Low Apr Credit Cards

APR or annual percentage rate is the combination of low interest rates and finance charges on a credit card. Usually, low interest credit cards offer low APR on purchases made by the customer, with the card. Most of the credit card companies offer benefits that include special cash back incentive programs and airline miles rewards programs.

These cards generally tend to have a higher interest rate than cards that do not offer any programs. A customer can get a rewards credit card with an affordable interest rate. There are cards that offer 0%, low interest and high interest annual percentage cards. It depends on the customer to decide which card suits him the best.

If a person keeps credit pending over a long period of time, then it is best to opt for a low interest annual percentage rate credit card. The zero percent on annual percentage rate credit cards is generally for a short time, during the introductory phase. Low interest rates should not be the only criteria for claiming a credit card to be a good one. There are various features that the customer should take into account before selecting any one credit card. This eventually rests on the card owner's personal financial status and his preferred paying pattern.

Think for a moment, what happens when you can make purchases with a 0 APR credit card, You are apt to make more purchases and the merchants still will make a profit on the merchandise they sell. The owner of the credit cards, usually banks, have been bailed out from the government and until the economy makes a full turnaround, why not let consumers bring themselves out of the recession,

This is not rocket science, the economy is in need of something a bit out of the norm to turn it around to a long term positive position. I know that if we as consumers refuse to accept higher interest rate credit cards and insist they make us offers of 0 APR credit card deals, we can all recover and get back to a profitable life style.

The balance of older existing accounts that have endured the recession, can still provide a steady and profitable income base for the banks and credit card lenders, while this idea of 0 interest can be allowed to play out. Otherwise, we will more than likely, see a whiplash effect, where as consumers will see interest rates go higher then fall back with casualties again.

Our financial economy is all about the constant exchange of goods and services at acceptable levels of interest rates among consumers and merchants. When the interest rates and APR become unbalanced there has to be a time for a correction in the market. What better way to do this without serious losses to all business aspects when you offer 0 interest and 0 APR deals, Even if you offer short-term 0 interest credit card deals, you stimulate consumers to accept these 0 APR terms and business moves forward.

When you’re looking to pay down debt, one of the best things you can do is transfer your balance from a high-interest credit card to one that offers a temporary (the longer, the better) 0 percent introductory offer. This allows you to pay down your debt without tacking on additional interest fees. Additionally, you can look for cards that have no balance transfer fees or that offer 0 percent on purchases for a period of time. The combinations and possibilities are endless, which is why we’ve compiled this summary of the best 0 percent balance transfer cards on the market.

We’ve split this up into a few different sections to make it easier for you to find what you need. The Fed met recently and many experts are predicting a rate hike in the near future. With that looming over our heads, now is a good time to lock in a 0% interest rate and begin paying down your credit card debt. As always, remember that no two financial situations are exactly the same. So make sure to crunch all the numbers before deciding which 0 percent balance transfer card makes sense for you.

NOTE: Be aware that all credit card review sites are not created equal. Click here to see why we believe we are the most objective in the field. Chase Slate is the holy grail of zero percent balance transfer credit cards. Offered by a prominent national institution with services and support to match, the complete lack of fees (most transfer offers charge a 3% fee) makes Chase Slate really stand out among the best balance transfer credit cards.

0 balance transfer fee. For those needing a slightly longer time period to pay back their debt, the Discover It Card comes with a 0 percent APR on balance transfers for 18 months and 0% on purchases for 6 months. Another offer is available online where purchases and balance transfers are 0% for 12 months. There is a 3 percent balance transfer fee.

After the promotional period, the interest rate is a variable rate between 11.24% and 23.24%. Balances must be transferred by November 10, 2016 to qualify for the promotional rate. This card works particularly well if you need a longer time frame to pay off your debt. It offers an incredible 0% APR for 21 months on balance transfers and on purchases. Although it has a 3% balance transfer fee, the additional time to pay off your debt could help you more than offset the transfer fee.