ArticlesReader.com Menu
Newest Articles
Most Viewed Articles
ArticlesReader.com RSS
Submit Article
Login
Signup
Search the articles

Articles Main Categories
Advice
Animals
Automobiles
Business
Career
Communications
Computer Programming
Computers
Entertainment
Environment
Family
Fashion
Finance
Food
Health & Medical
Home & Garden
Humor
Internet Business
Internet Marketing
Legal
Leisure & Recreation
Marketing
Other
Politics
Reference & Education
Religion
Self Improvement
Sports
Technology & Science
Travel
Writing
Subscribe
Receive alert message from us when new articles submitted to our site for free.

Enter your name

Enter your email

Syndicate

















Related Products
Home::Credit

Low Interest Rate Credit Cards – Understanding The APR

Author : Carrie Reeder
When shopping for a credit card, it is important to understand the annual percentage rate (APR) to find the best deal for your situation. If you pay off your bill every month, a no fee and moderate APR plan may be best. However, if you take out cash advances, you will want a low APR on that feature.



Various APRs



Each credit card has several different APRs. At the minimum they will have a rate for purchases, cash advances, and transfers. Typically, cash advances will carry a higher rate than for purchases or transfers. Transfers usually carry low rates. Sometimes you can even find an APR of 0% for an introductory period.



To entice you to open an account, credit card companies offer introductory and delayed APRs. An introductory rate lasts for a certain period, usually six months to a year. Delayed APRs charge no interest until a certain month.



Some cards also offer tiered rates, which keeps rates low for those that carry a small balance. For example, a card might offer 15% on balances between $1 - $1000 and 18% on balances over $1000.



Credit card companies also have penalty APRs. These apply when a payment is late, as outlined by the card’s terms.



Fixed Versus Variable APRs



A fixed rate APR doesn’t change. Usually these types of cards have an annual fee with them. But they usually offer lower rates with some security, making them attractive to those who carry large balances. It is important to remember that even fixed rates can change, but the credit card company has to give you notice.



A variable rate APR flexes with the index they are tied to, typically the prime or T-bill rate. Variable rate APRs are not the same as an introductory or delayed APR.



Picking The Right Card



Research all the APRs when you are looking for a good credit card. Know your credit habits, and pick the card with the rates that will give you the best deal.



You can even open multiple accounts, using them for different credit purposes. For example, you can use one card for cash advances but another for purchases.


Article Source: http://www.articledashboard.com





See my recommended
Credit Card Lenders online.
Carrie Reeder is the owner of ABC Loan Guide, an informational website about various types of loans.





Spam emails More free articles

Related articles


  1. How Do I Establish A Good Line of Credit?
  2. A Debt Mentality
  3. Are You Worried About Credit Card Debt
  4. Say Cheese
  5. Better the Devil You Know
  6. Paying your credit card on time
  7. Did Your Credit Score Today?
  8. Free Credit Reports: Get Yours Today!
  9. Your Consumer Rights
  10. Building Good Business Credit After Bad Credit
  11. Online, Phone, U.S. Mail or In-Person: Where is Your Credit Card and Personal Identify Safest?
  12. How To Boost Your Credit Score
  13. Balance Transfers Can Help You Stop Putting Money Down The Drain!
  14. Shoppers Beware - 'Tis The Season
  15. New Law Provides Free Annual Credit Report
  16. Everything You Always Wanted To Know About Your Credit Report
  17. Tired Of Being Broke?...Learn How To Force Banks To Give You Money!
  18. Ways to Look Good without Selling Your Soul to the Credit Card Sharks
  19. Credit Report And Correction Techniques
  20. Ten Steps To Building A Good Credit History
  21. First Major Regulatory and Legislative Victory of 2005 for Creditors and Consumers
  22. When You Are Eligible For A Free Credit Report
  23. 10 Ways To Protect Your Financial Identity Being Used For Someone Elses Shopping Spree
  24. Credit Cards, Merchant Accounts, and Your Bottomline
  25. Fun with Credit Cards
More related feeds
What is the Average Interest Rate of a Gas Card?
On average, credit card companies offer between 6% to 12% interest in the APR. This doesn’t include promotional or one time offers of zero or low APR. Remember, the average annual rate is divided into twelve as simple interest. ...

Credit Cards Reestablishing Credit
Certainly it is to join as credit partner, at com provides services and information and you can save yourself of you can use the table in you will pay $200. It will be at high interest rates of poor credit need to improve their credit ...

How to Find and Avoid Endless Bank Fees
Banks provide a valuable service above and beyond just our basic banking accounts, credit cards with low APR rates, and our economy would not be able to function correctly without them. This doesn't mean we need to blindly give them ...

I want to increse my credit score by 100 points
So technically aa perfect 850 borrower could have an interest rate of simply prime + 0%, but that typically doesn't happen. “prime” is also called prime rate. My APR on this credit card b/c of my bodacious creditworthiness is ...

Understanding Low Interest Credit Cards
Basically, APR is the cost of credit as a yearly interest rate. APR stands for “Annual Percentage Rate†of charge can be used to compare different credit and loan offers. The APR on credit cards is usually calculated monthly based on ...

Credit Cards With Low Interest Rates For Poor Credit
A run donquott have sometimes experian eight you card and home save with and get and divorce equity debt for that choose to program whereafter cash with whole new online fleet low interest rate credit card application will bills than ...

Apply Online For A Mbna Low Interest Rate Credit Card
Balance transfers with low annual percentage rates are often provided as an incentive to apply for a credit card but you should pay attention to the APR after the balance period is over. Zero percent interest rates are not uncommon on ...

Apply For A Unsecured Low Interest Rate Credit Card Services
The credit card has many names but the most popular is plastic money. Impatience and the must-have-it-now attitude pervade society today and the credit card and easy credit are the main culprits. Credit card applications are at an all ...

Apply Online Personal Low Interest Credit Card Deal
Many people apply for a credit card merely to take advantage of favorable interest rates on balance transfers; this is normally referred to as the APR. The APR is the method used to calculate how much interest is being paid on ...

Understanding 0 APR Credit Cards
Paying off debt: Transferring your credit card balance that needs to be paid off to a new credit card with 0% APR would be a better money- saving solution, than holding on to the old card with a high rate of interest. ...

 


 

2007 articlesreader.com - All Rights Reserved