Home » Finance » Credit

Fundamentals Of A Low APR Credit Card

Aug 18, 2007
If a credit card is used in the right way it is a most usefull financial tool. The problem is that many don't have the income to be able to afford the burden of high interest rates that come with most offers.

A good solution for those with less disposable income is the low apr credit card. They also work well for anyone who plans on carrying a balance every month.

For those who are not familiar with the term apr means annual percentage rate. It is the percentage you pay yearly on your card. It is converted to a monthly percentage to figure the amount of interest you pay on your balances every month.

An easy way to figure your monthly rate is to take the annual percentage rate and divide it by twelve. Each credit card company must give the customer the apr they will be paying. Each credit card company will have its own terms and conditions.

Because of this it is important for consumers to shop around for the best offer. A consideration one must take into consideration when choosing and offer is some have fixed interest rates while others have variable ones.

Why should you use a credit card with a low apr? The answer to that is that it helps those with a smaller budget. In addition it frees up cash that can be used to pay bills or other needs.

Anyone interested in getting a card is faced with a large number of options to choose from. Most all of these can be found online with each of their benefits listed for the consumer.

Here are some questions one should ask when they are looking for a low interest credit card.

1. It it a variable or fixed rate offer? If it is variable you can expect your monthly payments to fluctuate.

2. What if any other charges or fees does it come with?

3. What are the terms and conditions of the issuing company?

Some companies will also have offers where there is 0 percent interest for a certain period of time. After that time has expired the consumer then has an increased rate. Other offers will have no annual fees.

Those with high balances on their other cards can take advantage of the low apr credit card offers and save money by transferring their balances from their high interest accounts.

Finally these kinds of credit cards can be used to build up your credit score which will help with funding college, purchasing a home and even finding good employment.

Two things you should do before applying though is to assess whether your finances will be able to handle the payments and also find the best deal for your needs.
About the Author
Aaron Ballantyne has a website where you can find offers for low apr credit cards.
Rating:
Please Rate:
(Average: Not rated)
Views: 143
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources