What is considered a good interest rate on a credit card and should this rate be fixed or variable?
The interest rate that you will be quoted for a credit card will depend on your credit score or FICO score. Of course, the lower the better. There are actually credit cards that give you 0 percent interest for a certain introductory period (usually 6 months to a year). You can’t get much better than that! The only thing is that you have to make sure to pay the card off before the period ends. Usually the rate will be much higher after the introductory period. Some other cards may have an introductory rate of 2-5 percent. These are also good. If you plan on purchasing something major and will take a long time to pay it off, these may not be the best cards for you. You should just look for a card that has a low rate and preferably one with no annual fees. Credit cards are almost always a variable rate. It may be fixed for a certain period (like I said earlier), but then it will change. If you transfer a balance from one card to another, the transferred amount could be at a fixed rate. If
