How
to Find the Best Low APR Credit Cards
by: Morgan
Hamilton Low APR credit cards are
much more prevalent than in years past. Competition
is stiff and credit card financial institutions
offer many nice perks, rewards, points, low annual
percentage rates (APR) and other inducements.
They want to capture new customers who've never
had a credit card but also those who already have
a credit card and might like to save money by
transferring that card's balance on to their new
low APR credit cards.
Of course, there is nothing lower in an APR than
zero - and those exist too, although sometimes
for a limited time period. It may be that the
lowest, or even the zero percentage APR is for
an introductory period, after which the rate is
higher. The permanent APR is what you want to
watch out for, of course. Although if you're not
opposed to doing a lot of switching, you can always
purchase a low APR credit card, or zero percentage
APR credit card, transfer the balance from your
current high APR credit card, and then, once the
introductory time period has expired and the APR
is about to go up on your newest credit card,
transfer the balance yet again to a brand new
low APR credit card.
Let's look at a few of the low APR credit cards
out there, so you know what kinds of options are
typically available to you.
Citibank, for example, offers low APR credit
cards that give you five percent cash back on
any purchase you making at grocery stores and
gas stations with your low APR credit card, and
one percent back for any purchase elsewhere. The
APR on transfers is zero for the first year. If
your transfer transaction is at least $1500 you
will earn $5 cash back with the low APR credit
card. There is no annual fee and the APR after
the first year is 12.24 percent.
Discover has a platinum clear card whose low
APR is continual. The first year the APR is zero,
but after the first year it's still a very competitive
9.99 percent. And there is no annual fee. With
these low APR credit cards you earn a five percent
cash back bonus on purchases made from hardware
and home improvement retailers, restaurants, book
vendors, and gas stations. If the retailer doesn't
qualify you for the five percent discount you
will always get one percent back no matter what
you buy and from where with this low APR credit
card.
Chase Bank offers low APR credit cards as well.
Its zero percent APR is good for six months, after
which you will pay 10.49 percent. These low APR
credit cards have no annual fee, and offer rewards
at the rate of one point for every dollar spent
with your Chase card. You can get free airline
flights and hotel rooms, as well as cruises and
auto rentals. This card also provides $500,000
worth of travel insurance for worldwide vacationing.
You can also take advantage of a fifteen percent
discount off a Hertz car rental with these low
APR credit cards. |
