|
If you are looking for a credit card with a low rate, the rate you get will depend on your credit. Having said that, here is a list of credit cards with the lowest rates. We arbitrarily listed those that had an apr of prime rate plus 3.99% or lower
(otherwise the list will never end). We also highlight the one with the lowest rate at the moment.
Recommended Low Interest Credit Card
The Discover® More(SM) Card also has a very low apr for consumers who have good credit. You can get a rate as low as 11.99%*. In fact, the rate you will get will range between 11.99%* and 18.99%*. The one advantage Discover has over most other low rate cards is that they give you a 25 days of grace period versus 20 days for most other cards, including the ones we highlight below. Aside from having good rates, you'll also be getting a 0% APR* deal for both purchases and balance transfers for 6 months*. Furthermore, the card also allows you to earn cash rebates, has the most gift card merchant partners of any credit card and also allows you to earn up to 20% cash rebates when you use the card to buy things through shopdiscover.com.
The Citi® Platinum Select® MasterCard® allows you to get one of the lowest rates around if your credit is good enough. The APR is as low as 11.99% (variable rate). Furthermore, you get 0% APR deal for both balance transfers and purchases for up to 9 months. If you shop online a lot, this card has a unique feature whereby you are given a separately generated credit card number just for online use. This is another step to preventing fraud online.
You might also be interested in the following articles
How the 2-cycle average daily balance method affects your finance charges?
Find out how the various methods of computing monthly balances can affect your finance charges. Depending on your spending habits or whether you are in the process of reducing your credit card debt, understanding this will help you choose the right credit card.
What is your real effective interest rate on your credit card?
Most do not realize that the apr is not the true interest rate you are paying on your loans or credit card balances. The real effective rate depends on whether one's credit card uses the "monthly periodic rate" or the "daily periodic rate" to calculate finance charges. Find out how this work.
|
