If you've been thinking of applying
for a low interest credit card, you
have to realize that not everyone is easily approved.
These offers are best for individuals with good to
excellent credit. These credit cards do have introductory
offers such as 0% balance transfer rates and also
0% purchase rates, however all have a long term
low interest rate.
There are other factors that are important
when considering this type of credit card, most notably
being if there is an annual fee applicable. The annual
fee will increase your cost of borrowing,
the rate with which this increases will depend on
your actual credit card balance. This should be taken
into account before applying for this type of credit
card.
However, other factors, including 0%
balance transfers and 0% purchases, have a positive
effect on your credit card APR and if used properly
can help cut your borrowing rate, but only
for the introductory period!
|
