Low Interest Credit Cards Have Many Advantages

When credit cards are used wisely they can be very beneficial to the consumer. A low interest credit card can be exceptionally beneficial. Many people use the same credit card that they have had for years. Some people still have the very first credit card that they ever received and just simply have never thought to switch to a card with a lower rate. There is a degree of comfort in habit, but shopping around for a lower interest rate credit card can quickly prove that switching is worth the little amount of effort it takes to do so.

With credit card companies aggressively competing for your business, it is easy to find a card with a low interest rate these days. Of course your credit score will determine how low of an interest rate you will be able to get. There are many helpful websites that have made the process of comparing credit card offers easy for the consumer like http://www.amex-visa-mastercard.com

If you carry a balance on your credit card from month to month like many people do, switching to a card with a lower interest rate can save you hundreds of dollars in interest. If paying off your credit card debt is your goal, having your credit card balance on a low rate card will allow you to pay it off much faster than a higher rate card will. Many credit card companies even offer a 0% interest rate on balance transfers. This is a great way to get your credit card debt paid down without having to pay interest on it.

Even if you pay your credit card balance in full each month, having a low interest credit card can still be advantageous. We all hope that nothing will ever happen to negatively effect our financial situation but as the saying goes, you just never know. Having a low interest credit card in your wallet can serve as a safety net if something should ever happen that would not allow you to pay off your balance every month.

Having a low interest credit card can help your financial situation, whatever it may be.

-------------------------
Note: This article may be freely reproduced as long as the authors bio paragraph at the bottom of this article is included, the article is published "as is" (unedited) and all URL's are made active hyperlinks with no syntax changes.
-------------------------

This article was written by Beth Pardue who has over 10 years of experience in the financial industry assisting clients with assorted financial needs. To learn more about credit cards or to apply for a credit card online please visit: http://www.amex-visa-mastercard.com

---

10 Step Credit Repair Guide

The process of clearing credit can be laborious and frustrating,... Read More

Keep Your Credit History Clean - Remove A Negative Credit Record From Credit Report

The three major credit bureaus, Experian, Equifax and Trans Union... Read More

7 Compelling Reasons Why A Prepaid Debit Card May Be Just The Financial Tool You Need

Prepaid debit cards are great financial tools and may be... Read More

Credit Scores and Loan Applications

Keep Your Credit History Clean - Remove A Negative Credit... Read More

Free Credit Reports Now Available From the FTC

The Federal Trade Commission (FTC) has set up a new... Read More

Saving Money with Credit Cards

Having a credit card is a wonderful convenience for those... Read More

Bank Robbery Growing In U.S.

Bank robbery has grown to become a huge problem in... Read More

Home Loans ? Repair Your Credit Before You Buy

Before you take out a home loan or make any... Read More

How You Can Help Prevent Identity Theft

How can I prevent Identity theft from happening to me?... Read More

Collection Agency Secrets for Collecting on Bad Debt

Getting worried that one of your clients, customers or patients... Read More

Dealing With A Collection Agency

Step I - Selecting A Collection AgencySelecting a credit collection... Read More

Discover the Parts of a Credit Report and What They Mean

So you ordered a copy of your credit report to... Read More

How to Avoid Credit Card Late Fees

Everyone hates late fees and being late will cost you... Read More

3 Free Credit Reports For You

If you were to tell someone that they can have... Read More

5 Killer Steps to avoid Credit Card SCAMS!

In August, 2004, the Federal Trade Commission issued their findings... Read More

10 Ways of Reducing the Risk of Identity Theft

1- Check your credit report regularly2- Secure personal information in... Read More

Bad Credit Credit Cards

Chances are you've gotten your share of offers like this... Read More

Two Things You Need To Know About Prepaid Debit Cards

According to the September 2004 issue of the Nilson Report,... Read More

Choosing a Credit Counseling Company

If you have considered credit counseling as an option to... Read More

Why Does Your Credit Card Rate Keep Going Up?

Have your read your credit card contract through completely? Do... Read More

Warning: Free Credit Report Imposter Websites Springing Up on the Web

A recent amendment to the federal Fair Credit Reporting Act... Read More

Credit Suicide

Few things influence the home buying process more than your... Read More

First Major Regulatory and Legislative Victory of 2005 for Creditors and Consumers

Under the Fair Debt Collection Practices Act, collectors are not... Read More

Credit Card Shocker

Have you ever looked at your credit card statement? I'm... Read More

Minimum Credit Card Payments to Rise

For years, major credit card companies have allowed cardholders to... Read More

Is Your Credit Score Costing You Money?

Most of us want a good credit report to obtain... Read More

Compare Credit Card Offers and Reward Yourself

Here's a simple system on how to pay zero interest... Read More

7 Ways To Squash Identity Theft

It is the scourge of our age: identity theft. Thieves... Read More

Annual Credit Report and Free Annual Credit Report

Getting an annual credit report review has been the advice... Read More

My Student Credit Card Adventure

And some practical advice too!My first credit card?I remember my... Read More

SuperCharged Secret 5, Credit Card Utopia

LIVING IN CREDIT CARD UTOPIALet's just take a brief moment... Read More

10 Ways To Boost Your Credit Score

1. Deleting Errors in 48 HoursThis is the absolute fastest... Read More

Preventing Credit Card Mess

Credit card debts problem is extremely common today. It is... Read More