My Spotless Mind

Low APR credit cards are much more prevalent than in years past. Competition is stiff and credit card financial institutions offer many nice perks, rewards, points, low annual percentage rates (APR) and other inducements. They want to capture new customers who've never had a credit card but also those who already have a credit card and might like to save money by transferring that card's balance on to their new low APR credit cards.

Although if you're not opposed to doing a lot of switching, you can always purchase a low APR credit card, or zero percentage APR credit card, transfer the balance from your current high APR credit card, and then, once the introductory time period has expired and the APR is about to go up on your newest credit card, transfer the balance yet again to a brand new low APR credit card.

Citibank, for example, offers low APR credit cards that give you five percent cash back on any purchase you making at grocery stores and gas stations with your low APR credit card, and one percent back for any purchase elsewhere. If your transfer transaction is at least $1500 you will earn $5 cash back with the low APR credit card. Discover has platinum clear card whose low APR is continual. Chase Bank offers low APR credit cards as well.

I get applications in the mail and see ads on television all of the time for low APR credit cards as well as 0% APR credit cards, are these a good deal for me? Originally, low APR credit cards were a marketing scheme in America. Well, there are a lot of 0% APR cards available for balance transfer.

// posted by Barras @ 2:19 AM