How to

Find the Best Low APR Credit Cards

 by:

Morgan Hamilton

Low APR credit cards are much more prevalent than in years

past. Competition is stiff and credit card financial institutions offer

many nice perks, rewards, points, low annual percentage rates (APR) and

other inducements. They want to capture new customers who've never had a

credit card but also those who already have a credit card and might like

to save money by transferring that card's balance on to their new low APR

credit cards.

Of course, there is nothing lower in an APR than zero -

and those exist too, although sometimes for a limited time period. It may

be that the lowest, or even the zero percentage APR is for an introductory

period, after which the rate is higher. The permanent APR is what you want

to watch out for, of course. Although if you're not opposed to doing a lot

of switching, you can always purchase a low APR credit card, or zero

percentage APR credit card, transfer the balance from your current high

APR credit card, and then, once the introductory time period has expired

and the APR is about to go up on your newest credit card, transfer the

balance yet again to a brand new low APR credit card.

Let's look at a few of the low APR credit cards out there,

so you know what kinds of options are typically available to you.

Citibank, for example, offers low APR credit cards that

give you five percent cash back on any purchase you making at grocery

stores and gas stations with your low APR credit card, and one percent

back for any purchase elsewhere. The APR on transfers is zero for the

first year. If your transfer transaction is at least $1500 you will earn

$5 cash back with the low APR credit card. There is no annual fee and the

APR after the first year is 12.24 percent.

Discover has a platinum clear card whose low APR is

continual. The first year the APR is zero, but after the first year it's

still a very competitive 9.99 percent. And there is no annual fee. With

these low APR credit cards you earn a five percent cash back bonus on

purchases made from hardware and home improvement retailers, restaurants,

book vendors, and gas stations. If the retailer doesn't qualify you for

the five percent discount you will always get one percent back no matter

what you buy and from where with this low APR credit card.

Chase Bank offers low APR credit cards as well. Its zero

percent APR is good for six months, after which you will pay 10.49

percent. These low APR credit cards have no annual fee, and offer rewards

at the rate of one point for every dollar spent with your Chase card. You

can get free airline flights and hotel rooms, as well as cruises and auto

rentals. This card also provides $500,000 worth of travel insurance for

worldwide vacationing. You can also take advantage of a fifteen percent

discount off a Hertz car rental with these low APR credit cards.