Low Interest Rate Credit Cards
If your credit is good, shop around for credit
cards with lower rates.
Choosing a credit card with the lowest interest
rate can save you money. Forty-four percent of
all U.S. families had an outstanding balance on
some type of credit card after paying their most
* This online application is subject
to the terms and conditions as described in the
Important Information Section of the application.
*See the online credit card application for details
about terms and conditions. Reasonable efforts
are made to maintain accurate information. However
all credit card information is presented without
warranty. When you click on the “Apply Here"
button, you can review the credit card terms and
conditions on the cooresponding card issuer’s
List of Low Interest Rate Credit Cards
Smart consumers comparison shop for credit cards.
Competition in the credit card industry is fierce.
If you're a good customer, a card company is going
to want to hang on to you.
When you're looking for a credit card, be sure
to consider the costs and terms. They can make
a difference in how much you pay for the privilege
of borrowing. Compare them with the costs and
terms of the cards you already have to find the
plan that best fits your spending and repayment
Key costs and terms to consider are the annual
percentage rate (APR) for goods and services as
well as for cash advances, the annual fee, and
the grace period. Also compare cash-advance fees,
late-payment charges, and over-the-limit fees.
Review the following information when you apply
for a credit card:
- Interest rate pricing
Is the interest rate fixed? Variable? Tiered?
If the rate is variable, what is the index?
The margin? The multiple?
What is the APR for purchases? For cash advances?
For balance transfers? Is there a penalty rate
if you make late payments?
- Finance charge
What method for determining the outstanding
balance is used to calculate the finance charge?
- Annual fee
What is the annual fee, if any?
- Grace period
What is the grace period for purchases? (Grace
periods usually do not apply to cash advances,
which begin accruing interest from the day of
- Other features
Does the plan offer enhancements that are attractive
to you, such as cash rebates, purchase protections,
warranties or guarantees, travel accident or
automobile rental insurance, discounts on goods
and services purchased, and incentives for use,
such as frequent flyer miles? Are these features
available at no extra cost?