| 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. |
