The Best and Worst Fixed Rate Credit Card on the Internet
A Credit Article Contributed by Augusta Wilson
What is a Fixed Rate Credit Card?
A fixed rate credit card is a card which has an interest rate, which either remains the same for the entire lifespan of the account, or for a shorter period. There are many benefits to having a fixed rate credit card. Firstof all, it will allow you to keep track of your monthly expenditure much more easily than with a checking account, especially if you have to track work related expenses.
Another advantage to using credit as a purchasing tool is the perks that are often associated with your card. Many credit card companies offer reward systems, to help bring in new applicants, and some even offer cash back incentives, to keep credit card customers loyal.
What are the Best Fixed Rate Credits Card Offers?
With so many different types of credit cards, how do you know which one is right for you? Here is a brief guide to the best fixed rate offers in the internet.
One of the best cards on offer is the CitiBank Platinum Visa Card. It has an interest free introductory period, and a low, fixed rate thereafter. You don't need a introductory income or cosigner to qualify and it offers 0% liability on unauthorized purchases.
Another great deal fixed rate card the Chase Universal Student Platinum Card. Geared towards students, successful applicants get a free movie ticket, and there is no annual membership fee. There is also 0% liability on unauthorized purchases.
The Chase Platinum card is another great fixed rate credit card deal. Like the Chase Universal card, this card also offers an interest free introductory rate, 0% liability, and a fixed, low interest rate after the grace period ends.
The Chase CashBuilder Credit Card also offers no annual fee, and 0% APR fixed rate on purchases for the first twelve months. You can also earn 2% cash back, if you maintain a balance of $500.00 or more,or receive 1% on balances less than $500.00. Better yet, card holders are eligible for up to $500,000 world-wide travel insurance, and free rental auto insurance.
Fixed Rate Credit Cards to Avoid
One of the worst fixed rate deals on the Internet is the First PREMIER Bank Gold Card. With a fixed rate of almost 10%, and no low introductory rate, it has an incredible annual fee of $120.00, and there are no reward incentives, like cash back on money charged, or even air miles.
Another deal you want to avoid is the USA Gold Card. It claims that you will receive a credit increase and access to credit management services, upon submitting a successful application. However, with an annual fee of over $200.00, it would definitely best to avoid this credit card offer!
Finally the Centennial Visa or MasterCard tempts unsuspecting applicants with the promise of the status of having an unsecured credit card, but its interest rate of over 19% sends up a few red flags. It's better to avoid this deal altogether.
Whatever your reason for wanting to get a fixed rate credit card, and regardless of your credit history, there is an offer that is just right for you.
