A low interest rate credit card offer is usually the most sought after credit instrument consumers seek.
There are many types of low rate card offers available on the market today.
Low interest charge card issuers look for any means that they can in order to entice new customers.
However a low APR credit card offer is something that is earned through good credit management skills.
Those who do not qualify for a low rate offer will end up paying much higher fees.
First of all a low APR credit card offer will save you money.
Finance charges are always calculated based on a yearly interest rate.
For example, if your annual APR rate is 18% than you will be paying 1.
5% interest every month on any outstanding balance you may have on your credit card.
The interest can then be further broken down into days if you analyze it further.
If you divide 1.
5% by 30 days you come up with.
05% daily interest rate.
Another thing that you need to take into consideration for offer is that interest rates will compound.
That means that you will be paying interest on top of interest.
That is why finance is such a profitable industry.
People do not realize the amount of interest that they will end up paying if they only make the minimum monthly payment required.
Those of you who have very good credit will qualify.
Pay all your monthly bills on time and you will have good credit.
Do not pay any bills late including any utility bills such as cable, water, light, or even your phone.
Set up these payment to be paid automatically every month and you will not have to worry about sending in a check.
You can also set accounts the same way.
The Internet has made it possible for anyone to go online and check the balance, spending history or even set up automatic payments every month.
You can set it up to pay the minimum monthly payment or you can set it to pay a higher amount.
You can even set the exact date as to when you want your bill to get paid.
This avoids any forgetfulness that might occur during your busy work day.
We all have 10,000 things to do everyday it seams sometimes.
Use the Internet to its fullest and take advantage of automatic monthly payments.
Budget your money every month properly is another way to ensure that you qualify for a low rate card offer.
Do not over spend what you make ever month.
As I have stated before, your getting a charge card is not like getting a raise at work.
When you get a raise at work you are granted additional monies towards the time and effort that you put in for your employer.
In turn you are paid and awarded accordingly.
A credit card is not an extension of your income.
You should only use card in times of emergencies or for necessary high dollar purchases you could otherwise not afford.
Your credit card is there for you to replace your refrigerator when the old one goes out.
It is not for you to go spending money at the most expensive and lavish restaurants in town that you would otherwise not be able to afford on your salary.
If you already have good credit and you are looking for a low APR than you might want to take a look at The Simmons First Visa Platinum.
This a a great example of a top notch card available on the market today.
They have an exceptionally low interest rate of 7.
25% at the time of this writing.
However, do be aware that you will need to have very good credit in order to qualify.
Use your common sense if you are in the market for a low annual APR card offer.
Check your credit and make sure that your score is above top notch.
If there are any derogatory marks on your credit than you will have time fix them.
Lastly, pay all your bills on time and live within your means and you will qualify in no time.