How Do You Compare Low Interest Credit Cards?
One card does not fit all, so while a low interest credit card sounds like the best option it may not be, but before making a final decision it is good to compare the various cards on the market. Low interest rate credit cards either have a low introductory APR or low fixed rate APR. This is an important comparison tool as a low fixed rate APR means that the interest charged on the credit card will remain the same. However, if it has a low introductory APR, once the grace period is up the APR will increase. It is therefore important in the latter case to know whether the APR to be applied after the introductory phase will be fixed or variable. Although a bank may state that it offers a fixed rate APR, because of a clause in the credit card agreement they can change this after giving you notification of the pending change; this is normally a thirty day notice. Examine whether or not the card offers cash back rewards and rebates. This can be a great way to get something ‘back’ for using
