Finding the Lowest APR Credit Card

Today’s society is very much centred around credit. The latter is used by many businesses and individuals and functions with markets across the world. In truth, commerce could difficultly function anymore without credit. Applying for a credit card has never been easier. It seems that almost anyone can be approved for a credit card, but how do you know what to look for? How do you determine where to find the lowest APR Credit Card? Informing yourself about credit cards and how they operate can help you towards navigating through credit process and finding some of the best adapted terms to suit your demands.

Many credit cards will offer teaser or introductory terms when you apply. These are generally used when the bank card will have terms that will only apply to the beginning of the card’s life, sometimes up to a year. Some common teaser terms include low or zero percent interest. Although these can at times be a valuable tool, you must note that they are not always the lowest APR credit card in the long run. Cards that offer very engaging teaser terms often count on the customer not reading the small print and many tend to charge much higher rates than normal after the introductory terms might have expired. Always read the fine print so that you can be well aware of exactly what you are agreeing to. If you have a definite plan in place for clearing the balance before the terms are up, this tool could be very useful. However, if you let your finances get away from now, especially if you happen to be a student, the increased rates could very much prove Mastercard to not be a good choice for your situation.

Credit cards almost always come with a grace period. This is the amount of time where the card holder can pay off the new balance without incurring any interest. Finding the right card for you will be another big point for you to consider. Even among the lowest APR credit card terms, the grace period might sometimes tend to vary quite a bit. In the past, it was quite customary for cards to feature a full thirty day grace period, but as the credit markets have tightened, the grace periods tend to have equally reduced. Many people just do not pay attention to the terms of their cards, but each credit card offer should have these terms clearly displayed, along with finance charges and interest rates. Knowing your card’s grace period and organizing your bill paying around the terms can save you a lot of money. Additionally, by following the terms, you will be able to make sure that you still qualify for any perks that will be associated with your card, including the possibility for cash back.

The last major element to consider will be the finance charges which will be related with your card. All cards charge for late and missed payments and even the lowest APR credit card may increase your favourable rate after just one month of default. Extended late or missed payments can result in a considerable increase in fees and interest rates. Nevertheless, if you have a positive credit history with a company, it can sometimes be possible to reduce or eliminate late fees, especially if caused by a one time event such as an emergency or mailing problem. If the company can see that you normally pay on time, they might then be more interested to work with you.

By remaining aware of just a few common things, it will be easy to figure out what the terms of a credit card offer are. Each piece of the puzzle will progressively come together in order to create a final product that will be able to work positively in your favour. By knowing what you need and how you plan to use your credit card, you can insure that you receive the best terms adapted to your needs.


George Bryan is a contributing editor at This article may be reproduced provided that its complete content, links and author byline are kept intact and unchanged. No additional links permitted. Hyperlinks and/or URLs must remain both human clickable and search engine spiderable.


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Credit Cards & Reward Cards

No matter where you look, there will always be a credit card company available which will manage to offer you some reward or compensation programs along with their credit cards. New promotions and offers crop up all the time, which sometimes even seem too good to turn down. Even though these offers might at times sound great, you might nonetheless wonder if these rewards are truly worth your while. In some cases you might find that these deals are quite profitable, although in some other cases these might not seem quite as good as you would’ve first imagined.

Although gathering more than one reward card is something many people often tend to think about, you should always bear in mind that not all of them are worth having. Using your credit card is always good and practical, but you can also sometimes end up paying excessive amounts if you don’t pay careful attention to what you have been buying. When it comes down to credit card reward cards, you should always use sufficient caution – with a spot of common sense.

Indeed, any reward card that comes along with high interest rates should always be avoided or used with caution. With a majority of reward cards, you’ll more usually find that they include higher rates of interest than with other ordinary cards. This higher interest rate can hence very quickly and easily offset any type of reward. Therefore, in order to be on the safe side, you should always carefully consider all the interest rates and determine if the reward might indeed be worthwhile. If you choose to pay off your entire balance at the end of each month – then this might not be of any concern at all to you.

You should also try to always keep your eyes on the lookout for reward cards that will be able to offer you a high annual fee. These cards can sometimes be very difficult to properly manage, and they can also at times interfere with any kind of reward you might think you would like to obtain. To avoid any future problems, you should always try to look at the fine print of the card’s terms and conditions before you get to choose your reward credit card.

Cash back method is a kind of reward card that is today becoming increasingly popular, as a lot of the top credit card companies and banks often offer cash back programs that are normally calculated at approximately 1% for every purchase that you choose to make. Therefore, before you rush out to get a reward card, you should first always try to make sure that you read the fine print first and try to see if there is a maximum limit available on the card.

Another kind of very popular reward credit card is the kind that will provide you with points for each purchase you will make through the use of the card. Once you will have accumulated a sufficient amount of points, you will be able to redeem them for certain items along with many other appealing things. Some cards might have limits according to the distribution of points, which will again make it your best interest to shop around and make use of it.

There are also many credit cards that will offer frequent flyer miles, which have been available for people’s benefit for a long time. Certain cards might base their rewards exclusively on the points, whereas some others might choose to make use of the actual miles. In these circumstances, for each dollar that you spend through the use of your frequent flyer credit card, you will be able to receive either a point or a mile, and, once you get enough points accumulated, you will be able to quickly redeem them. Most frequent flyer rewards require approximately 25,000 points or miles in order to redeem them, which can make it nearly impossible for some people to be able to reap the sufficient benefits related to the card use.

Wherever you might choose to look, finding the right credit reward card can often take a lot of time and effort. In some other cases, however, you might find no problems in finding the proper card to suit your needs, and if you do, you should always consider yourself lucky. Before you choose your card nonetheless – you should always take proper care and make sure you read all the fine print and then compare what each unique company will have available to offer you.


Elliott Dawson is a contributing editor at This article may be reproduced provided that its complete content, links and author byline are kept intact and unchanged. No additional links permitted. Hyperlinks and/or URLs must remain both human clickable and search engine spiderable.