Few things are as frustrating and expensive as being saddled with high-interest rates. However, there is much you can do to lower your interest rate, by negotiating a lower rate and/or transferring balances elsewhere.

When applying for a credit card, something to consider is whether you will be carrying a balance on the card. Consumers looking to apply for a credit card they can use to pay purchases over time are better served by a low interest credit card.

The easy access to credit afforded by credit cards for decades has allowed us to indulge our every whim and fancy at a moment’s notice. Far gone is that strange, old-fashioned custom called “saving,” a relic from the time of our grandparents and great grandparents.

Compared to the tantalizing offers of 0% APR balance transfer credit cards, cash back credit cards and rewards credit cards, low APR credit cards may seem like the plain Jane of the credit card family. However, as the economy worsens, cash-strapped consumers might want to give low APR credit cards a second look.

Low interest credit cards often get overlooked compared to the more flashy members of the credit card family, such as 0% balance transfer credit cards or rewards credit cards. However, a low interest credit card can be a great ally in managing your finances, and under certain circumstances deserve a closer look.