Tips to Find the Best Low Interest Credit Card

When you have a lot of credit with high interest debt, you immediately want to be able to break away from the debt burden. The bill payment increasingly heavy. You want to immediately get a low interest credit card.

Of course, the best low interest credit cards is credit card with 0 interest. With the new credit card, you will not bear interest. You only have to pay the principal debt.

If with the credit card before you have to pay interest of 17 percent, of course with a new credit card, you can save lots of money. The savings could reach hundreds of dollars per year. If you have a large outstanding balance, the savings could be even greater.

But how to choose the best low interest credit card?

This requires a lot of consideration. That is, a lot of factors to consider before you apply for the low credit cards interest rates. Consideration not only of interest 0 percent as often promoted in the ad.

The interest free credit cards are good and very profitable. But it is only applicable for a limited time. Not for good. For example, for 6 months, 9 months, 12 months, and so on. These are usually named as the introductory or promotional period.

After the introductory period is complete, you will be charged the regular rate is usually very high. The regular interest usually use the variable system. It means that the interest should rise according to your credit score. If your credit score is high, such as excellent credit, you'll get the lowest interest rate.

The regular rates are not the same for each bank. There is a 10.99% - 19.99%, 10.99% - 20.99%, 11.99% - 21.99%, and so on. If your credit score is excellent, you can get the lowest interest rate according to the rules of your chosen bank.

If your balance is large, you should choose a long introductory period as 18 months. The goal is that you have a great opportunity to pay off all your debts.

Meanwhile, for variable interest rate, you should choose the lowest. Of course this is not easy because you need to compare at least 5 or 6 cards. Compare the low interest credit cards and choose which one is most profitable.