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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.

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