It's All in the Numbers: Your Low Interest Credit Card
Contributed by Boo Roberts
What is a low interest credit card?
A low interest credit card is a credit card that has low interest. As opposed to your higher interest credit card, your low interest credit card means if you carry a balance from month to month you don't have as much to pay in finance charges. If you have a higher interest credit card, that means you are paying more in finance charges each month if you carry a balance. I say "if" because there are some people, believe it or not, who do pay off their credit cards each month. If you are one of those people who don't, then you could probably care less about having a low interest credit card.
How do I get a low interest credit card?
You can get a low interest credit card basically the same way you get any other credit card. You just need to shop around. A good rule of thumb is to call your existing credit card company and let them know you are shopping around, and would they care to offer you a lower interest rate? If they say no, tell them you will certainly be taking your business elsewhere, just as soon as you find something that suits your interest needs. If that doesn't put the fear into them, nothing will.
A company hates to lose money, and if you are leaving your credit card company for another low interest one (and taking your high monthly balance with you) generally your credit card company will give in a bit and offer you a lower interest rate.
