If you're in the market to find a low interest rate credit card today, I'm going to show you the types that you can look out for and how you can capitalize on each one of them. Each category will all depend on your credit score. Obviously, a higher credit score means greater rewards and a lower credit score means next to nothing.
Bad credit cards - These types of cards are notorious for having higher rates. These rates can be anywhere from 20 to as much as 30%! This can put a huge damper on your wallet. Finding a card with a low rate in this category is tough but I'd say anything around 15% is great.
Reward credit cards - These are the cards designed for those with good credit. Since you're not a high risk, you get great rewards. I've seen cards with 0% for life but there restrictions (these are hard to find today) to rates as high as 20%. With a reward card, you're going to have a lot more luck finding a low APR. Do your searching and I'd say if you can get into the single digits, you'll have yourself a deal.
Business cards - If you own a business, you may find that you can't get your card paid off in full each and every month and that's okay because you're not alone! Since a business card will vary on your credit score and history, these rates can be low and high, it's up to you to do your homework.
With so many categories and types out there, go out and compare at least 5 cards. Research each one of them and find one that works for you.
Find low rate credit cards and more of Tom's work all at FINDlowcards.com.
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