low interest credit cards

low interest credit cards

You have decided that you need a new credit card and you already know that you want a low APR credit card. You have made a good choice, but you probably also know that there are quite a variety of cards available with that option. Here are some tips that will help you make the choice is best for you.

Choose As Low Of An APR As You Can Get

If you have a tendency to allow a balance to remain on the credit card, then you will need to acquire as low of an APR as you can get in a card. This feature alone can save you a lot of money over the life of the card – but will not save you nearly as much if you simply paid it off each month. Low APR credit cards will usually have an introductory offer of either 0% APR for up to 15 months, or, a very low APR for the life of the card.

Look For Balance Transfes Time Limits

In addition to the low APR, try to find a card that will give you 0% interest on balance transfers as well. As you look the various cards over, though, note that the time length on this option may not be the same as for the 0% APR. Some of these credit cards may only give you the benefit of a 3 month balance transfer period at 0% interest, but may give you up to 15 months 0% APR on your purchases, or vice versa. So, if you want to take advantage of both options, read the fine print carefully.

Another thing about balance transfers is that some companies definitely will limit the time as to when you can actually make the transfers. Some will only permit you to make a transfer to your new low APR credit card at the time you apply for the card with all details of what you are planning to transfer on the application itself. Other credit card companies will allow for balance transfers to made over the introductory time period, not making such a restriction.

Consider Your Own Needs

Part of getting the best deal on a low interest credit card depends on how you normally will use it. If you regularly pay off the monthly balance, then the interest rate is not that much of a concern. You will want to focus rather on the other benefits that are available. Here are some of the options that are more commonly offered.

oTravel Benefits

If you are a frequent traveler, then there are two ways you might be able to benefit. If you normally travel by air, then you will want to be able to get air miles benefits on your low APR credit card. These often come with bonus miles, some as high as 25,000, just for signing up and making your first purchase. Some card offers will give you the choice of using those miles to go toward your hotel room, meals, or other options. Other benefits include free gas rebates, a rebate toward the purchase of another car, and rewards if you travel by car.

oCash Back Or Rewards

Some of the low APR credit cards currently available will provide a system where you can get a refund of a percentage of your purchases. These rewards allow you to get as much as a 5% reward for various types of purchases. The highest percentage cash back is typically for your purchases at the food, gas, and pharmacy stores. Most cards will offer a 1% up to 3% reward on all other purchases.

Another thing you need to look for is whether or not there are any annual fees. These vary from card to card but could go as high as $150 or more. If you do carry a balance on your credit card, this kind of fee could render the other potential benefits almost meaningless.

TurboTax Home & Business Federal + e-File + State 2010 - [Old Version] $7.99 TurboTax Home & Business was designed to help you take full advantage of your personal and business deductions so you get the biggest tax refund possible, double-checking for accuracy and identifying missing deductions and credits. Includes free Federal E-File. Everything you need to easily do your personal and business taxes. Guides you Step by Step through Self-Employment Income, Deductions,...

Modeling Structured Finance Cash Flows with Microsoft Excel: A Step-by-Step Guide.Book & CD-ROM $42.35 A practical guide to building fully operational financial cash flow models for structured finance transactionsStructured finance and securitization deals are becoming more commonplace on Wall Street. Up until now, however, market participants have had to create their own models to analyze these deals, and new entrants have had to learn as they go. Modeling Structured Finance Cash Flows with Micros...

How To Use Credit Cards As A Powerful Financial Tool: Discover How Low Interest Cards, Credit Card Transfers And Other Credit Card Types Can Help You ... Deals So You Can Make Your Lifestyle Better $15.95 Credit cards are increasingly becoming an essential financial tool in this modern life. Without it, we just don’t have enough money for the little luxuries that perk up our standard of living. Many times we find that we cannot meet expenses or afford to buy goods and services on special sale when we have no ready cash. Credit cards make it possible for us to splurge on things right away and ...

How To Use A Credit Card; Use Your Credit Card Wisely With This Guide To Credit Card Protection, Maintaining a Good Credit Score, Finding Low Interest Rates, Money Management And More! $9.75 Do you want to learn how to take control of your credit cards, debt, and credit score? Would you like to learn the strategies to use your credit card wisely? Are you interested in credit card protection against fraud? This comprehensive guide, How To Use A Credit Card will show you the answers to all of these questions and more. You will learn the strategies of wise credit card use, such as paying...

TurboTax Home & Business Federal + e-File + State 2010 - [Old Version] $7.99 Designed for sole proprietors, self-employed, consultants, 1099 contractors, and single-owner LLCs. Expanded interview walks you through entering business income and expenses to help you maximize business and personal deductions, home office deductions, depreciation and more. Create W-2 and 1099-MISC forms for your employees and contractors. The Intuit TurboTax Home & Business Tax Year 2010 Softwa...

Modeling Structured Finance Cash Flows with Microsoft Excel: A Step-by-Step Guide.Book & CD-ROM $42.35 A practical guide to building fully operational financial cash flow models for structured finance transactionsStructured finance and securitization deals are becoming more commonplace on Wall Street. Up until now, however, market participants have had to create their own models to analyze these deals, and new entrants have had to learn as they go. Modeling Structured Finance Cash Flows with Micros...

How To Use Credit Cards As A Powerful Financial Tool: Discover How Low Interest Cards, Credit Card Transfers And Other Credit Card Types Can Help You ... Deals So You Can Make Your Lifestyle Better $15.95 Credit cards are increasingly becoming an essential financial tool in this modern life. Without it, we just don’t have enough money for the little luxuries that perk up our standard of living. Many times we find that we cannot meet expenses or afford to buy goods and services on special sale when we have no ready cash. Credit cards make it possible for us to splurge on things right away and ...

How To Use A Credit Card; Use Your Credit Card Wisely With This Guide To Credit Card Protection, Maintaining a Good Credit Score, Finding Low Interest Rates, Money Management And More! $9.75 Do you want to learn how to take control of your credit cards, debt, and credit score? Would you like to learn the strategies to use your credit card wisely? Are you interested in credit card protection against fraud? This comprehensive guide, How To Use A Credit Card will show you the answers to all of these questions and more. You will learn the strategies of wise credit card use, such as paying...

Derek Alexander Credit Card Wallet - Black and Brandy $50.4 Derek Alexander-This wallet is compact with lots of room for credit cards. There is a special extra flip-up wing that can hold extra cards.

Derek Alexander Credit Card Wallet - Black $50.4 Derek Alexander-This wallet is compact with lots of room for credit cards. There is a special extra flip-up wing that can hold extra cards.

Budd Leather Flat 10 Credit Card Stacker - Fuchsia $23.2 Budd Leather-Ideal for the person with numerous credit and travel cards organized

Budd Leather Flat 10 Credit Card Stacker - Black $23.2 Budd Leather-Ideal for the person with numerous credit and travel cards organized

Budd Leather Flat 10 Credit Card Stacker - Cognac $23.2 Budd Leather-Ideal for the person with numerous credit and travel cards organized

Budd Leather Flat 10 Credit Card Stacker - Lime Green $23.2 Budd Leather-Ideal for the person with numerous credit and travel cards organized

Budd Leather Flat 10 Credit Card Stacker - Red $23.2 Budd Leather-Ideal for the person with numerous credit and travel cards organized

Budd Leather 5 Coin Purse With Credit Card Slits $24 Budd Leather-Great for keeping change and credit cards readily accessible

Budd Leather 5 Coin Purse With Credit Card Slits - Tan $24 Budd Leather-Great for keeping change and credit cards readily accessible

Budd Leather Flat 10 Credit Card Stacker - Blue $23.2 Budd Leather-Ideal for the person with numerous credit and travel cards organized

I have been reading so much about credit. On many documents that I have read it’s good that you have the balance spread out on all your credit cards. The Equity Loan that you would get will be at a higher interest rate, so the best thing that I would probably suggest is to possibly find a way to increase your credit score to possibly 720 or higher and then refi your home loan, because you will be able to get a better interest rate than consider paying off those balances with a lower interest rate.
P.S if you need more info on credit, I can defenitely give you some info..