Low Rate Credit Cards

With the higher rate cards typically in the range of 15% to 20% or higher, the savings for a low rate card can be much more substantial than rebates or rewards from other types of cards.

Low interest rate credit cards are among the best deals in the entire credit industry...as long as the rate stays low.

The truth is that most of these cards are just a short paragraph of fine print away from raising your rate sky high. With these cards, like all the others, it really pays to look at all of the different offers and read all of the fine print before you choose one.

With these low interest rate credit cards it is often the case that you can get the best deal by constantly rolling one card into a new one as the low rate period comes to an end. A word of caution here though, this type of account churn can actually have a negative impact on your credit rating.

If you are all about saving money rather than looking for other specific benefits, the best deals usually can be found either in one of these low interest rate credit cards, or in one of the cash back cards. Of course you need to read all of the fine print from both kinds of offers to see if it is really a good deal or not.

We have seen some of these offers for low rate credit cards look fine on the surface only to discover a brief paragraph in the fine print that says they are free to raise the rate at their discretion, even before the alleged low interest rate period expires. Obviously you don't want one of those cards.

Now that the disclaimers are out of the way, it's important to point out that saving a few percent on your credit card rate can add up to considerable savings over the course of a year. Compare that to a couple hundred dollars from a cash back card, and you might be ahead to have one of these low rate credit cards.

We recommend that you compare low rate credit cards against cash back cards