Low fixed apr credit card
A credit card can serve to be one of the best financial tools if it is used properly. But most of the times because of the high interest rates associated with these cards people find it difficult to keep up with the payments. For this reason there are low fixed APR credit cards available that would help you lower the payments towards the credit card.
Before we go into understanding the low fixed APR credit card offer let's first understand what does APR stand for. APR signifies Annual Percentage Rate which is the yearly cost charged on your credit card. With the help of this APR you can compare the interest rate applicable on different cards and decide which one would be the best for you. So you should keep in mind that lower the APR is better would be the offer on the credit card.
Why should you opt for a Low APR credit card?
If you are finding it difficult to make payments then a low APR credit card would be the best option available for you. The APR would tell you the balance over a long period of time, which is the most required aspect in a credit card.
The lower the balance on your credit card the lesser interest you would have to pay. With a low fixed APR credit card your interest for the entire period of the credit card would be fixed and you would know the amount that you would have to pay towards the balance after calculating the interest rate applicable on it. In this manner you would know what you are signing up for. Every company has different offers available on credit cards and hence it is important that you thoroughly compare the different options available and then decide on which would be the best option for you.
How to qualify for a low fixed APR credit card
Getting a low fixed APR credit card is not very difficult if you have a good credit score and your payment history has been good. Usually the credit card providers would offer the low APR cards to people who have good credit scores.
When you think of applying for a low fixed APR credit card make sure that you compare the different offers that are available in the market. Make sure that you go through the terms and conditions that have been listed out in the credit card agreement so that you know whet are you signing up for.
Also make sure that while taking the low fixed APR credit card about the other charges that are involved with it. It is important that you realize that there should not be any extra charges associated with the card when signing up for it.
Some examples of the low fixed APR credit card are mentioned below:
Citi Platinum Select MasterCard: They offer an APR as low as 8.74%. They also have an intro Apr offer for the first 12 months and there is no annual fee associated with this card.
Discover More Card: They charge an APR of 10.99% and you can enjoy an introductory APR for 6 months on purchases & 12 months on balance transfers
Visa Black Card: This card offers a regular APR of 13.24% and you get a 0 introductory APR for first 6 months on balance transfer
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