APR Credit CardLearn more about APR Credit Card

Are you one of the people who suffer from middle-of-the-road to very high interest rates when it comes to your credit cards? You may not know it but you may be one of them. Those who have a credit card that has high interest rates playing around 17% to 24% or higher, then you may not realize that it is costing you hundreds and even thousands of dollars every year in interest alone. You must understand your credit and learn how you can save thousands of dollars with low interest or 0% APR credit cards.
Collect your statements for all high and low interest credit cards. This may include your Visa, MasterCard, American Express, Discover, department stores, retailers, grocers and any other revolving accounts. For each bill, make a record of the total balance, minimum payment amount and interest rate.  You may also consider including your estimated monthly payment (if it’s more or less than the minimum) and the monthly finance charge.
Now compare all the cards. In this case you will be able to know which ones are costing you the most money.  You will end up paying more in interest in the long run if you pay a higher APR and higher the balance.  If you only pay small amounts of what you owe, you can go on paying for over 20 years.  In this scene, you can see the benefit of having a low interest credit card.
You need to categorize your cards from highest to lowest once you’ve figured out which are the low interest credit cards and which are high. Based on the estimated amount of interest you would pay for the entire year, try to reorder them all.  If you find out that you have a high rate card with a low balance, the overall interest may be less than a low interest credit card with a very high balance. Why do you need to do this? It’s because it will help you to focus on the cards that are taking the most of your hard earned money.
Many people do not know it but you can actually make a good negotiation with the bank. Companies would rather lower your interest rate than lose your business.  Before you cut up your plastic or send it through the paper cutter, call you current credit card company.  Tell them that you’ve been offered a better deal on a low interest credit card.  It will save you a lot of time and effort to close and open a new card if your credit card company will match that offer.
Some banks just won’t budge. You may have to do some digging to get a low interest credit card. Check online, talk to your local bank and sort through those direct mail offers. Ask your friends, family, co-workers and other acquaintances to learn about the cards they use. This means that you can shop around for 0% APR credit cards.
When it comes to transfers, lifetime low rate, frequent flyer miles, insurance benefits, etc. , you will really find credit cards that are too good to be true. Most of the time, the 0% interest rate offer will be only limited to a certain time frame. . Fixed rates may increase if you so much as miss a single payment and so on.  Don’t accept a low interest credit card until you are sure you understand all that is involved. Carefully read the fine print. It is the best way to understand everything.
Pay more than the minimum amounts and don’t get behind. Always maintain good credit rating. Stop throwing money down the drain. Just as fast as you were able to lower your APR, it could jump up to astounding numbers.
Finding the best low interest credit cards is a step by step process. Always choose wisely and think wisely.