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Finding the Best Low Interest Credit Cards
By Robert Alan
Low interest credit cards are often at the top of everyone's list when looking for a credit card. This is particularly true if you plan to carry a balance on your credit card for a period of time. But, how can you find the best low interest rate credit cards available? With a few easy steps, you will be able to find them without a problem.
Mailings
Some low interest rate credit cards send out mailings advertising their great rates. These mailings can be a good start in your search of the best cheap credit cards. Make sure to read the fine print, however, because many of these low interest credit cards are really only low interest for an introductory period, then the rates skyrocket. Read the information thoroughly to determine if the card will remain low or not.
Commercials
Radio and television commercials are also a source of information about low interest credit cards. Again, it is worth looking into these cards because you might be able to find a great deal. But, before applying, go to the lender's website and learn as much about the credit card as possible. You might find hidden fees or expenses that make the card one you should avoid.
Word of Mouth
Many people don't think to simply ask their friends and family if they have a low interest credit card. Asking them if they have a great credit card is not too personal, it is not as if you are asking them what their line of credit is or how much debt the are carrying on the card. People who have found a low interest rate credit card are often more than willing to brag about the great rate they found. Ask your friend to give you the name of the lender and the type of card he or she has. The type of card is important because most lenders have several different cards with varying interest rates, reward programs, and other benefits. You can even ask your friend for the 1-800 customer service number listed on the back of the card. You can call the number and speak to a representative to learn more and to learn how to apply for the card.
The Internet
Perhaps the best and easiest way to find low interest credit cards is to consult the Internet. There are number of websites on the Internet that offer information about a variety of credit cards. With most of these websites, the credit cards are divided into different categories. You can click on the category for low interest rate credit cards. After doing so, many credit cards with low interest rates will be listed. The beauty of using one of these sites is that they provide you with thorough, unbiased information about multiple cards. In this way, you can compare the interest rates of several credit cards, learn about introductory rates and long-term rates, find how the finance charges are determined, and research other benefits associated with the card.
Keep in mind, low interest credit cards do not necessarily need to be cheap credit cards. In other words, you shouldn't have to sacrifice quality in a credit card for a low interest rate. When at one of the credit card comparison Internet sites, be sure to look at the other benefits provided by the card. Once you have narrowed your choices down to the cards with the lowest interest rates, compare the benefits offered by the card (such as travel insurance, purchase protection, fraud protection, and extended warranty services) and choose the one that gives you the most perks at the lowest rate.
About the Author
For more information on finding the very best low interest credit cards, Robert Alan recommends that you visit http://www.creditcardassist.com/lowinterest/creditcards.html
Article Source: http://www.simplysearch4it.com/article/24738.html
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