Low Interest Credit Cards 

Credit card or plastic money as it is commonly called is becoming increasingly popular today. A huge number of people are taking advantage of the interest rates on the credit cards. However, only a small percentage of users make their credit card payments regularly every month. The balance that is carried forward to the next month attracts more interest (a process called compounding) and at the end of the tenure the consumer ends up accruing a huge amount of debt. Nevertheless, in spite of this relative explosion in the use of credit card interest, very few customers have actually educated themselves as to whether the credit card plan that they are opting for is suitable for them or not.

The cost of keeping a credit card that has very high interest rates is simple and obvious – the balance multiplies in leaps and bounds making it more difficult for you to manage your accounts. So, however lucrative the credit card deal looks to you, remember that millions of consumers all across the globe are getting into this credit card trap everyday. Whether it is the hyper consumerist economy or the failure of our education system that is unable to teach the youngsters the value of long term saving, the result is the same – a negative saving rate that is forcing the consumers to get into a bigger debt cycle that is unbreakable. One of the solutions to get out of this problem is opting for a low interest credit card. There are professional advisers who can provide assistance to customers in calculating their APRs and choosing a card that is best suited for their needs.

Those customers who are looking for good deals in low APR credit cards or 0% APR credit cards, it is recommended that you should start your search by comparing the rate of interests on the various cards that are available in today’s market. If there is a possibility that you will be carrying your balance forward, choose one of the 0% APR credit cards; though the introductory rate on most of these cards are for a short time (between 6 to 12 months), there are definitely a great way to save money immediately. Listed below are some of the best low interest card deals (according to me of course!) which I think should be the ideal choice for those who want to save thousands of dollars by selecting competitively low interest plastic money.

Discover Platinum Card – using a Discover Platinum Card allows the user to get a cash rebate of 1% on all the purchases made on the card. Moreover, the rebate will be worth two times its value from participating merchants who have availed the “Cash Back Bonus” award program. This card also comes with all the usual Platinum Card features like travel accident insurance, auto rental insurance and various security and fraud protection services. Discover Platinum Card also has features like no annual fee and a 0% introductory rate on all balance transfers for the first year of the membership. The regular ongoing APR is also fairly low compared to all the other cash back and low interest credit cards. However, it must be kept in mind that only better qualifying applicants will receive the best lowest rates.

Blue from American Express – this card is designed for those who have an established credit history and are looking for benefits of a low interest credit card along with the other reward features. The low interest characteristics of this card include a fairly low ongoing rate of interest on all the purchases making it perfect for the users who plan to carry an occasional monthly balance. The other features include 0% introductory APR for the first 15 months on all purchases and a very low introductory rate on balance transfers that is applicable until the full loan is closed off (which is one of the unique features of this card)

Chase Platinum Visa – this is considered to be one of the best Chase cards because of its versatility – it has several low interest card features, an outstanding rewards option and extended balance transfer. These unique qualities make this card a must for those who are really interested in a card that a combination of low APR and other great features. To qualify for this card, it is mandatory to have a good credit history (like the others); there is an extended 0% introductory APR that is valid on purchases as well as balance transfers for a period of 12 months. This card also does not have an annual fee.