People are so easy to believe that all credit cards have high interest rates. All you hear about on the news is credit card companies ripping off their customers with high rates and fees. These stories represent what happens to about two percent of the population. Most of them broke the agreements set forth in their application by making late payments which put them in default. Since they broke the guidelines any introductory rates are taken away and the higher default rate sets in.
Most people can apply for a low interest credit card any day of the week. Big banks are wanting your business more than ever. They want you to become a customer of theirs because they know most people stick with the same card for a lifetime. If they need to give you a low apr credit cardfor the first year to make you a life long client then that is what they are going to do. Most financial institutions offer products like mortgages, mutual funds, and checking accounts besides just credit cards. Those products are where they make their money at.
You can practically find a low fixed rate credit card application blowing in the wind as the mailing list is huge. There are a variety of cards to choose from with any company. Since you will have this one for awhile you need to do your due diligence. If you cannot get approved on one particular card because of bad credit or even not enough credit just keep on trying. There are companies that specialize in extending credit to people with lack luster credit profiles. It is common to receive an offer with a zero percent interest rate for the first year. The rate will remained fixed for the entire introductory period as long as you make your payments on time. It can’t be any easier to do.
Avoid listening to the news or websites that bash card companies. Most of those people carry high balances and have defaulted on their agreement. Here is a tip on how to never pay interest. When you get your bill, pay the whole thing off. The bank can only charge you if there is a balance and without one the rate does not matter.
