Lowest Interest Credit Card

Posted in lowest interest credit card on January 7 2009

If there was any solid endorsement that could be put forth for the lowest interest credit card it would be the fact that these particular cards do not inflict punitive action on those who use the card. In other words, no purchase will be saddles with an outrageous interest payment that will make eliminating the debt impossible.

When it comes to dealing with credit card debt the main obstacle to paying off the balance on a card is the interest. If the interest rate on a particular card is too high it becomes next to impossible to get a handle on reducing said debt. Sadly, many people find themselves beholden to such cards and feel trapped. Usually, these individuals found themselves attracted to “rewards programs” and “travel miles” and did not pay attention to the high interest rates associated with these cards. 

So, what is someone to do when it is already too late and they are stuck with a high interest rate card? Whoa! Who said it was too late? If you are stuck with a card that has an overly high interest rate then all you need to do is transfer the balance to any one of a number of solid low interest credit cards. In fact, this is HIGHLY recommended as the alternative of expending such excess money is not worth it as it makes no fiscal sense.

Compare Lowest Interest Credit Cards

Discover® More Card

Intro APR Intro Period Regular APR Annual Fee 0%** 6 Months** 11.99 - 20.99 (Variable)*%* None* 0% intro APR on balance transfers for a full 15 months, then the Regular APR 0% intro APR on purchases for a full 6 months, then the Regular APR 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more Up to 1% unlimited Cashback Bonus on all other purchases No Annual Fee

Discover® Open Road Card

Intro APR Intro Period Regular APR Annual Fee 0%** 6 Months** 11.99 - 20.99 (Variable)*%* None* 2% Cashback Bonus automatically at any gas station and any restaurant 5% to 20% Cashback Bonus at over 150 top retailers through our online shopping mall Up to 1% unlimited Cashback Bonus on all other purchases 0% intro APR on balance transfers for 12 full months, then the Regular APR 0% intro APR on purchases for 6 months, then the Regular APR

Miles by Discover® Card

Intro APR Intro Period Regular APR Annual Fee 0%** 6 Months** 10.99 - 16.99 (Variable)*%* None* 12,000 Bonus Miles - 1,000 Bonus Miles each month you make a purchase for your first year Double Miles on your first $3,000 in travel and restaurant purchases each year Double Miles through our exclusive online shopping site One Mile for every dollar on all other purchases Flexible redemption options for travel, gift cards, or cash 0% intro APR on balance transfers and purchases for 6 months, then the Regular APR

Chase Freedom® Visa

Intro APR Intro Period Regular APR Annual Fee 0%* 6 Months on Purchases** 12.99-22.99 Variable*%* None* 0% Intro APR and No Annual Fee 5% cash back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly maximum. Signing up is free and easy! Unlimited 1% Cash Back on all other purchases with no spending tiers Up to an additional 20% cash back when you shop online at select merchants through Chase

Discover® MotivaCard

Intro APR Intro Period Regular APR Annual Fee 3.99%** 12 Months** 11.99 - 20.99 (Variable)*%* None* Cash rewards for your good credit management Each time you make 6 on-time payments in a row, you’ll get a Pay-On-Time Bonus equal to a full month’s interest added to your Cashback Bonus account 5% to 20% Cashback Bonus at over 150 top retailers through our online shopping mall Up to 1% unlimited Cashback Bonus on all other purchases 3.99% intro APR on balance transfers for a full 15 months, then the Regular APR 3.99% intro APR on purchases for a full 12 months, then the Regular APR

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