Low Interest Credit Cards- Fixed vs. Variable

If you're planning on making some large purchases or doing holiday shopping and would like a credit card to help with expenses, a low interest credit card is your best choice. You'll find many excellent offers of low APR credit cards on the market today. Some of these low rate credit cards offer balance transfers as well as other bonuses like cash back and rebates. When choosing low interest credit cards, be sure of which type of card you're getting.




If you're planning on making some large purchases or doing holiday shopping and would like a credit card to help with expenses, a low interest credit card is your best choice. You'll find many excellent offers of low APR credit cards on the market today. Some of these low rate credit cards offer balance transfers as well as other bonuses like cash back and rebates. When choosing low interest credit cards, be sure of which type of card you're getting.
 
Low interest credit cards, such as a low interest Visa or MasterCard, can be a great deal for your because many of them offer you a great introductory rate that may be anywhere from 0% to 5% each year. After the introductory period is up on your low interest Visa, your interest rate will increase but it will still be a low APR. In addition many of these low APR credit cards offer you the opportunity to balance transfers from other credit cards so you can pay these balances off while you're still in the low APR introductory period. Before you select one specific low rate credit card, read the terms and conditions so you know all the factors before deciding which low APR credits are the best choice for you.
 
To qualify for low interest credit cards, you usually have to have good credit, unless the low rate credit card is a secured credit card. With all the many low interest credit cards available, you're sure to find one that will fit your profile and needs. Low interest credit cards generally have two types of interest rates: a fixed APR or a variable APR. If you have a low interest Visa with a fixed APR, the interest rate will remain the same. If, however, your low rate credit card has a variable APR, your APR on your low interest credit card will be based on the national prime rate. Every time their interest rate changes, the rate on your low rate credit card will change as well. This can be to your advantage or disadvantage depending on what the economy is like. If you're unsure which rate is best on low interest credit cards, determine what your payment method will be. If your intentions are to pay your balance each month, a variable rate will work well for you with your low APR card. However, if you plan on carrying a balance each month, you're better off with a low rate credit card with a fixed rate. Consumers that pay off their balances each month often choose low interest credit cards that also offer rewards or cash back.
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