Low Interest Rate Credit Cards

Low interest credit cards are available for those people and businesses with good enough credit to qualify for one. They are attainable if you know where to look. Visit creditcards8.com to compare credit cards by their interest rate online.

The differences in what credit card companies are charging for interest rates are alarming. Low interest credit cards are generally considered to be fewer than 10% interest rate. High interest credit cards can soar to over 30% in some cases. You need to be well informed of just how many credit card opportunities are available to you before making a selection.

Keeping the low interest rate over the lifetime of your account is easy if you play by the credit card company's rules. All payments must be paid on time. No late payments will be tolerated by the credit card company. They will take away that low interest credit card and turn it into a default rate interest. This is usually the highest possible interest rate that they can charge you by law, around 30%. Yes thats right 30% is the average default rate. Credit card companies can do this even if the payment that you make late isn't made to them. It can be any other bill that you have paid late on. If it is reported to the credit bureaus, chances are, your credit card company will find out about it and send you a notice of change in terms or something similar.

Finding a low interest credit card that you qualify for will benefit you in many ways. Most credit cards come with a very low to 0% introductory rate for balance transfers. This can potentially save you thousands of dollars over the life of your introductory period. If you transfer a balance from a credit card that has a high interest rate, the amount you pay will come directly off of the balance and no additional interest will be charged during the introductory period. You may even be able to pay off your debt completely with a low interest credit card that has a 0% introductory period. Divide the amount that you transferred by the number of months they allow for the introductory period . This will be the dollar amount it will take for each monthly payment to have it completely paid in full when your introductory period is over.

If you need a low interest credit card because you are thinking of making a big purchase that you want to pay off over a period of time, consider finding a card with an introductory rate on purchases made within a certain time frame. You might even get lucky and find a 0% on purchases. This lets you buy the item now and pay for it with no interest at all. They allow you to borrow money for free under certain conditions.

Make sure to visit creditcards8.com to compare low interest credit cards by their introductory rate, plus there are many other ways to compare credit cards. After you find the one that fits your needs, you can even apply online at creditcards8.com to make your experience a little easier.

This article is courtesy of CreditCards8.com, where you can compare hundreds of
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My capital one credit card bill came in the mail after my due date. What should i do?

what if this was a one time thing? i paid my bill in full but im worried since it's my first credit card bill that i am off to a bad start. i am normally a perfectionist and pay everything on time. could this affect my credit score if it's the only time it will happen?

Answer
the advice of 'call them' is absolutely right - they should be pretty flexible. on another note, i have capital one and would advise you to use their online account system - you can set up e-mail notifications and check your statements whenever you want and pay online - avoiding all the mail issues. you can also stop paper statements and do 'electronic delivery only' - which i would advise for just about any bill you have since it makes life so much easier and eliminates the risk of someone stealing your mail and perpetrating identity theft.