Discover the Best Credit Card Rates
Are you one of those people that really need a credit card, but you have no clue where to go?
Are you interested in getting the best credit card rates available to you? Are you concerned with comparing credit card companies so you can see who actually has the best credit card rates?
If you answered yes to any of these, let this be your guide to help you discover the best credit card rates.
There are many ways that you can learn about the rates offered by credit card companies. But the best and easiest way to compare credit card rates is to go online.
A particular website you might enjoy is at comparecc.com. This website has very detailed information available on different credit card companies.
Here you will find: the names of the credit card, the APR rate, the bonus awards programs offered by the card, what kind of credit you need to get the card, and the annual fee (if there is one).
Now we will go over some of the credit card companies on this website that offers the best credit card rates. The first one is American express.
This card offers low introductory credit card rates of about 3.99 percent. After one year, your regular APR rate will be 10.49 percent. You need to have very good credit in order to get this rate, however.
Next, we look at Citi Financial Mastercard. Citi Financial Mastercard offers great credit card rates. If your credit is excellent, you will have a 0 percent APR for the first 12 months!
This is also included for balance transfers. After the 12 months is up, your APR rate will go to 9.99 percent. Remember, this is only for those of you with excellent credit.
The last card we will look at is Discover card. Discover card offers varying credit card rates. They do have a 0 percent introductory APR that is offered for a time determined by your credit score.
After that, your APR will be 9.99 percent. This low rate is only available for those of you with good credit. Discover also offers a cash back bonus awards program to all of its customers.
For those of you with not such great credit, you can still apply for these cards and others. Just remember that credit card rates for
people with bad credit are often much higher than rates for people with good credit. Keep this in mind when you are searching for a credit card.
This is all of the advice you need for help discovering the best credit card rates. Be sure to take your time and to do some research.
There are a lot of options out there. With a bit of patience, you are sure to find the best credit card rates available to you!
Choosing The Right Credit Card For You
Credit Cards are a fixture in today’s life. People from all walks of life use them for almost any and every finacial transaction, from paying monthly bills to purchasing items off the shelf at groceries and convenience stores.
No matter where a person goes these days, excepting perhaps for the absolute remotest corners of the earth, credit cards have become as acceptable as money,
more so in some circumstances, because in foreign countries a credit card takes care of the usual bother of having a lot of travel funds converted into local currency.
But with so many different credit card providers out there, and each with their own sets of package deals that offer different credit card rates and advantages,
how do you go about choosing one that suits your personal needs? Here are a few simple things to keep in mind when selecting a credit card that will give you the best rates for your lifestlye.
Look at the TYPE of card you’ll need. While it may seem like a credit card is a credit card, in reality there are many different types of cards available,
just as in a bank there are many different types of accounts, each offering different features. Some of the more common types to choose from are as follows:
Student Credit Cards – As the name implies, these credit cards are designed to cater to the needs of students.
Since students generally operate with limited personal funding, the credit ceilings offered by these cards is set to keep purchases made by students within a reasonable level.
Also, the interest rates are set to lower levels, again because of the assumption that the people who use these cards wont have as much financial capability. They will generally be working part-time at best, so the rates these cards offer tend towards the reasonable.
The biggest drawback to a student credit card is the credit ceiling; this, however, isn’t such a drawback when you consider that the lower ceiling also allows the users to preserve their credit standing and not jeopardize themselves with overspending.
If applying for a student credit card, look for ones with reasonable interest rates balanced with a credit limit that will keep expenses within the budget.
Business Credit Cards – These cards are tailored to be used by people running a business. The main purpose of these cards is to be utilized in place of a business owner using his/her own personal credit card to help pay for the overhead costs of his/her business.
Business credit cards generally have larger credit ceilings than regular credit cards due to the expected expenditures involved in operating a business.
The rates for these cards, and the corresponding credit ceilings, are usually based on the financial status of the business entity for which the card is meant. When looking at these cards, keep in mind the projected fiscal ability of your business.
Get a business credit card that can cover your overhead costs, and make sure that the interest rates are also at a level that your projected income can cover.
Zero-interest Credit Cards – these are credit cards that have 0% interest initially. The name does not mean that the card permanently does not incur interest; rather, these cards have an introductory period, usually stretching between 6 months to a year, where no interest is incurred.
Regular rates are applied after the period is over, however, so it’s a good idea to look at the interest rates and available credit ceiling after the initial introductory period expires.
Low Interest Credit Cards – these credit cards generally have a lower interest rate than others; unlike zero-interest cards, which offer no interest rates for an introductory period then switch to regular rates afterwards, low interest credit cards maintain a lower interest rate on credits incurred throughout the lifetime of the card.
In the case of these cards, look at other factors when choosing one; there may be annual fees involved in maintaining the card, or lower credit limits, for example. Look into these when deciding on a low interest card to apply for.
Reward System Cards – these are credit cards which possess additional perks for useage. There are many types, including credit cards that offer airline mileage points, hotel credit rewards, gasoline points, and even cash reward credit cards.
When looking at one of these credit cards, the interest rates of the card should of course be taken into consideration, but the main point is to see if the interest rates are offset by the rewards offered. AS long as the rewards suit your lifestyle, these cards make for a good option.
These are just a few simple tips covering the different types of credit cards available on the market.
When choosing a credit card, finding the best credit rate isn’t just a matter of looking for low interest cards; find one that suits your lifestyle and needs, and the rest follows.
Getting The Lowest Interest Rate For Your Credit Card
Everyone needs credit these days and credit cards have become a part and parcel of everyone’s life. But man has woven a credit card debt trap around itself. To avoid this debt trap low rate credit cards have been introduced.
A low rate credit card is usually for those who hold a good credit history and have considerable repayment capacity.
For example the student credit card is generally not a low rate credit card. The travel cards issued by some of the reputed merchants like British Airways, NorthWest Airlines etc are cards that attract high interest charges.
If someone carries a large balance on a high interest credit card then transferring the balance to a low rate credit card can save some honest money.
Low rate credit card ensures paying off large outstanding on numerous cards at an attractive low interest rates. Some cards offer 0% APR on balance transfer and cash advances from six months to twelve months.
The rates involved in calculating the finance charges are usually the interest rates. Other charges include the late payment fee, over limit fee, rates applicable after the introductory period, etc. For those who carry a large balance on their cards opting for a low rate credit card can save thousands of dollars.
A low rate credit card also offers several other benefits like 5% cash back reward on select purchases from outlets like grocery stores, supermarkets or gas stations and 1% cash back reward on purchases from other outlets.
Citi® Diamond Preferred® Rewards Card, Citi® Dividend Platinum Select® Card, Chase Flexible Rewards® Platinum Visa® Card, Citi® Premier Pass Card,
Chase Cash Plus® Rewards Visa, Free Cash Rewards Platinum Visa® Card, etc are some of the credit cards that fall in a low rate credit card category.
A low rate credit card does not have any annual fee which is another form of cutting overhead costs on any credit card debt.
Many of these cards offer up to 1000 bonus points on first purchase. There after one bonus point is awarded to the card holder for every one dollar spent.
Some of these cards also offer checks or gift certificates from participating merchants when specified amount of bonus points are accumulated.
For example Free Cash Reward Platinum Visa Card offers a $25 check or an equivalent gift certificate from many leading national merchants after accumulation of 2500 points.
Usually it is wise to pay off a high interest rate card with a low rate credit card. But one should watch out for the traps of high transfer fees and short promotional low-term rates.
One should read the fine print. Usually the fine print on any low rate credit card states that if the card holder default the payment or makes any consecutive late payments then the existing interest rates dissolve and the usual high interest rates prevalent in the market are applicable.
Finally, the card holder should avoid maxing out a new low rate credit card, as this can cause the card holder’s credit score to dip.
Where To Find The Best Credit Card Rates
Credit card rates are the biggest factor in credit card debt. High rates make it harder to pay down the debt. Searching for the best credit card rates can be confusing and frustrating.
There are so many terms and catches that it can be very hard to figure out exactly what the rates are.
Figuring out the and finding the best credit card rates is very important to keeping debt in control and not ending up in financial trouble.
The way to find the best credit card rates is to shop around. Comparing credit cards is the only way to figure out what rates will benefit you the most.
The reason is that there are a few different things to look at, interest rates, fees and other charges. Some cards offer great interest rates, but the other fees and charges may more than make up for it. There are also cards that offer a low interest rate but it is only for a short period of time.
Some cards have set APR’s while other are variable. There are also annual fees and fees on transfers or cash advances. Think about how you plan to use the card and how you will pay off your charges. Use your spending habits to help you figure out which card will work best for your needs.
It is very important to read all the fine print and gather as much information as you can on each card before making a commitment.
There are some things you can do that can help you understand the rates and fees better.
One step to take is calling the customer service number and asking questions. The representative should be able to explain everything or direct you to someone who can. They may even be able to negotiate fees if you are looking at another card with lower charges.
Credit card companies are used to working for your business. You can also use programs online that compare cards and put the details together so you can see the similarities and differences in writing.
You should thoroughly investigate any credit card offer for hidden charges that could cost you more in the long run.
Finding the best rate on a credit card will take time. The effort it worth it, though, when you consider the money you will save.
It is important to look at a few different cards and see which one will benefit you the most. Consider everything from the way you will use the card to how much interest would accumulate in a year’s time if you reached the maximum credit limit.
Credit cards are an easy way to ruin your credit and fall into debt, but with reasonable rates you should have an easier time avoiding that trap.
What Are Credit Card Rates?
Credit card rates have always been an issue in applying for a credit card. These rates are what everyone should know before choosing a credit company from another. Shopping around for the best rates will give you the best deal.
For you to own a credit card, you should first know what are credit card rates? What is an APR? What are the different kinds of rates?
Credit card rates are used to measure the interest of your credit card. It is used to know how much you would pay if you hold a balance on your account, if you have a cash advance or loan, and if you transferred a balance from other credit cards.
The credit card rates are usually computed annually.
1) APR. The APR signifies the annual percentage rate of the interest. The APR is used by the bank to know how much would be charged on your bill for a yearly basis. There are two kinds of APRs:
* Fixed. This kind of APR is an interest rate which has been arranged by the bank. The fixed APR would not be changed unless the bank or the credit card owner would amend the contract of agreement. Majority of credit card accounts that has fixed rates does not change often.
* On-going. This kind of APR is a kind of interest rate that could change even after the signing of contracts and the grace period.
Note: Both the fixed and APR rates would depend on consistency of the bill payments, if you would request your APR to be changed either lower or higher and if certain government provisions was made regarding the annual rates of your credit card.
* Special APRs. These kinds of annual rates would depend on the contract you have signed. If your terms specify a penalty APR when you would not be able to pay for your bills, this kind of rates would apply.
2) Interest rate.
* Fixed. A fixed interest basically means that your rate cannot be changed unless the bank informs you that there have been some changes in the policies.
* Variable. A variable interest rate changes automatically whenever the basic rate of the bank increases or decreases.
Note: Both the fixed and the variable rates could be changed by the bank anytime. This means that any bank could alter the terms and conditions of your credit account for a fifteen-day notice.
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