Best Credit Card Rates Advice: from Me to You (cont.)
Contributed by Shanika p Carter
Also pay attention to whether you are accepting credit cards with an introductory low interest rate. The great interest rate that you had six or nine months ago when you first received the card may not be the same now. Sometimes the interest rates rise higher than you would imagine, making you wish you did not have credit. Also, interest rates sometimes change if you do not stick to your payment agreement you signed when first accepting the credit card. That is another fact that many credit card holders overlook, including yours truly.
What Constitutes as the Best Credit Card Rate?
The best interest rates can be as low as 8%, but your chances of getting a credit card with that interest rate (or lower) are better if your credit history is good. Then there those who have to deal with interest rates that are 18% or higher, which can become overwhelming if you are not careful. Then you have those rates that fall in between those areas, which are acceptable to most. before deciding on one, go online and browse through all of your choices of credit cards available to you and your needs.
