Card credit interest low
Low interest credit cards are the credit cards that are offered at low interest rates. When a person applies for getting credit card, his main objective is to get a credit card with lowest interest rate. For accomplishing this purpose, he logs on to web sites that allow him to make comparison among all the available credit card offers and choosing for the best one. Low interest credit cards are available but a person has to fulfill certain conditions.
For example, most of credit card companies that provide low interest credit cards require a person to have a good or excellent credit. It is important to note that credit card interest rate comes into picture only when a person is not able to repay his outstanding debt in the grace or interest free period and thus, has to bear the interest. There are different types of low interest credit card offers available. Let us understand some important aspects before discussing some credit card offers.
Some important aspects
There are many types of benefits and rewards offered by credit card companies and a person should understand these before applying for any type of low interest credit card. For example, there are some credit card issuers that offer great cash back rewards. Similarly, there are some issuers that offer introductory 0% or low APR for a limited period. This period is called as introductory period. Now it has to be decided on basis of usage what credit card is really beneficial. If a person requires credit card for making balance transfer, he must be concerned about the introductory period length and regular APR attached with the credit card.
This is because if there is any credit card that offers 0% APR balance transfers for a period of 15 months and attracts regular APR thereafter at 15%, it is certainly better than the credit card offering 0 APR balance transfer for a period of 6 months but attracting regular APR at 7%. Thus, definition of low interest credit card differs from one person to another. Similarly, if any person uses his credit card quite regularly and repays amount in time, he must go for that credit card which offers him best cash back offers rather than choosing on the basis of low interest rates. If any person is unable to make credit card payments in time, that is, within the grace period, he must get credit card with lowest APR. This would help him in saving great deals. Annual fee is also an important aspect that must be looked carefully by a person.
Few low interest credit cards
Capital One Platinum Prestige is one of most popular low interest credit cards available. It can be applied online or a person can call at 866-605-0808 for same. This credit card can be used for making purchases and balance transfers at 0% APR till October 2009. Regular APR associated with this credit card is 8.9%, which is quite low. There is no annual fee and excellent credit is required for applying to this credit card.
Discover more card is also one of various low interest credit cards. This credit card allows a person in getting from 5-20% cash back bonus at the leading online retailers. On all the other purchases made, cash back offers up to 1% are available. Besides this, a person can also get points by using this credit card and these points can be redeemed for gift cards. There is no annual fee attached with this card. Online access is also provided to the card holder. Thus, a person can pay the bill online in an easy manner. Regular APR is as low as 10.99%. But a person requires excellent credit for getting this credit card.
Visa Signature World Points Rewards from Bank of America is also one of important low interest credit cards. This card offers 0% APR on balance transfers with respect to first 15 billing cycles and a person can easily earn one point on each dollar spent by him in retail purchases. These points are redeemed for brand name purchases, cash, etc. There are no black out dates. This card does not attract any annual fee. Discounts are also offered at select merchants. So far as APR is concerned, it ranges from 9.99-15.99%. Good credit rating is required for applying for this credit card.
Blue from American Express is another leading low interest credit card. It offers 0% APR on purchases that are made up to a period of 12 months and there is no annual fee attached with this credit card. Balance transfers through application can be made at 2.99% for a period of 12 months and after this, regular APR becomes applicable. Points gained can be redeemed towards gift cards, merchandise, travel etc. This credit card also has membership rewards express program. Approval is provided in a very fast manner. Regular APR attached is as low as 10.99%. For applying, excellent credit is required.
Similarly, Diamond Preferred Rewards Card from Citi is another low interest credit card available. It offers 0% APR balance transfer for 12 months. On each dollar that is spent by a person at drugstores, supermarkets and gas stations, 5 reward points are offered. This benefit is offered for a period of 12 months only. After this period, credit card holder earns one point for each dollar spent. There is no annual fee attached and this card is offered along with price protection program and citi identity theft solutions. Regular APR attached with this card is as low as 10.24%. However, good credit is required for applying to this credit card.
Simmons first visa platinum is another low interest credit card. Regular APR is 7.25% and it remains fixed up to specified tenure. There is no balance transfer fee charged. However, there is no introductory offer. There is no annual fee but for getting this credit card, excellent credit is required.
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