Low Interest Rate Credit Cards: Fact or Fiction
| June 12, 2009 |
During a time when many Americans have seen their interest rates rise and credit limit decrease, there is one type of credit card that almost seems like a myth. That’s right, I am talking about credit cards that are tabbed as low interest. If asked, many people may tell you that they don’t exist or the interest rates will change after the first couple of months of making purchases with the card. The fact is that there are still low interest cards around, but due to the tightening of criteria and decreases in lending the cards are harder to obtain.
Even more so today, for most low interest rate credit cards you may need to have excellent credit. So if you are looking for a great credit card and meet the requirements; the options are plentiful and the rates are low. For example, take the credit card from Simmons First National Bank which could very well have one of the lowest APRs in the country.
When looking at a low interest rate credit card, one must remember that the rate itself could pertain to purchases, balance transfers, cash advances, or even all three. So please read the terms and conditions closely, as this can help determine if this is the right card for you.
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