Low APR Credit Cards
Well, I know I’ve gotten some really good deals on some zero - 3% APR credit cards recently in the mail. Some of the credit card companies I’ve gotten them from are Chase, Bank of America and Capital One. I already have an active Chase card, as a matter of fact, that is the only card I even use any more.
My other cards I still have, but they have a zero balance on them (remember we talked about NOT cancelling your cards when you’ve paid them off, just keep them open with a zero balance - it’s better for your FICO credit score).
I’ve found that with Capital One, although they have all those funny TV commercials about getting “robbed” on your credit cards APR offers and monthly interest fees that kill you, seem to be one of the worst offenders when it comes to getting you in at a lower APR, then jacking you up for random reasons.
This happened to me and my boyfriend with Capital One actually. I’m not sure why, and I’m not sure if this is their regular practice, but we both had to pay them off and stop using them because the APR had become too high and the credit card was just not worth keeping open.
Why Choose a Low APR Credit Card?
The difference between credit cards with lower APR’s and other regular credit cards can mean hundreds, if not thousands of dollars in savings for you when it’s all said and done. Especially if you plan on using it for large purchases, or you keep the credit card open for a long period of time.
Lower APR credit cards really help any consumer out by giving them a little leeway to pay off balances with little penalty and little interest being built up, instead of an endless cycle of revolving debt that so many of us have found ourselves stuck in at one time or another (or currently). Shopping around for these lower rates is really going to be key to keeping your financial health - and sanity.
