Compare Low Interest Credit Cards

When selecting a Credit card the first thing to look for the interest offered by the credit card companies and banks. Don’t miss the fine print as that is where the most important information is usually given. It is generally a wise decision to go with a credit card that has a low interest rate. It is generally a wise decision to go with a credit card that has a low interest rate. A low interest rate would almost always mean that using the credit wouldn’t eat up your savings.

One of the strategies of many banks and credit card companies to attract members is to offer an introductory low interest rate then hike up the rate after a certain period. It is therefore advisable to inquire how long the initial low interest rate would last. The fees asked by banks for transfers are actually interest rates in disguise. Which is equivalent to a low interest rate is charged from you when transferring or you could end paying much more than you actually have to for clearing your debt. One thing you could do is pay for balance transfers through pre printed checks.

Your best option is to transfer balances to over the phone by calling up the customer service line of the bank or company. It is important for you to know that incentives such as short term low interest rate will eventually rise even without due warning from your bank or credit card company. You could always ask the bank or company to give you a low interest rate provided that you have a decent credit history with the company or bank.