Low Interest Airline Credit Cards
Selecting a credit card these days can be something of a confusing process. There are just so many choices and it can be a challenge to figure out which of the many options open to you would be the right one for you and your lifestyle. However, if you're like many consumers out there, you're always looking for new ways to maximize savings. As a result, you want a credit card program that adds convenience and security to your life, but without charging you an arm and a leg when it comes to interest. If this sounds like you, then you might want to consider a low-interest credit card as a possible solution.
What is a low interest credit card?
A low interest credit card by definition is a credit card that features a low annual percentage rate (APR). What that annual percentage rate actually is varies from card to card, but the typical range in this day and age is between 6.5% and 14.99%. There are also typically three different kinds of APR that you might see associated with any one card.
- Fixed APR: This refers to an APR that does not fluctuate, as it is not influenced by the same factors other types of APR might be. While your credit card company may eventually change the rate associated with your fixed APR, you are informed of this in advance.
- Introductory APR: A short term introductory rate that is usually part of a sign-up bonus and typically covers a time period of between 6 and 12 months.
- Variable APR: An APR that fluctuates. The reason for this is that unlike fixed APRs, it is affected by certain factors such as national prime rates.
Although the opportunity to pay a lower rate of interest is fabulous in and of itself, many low interest credit card companies will offer customers a number of additional perks as part of their program as well. Some offer you the opportunity to earn rewards points on all or some of your purchases. Others will even allow you the option of earning cash back in either the form of a check or a rebate toward your balance. As such, low interest credit cards represent a great way to save money and even come out ahead of the game when you take the time to choose the right one.
Is a low interest credit card right for me?
While all this might sound good, in the face of the overwhelming number of choices out there, you might still be wondering if a low interest credit card is the best possible choice for you. Generally speaking, low interest credit cards are of the largest benefit to people who either want to or need to carry a balance on their account. They're especially good for people who like to use credit to finance large purchases and pay for them over time as they're able. As such, such credit cards can offer a wise and helpful solution for responsible spenders whose incomes just don't allow them to pay for everything in cash all of the time. Just make sure you do your homework and read the fine print on your low interest credit card application before deciding on a particular one once and for all. Every program is different and some will definitely fit your needs better than others will.
- Compare other Airline Credit Cards
*Check with the online credit card application for further details about the terms and conditions for each card. Airline Miles Credit Cards has done everything possible to ensure that the information provided is up to date. Any changes made to these programs will be presented in the terms and conditions on the credit card issuer's website.