Low Interest Credit Cards

Low interest credit cards or low APR (Annual Percentage Rate) are credit cards that charge you less for the debt you run up on the cards.

Thanks to competition in the credit card industry, initial interest rates as high as 20% APR have now fallen steadily into single digits.

These days there isn’t really any reason to be paying high rates of interest unless you have credit rating problems and find it difficult to get accepted for a low interest rate credit card.

However be careful, low APR credit cards aren’t always what they seem. Some issuers only offer a low interest rate as an introductory offer to new customers, which once this period expires can see the interest rate increased to a higher rate of interest than other similar credit cards available.