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Choosing_the_Best_Low_Interest_Rate_Credit_Cards

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					Title:
Choosing the Best Low Interest Rate Credit Cards

Word Count:
645

Summary:
This article describes how to choose amongst the very best low interest
rate credit cards.


Keywords:
Low Interest Credit Cards,Low Interest Rate Credit cards,Cheap Credit
Cards


Article Body:
In the age of plastic money, everyone is trying to cash in on the best
credits provided by banks – which makes credit cards a buzzword today.
But the interest rates on these credit cards make people wary of using
them. It is therefore, very important to find low interest credit cards.
There are various options available in the market and we will help you
choose low interest rate credit cards and cheap credit cards.

Low Interest Credit Cards

With banks heavily commercializing the credit card, there have been a
plentitude of low interest credit cards. Many banks provide zero percent
APR (Annual Percentage Rate) on balance transfers and purchases made
during the first 12 months. These credit cards offer you safe, secure,
and free online transactions and account management tools.

Many credit cards offer cash back on purchases made by you. You just have
to find the best percentage of cash back. You will also get some points
when you buy purchase things like a new car, an SUV or perhaps a Sedan.
The benefits do not end here as you also may be exempted from the annual
fees. Last but not the least; you may get excellent credits along with
all these extra facilities. Many a times, you get rewards and prizes if
you meet certain norms. This is how the low interest credit cards have
really clicked with the populace.

Making Low Interest Rate Credit Cards Work for You

If you are unable to pay off your card in full every month and you are
worried about the increasing debts every month, then the low interest
rate credit cards are just what you wanted. As compared to the other
credit cards that charge 16 to 18 percent, these cards will charge you
around 5 to 9 percent interest. You can easily save $400 in the very
first year on a revolving card of $4000 balance.

Cheap credit   cards that offer low interest rates are advertised
prominently,   but these ads fail to provide one important piece of
information.   Only a small number of people qualify for credit cards with
low interest   rates. If you are among the high credit rating group with
high salary then you can expect to get lucky and avail of these credit
cards with low interests.

When opting for such a credit card one should make sure that the annual
fee or its APR is zero. In fact, you should insist on getting zero APR.
Most of the fake card companies may ask you for $50 to $100 annual fee.

How Can You Save Money With Low Interest Rate Credit Cards?

Often, you will see that the credit card companies provide low interest
rates on a credit card as an introductory offer. But this lasts for a
very short period, that spans to 6 months max. Then, the interest rate
goes high and the low introductory rate quickly disappears. The rates
charged by these companies may seem lucrative in the beginning but later,
it becomes a burden as the interest increases.

Low interest rate credit cards come to your rescue when you want to pay
back the money before the introductory offer expires. The credit card
with low APR plays a vital role in saving your money. Also, keep in mind
that if the introductory rate jumps from 0 straight to 15 percent then it
is not the right card for you. You just have to ignore such an interest
rate and the credit card of course!

In some situations, high interest credit cards can be the best credit
card when you plan to own it for an extended period of time. When you
choose a fixed low APR credit card or a cheap credit card, you will know
what your interest rates are going to be. Low interest credit cards are
therefore the best options as they provide the best service with low
interest and rewards on purchases made by you.

				
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