low interest credit card

15.58 doyan No comments

ts Of the most-searched credit card
terms in Google, one stands out:
low-interest credit cards.
In fact, it’s the most-searched
term of any credit card
category, including cash back
and balance transfer offers.
I just don’t understand why.
Don’t get me wrong, owning a
low-interest credit card is
valuable for people who need a
credit line to manage their
finances month to month.
But consumers can do better,
can ’t they?
Every credit card holder should
have three goals:
First — and most important —
pay off the balance each
month. Even a low-interest credit
card can carry an interest rate of
at least 10%, making purchases
unnecessarily expensive.
Call me old-fashioned, but rather
than make purchases for items
you can ’t pay off, the smart play
is to save up, use your credit card
to buy the item and then pay off
the balance.
Use the card to make safe and
secure purchases. In this case, a
low-interest credit card is just as
good as any other credit card.
As long as your credit card issuer
provides protection when buying
something in person or online,
you should not be held liable for
any fraudulent transactions. Just
because a credit card is classified
as low interest has no bearing
on the protection it provides.
Earn rewards for every
purchase. There’s not a single
low-interest credit card I’m
aware of that offers a
comparable rewards program to
cards like the Discover More Card
or Chase Freedom Visa.
Some low-interest credit cards
don ’t even offer a rewards
program, further demonstrating
why they ’re not the greatest
option for consumers.
By signing up for a true low-
interest credit card, consumers
are giving up on the things they
deserve.
Low-interest credit cards serve a
purpose in allowing consumers
to make emergency purchases if
they don ’t have cash on hand,
but otherwise, a rewards or
balance transfer credit card is a
better deal.
From rewards cards to — yes —
low-interest credit cards,
compare rates and rewards from
dozens of credit cards in our
database.

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