credit cards
The major source of income for credit card companies is from a charge to the business accepting the credit card. If you have more than one business card, consider dropping the ones that you don't use as much. Let the credit card companies make their money off someone else. Wise use of credit is fine. They love you when they are trying to get your business but you will eventually lose your luster. Average Daily Balance: This is the most common calculation method. Some cards with low rates for on-time payments apply a very high APR if you are late a certain number of times in any specified time period. Once you are on their books as a customer the fun really begins. But it's just the opposite. Check with your bank; they want your business and sometimes will send offers with your checking account statement. Also called a grace period, a free period lets you avoid finance charges by paying your balance in full before the due date. If you were charging cash when you got a cash advance, you would normally have a grace period of twenty-five days or so after you got your bill. 5% of the amount taken. Remedy: Throw the offer out! The average daily balance is then multiplied by a card's monthly periodic rate, which is calculated by dividing the annual percentage rate by 12. Special Delinquency Rates. Otherwise, you can switch issuers to a lower- priced card. These cards are very useful for repairing bad credit or building a credit history and require money to be deposited onto them before they can be used. With gas prices so high, you may want a gas station credit card to help subsidize the cost of driving. It helps you in growing your business. Travelers: If you are a frequent traveler, many companies allow you to earn bonuses. Of course, the credit card companies are betting that most people that land a zero-percent deal won't pay down their debt and that a big, fat balance will linger long after the interest-free period ends. These cards are an effective way to establish and improve your credit history. If these conditions don't apply, you may want to consider filing an action in small claims court. money at the pump try looking at a gas rebate credit card. It must reach the creditor within 60 days after the first bill containing the error was mailed to you. It is expressed in the form of an interest rate. The bank stands to make more money from finance charges the longer you carry out payments--and you foot the bill. Here are some tips to help you decide when and how to use your credit card online. Card issuers sometimes offer teaser rates to encourage balance transfers coming in and balance-transfer fees to discourage them from going out. For individuals with poor credit, or no credit, several types of credit cards are available. In layman’s terms this means each of us gets, on average, sixteen to twenty pieces of mail annually from credit card companies trying to convince us to apply. It must be disclosed before you become obligated to a credit account. You not only save the cost of a stamp, but many cards let you pay online as late as the day that the payment is due. , can make folks salivating over the thought of a new vehicle forget about exploring other options that might be a better deal. Consumer credit scores dropped by 20, 50 or 100 points or more in less than 180 days. It is up to you to read all of the details about every card you are considering. Most borrowers don’t shop around before applying for a new credit card and inevitably fail to get the best credit card deal. If you expect to pay your bills in full each month, the annual fee and other charges may be more important than the periodic rate and the APR, if there is a grace period for purchases. 20,000 two years ago. They will use information from the application form you submit and references agencies. Not paying off the entire amount in your account every month will result to large finance charges. The trick of managing your finances with this type of credit card is to take advantage of the 0% by transferring other balances to that card and paying them off as quickly as you can. Out of all the factors such as your financial status, income, investment your credit history is the most important one. It can help open doors for you or keep them locked. students, banks hope to gain a lifetime customer. The required deposit may range from a few hundred to several thousand dollars. This couldn’t be further from the truth. The higher your credit limits the less likely you are to seem overly burdened with debt. low interest credit card in your wallet. Many credit card companies will provide incentives to have you enroll by offering a low interest rate to new card subscribers. For example, on a credit card with the Prime rate as its index, no matter how low the Prime rate drops, the rate on the line may never decrease below the stated rate floor. And don't assume that in a year from now you'll have more income and can pay for it. If you run your business, then you can't say that you don't meet the expense of not having business credit cards. If you have good credit, you may be able to qualify for these offers, but you are more likely to be approved for a Gold or Classic card. Some creditors also exclude unpaid finance charges. Click here to go to our top lender to consolidate your debts. Get your Low Interest Rate Credit Cards today and get a decision on the credit card in seconds! Low interest cards are great if you tend to carry a balance each month. This is when fees and interest outpace the amount you pay each month. The card companies prefer not to compete on interest rates and pother card costs. MBNA America's Elite Rewards Platinum Plus MasterCard comes with zero-percent teaser rates on cash advances and transferred balances for 12 months. Cash rebates on purchases - You save about 1% annually on all purchases and at the end of the year you will receive a check or credit to your account in the rebate amount. After you fill out the application it will be reviewed by the credit card issuer within a week and you will receive the response whether you are approved for a credit card or not. Before snatching up a zero-percent card offer, be sure to grab a magnifying glass and pour over the fine print. The data, specifically credit limit information, was omitted in an effort to hide the true value of a customer from their competition. Variable interest rate -- Percentage that a borrower pays for the use of money, and which moves up or down periodically based on changes in other interest rates. If you're looking for credit, be wary of some 'gold' or 'platinum' card offers promising to get you credit cards or improve your credit rating. Changes in the cardholder agreement may be made, with written advance notice, at any time by the issuer. Rate changes raise or lower the finance charge on your account. Whether you are going for shopping or holidaying outside your area it provides better mental as well as financial stability. The banks may limit the amount that can be charged to a specific dollar amount. Will you pay off the balance in full each month, or will you carry a balance? Teaser rate -- Often called the introductory rate, it is the below-market interest rate offered to entice customers to switch credit cards or lenders. In actuality, credit cards are really high interest loans in disguise. Shoppers: If you are a frequent shopper, or prefer a certain retail store or brand of products, many companies allow you to earn cash rebates when you make purchases. An explanation must also appear on your billing statements. There's no easy way to get out of debt. Previous Balance. You also may want to ask about these terms when you're shopping for a card. He pays a $40 annual fee plus a $25 late fee (he was out partying and forgot to mail the check the next day). They viewed a customer with a high credit limit as being susceptible to other more compelling offers from their competition. Credit card companies typically get between 8-10% of the final sale. What's the cause of this growing trend? Car dealerships with ads that scream, Super low interest! Further, they’ve managed to self justify the means almost as to seem normal. And, to boot, 1,000,000 pieces of mail is nothing for the large credit card issuers who will send out several hundred million solicitations this year. Your credit line is a percentage of the deposit, typically 50 to 100 percent. If you buy something over the Internet, and do not receive it, you can put a stop-payment on the item. Remedy: Find cards that exclude new purchases when calculating interest. Two for one flights around the country - Several airline cards offers two-for-one vouchers of you apply and are accepted for their card. Card holder agreement -- The written statement that gives the terms and conditions of a credit card account. Some charge a monthly fee whether or not you use the card. If a marketer assures you that reliable information about you will be reported to credit bureaus, call the bureaus to confirm that the merchant is a member. This means that over a year it pays you $1 and charges $180 in interest. In some cases, offers for 0% cards will come in your mail in coupon packets or in your newspaper. One late payment and you can kiss that zero-percent interest rate good-bye. These disclosures take up an estimated 25% to 50% of the weight of the piece of mail thus adding to their postage costs. *NOTE: Looking for debt consolidation loans? Foe - Opponents will counter that the credit card issuers are allowed too much leeway to aggressively market. The 20-25 day grace period where no finance charges accrue does not apply when you don't pay in full each month. A lot of people take equity out of the home, pay off the credit cards and that makes great sense. Paying your card balance in full before the grace period ends prevents finance charges from being added to your account. Without a free period, the card issuer may impose a finance charge from the date you use your card or from the date each transaction is posted to your account. How long does the introductory rate last? You may also be subject to finance charges of over 18%. The response rate of these mailings, also known as “pre-approval” mailings, is abysmal. Issuers sometimes use various methods to calculate your balance that make use of your last two month’s account activity. It is usually not expensive to get a cash advance on a credit card, unless you are in another country. You don't have to anymore! Viale cautions consumers to research the details of anything they're considering buying on credit. Make sure it's not a promotion with flexible rates or payments that can rise. If only 80% of those responders actually open and use an account then that’s 4,800 new accounts. It isn't just about low interest rates, it's about using the range of perks and deals that credit card companies offer to your best advantage. It must include the Annual Percentage Rate, the monthly minimum payment formula, annual fee if applicable, and the cardholder's rights in billing disputes. Many credit card issuers will allow you to earn rewards for your devoted service. Remedy: Bank at separate institutions or avoid delinquencies. Getting a cash advance is not like charging cash. There are also too many offers targeted specifically to new credit users, typically students, who end up entering the workforce in severe debt and close to bankruptcy. Reward Cards - If you use credit cards often, or are planning on making a large purchase and would like to benefit from using a credit card, there are many credit cards that are now offering various rewards for their use. That's how easy we've made it for you to get a credit card. If a marketer promises that a card is accepted at certain retail chains, verify it with the stores.
Low Interest Rate Credit Cards Guide 

BROWSE BY CREDIT CARD TYPE:
All Credit Cards
Air Mile Credit Cards
Business Credit Cards
Cash Back Credit Cards
Charge Cards
Low Interest Credit Cards
No Annual Fee Credit Cards
Credit Cards with Rewards
Student Credit Cards


Credit Cards Guide:
How to Find the right Credit Card
Credit Card Facts You Need to Know
Lost or Stolen Credit Cards

Low Interest Rate Credit Cards

Sort by
Credit Cards		 Sort by
Intro APR		 Sort by
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Cash Advance APR		 Sort by
Grace Period		 Sort by
Annual Fee		 Notes
Advanta Platinum Business Card with Rewardsfixed 7.99fixed 7.9920 days$0Business Card
Cash Back
Travel Rewards
Discover Platinum Credit Cardfixed 0.00Through 1/2007variable 9.99variable 20.9925 days$0Cash Back
Miles Card from Discover Cardfixed 0.00Through 1/2007variable 9.99variable 20.9925 days$0Air Miles
Discover Titanium Cardfixed 0.00Through 1/2007variable 9.99variable 20.9925 days$0
Discover Platinum Gas Cardfixed 0.00Through 1/2007variable 9.99variable 20.9925 days$0Cash Back
Gift Rewards
Platinum Business Credit Card from OPENfixed 0.0012 monthsvariable 10.24variable 22.2425 days$0Business Card
Blue for Business Card from OPENfixed 0.0012 monthsvariable 10.24variable 22.2425 days$0Business Card
Business Cash Rebate Card from OPENfixed 0.006 monthsvariable 10.24variable 22.2425 days$0Business Card
Cash Back
Blue Cash from Business Credit Card from OPENfixed 0.006 monthsvariable 10.24variable 22.2425 days$0Business Card
Cash Back
Chase Platinum Credit Cardfixed 0.0012 monthsvariable 10.99variable 22.9920 days$0
Blue from American Expressfixed 0.0015 monthsvariable 11.24variable 22.2420 days$0Reward Program
IN NYC Card from American Expressfixed 0.006 monthsvariable 11.24variable 22.2420 days$0Reward Program
IN Chicago Card from American Expressfixed 0.006 monthsvariable 11.24variable 22.2420 days$0Reward Program
IN LA Card from American Expressfixed 0.006 monthsvariable 11.24variable 22.2420 days$0Reward Program
Value Miles Platinum Visa Credit Cardfixed 0.0012 monthsvariable 11.74variable 21.7420 days$0Air Miles
Blue Cash from American Expressfixed 0.006 monthsvariable 12.24variable 22.2420 days$0Cash Back
Advanta Platinum Business Cardfixed 0.0012 monthsvariable 12.49variable 12.4920 days$0Business Card
Sony Cardfixed 0.0012 monthsvariable 12.99variable 21.7420 days$0Sony Rewards
Starbucks Card Duetto Visafixed 0.006 monthsvariable 12.99variable 21.7420 days$0Starbucks Rewards
Volkswagen Platinum Visa Cardfixed 0.006 monthsvariable 12.99variable 21.7420 days$0Volkswagen Rewards
Chase Cash Plus Rewards Visa Cardfixed 0.0012 monthsvariable 12.99variable 22.0020 days$0Cash Back
Gift Rewards
Perfect Credit Card from Chasefixed 0.0012 monthsvariable 12.99variable 22.0020 days$0Cash Back
Chase Flexible Rewards Platinum Visa Cardfixed 0.0012 monthsvariable 12.99variable 22.0020 days$0Cash Back
Air Miles
Gift Rewards
Borders Waldenbooks Platinum Visa Credit Cardfixed 0.0012 monthsvariable 12.99variable 22.0020 days$0Borders Waldenbooks Rewards
Hess Visa Platinum Card from Chasefixed 0.006 monthsvariable 12.99variable 22.0020 days$0Hess Gas Rewards
Universal Entertainment Mastercardfixed 0.006 monthsvariable 12.99variable 22.0020 days$0Gift Rewards
Subaru Platinum Mastercard from Chasefixed 0.006 monthsvariable 12.99variable 22.0020 days$0Subaru Car Rewards
Toys R US Visa Card from Chasefixed 0.006 monthsvariable 12.99variable 22.0020 days$0Gift Rewards
Disney Visa Credit Cardfixed 0.006 monthsvariable 12.99variable 22.0020 days$0Disney Rewards
One from American Expressvariable 13.24-30 days$0Cash Back
Gift Certificates
Discover Student Credit Cardfixed 0.00Through 7/2006variable 15.74variable 22.9925 days$0Student Card
Cash Back
British Airways Visa Signature Cardfixed 4.905 monthsvariable 15.99variable 21.7420 days$75Air Miles
WorldPerks Visa Platinum Cardvariable 16.75variable 21.9925 days$55Air Miles
Citi mtvU Platinum Select Visa Card for College Studentsfixed 0.006 monthsvariable 16.99variable 22.2420 days$0Student Card
Gift Rewards
Citi Platinum Select Card for Studentsfixed 0.006 monthsvariable 16.99variable 22.2420 days$0Student Card
Marathon Platinum Matercard from Chasefixed 0.006 monthsvariable 16.99variable 22.9920 days$0Gas Rewards
Speedway SuperAmerica Platinum Mastercardfixed 0.006 monthsvariable 16.99variable 22.9920 days$0Gas Rewards
Chase Ultimate Rewards Express Student Cardfixed 0.006 monthsvariable 16.99variable 22.9920 days$0Student Card
Gift Rewards
Universal Entertainment Student Mastercardfixed 0.006 monthsvariable 16.99variable 22.9920 days$0Student Card
Gift Rewards
United Milesage Plus Visa Credit Cardvariable 16.99variable 21.4920 days$60Air Miles
Continental Airlines World Mastercard from Chasefixed 7.996 monthsvariable 16.99variable 22.9920 days$85Air Miles
Gold Delta SkyMiles Business Credit Card from OPENvariable 17.24variable 22.2420 days$0Business Card
Air Miles
Citi Drivers Edge Visa Cardfixed 0.006 monthsvariable 17.24variable 22.2420 days$0Student Card
Car Rewards
Citi Dividend Platinum Select Card for College Studentsfixed 0.006 monthsvariable 17.24variable 22.2420 days$0Student Card
Cash Back
Hilton HHonors Platinum Credit Cardfixed 2.906 monthsvariable 17.24variable 22.2420 days$0Hotel Rewards
Starwood Preferred Guest Credit Cardfixed 2.906 monthsvariable 17.24variable 22.2420 days$0Hotel Rewards
JetBlue Card from American Expressvariable 17.24variable 22.2420 days$40Air Miles
Gold Delta SkyMiles Credit Cardvariable 17.24variable 22.2420 days$85Air Miles


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