Low interest rates card are offered in either a low fixed rate term or a low introductory APR. Fixed low rate cards are those that continue to have low rates for life. This is would require a good credit score. This type of card can boost your credit score more so that you can avail for elite card that usually ask for excellent credit score.

A credit card that have low introductory on the other hand only grants a 0% interest rate for certain period usually 6 to 12 months only. This can somehow help you save much money at the same time gives you the opportunity to improve your credit score as well.

If you want to see different low interest credit cards coming from various card companies and issuers. Click here!

hi polet_2001...

there are two types of credit card users, convenience users and credit users.... convenience users are those that pay their balances off at the end of each month... thus they should be using rewards cards only...

credit users are those who carry a balance from month to month, and really need the lowest interest cards possible to save money on interest..

low interest credit cards are generally available to those with good credit and those who aren't a credit risk.

People who should use low interest credit cards are those persons working and having the capacity to pay. Simply because having a credit card is a responsibility, before you borrow you should first be sure the source of where will you be getting the money you are going to pay for the monthly installment of product you will purchase . Low interest credit cards are very beneficial especially for those persons running a business and wanted to purchase products in an installment basis. In that way, it would be easier for him to pay the price he borrowed from the credit company in an installment basis.

There are many benefits of having a low interest credit card. One of the advantages of it is that you can have the product you intended to purchase right away without the hassles of filing a loan to the bank and having to complete so many requirements for approval. Aside from that, low interest credit card is very reasonable compared to borrowing to credit cards with sky rocket high interest. Can you imagine of paying twice of the price of the product you purchase just because of the interest of other credit card banks?

Well many types of people should use low interest credit cards especially anyone who is attempting to lower there monthly debt. Many have taken the offers by other companies where there is a very low interest rate offer to them if they were to transfer their balance from a high balance and interest credit card over to them, therefore that low interest credit card company, now has there business. Families who have children away at school who need a low interest credit card that they may give to their child for emergency purposes or maybe a purchase of school supplies, sometimes even tuition which can be pretty substantial so therefore they would use a low interest credit card in order to reduce the time to pay it back which would in turn cost them more money.

Low interest credit cards are best used if you make a lot of large purchases and plan to pay them off over a period of time. For examples the purchase of any large appliance, home improvement, medical needs, furniture...even expensive emergencies to do with either their auto personal or home life. You also can benefit by being able to transfer your high balance of several credit cards onto one low interest credit card. A ot of companies now will offer incentives to transfer your balance with different types of awards like coupons even cash back rewards.

If you have a good credit standing, it is best to apply for a low interest credit card, since these types of credit cards could help you save more on the interest rates that you usually pay for your standard credit cards. There are three main benefits of using low interest credit cards and here they are: 1. Of course, their low interest rates lets you spend more without worrying about the interest that you need to pay. 2. These types of credit cards offer more rewards and perks to their cardholders. They also have a better points system when it comes to earning rewards through points. Lastly, they also have lower transaction fees like balance transfer fees, as compared to regular credit cards. This helps you save more when it comes to your banking transactions using your credit card. With our current economic condition, it is best to be wise when it comes to choosing the kind of credit cards which could best suit our spending needs. Of course, low interest credit cards would not only make spending lighter to the pocket, but it also helps us save more money and of course, in saving our money more wisely.

What is your experience with benefiting from Low interest credit cards?
Who do you think is best suited for using low interest credit cards?