Best Reviews TopConsumerReviews.com Best Low Interest Rate Credit Cards Best Reviews
Best Reviews
      October 17, 2019

Home  >  Low Interest Rate Credit Cards

Your Information Is Secure
Credit Cards: The Lowdown Newsletter

Latest Reviews

Ballroom Dancing Lessons

Copyright Registration

Drum Lessons

Gift Baskets

Health Insurance

Keto Diets

Online Fitness

Painting Lessons

Self Publishing Companies

Teeth Whiteners

Wedding Planning Software

Wills

 

2019

Low Interest Rate Credit Card Reviews

What are the best Low Interest Rate Credit Cards? Low interest rate credit cards are not a fantasy - you really can get a card that charges less than 15%, or even 0%. But, there's a catch: those low rates are usually only for an introductory period, and after that you'll be paying the industry standard of 15-26%. Also, banks offering these low interest rates generally want applicants to have a credit score of at least 660, making this card a not-likely choice for people with bad or no credit. But, if you qualify and can use a low interest rate card to pay down large balances or pay no interest rates on a large purchase, why not?

The Best Low Interest Rate Credit Cards

 

Are Credit Cards... Bad?

Credit cards are bad because they all charge an arm and a leg in interest…. right? Not necessarily. If you're currently paying more than 15% APR and carrying a high balance from month to month, you're spending a lot on those interest fees. But, with a low interest rate card, you could save all of that money and use it to pay your balance down more quickly. Here's what you need to know.

 

Low- and Zero- Interest Rate Cards Do Exist

And they're not hard to find. On any given day, you'll find a wide range of options to choose from, depending on what works best for you. Need a card with no late fees - ever? There's a credit card for that. Want to make some "free money" in the form of points or cash back rewards? You guessed it: there are several low interest rate cards from all of the issuing banks you'd expect that give you miles, points, or money on every purchase.

 

Low Interest Rate Cards (Usually) Charge Interest - Eventually

Be sure to read all of the terms and conditions for the low interest rate credit cards you're considering. Why? You'll probably see that the low (or no) interest rate offer they're giving you has an expiration timeframe. For example, one card might give you an introductory rate of 0% for the first 12-18 months that you have the card, or that rate might only apply to new purchases or balance transfers.

Credit cards make money every time you use your card, in the form of merchant fees paid by the businesses where you make your purchases, but they make even more when people don't pay their balance in full. So, it's not in any credit card company's long-term interests to never charge you interest. That's just the way it works.

After that initial lower rate period, you'll probably be paying the usual 15-26% APR your cards are currently charging. Keep that in mind when you start using your new low interest rate card: take advantage of that timeframe to pay down as much of your balance as possible, before the higher interest rate kicks in.

 

Low Interest Rate Cards: Good To Excellent Credit Preferred

One last thing to point out: most low interest rate cards currently on the market are offered to people with good to excellent credit. In other words, if your credit score is significantly less than 660, you might not be approved. Take the time to improve your credit history - through on-time payments, fewer credit applications, and so on - and then take advantage of a low interest rate credit card when your score has increased.

The Best Low Interest Rate Credit Cards

TopConsumerReviews.com has partnered with Lending Tree to help you find the best Low Interest Rate Credit Cards currently being offered. We hope this information will guide your decision making as you choose the right card for your needs!

 

Credit card interest rates are higher than ever, but 8 cards have a lower APR if you need to carry a balance

Credit card interest rates are at a historic high, but there are still some options that offer low APRs, both with 0% introductory offers and after.

Published:  Mon, 14 Oct 2019 13:01:00 GMT



This Is the Best Low Interest-Rate Credit Card

No matter how good the perks are or how many points you can earn, the value of those benefits will erode rapidly if you revolve a balance, making the interest rate one of the key criteria for what ...

Published:  Mon, 07 Oct 2019 03:26:00 GMT



The Only Good Reason to Open a Store Credit Card

What to do if you can't get approved for a store credit card If you have no credit score, or a low credit score, you'll probably have to look to other ways ... They also tend to come with higher fees ...

Published:  Wed, 16 Oct 2019 07:07:00 GMT



Average retail credit card's interest rate surges to 26% - despite Fed cuts

Shopping for bargains at discount stores makes financial sense, so long as one isn't running up a tab on a store-branded credit card with an exorbitant interest rate. While the Federal Reserve ...

Published:  Wed, 09 Oct 2019 22:01:00 GMT



This week in banking news - credit cards, interest rate cuts and AMEX's new limited time offer

... for smaller interest margins with higher interest rate credit cards. Of course there are a number of smaller banks who have been willing to pass on the rate cut to credit card customers. Auswide ...

Published:  Thu, 10 Oct 2019 18:30:00 GMT



These credit cards are getting way more expensive - what shoppers need to know

... come with very low or no credit-score requirements, making it easy for retailers to issue the cards on the spot to shoppers when they're at the cash register. The banks that issue these cards on ...

Published:  Thu, 10 Oct 2019 07:32:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure