Start Out with Credit Cards on the Right Footing – Get Low APR Credit Cards

For your first credit card, you should think about getting lowest APR credit card offers that apply for the whole lifetime of the card and not just for a brief introductory period. Specifically, make sure that the regular rates will be no higher than 19 % APR and should go as low as 7 % APR. Once having determined that to be true, you can sure that the product indeed one of the has lowest APRs for credit cards. The importance of reading the fine print in your credit card contract cannot be stressed enough. Your credit card – especially your first credit card – is a key that can open two doors for you. One door leads to financial ruin and the other, to financial freedom. So do not take the matter of making the right choice of lowest APR credit cards lightly

What do the best lowest APR credit cards have to offer?

The majority of the lowest APR credit cards have an introductory zero-interest-charges period wherein you can purchase things on loan without having to pay any interest. After this introductory period, the interest rates should fall between 7 % and 19 %. If you are a new user, you should not expect to be given the lowest interest rates. After all, you have no proof to show the lender that you are a responsible borrower who is reliable with your payments. The lender may give you the benefit of the doubt but he will only do that halfway, always careful not to compromise his own interest in his desire to help you. As a beginning credit card user, expect a lowest APR credit cards rate that is in the middle of the range. If on the other hand, you do not have a clean credit record, you have to anticipate your rate to be in the region of 19 % per annum. It is only those borrowers who have very good to excellent credit records who can hope to enjoy rates as low as 7 %. Since those interest rates are computed for the entire year, in one month, a 7 % annual rate will only compute to a fraction of 1 % which by any standards is indeed low.

Besides the rates, lowest APR credit cards are usually packed with rewards and bonuses in order to encourage you to use the card. The more you use the credit card, the bigger your bonuses and the more savings you can make to further offset the low interest rate. There are lowest Apr credit card offers for all types of credit cards. For instance you can find an air miles credit card which is also a lowest APR credit card. With this type of card you can earn air miles which can be exchanged for a free plane ticket if you have a sufficient number of them.

You may also have lowest APR credit cards that are also cash rewards credit cards. Specifically, you enjoy a quarterly rebate on selected items. These items will typically be low to medium-cost items that you can purchase in department stores. You also have a regular 1 % rebate on all other items that are too expensive to include in the quarterly-bonus list. From the rebates that you earn from expensive items alone, you can cancel out a great portion of your interest charges.