, 16 June 2012

Low Interest Credit Cards For Excellent Credit

There are special credit cards available that require excellent credit rating for approval. There are many benefits when one maintains an excellent credit rating. When your credit rating is high, the lower will be the interest rate offered to you. For the credit cards with 0% initial APR's, applicant with superior credit ratings will be offered longer initial periods.

Having an excellent credit score grants a long list for privileges offered by the finance industry. If you have a an excellent credit score, your e-mail and your desk will be teeming with credit card offers especially if you are currently employed and you are enjoying a significantly high take home pay on a monthly basis.

If you have an excellent credit history, the credit cards that will be offered to you will usually have no annual membership fee. This saves you a lot of money since there will be no need to pay for your card processing and maintenance. If you are a big spender and you just love spending, having an excellent credit limit will also increase your purchasing power since you will not only have high credit limits. Instead, most credit card offers will no longer have over-the-credit-limit fees.

In addition, you can also get maximum introductory periods. Instead of getting a Zero interest rate and a Zero balance transfer rate for the first three or six months, yours will extend to one whole year. Such benefit will allow you to save a lot of money which could have been wasted otherwise on high interest rates. Moreover, you will also get significantly low interest rate even after the introductory periods end. Instead of getting variable rates which can go way up high to as much 19.99%, your credit card purchases will only incur 10.99% on the average.

Having an excellent credit score will also equate to more opportunities. Undeniably, more financial institutions and lending companies will find you very credit worthy. As a result, you will always be provided with highly competitive offers matched with instant and guaranteed approvals. Below are some of the most notable credit cards for those who have excellent credit scores:

Citi® Platinum Select®

This card will provide you with a Zero percent interest rate on your purchases matched with Zero percent balance transfer rates for the first 12 months of your card use. There are also no annual fees. Moreover, you will get added security and protection as your card becomes subjected to the Citi® Identity Theft Solutions that provides $0 liability on any unauthorized purchases made using your card.

Blue from American Express

This has a 0% APR on all your purchases for the first 12 months of your card use. In addition, you will also have a very low balance transfer rate of only 2.99% for the first year. There are also no annual fees. If you avail of this card, you can access the Membership Rewards Express® program and you can earn points and rewards that you can redeem for gift cards, entertainment expenses, travel expenses, and merchandise purchases.

Friday, 15 June 2012

Low Interest Balance Transfer Credit Cards For Life

If you're a responsible cardholder who needs a little help getting back on the right track, a credit card that offers a life of balance transfer can not only eliminate excessive interest but also realign your credit score. Most financial organizations offer credit cards with a low promotional interest rate on balance transfers. But while these special rates usually expire 6 or 12 months after you open the new card, some cards make these special transfer rates permanent. If you qualify for a life of balance transfer, take advantage of it!

Life of balance transfer interest rates are often lower than normal credit card rates, varying from an amazing 0 percent to 9 or 10 percent, which is still much lower than traditional interest, which can be as high as 30 percent. If you have a balance on another credit card that's gathering 20 percent interest each month, why not move it to a card with half that? The savings will quickly add up. Plus, which a lifetime rate guarantee, you can take your time paying off the transferred balance (though, as always, it's best to pay as much as you can as quickly as you can).

However, be sure you do your homework before you jump in. For example, some cards only guarantee the life of balance transfer rate if you also use the card regularly for purchases, say twice or three times a month. This way, the company can offer a great deal but can still squeeze some interest payments out of you, the customer. However, read the fine print - the company may not specify exactly how much those purchases must be; buying two or three packs of gum each month might be enough to ensure you keep your premium transfer rate. But keep in mind, other cards will yank away your low interest rate if you DO make purchases with your card. Be sure you read the fine print!

Also, realize that what you're initially offered might not be what you're ultimately approved for. The envelope you get in the mail may promise a $10,000 transfer limit at 3 percent interest, but if your credit score is low or your history is short, the specifics of your contract will vary. Always call the company and ask them to explain the specifics of the plan. As mentioned before, make sure you're diligent and consistent with payments. Your special 3 percent rate could be hiked to 30 percent automatically if you miss even one payment.

Thursday, 14 June 2012

Low Interest Rate Credit Cards With No Annual Fee

What You Need to Know About Credit Cards With No Annual Fee

Everyone looking for a credit card wants one with no annual fee, but no one wants a card with high interest rates. Since higher rates go along with credit cards that charge no yearly fees, you should think twice before getting one for yourself. Always remember that credit firms don't do this for charity. They are in it for the money. The no-annual fee is a mere come-on for you to sign up for an account.

They still have to profit from the deal somehow and they will - at your expense. The card holder, on the other hand, must deliberate matters well and make sure to also benefit from the contract before signing anything.

It is through annual fees, interests on late payments and other charges that creditors make money on. Make certain what your genuine reasons are for getting a credit card. There is no one card that fits all needs. A credit card with no annual fee can definitely be helpful to you as far as your finances go, but so can a credit card with minimal interest rates.

If you are the meticulous kind of person who takes care to pay all your balances in or on time, or you have a low balance on your account, then a credit card with no annual fee will be to your benefit. This kind of card makes up for the loss of an annual fee by attaching higher charges compared to other credit cards. This way, you will be charged lower no matter what the interest rates are as long as your balance is kept low.

That makes it imperative for you to pay off your total balance because if your account has a substantial balance, then interest rates will be higher. If you think you cannot keep up with payments which results in your balance being kept high, a no-annual-fee card will not be a good fit. On the other hand, get a credit card that charges the lowest possible interest rates will be beneficial to you. This way, you will save on cheaper charges that compensate for fees you will have to pay every year.

If you have set your mind on what you need from a credit card, you will not be swayed by hundreds of advertisements that offer astonishingly cheap introductory rates or all sorts of rewards on bonus points and cash backs. If you started out confused, after going through these commercials, these will only add to your confusion. One or two credit cards are usually enough for most people, so the trick is to be able to wade through all those advertisements with a critical and determined eye sorting out the useful from the less than useless.

There is no standard manner on how to do this. It would help a lot if before wading in you have already thoroughly examined your personal spending patterns. Armed with that assessment and information, you will find it easier to calculate and decide what card gives you the best deal.

Companies that offer a card with no annual fee have all sorts of enticements to get you to sign up with them. It could be minimal introductory rates that could go as low as zero percent that allows you to get a loan using your card for a limited time. Or they will try to sway you with bonus points that will earn you rewards like cash backs, grocery goods, free hotel stays, and even airline travel. Just like the basic no yearly charges and low interest, these are bells and whistles. What you the prospective card owner is really after is good and fair service with your card that will go well with your spending and paying habits.

Wednesday, 13 June 2012

Low Interest Secured Credit Cards

Tips To Help You Find Low Interest Secured Credit Cards.

If you're in the market to get a secured credit card, you may be wondering if you can find a card that has a low interest rate. While most of the rates on secured cards are generally high, there are some options when it comes to finding a low rate. Here's a few tips you can use in order to find a lower rate.

Look for higher fees - I know you won't want to pay higher fees when it comes to annual fees, monthly fees, etc but generally, when the fees are higher, you're going to pay less interest. This is a way for the credit card companies to recoup the costs.

Look for intro rates - I know intro rates don't' last for long but if you can find one that's good enough, you may be able to use the card and then request a different type of card. Sometimes this works and sometimes it doesn't. It never hurts to try! The worst thing that can happen is that you will need to cancel the card.

Research online - There are a lot of cards out there. It's your job to research all of the cards and find the lowest rate if that's what you're worried about. Since rates change on a daily basis, I can't tell you exactly which card has the best rate.

As long as you do your research and you follow some of the tips above, you'll be able to find a card that hopefully suits your needs. Honestly though, in the long run, worry about paying your card off in full so that you can avoid the interest rates.

You can go to findsecuredcards.com to start finding low interest secured credit card applications.

Tuesday, 12 June 2012

Low Interest Credit Cards Balance Transfer

What You Should Look for in Low Interest Balance Transfer Credit Cards

People who find themselves in a tight fix with their current credit card don't have to pursue the problematic credit line. The road from bad to worse is easily taken in such cases. On account of their delinquencies, the lender will have raised their interest rates. Very often, the principal of the loan itself may have grown to more than double the amount that they originally took out from the lender. Obviously, without resorting to low interest credit cards, the card holder is trapped in a vicious debt cycle.

What Would be Considered Low Interest Rates for Credit Cards

One of the best moves to make in that situation is to look for another credit card which will accept the balance from your current one. But there are several requirements that the new card should have in order to make resolving the loan easier. First and foremost, the cardholder should verify that it is indeed a low interest credit card.

Normal rates which are extended to people with fair credit scores and people who have no credit scores at all are between 12 % - 17 % computed annually. The range will be different for those people who have excellent credit. The rate may even go down as low as 7 % computed annually for people with excellent credit scores. Then again, people who have poor credit scores are usually assigned interest rates between 14 % - 22 % computed annually. This is because such people are considered high risks for the lender and therefore, the lender wishes to maximize each collection that he makes

There will also be times when low interest credit cards do not actually have low interest rates up front. In such cases, don't be too ready to put the card off as a scam. Examine the rewards that are offered with the card. If it is really a genuine low interest credit card, you should find incentives and rewards that return to the card holder more than half of what he put out in terms of interest charges. Cards of this type are most typically cash back rewards credit cards. The rebate is usually 1 % of the amount of the purchase. In other instances, the rebate may be a little bigger than that.

Actually, cash back rewards cards offer two kinds of cash bonuses for two distinct categories of items. The first category has an upper price limit. The items that are included here are your daily necessities as well the products that you buy regularly. The cardholder is often given the option to alter the products that are included in this list from time to time. This makes it possible for him to adjust the list to conform to his seasonal consumption. Not all products can be included here, as already mentioned. The cash rebates for this category are normally awarded every quarter of the year and the actual amount of the cash returned is normally 5 % of the total purchases of items in that category for the preceding three months. If we divide 5 by 3, we discover that the monthly rebate is actually 1.6 % monthly so that even if your interest rate were 18 % annually, you would end up having all your interest disbursements returned to you. In this case, this type of credit card is not just a low interest credit card but is practically a 0 interest rate credit card. The only difference being that the interest payment is not deducted but reimbursed at some later date.

The Kinds of Low Interest Credit Cards That You Don't Need

On the opposite extreme, you have those low interest credit cards which advertise as little as zero percent interest rates. Although there are actually those which charge no interest at all throughout the lifetime of the card, the greater majority of zero interest offers are limited for a certain introductory period - usually from 6 months to one year. Most balance transfer credit cards have this kind of feature. However, before actually registering for a card, the applicant is advised to ask about the real interest rates after the promotional period is over. These should be the lowest possible for him, given his current credit record, and should not equal or be higher than that of his previous, compromised credit card.

In general, when confronted with attractive features such as zero interest rates, look past all of them to the conditions that will be prevalent after any introductory phase is over. You may have to bring the topic around to the nitty-gritty in spite of the efforts of over-zealous card promoters: Excuse me, sir, what are the normally prevalent interest rates and penalty fees?

Thank you for reading & good luck..

Monday, 11 June 2012

Low Interest Fixed Rate Credit Cards

In the present era of aggressive marketing, the various credit card companies are coming up with many attractive offers to entice potential customers into buying their cards. This offer includes providing low interest credit cards with cash back programs and other reward programs

When you take out a new credit card, you might consider low interest fixed rate credit cards as a way of helping you to save money. In fact many credit cards are offering great deals simply as a way to secure new customers. Searching carefully for the best deals really can help to save you money in the long run.

Fixed rate credit cards are a useful solution due to the fact that they do not add too much debt onto your existing balance. However, it is important to remember that these fixed rates are often only fixed for a certain length of time (commonly 6-12 months) and they may also only be available to those who have a very good credit score. You may even need to provide proof of income in order to be eligible for this type of card.

Generally fixed rate credit cards do not come with any frills. Due to the fact that the card issuer is not making much money from interest, they will generally not offer any other fancy rewards or services. However, if that does not bother you and you just need a card that can help you save as much as possible on our spending then it will be the perfect option for you.

Search around and you could find fixed rate credit cards as low as 0% for periods around a year or even more. Once your low interest period expires, check to see the standard interest you will be charged. Many online companies offer such deals, so take some time to compare various card issuers to find the best deal.

Sunday, 10 June 2012

Low Interest Credit Cards For Students

College students are going to need some extra cash at times, and student loans aren't always going to get the job done. They're limited by school policies as well as federal regulations, so a student may find herself short of money even after her loans have run out. Both for her short term cash needs and for the sake of establishing credit, a low interest credit card might be the only answer.

Having credit card is a big deal, especially in this day and age when credit is what practically rules the world. Most of the people that are still making it in the world are people that have decent credit scores. Whenever you are thinking about purchasing something your credit will be ran to ensure that you have enough things to back your name.

It's kind of funny when you think about credit in a sense. Credit is kind of like an I owe you that you are making to a company. They are trusting you and giving you money that you will eventually have to pay back. The way that you pay the money back to the company is in a series of installments. The company will then give you a score based off of how you have submitted payment to them.

Having a great credit score is key to making it in this society. If your score is good enough you can basically have everything that your heart desires and not have to want for anything. With this credit card that you are being given you are given a chance to show that you deserve to have credit, do not mess your chances up.

If you're going to get a credit card at all, I feels strong that it should be a low interest student credit card. If that's not possible for you, look into low interest secured credit cards as a way of establishing yourself in the world of credit.

Saturday, 9 June 2012

Low Interest Credit Cards For No Credit

Low Interest Credit Cards for College Students With No Credit

Whether you are a student looking for a credit card that you can use through school or a parent wanting to find a good card that they can send away with their son or daughter when they leave for school, here you will learn a few tips on how to select a low interest credit card for college students with no credit.

Low interest cards will keep the charges on your purchases to a minimum, which is important for first-time credit card holders such as students who need to make sure their interest charges are manageable each month.

Low interest cards are the best choice for students because they offer an opportunity to pay off student loans through a consolidated, low interest channel. Other debts also tend to pile up during college and it can be a struggle to juggle school along with a heavy load of bills. Having a card can reduce monthly bill payments temporarily to relieve some of the financial burden while a student is in school.

Credit cards that are targeted for students can even offer deals that will charge no interest if the balance is kept under an agreed upon amount. This is a great way to teach students how to budget their money each month to avoid interest fines. Keep in mind however that once a students schooling is completed, this agreement may be discontinued and the interest rates charged each month may be raised.

Another reason applying may be a good idea for a student is that a low interest card can be a great help in times of emergencies. Every parent worries about their child going off to college, even if it is nearby, and knowing that your student has credit available as a safety net can be a major stress reliever.

When you apply for a card, make sure that the interest rate is low to keep your budget under control and remember to only make purchases that you can pay back within a reasonable time period.

Friday, 8 June 2012

Credit Cards With Low Interest Rates and No Annual Fees

With today's current economic situation, finding the best credit cards with no annual fee can be tricky for anyone. You may be asking, are they still available? How do you pick the right offer? Here are some tips to help you in getting answers to these questions as well as many others.

Are Credit Cards With Low Interest and No Annual Fee Available?
While it may seem like credit is virtually impossible to get if you watch the news, the truth is you can still get no annual fee cards and even 0% interest cards if you do some searching. Sure, credit card companies are putting in tighter qualifications and lower credit limits, but they have to if they want to survive without a taxpayer-based bailout. But for those with good credit you can find some excellent deals out there.

Initially, when the credit card concept had just been introduced, for quite some time later there used to be an annual or yearly fee charged to the customer. There was lot of resentment and this fee slowly got eliminated. Nowadays, most credit cards come with a no annual fee offer and the marketing companies are utilizing this as a marketing gimmick. Most banks and financial institutions do not charge an annual fee and hence, the customer can look for additional features before deciding on a credit card.

This "no annual fee" does not strictly mean that there are no fees at all. It is the responsibility of the customer to read the entire document before signing for a new card. Service charge is the fee levied if the customer is unable to pay the entire balance every month. An additional fee, in the range of $35, is charged in case the customer goes over the individual credit card limit. There is a late fee charged in case the payment is delayed.

There are many credit card companies that offer no interest for an introductory phase, which enables the customer to clear his balances without any interest- accrues. There are also other attractive offers in terms of cash back and air miles rewards. Depending on the customer's current financial outlook, the credit card companies offer cards that suit the customer's requirements. Some cards offer best low interest as well as 0% interest rate for the first year for both, balance transfers and new purchases. It is generally an option offered to people with the best credit ratings.

People are generally fond of affordable and inexpensive credit cards and so credit card companies are always coming up with new low interest rate credit cards, with no annual fee, that corresponds to the customer's needs.

Thursday, 7 June 2012

Low Interest Student Credit Cards

Parents have enough stress with their kids heading into high school and college, worry about their low interest student credit cards should be one of them. When it's time for your kids to move out and be away for college, you want them to have access to money, but it's on both the parents and the child to make sure they are responsible when it comes to using credit cards.

A lot of families and college students can get into financial trouble quickly if they are not actively watching their financial statements and billing transactions. This article will go into detail on where you need to focus your efforts to make sure you don't make the same mistakes others have made.

Student & Parent Responsibility is Key

It's not as easy as just signing up for a low interest student credit card then getting approved. Most time there will be a credit report on your history and sometimes a parent signature will even be required. The bottom line is, companies want to give you their credit card, but they have to make sure it makes financial sense for them first. What you do with the card and how you spend your money is not only the responsibility of the card holder, but also anyone who has co-signed on the account.

Low Interest Intro Rates

Credit companies make their money off interest. When you see a 0-2% interest rate, it's usually just to get people in. After a short period of time, or after missing a payment, you could see your interest rate hike all the way up to 25%. These high rates are not rare in these economic times and you must be aware of the fine print before signing up for a card.

What You Need to Know about Low Interest Student Credit Cards

# Too Much Spending Will Put You in Debt


One of the biggest problems with having your own cards, is how easy it is for card holders to get into a bad financial situation. When you have a credit card, you don't think of it as cash, and if it's a students first credit card, they may be spending too often and without caution.

A purchase of $1000 placed on a credit card with an interest rate of 18% can quickly build up. If the student only pays the $25 a month minimum towards the card, then end payment for that $1000 purchase will be around $1115, which is an extra $115.

# Student Debt is a Serious Issue

It's easy to fall into marketing campaigns and a consumer traps. Many promotions will have free shirts, very low intro rates and fun college students handing out applications. Some card promotions may even approve you on the spot. These are the type of cards you have to look out for. Remember to always read the fine print and keep your spending to a minimum.

Having a student credit card will build up your credit, but be careful not to build up your debt at the same time.

Wednesday, 6 June 2012

Low Interest Credit Cards For Bad Credit

Is it Possible to Get a Low Interest Credit Card With Bad Credit?

Due to global economy crisis, many people are suffering from bad credit. Having poor credit history is unfortunate. In order to rebuild it, you need to put in extra effort. One of the constructive ways to improve your credit history is through obtaining a new credit card. In general, this specially designed card charges the card users higher interest rate compared with the normal cards.

It is reasonable for the card providers to request for higher interest because it is always riskier to offer credit card for people with low credit score. However, it is still possible for you to obtain a card with low interest rate. Although it is a challenging task, with the right technique, you will be able to get a card with very reasonable interest rate. Let me tell you the secrets:
  • First thing first, you are advised to open a saving account with a local bank or a credit union which you are familiar with. You are required to set up direct deposit for your monthly pay check, if possible.
  • Secondly, after opening a saving account, you have in fact established your financial trustworthiness with your "potential" lender. You can start submit your credit card application with your bank or credit union. You stand a high chance of getting a card since your potential lender has got your record with them.
  • Thirdly, the total amount of your saving may not be a lot. Hence, the lender will normally offer you a very low credit line. You are advised not to reject but to accept the low credit limit with open arms. In actual fact, a card user is able to enjoy a good interest rate if he or she has a lower spending limit at initial stage. Don't be upset with the credit line. If you make your monthly repayment promptly every month, your card provider is more than willing to increase your credit line gradually.
  • Before you make your final decision, you are reminded to read all the terms and conditions carefully. Make sure that you are able to enjoy normal grace period like normal card users.
  • If you are not being offered a good interest rate, don't be disappointed. In my personal point of view, you should accept the offer as long as it suits your financial needs and you can really afford to pay. Again, by making your payment consistently, sooner or later your card provider will still reduce your interest rate.
Last but not the least; if you think that you can't afford the high interest rate, don't apply for credit card. There are debit cards and prepaid debit cards waiting for you!

Tuesday, 5 June 2012

Low Interest Credit Cards For Balance Transfers

Low interest credit cards are now being offered everywhere. With the economy trying to get a jump start once again, credit card companies are offering low APR offers as a way to bring in new customers. When getting new low interest credit cards, try to get one that you'll benefit from the most. For many, this choice is with balance transfer.

What is a balance transfer and how does this apply to your new low interest Visa? Cards that offer you transfers are allowing you to bring balances from other companies onto your new low rate card. This type of offer is a great opportunity for a borrower with many high APR cards with high debt and large monthly payments. Instead of making many monthly payments that can quickly add up, you make only one monthly payment. In your search for a low interest Visa or other type of offer with balance transfers, you may find offers for 0% interest.

Obviously, a company that offers to charge you zero interest is not going to make any money, so there must be a catch. There is a catch. First, low interest credit offers that offer a 0% intro APR are usually reserved for those with a very good credit rating. Second, it's important to remember that the introductory period is just that -an introductory period. Unfortunately, too many borrowers get these low rate cards with an intro APR of zero without realizing that it only lasts for a certain period of time. After the intro period is up, many of these low rate credit cards suddenly turn into high APRs, at least a lot higher than they anticipated.

Low interest credit cards with balance transfer usually come with a credit limit. Make sure that you take the balances from your highest rate cards so you'll actually be saving on interest. Even if you're having difficulty making payments on numerous credit cards, don't take balances off one low interest Visa and put it on your new low interest card if the rate is going to be higher, even if it is advertised as a low rate. When used wisely, a low rate card is a great opportunity to lessen your debt and improve your credit rating at the same time.

Yppu can visit www.dealsforcreditcards.com to get more information about balance transfer credit card offers.

Monday, 4 June 2012

Best Low Interest Rate Credit Cards

Tips For Finding The Best Low Interest Rate Credit Card

Following the tips below can help you choose the best low interest rate credit card for your needs.

The first step when beginning your search for a low interest rate credit card is to verify your credit history is correct and you have a good credit score. You should also consider your current financial situation, as well as your spending behavior. Taking the time to examine this information will help you determine what features you should look for in a card, such as just a low rate, low cash advance fees or low interest rates on balance transfers.

You should not just limit your search for a new card to major banks. There are plenty of small, community banks, credit unions, and other official lending organizations out there that offer low interest rate credit cards. One of the best places to begin your search is online.

Log on and compare the current available offers, annual percentage rates, and fees from several lenders. Some cards may also offer rewards or incentives such as cash back, gas points, gift cards, or points that can be used for travel. Combining these programs with lower interest rates can save you hundreds of dollars over the course of a year.

In the event that you find a card that will meet your needs while online, take advantage of filling out an online application. Some lenders will approve your application instantly, cutting down wait times drastically. Instant approvals benefit both parties because you want to use your card as soon as possible, and lenders want you to start paying interest as soon as possible.

If you currently have many different credit cards with a range of interest rates, you may want to look for a low interest credit card that allows you to make balance transfers. This will allow you to consolidate some of your debt, while saving a bit of interest. Be careful to find a card that not only allows transfers, but will honor the same low rate and terms for these transactions.

Finding a low interest rate credit card gives you a bit of financial freedom and peace of mind should you find yourself in a difficult monetary situation. Remember, the market is flooded with all types of credit cards that make all types of promises. Read through all of the terms and conditions carefully before even filling out an application.

Verify the interest rate being offered, the length of time the rate is valid for, and if the rate is fixed or variable. You should also find out what events could cause your rate to jump to a higher percentage. Take plenty of time when searching for a card. Never rush into making this decision, as you may end up worse off than you were before.

You can visit www.directbanc.com to compare low interest credit cards offers.

Sunday, 3 June 2012

Low Interest Business Credit Cards

The best thing about having a number of business credit card choices is the fact that you can compare different deals. In fact, some business credit card issuers offer low or zero introductory rates to keep up with the competition.

If you are presently in search of a credit card for your small business, don't forget to check zero rate business credit cards that are available in the market. In this post, let's discuss what zero rate cards are and how you can use it to your advantage.

Save Your Business Budget with a Low Interest Business Credit Card

A card with a low rate or a zero rate can enable an entrepreneur to cut back on business costs. The low rate or zero APR may be applied for a certain period which can range from 6 months to 12 months or longer, depending on the credit card.

During the introductory period, the cardholder can actually charge purchases to the account and submit only the minimum monthly payment without incurring additional interest rate charges. However, it is important to remember that as soon as the introductory period ends, the regular APR will be applied. You can even find zero interest cards that offer different types of reward programs such as cash back, gas rebates and miles rewards. Indeed, being able to enjoy a zero interest rate plus the opportunity to get incentives is an opportunity worth taking.

How to Choose a Low Rate Credit Card for Business

You may find yourself confronted with a couple of choices and the only way you can be sure that you will be making the right choice is by studying the complete Terms and Conditions of a card. Remember that a zero interest rate or a low rate offer does not automatically make a credit card the best one. Beyond the 0% APR, you need to check all the other fees associated with the card such as the annual fee, penalty fees, balance transfer charges, etc.

What about the functions and features that comes with the card? Are those features especially designed to help business owners manage their tasks? For instance, will you be provided with a Purchase Protection warranty in case there might be issues with your purchases? Will you be provided with a quarterly or yearly account summary report that you can use as reference for your accounting tasks or in filing your taxes? Will you be able to access your account online? Does the card issuer offer 24/7 reliable customer service? Will you be able to do online banking or send your payments online? These are just some examples of card functions that can help you in managing your business tasks.

Another important factor to consider is the credit reporting provision of a potential card. Will your payments be accurately reported to the major business credit trackers? Aside from enjoying a reasonable interest rate or rewards, you need to ensure that your business credit card will enable you to build up your business credit history as a preparation for your future business goals and projects.

Visit www.businesscreditcardsite.com for more information about low interest business credit cards.

Saturday, 2 June 2012

Low Interest Credit Cards For Fair Credit

There are credit cards out there for everyone. From the bad credit, to the excellent credit, you just have to know what you're going to be able to get approved for. When you generally think of fair credit, you probably think of a score that's in-between, such as a 600-650. Yes, this score is poor, but it can still land you some good cards.

A fair credit score can be somewhat difficult to fully understand. While it is not necessarily a bad rating, it is also not exactly a good or excellent rating. In most cases people who have fallen behind on their monthly payments, missed a couple of payments entirely, have a low income to debt ratio, or have a general hardship repaying revolving credit debts, are categorized as fair credit risks.

It is also possible for incomplete or incorrect information in your credit report to cause your score to be downgraded to fair status. This is often the case when a recently paid off balance has not yet been recorded. No matter exactly how you ended up in the group of people with fair credit, it is important to understand that you are going to have to work a bit harder when seeking financing or credit with reasonable terms. This does not, however, mean that you will be completely unable to get a loan or a credit card.

There are actually plenty of lenders in the market today that offer low interest credit cards for fair credit. The key to finding a legitimate card with terms that will not cause your current financial situation to worsen instead of improve is to know where to look and what to look out for. Just as is the case with your current lenders, negotiating terms with a company you are currently applying for credit with can yield great results. The fact that you care enough to hammer out the details in order to make your financial situation better, is often considered to be an attribute to creditors.

When searching for low interest credit cards for fair credit, take a bit of time to negotiate a lower interest rate, a more forgiving billing cycle, or even a better monthly payment. By spending a bit of time at the beginning, you can potentially save yourself a great deal of money. Even though you take the time and prepare for your search for credit cards for fair credit properly, you must realize that you are still going to be seen as somewhat of a risk when applying. Although it is quite possible you will be approved for a card, you may not be able to receive all of the terms you desire.

In most cases, these types of cards come with lower limits on available credit, and possibly annual fees. While you may have been hoping for better terms, you should think about your future and how this card can help you rebuild your credit. By applying for and properly using credit cards for fair credit, you are making the statement that you are working to repair your credit. Staying current with your payments, paying down balances, and keeping your spending in check will all help to improve your credit score.

This will in turn show your other creditors that you are making an effort to upgrade your situation, which can lead to better rates and terms with these lenders as well. When you have finally fully repaired your credit, always manage your accounts wisely to ensure history will not repeat itself.

Friday, 1 June 2012

Low Fixed Interest Credit Cards

Credit card users would always love to get their hands on cards that have fixed rates. Nowadays, credit cards have variable interest rate that fluctuates according to index rates or even due to the card holders credit transactions. There are certain advantages of using fixed rate cards with low interest, which are hard to find but some companies do offer them.

There are two prominent systems with the help of which a credit card provider charges interest rate, or levies the requisite charges. The common one is a multiple APR or rather a variable APR, where the rate is charged upon purchase depending on the nature of the transaction. The second system is that of the fixed rate of interest. In the past decade, many credit card providers shifted their focus upon providing credit cards with variable or floating rates.

Fixed interest rate credit cards, as the name itself suggests, is a credit card that is provided at a fixed rate of interest that is payable for every billing cycle, irrespective of the amount is spent through the card. Of late, you may have observed that low fixed rate credit card offers are reappearing in the market. There are very few credit card companies that offer this kind of card, since it went 'out of fashion'. Irrespective of the 'old' and 'outdated' service the low fixed rate interest credit cards, are of significant importance, and also play a largely instrumental role in helping the credit card users in many ways.

How do Low Interest Rate Credit Cards Work?

Leave aside all that you know about credit card workings and credit card offers, out of all the credit card mechanisms, fixed rate cards have ridiculously simple billing cycles, also known as credit card processing. The credit card has a fixed interest rate which means that you have to pay up the interest, irrespective of the amount of purchases you made. After the card is approved you will have an interest free period, as per the credit card company's policy. It must be noted that there are also some governmental norms that make such a period compulsory, so that the user may get a gist of the working of the card.

When this time elapses, your billing cycles will start. The billing cycles are principally month cycles, or in some cases quarterly ones. The credit card company bears all expenses made through the credit card and a bill is sent to you at the end of the billing cycle. A particular rate of interest is charged upon the total sum. This rate of interest is common for all billing cycles.

Note that there is specified deadline for the payment of your bill, after which you will be charged with particular fine and your credit rating will drop. Conventionally, the interest that is charged upon the billing cycle is low, such as 8% to 10% (hypothetical). The rate of interest on low fixed rate of interest rate credit cards is extra low 4% to 5% (again hypothetical) and the credit limit is also not sky-high, but stretches up to a very good limit.

Why Low Fixed Interest Rate Credit Cards?

The question is genuine, due to the fact that there is genuine drawback that this credit card has the same rate of interest imposed on every bill. Well, there are quite a few advantages of using this credit card. For starters, let us say the exceptionally low rate of interest. This saves a lot of money in the long run. Apart from such a low interest there are fewer extra fees that are levied upon this credit card. Consider late fees, as they can be harmful, for your pocket as well as for your credit report.

This card is basically suited for some purposes such as grocery and medical bills which are churned out every month. Apart from that, the second advantage is that if you are successful in paying the bill every month then your credit ratings and credit score will rise drastically. On the whole for such regular payments, if you consider such a credit card, you will find that you will pay quite less interest and service fees.

If you calculate properly, and use the fixed rate cards wisely, then you will find that it is a simple and easy way to have a picture perfect credit report, by paying a low and fixed rate of interest. In fact, these kinds of cards are excellent student credit cards and bankruptcy credit cards.

Thursday, 31 May 2012

Low Interest Credit Cards For Good Credit

Finding Low Interest Credit Cards For Good Credit

There are credit cards out there for everyone. From the bad credit, to the excellent credit, you just have to know what you're going to be able to get approved for. When you generally think of good credit, you probably think of a score that's in-between, such as a 680 - 699.

Many people are looking for low interest credit card today. There are some deals out there for these types of cards. You may find that there are not as many of them on the market today as there have been in the past. The combination of the economic condition of the country and the fact that banks have tightened their restrictions on giving out credit have made it difficult to find a good deal these days. The credit companies used these offers in the past to attract customers, but today there are more customers than there are offers, which has significantly dried up the offers.

You should understand that a low interest credit card is usually just for a short period of time in the beginning of a new credit card account. You may find an offer that lasts as long as a year and some are as short as just a few months. When the offer expires, the standard interest rate will apply to the credit card balance. You should know what the interest rate will be when you read the disclosure statement from the bank.

Many of these low interest credit card offers also gave new customers the opportunity to transfer balances to the new card. This helped consumers take the balance from their higher interest cards and transfer it to a card that offered low interest. This was an enticing opportunity for new customers of the bank.

Unfortunately, these offers are long since past and there are no longer many companies making these kinds of offers. The banks are facing difficulties in receiving payments from their existing customers. This has made them a little wary of taking on new customers. Credit ratings are used to determine the interest rate that is paid by each individual customer. Of course, if you do some searching, you can still find an offer for a zero percent credit card. Do a little comparison shopping when you are in the market for a new credit card. By checking on some of the comparison sites, you can shop exclusively for low interest rate cards.

Make sure that you read the terms and conditions of the cards completely before you sign up for the credit card. You should know how long the introductory period will last and what the new interest rate will be when it is completed. There have been many instances of people who have ended up with very high interest rate cards because they did not find out this information until it was too late.

Read the disclosure statement that must be included with your new card offer. This will give you all of the information that you need to make an informed decision about your new low interest credit card. You should be aware of any fees associated with the new card. These expenses can add up to a pretty expensive credit card if you do not take the time to read through all of the information provided.

Wednesday, 30 May 2012

Low Interest Balance Transfer Credit Cards

Low Interest Balance Transfer Credit Cards - Is it a Great Deal Or is it a Trap?

Low interest balance transfer credit cards are promised by most credit card companies saying this is the solution to your problems. They tend to offer low interest rates even as low as 0% to get customers to sign up with them. Some even offer promos and other arrangements like free watches in signing up and a lot more. These are great deals but like all companies they do not do things for free after all it will all come down to business. Before judging if getting low interest balance transfer cards are helpful or not, it is best to know more about it, how it works and why people sign up for it.

Basics on low interest balance transfer credit cards

From the words "low balance transfer", we can already tell that these cards deal with the transferring of balance dues from one card to a different card. And why would you want to move your balance dues? The answer to that is cost cutting. These cards offer a lower interest rate that makes it appealing especially to those who have big dues.

With the rise of expenses in the market, these cards have become one of the major businesses of today. Companies earn large amounts of money through interest charges. Some companies have interests rate that are really high, some even reach 16% interest rate. Since this is consistently charged to the card holder, some card holders find it really hard to pay their dues and their balance charges gets bigger and bigger, then comes the low interest balance transfer credit cards. These allow customer to transfer their balance dues at a lower monthly interest rate which allows them to pay lesser than what they have been paying for every month with their previous company. Some even offer great deals and incentives once you sign in with them.

What do I get from low interest balance transfer credit cards?

Getting low interest balance transfer cards is a great deal. You get to save money since you pay lesser than what you have been paying for. With the right strategy you should be able to acquire great deals once you have signed on.

In choosing the right balance transfer card, look into the interest rates they offer and possible benefits or incentives that you can get in signing up. To get the best deal in signing up for low interest balance transfer credit cards, draw a comparison between other credit companies and their offers. Check your resources and make sure that you will be able to pay your new monthly charges.

What do companies get in offering low interest balance transfer credit cards?

Like all other businesses low interest balance transfer offered by credit card companies has a catch. Once you sign up, you will need to use and follow the promotion that they offered when you signed up. These companies also check your credit standing, if it is good then you get to make the most of it. If otherwise the low interest offered may not really be that low.

Aside from that, getting low interest balance credit cards may affect your credit score. In every instance that your balance would show above 30% of your card limit, your credit rating goes down. Plus if you have signed up for a transfer credit card that does not have available credit enough for your remaining credit which has to be transferred, then your credit rating would also get lower.

In these hard times, debt is something that we cannot do without. Getting low interest balance transfer credit cards may be the answer to our financial troubles but it is best to know what you are getting yourself into.

Tuesday, 29 May 2012

Credit Cards With Low Interest

Finding Credit Cards With Low Interest Rates

Finding credit cards with low interest rates is an effective, and a surprisingly overlooked, way for consumers to reduce their debt and save money. The good news is that this does not have to be an arduous or time consuming process. With a small amount of preparation, a few key pieces of information, and a little persistence, anyone can learn how to be a confident and effective shopper for low interest cards.

Approximately 55% of all credit cardholders carry a balance on their cards, and for these individuals in particular it's important to not only know how to find low interest cards, but to understand the general credit approval criteria used by card companies.

Often, the difference between a low interest credit card and higher interest rate cards can be 10% or more. A card with a balance of $5000 and an interest rate of 10%, for example, would have a minimum monthly payment of $92 (keeping in mind that minimum payment calculations can vary among companies). However, if this same card had a rate of 20%, the minimum payment shoots up to $129. Even worse, the time frame to pay off the higher interest card (paying the minimum payment) increases by nearly two years, and the total interest costs over the life of the card is roughly $4000 greater. Ensuring you are not overpaying on your credit card interest simply makes good financial sense that can directly impact your bottom line.

Before setting out on your credit card hunt, it makes sense to first do a little prep work to aide in your research. Two points are essential. Firstly - be clear on how good (or bad) your credit is. Secondly - you need to understand the various types of fees and penalties associated with credit cards so that you can accurately compare total costs and features between different card offers.

Know what is on your credit report. With today's laws that govern consumer's availability to their personal credit reports, there is no excuse for not obtaining and reviewing reports periodically. Learn the process to request your credit report.Your credit rating determines if, and how much, leverage you have over the credit card companies. Do you have an excellent credit profile that card companies drool over? Or, conversely, do you have poor credit - and find it difficult to get approved for most types of credit? When we talk about one's credit rating we refer not only to the all important credit score, but also the detailed payment history information contained in your personal credit report. Like any loan product, getting the best rates on credit cards will require an excellent credit history and payment record. The better the card interest rate - the more stringent will be the credit requirements. Being clear on your credit rating let's you know if you should concentrate your search efforts on the very best rates, or perhaps focus on a card offer that is a tier or two down from the lowest rates.

It's important to know and thoroughly understand the cost and fees associated with a typical credit card. Regulation Z of the Truth in Lending Act requires lenders to disclose fees and rates in a uniform manner. Credit card interest cost is expressed in the annual percentage rate (APR). Reg Z is extremely helpful in that it ensures that card companies publish the APR in big, easily recognizable lettering. However, beware that other penalties, fees, or rules may be found only in the fine print. For that reason - make sure to always read and understand the terms of any offer before submitting an application. Other fees to consider are; annual fee, late payment charges, grace period before late payment is charged, over-the-limit fees, credit limit increase fee, cash advance fee, interest rate on cash advances, and any other penalties. Hone in on the fees or penalties that are especially important to you. Do you sometimes need a few extra days to make a payment? If so - the grace period and late charge fees should carry extra weight in your card search criteria.

Also critical is to know when and under what circumstances a company can increase the rate. Credit cards come with either a fixed or variable interest rate. Though cards with fixed rates can go up, companies must provide at least a 15 day notice. Variable-rate cards, on the other hand, change automatically and without notice to the cardholder. Most financial experts recommend choosing a fixed-rate card over the variable rate.

Finding Low Interest Credit Cards:

Thankfully, we live in an age where the most efficient and speedy method to find, compare and research credit cards is right at our fingertips- the internet. A good first step is to get an idea of the average card rates in the country, which provides you with a reference point to gauge what rates are below average, above average, or somewhere in the middle. Good credit card rate charts can be found at bankrate.com and indexcreditcards.com. It's not uncommon for rate charts from different sites to show a slight variance in rates. Tabulating the average rates among credit cards from across the entire country is a complex process, with a fair degree of differences arising from data interpretation or timing processes. Use the charts as a guide - and try to utilize more than one.

To shop for, and research, a variety of credit card offers, the recognized leader is bankrate.com. There, you'll find an abundance of information to help you find and evaluate rates and other features. You have the ability to search by card type (such as low Interest cards or rewards cards) or credit type (e.g., excellent, good, average, or bad). Additional quality sites include creditcardguide.com, creditcards.com, cardratings.com, and cardtrak.com. MSN.com (moneycentral.msn.com/banking/services/creditcard.asp) has an excellent credit card analyzer tool where you can easily scan information on many cards, while Interest.com ( credit-cards.interest.com/content/compare/) employs a handy comparison tool that enables you to search by state.

As mentioned before, read the details and fine print of each offer that falls into your desired rate target range. Make sure the published APR is just an introductory offer. You may see a "V" next to the APR - this signifies the rate is variable. Use several sights to compare a wide selection of card products and offers.

What You Need to Qualify

Credit card lenders each have their own separate set of approval guidelines, which is dependent on their risk appetite and other economic and business factors. Generally speaking, to get the cards with the lowest rates, a credit score of 720 to 750, or even higher for some offers, will be required. Lenders will want to see a clean credit payment history, a higher than average income, and a low debt utilization ratio. Debt utilization, or sometimes called credit utilization, is a financial ratio that measure a person's total credit balances vs. their total credit limits - and is a figure lenders watch closely when extending credit. To visualize how to calculate a debt utilization ratio - let's look at an example of a person whose only debt is 2 credit cards, each with a $5,000 balance. If this person has maxed out both credit cards (i.e., their amount owed equals the credit limit), his or her debt utilization will be 100%. Lenders would frown heavily on this scenario as it may appear that a person may be overextending or mismanaging their debt. A figure of 20% should be the target for any individual looking to obtain a card with a low rate.

Not all consumers, of course, have the necessary qualifications to get the absolute cheapest cards - yet this need not be the end goal for everyone. For some individuals, simply improving on the rate you currently have could be a sensible goal. Evaluate your own credit worthiness - and then set realistic goals as to what credit card product you will target. An important point to remember is that you don't want to apply to too many offers at one time. Doing so raises a red flag to lenders that you may be trying to get too much credit in a short period of time - and can temporarily reduce your credit score. The best method is to submit one card application, and wait for a credit decision before applying for another offer if necessary.

Monday, 28 May 2012

Best Low Interest Credit Cards

Choosing Best Low Interest Credit Cards

A common question that I hear from most credit card searchers is, "How do I find the best low interest rate credit on the market?" Choosing the best low interest credit card may seem pretty easy; just pick the card with the lowest rate, right? Believe it or not, the lowest rate may not be the best deal. The best indicator to getting your best deal is to accurately gauge your future-spending pattern. We have "crunched" the numbers for you and have come up with the top three areas you should be looking at when choosing that perfect low interest card.

As mentioned above, the best way to begin your quest to find the best low interest credit card is for you to accurately judge your future spending patterns. This may take some honesty and soul searching. The best way we have found is to look at past spending.

Do you regularly carry a balance? Will you be transferring a balance? Do you pay your cards off monthly? Do use them in day-to-day transactions or for large purchases and emergencies? You will find out next why accurately predicting this spending behavior is important.

The first thing to look out for is the obvious the interest rate. There are a lot of cards that offer a low 0% interest rate for a fixed amount of time then the interest rate will resemble the child in the exorcist. These cards are useful if you plan to pay off the balance that you transfer or charge in that fixed amount of time.

Most people do not and the card companies know this. Do not use these cards if you have a past history of running long on your financial commitments. Instead, opt for a higher fixed rate and begin a steady payment plan.

The second thing you should watch is the multiple fees, particularly if you are using a 0% interest card for a fixed time period. Many credit cards will advertise "no annual fee" but will charge a balance transfer fee instead. Some will charge both. Most of your fixed rate credit cards will have an annual fee, which really equates into an interest rate when you think about it; it is a cost of money.

To accurately judge your cost you should estimate the time of repayment that is reasonable for you and the balance you expect to carry. Then, multiply the expected balance by the interest rate that will accrue in a one-year period. (i.e. $5000 x 10.00% = $500). Next, add the annual fee to that number and you have your annual cost of credit. The lowest number wins!

The third thing to consider when choosing a low interest card is reputation. Many cards have a reputation of changing the rules mid game if you hiccup wrong. This practice is called "Universal Default", most of your larger companies are moving away from this practice.

However, you should make sure you ask ahead of time if they have this clause in the agreement. We also suggest that you perform a quick Google search of that card or company you are considering. Search the name and "complaints" and scroll down three or four pages.

You will find quite a few dissatisfied customers for every credit card out there. Some are legitimate gripes, others are people who failed to plan ahead or read the fine print. Ask the company directly about those complaints and judge for yourself if they are valid.

Finally we recommend that you use cards wisely. I know, this is easier said than done, I myself have lagged in this department. Plan your credit card purchases then set the credit card aside to pay that balance off. Use the formula above to see the cost of credit to ensure you are not overpaying; have designed a card comparison calculator for you to use to more accurately judge your choices. Just remember, credit cards are wonderful when used as a tool, but crippling when used as a crutch.

Visit www.directbanc.com for more information about low interest credit cards.

Sunday, 27 May 2012

Credit Cards With Low Interest Rates

Understanding Low Interest Rate Credit Cards

One of the ways that credit cards get consumers interested in their credit card products is by offering them low interest rates or low interest rate introductory offers. While low interest rates are great for consumers, do your homework so that you're not surprised with high fees or short term low interest rates that jump sky high after the introductory period is over.

It's hard to turn down a credit card with 0% interest, but as they say, there is no such thing as a free lunch. While credit cards with low fees are great for consumers, banks need to make their money in some way and have a way of finding revenue by adding steep fees and only offering low interest rates for the short term.

For instance, you might sign up for a credit card with 0% interest for 6 months, only to find that at the end of that period, the interest rate jumps to 15%. During the first 6 months, you used that specific card very often thinking you are getting a bargain. Unfortunately, now that your credit card balance is higher than before you will be paying a high interest rate and not getting such a great deal. If you want to avoid high interest rates and high credit card debt, avoid traps such as the one above. Low interest rates are great, but in the long run an introductory offer can hurt more than a stable low interest rate credit card.

Low interest rates that last for more than 6 months or a year are usually given to consumers with the best credit rating. If you have good credit, you can usually count on being offered good credit card rates with low fees, for people with bad or poor credit expect a moderate or high interest rate.

There are instances where consumers can use low or no interest rate introductory offers to their advantage. One is to purchase an item that you have the money for in the bank, you can easily pay it off in six months and don't have to use your savings as it accrues interest. This might work for a high priced TV or vacation. Another instance, low or zero percent interest rates can work for you is if you have a high credit card balance on another card. You can transfer the card to the new card, no longer paying your high interest rate each month. This alone can save you a few hundred dollars over the course of six months or a year.

Saturday, 26 May 2012

Low Interest Rate Credit Cards

Comparing Low Interest Rate Credit Cards

We all want the best credit card deal we can get and usually this means paying the lowest interest rates possible when we select a credit card. But how do you compare and choose a low rate credit card that is right for you and how do you make the most of it?

Understanding Interest Rates

Whenever you see an advertisement for a credit card, you will always see a percentage next to it. It may say something like 10%, 16.9%, 18% or even higher. This is the Annual Percentage Rate (APR) and tells you how much interest you will be expected to repay on the amount borrowed annually. If you carry an average monthly debt of around $50. With an APR of 11% you will be paying back an extra $5.50 on your initial loan over the course of a year.

The benefit of a low interest rate is that you will pay back less. With an interest rate of 8% you would only pay back $4 on the same loan. There are usually two types of credit card loans: fixed-rate and variable. The first refers to a fixed interest rate which shouldn't fluctuate during the course of the loan although, with 15 days advanced notice banks are entitled to change the rate. A variable (or standard variable) interest rate may fluctuate in line with the Federal Reserve's rates, resulting in higher or, rarely, lower rates than originally advertised.

What is a Good Low Interest Rate?

All cards and offers are different so it is worth shopping around and comparing interest rate deals. Generally it is a good idea to go for a fixed low rate credit card. You can compare rates by searching for 'low interest credit cards' online or you may find that you get deals regularly through the mail. It is worth comparing any offers that land on your doormat thoroughly. Low interest rates can be as competitive as 6.5%, sometimes even lower, but whether or not you are eligible for that rate often depends on your credit rating. You may find that you apply for this rate but, due to a poor credit rating, you end up being offered a higher interest rate. So if you are looking for a steady low interest credit card it is worth getting your credit rating into shape first. It is also worth reading the fine print on the credit card contract as there may be additional fees that will push up the rate of APR.

For example Pulaski Bank offer a low rate of 6.5% APR but also charges a $35 annual fee. The actual APR on a credit card offer may be higher than you might at first think. The low rate may only be an introductory offer. Beware of very low interest rate cards such as 4.9% and make sure that this isn't about to rise to 16% after six months. In addition, if you have a very high credit score than you should expect to not only pay the lowest interest rates but also to receive a credit card with excellent rewards programs such as free air miles, or cash back on purchases.

Comparing 0% Interest Rates, The Lowest You Can Go

The smart borrower doesn't pay interest at all. Almost all credit card companies now offer 0% introductory rates on credit cards, usually for between six to twelve months. 0% interest is of course the lowest interest rate you can ever pay on a credit card and it is perfectly possible to manage your debt so that it is always covered on an introductory offer and therefore never accrues interest. It is a very effective way to pay off debt without building up more debt. The disadvantages to the game are that you always have to stay on top of the deadline for the introductory offer and apply for a new credit card in time, before the real APR comes into effect.

If you forget about it, you may find you're suddenly charged a whopping 18.9% APR. Also, a person who sticks with a low interest rate credit card as opposed to changing between 0% offers may increase their credit score in the long term. Banks approve of customers who make them money and although no one wants to willingly give the bank money, doing so can lead to a better rating which, in turn, leads to lower interest rates and better credit deals. For more information: 0% interest rate credit cards.

Visit www.creditcreator.com for more information on low interest rate credit cards.

Friday, 25 May 2012

Best Credit Cards With Low Interest Rates

Low interest credit cards can be an important part of one's repertoire of credit cards. Low interest cards are useful for when you need to carry a balance from month to month. They are typically used a way to pay off a large purchase over time. To get the low interest rates offered by these cards though, one must generally have at least good credit.

The most important thing to consider with low interest credit cards is of course: the interest rate. You want as low of a rate as you can get, to minimize how much you will have to pay in interest charges. However, it is not always as simple as that. Many credit cards offer a very low introductory rate, as low as 0%, only to bump you up to a much higher rate (maybe 14.99% or even more) after several months or maybe a year. If you plan to consistently carry balances, you will want a credit card with a rate that stays low.

One other aspect of the interest rate to consider is the rate on balance transfers. If you are carrying balances on your other credit cards, you could save a great deal of money by transferring those balances to your low interest card. The key point to remember is that there is often a transfer fee of maybe 3%-5% to move the balance, so make sure to do the math to see if you will be saving money overall by transferring your balance.

All that being said, here are a few low interest credit cards with particularly good rates/offers and no annual fee:

PenFed Promise Visa: This credit card is offered by the Pentagon Federal Credit Union, to apply you must be a member of the credit union first. Typically, members must be a member of the armed forces or meet other requirements, but even if you do not meet those requirements, you can simply pay $20 to become a member. Even if you have to pay $20, that could be worth it because this card offers a low introductory rate of 7.49% for a full 3 years (36 months). After that, the rate will be the prime rate + 6.74%, which today is 9.99%. The best feature of the PenFed Promise Visa is that is has no fees whatsoever, not even for balance transfers.

Citi Platinum Select MasterCard: This low interest card from Citi is notable for offering an introductory rate of 0% on both purchases and balance transfers for up to 15 months, a remarkably long period of time. Afterwards, the rate will vary between 11.99%-19.99%. The great rate for balance transfers is only slightly soured by the 3% balance transfer fee.

Simmons Bank Platinum Visa: This low interest card is refreshingly straightforward in its lack of complexity and strings attached. There is no introductory rate that will change later. Instead you get a low variable rate that is currently at 7.25% and will continue to stay low into the future. Even better, you have the option of transferring balances onto the Simmons Bank Platinum Visa when you apply without any balance transfer fee, making it even easier for you to take advantage of that low rate.

Visit www.findcashbackcards.com to find bests low interest credit cards on the market.
Good luck..

Thursday, 24 May 2012

Low Interest Credit Cards

Low Interest Credit Cards - Identifying the Ideal Value

Low interest credit cards
are generally effective for the people seeking an easily accessible personal credit line should there be an emergency. They might be especially beneficial if the user plans to make use of the benefits. Nevertheless, with just about any monetary decision, there are numerous elements you'll want to consider while evaluating these types of credit card offers.

People who have a high credit history commonly tend to get the best features on low interest credit cards. For this reason it is vital that you boost your credit score as much as is possible in advance of obtaining a card. Paying up your charges by the due date, maintaining any and all credit lines you at present have beneath the prescribed credit limits, and making certain the debt to income ratio isn't exorbitant are ways to enhance your credit rating. In addition, keep an eye on your credit with cost-free credit checks to ensure that your financial information it is in fact being reported is accurate.

Be sure to look into the additional fees associated with the bank card before accepting any deals. Usually issuers will lure prospective customers with low interest credit cards, and then turn around and impose more costly fees and/or an annual service charge. This most definitely is not best for the cardholder. It is essential to make sure you go through the agreement and also the terms and conditions that accompany each cards to ensure you are obtaining the best deal to suit your needs.

Several cards also provide zero interest, at least for a specified amount of time after you are authorized for the bank card. These bank cards usually are useful for somebody who requires a credit card immediately, and yet will have the balance paid off prior to the offer expiring. Just as with any offer, nonetheless, you have to furthermore understand the various other extra fees that come with the charge card. The zero % APR will not do you a whole lot of good when you're charged an arm and a leg for being one day late with your payment.

Receiving a credit card which includes a low annual percentage rate is usually useful for quite a few situations. In advance of choosing from all the low interest credit cards made available, it is necessary that you consider some details. Possessing a favorable credit ranking will allow you to acquire far more promotions and much better plans on charge cards.

It is necessary that you really educate yourself on the service fees as well as other expenses related to possessing a specific card. Additionally, consider getting yourself a low interest rate credit card which has a 0 interest rate promotional period, provided that you intend to repay the balance before the specific offer expires.

Have a look at BestCreditQuote.com to assess low interest credit cards from the most reputable issuers. You will also find many 0 percent credit cards offering significant savings.