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Low APR credit cards are much more prevalent than in years
past. Competition is stiff and credit card financial
institutions offer many nice perks, rewards, points, low
annual percentage rates (APR) and other inducements. They
want to capture new customers who've never had a credit
card but also those who already have a credit card and
might like to save money by transferring that card's
balance on to their new low APR credit cards.
Of course, there is nothing lower in an APR than zero -
and those exist too, although sometimes for a limited time
period. It may be that the lowest, or even the zero
percentage APR is for an introductory period, after which
the rate is higher. The permanent APR is what you want to
watch out for, of course. Although if you're not opposed
to doing a lot of switching, you can always purchase a low
APR credit card, or zero percentage APR credit card,
transfer the balance from your current high APR credit
card, and then, once the introductory time period has
expired and the APR is about to go up on your newest
credit card, transfer the balance yet again to a brand new
low APR credit card.
Let's look at a few of the low APR credit cards out
there, so you know what kinds of options are typically
available to you.
Citibank, for example, offers low APR credit cards that
give you five percent cash back on any purchase you making
at grocery stores and gas stations with your low APR
credit card, and one percent back for any purchase
elsewhere. The APR on transfers is zero for the first
year. If your transfer transaction is at least $1500 you
will earn $5 cash back with the low APR credit card. There
is no annual fee and the APR after the first year is 12.24
percent.
Discover has a platinum clear card whose low APR is
continual. The first year the APR is zero, but after the
first year it's still a very competitive 9.99 percent. And
there is no annual fee. With these low APR credit cards
you earn a five percent cash back bonus on purchases made
from hardware and home improvement retailers, restaurants,
book vendors, and gas stations. If the retailer doesn't
qualify you for the five percent discount you will always
get one percent back no matter what you buy and from where
with this low APR credit card.
Chase Bank offers low APR credit cards as well. Its
zero percent APR is good for six months, after which you
will pay 10.49 percent. These low APR credit cards have no
annual fee, and offer rewards at the rate of one point for
every dollar spent with your Chase card. You can get free
airline flights and hotel rooms, as well as cruises and
auto rentals. This card also provides $500,000 worth of
travel insurance for worldwide vacationing. You can also
take advantage of a fifteen percent discount off a Hertz
car rental with these low APR credit cards |
