How To Find the Best Credit Card Rate for You

Looking for the best credit card rate? You’re not alone. Millions of consumers jump from card to card trying to find a rate that’s better than the one they’re currently paying. Do yourself a favor and don’t play leap frog with the credit card companies. Here are some helpful tips for finding the best rate for you.

But He’s Got a Better Rate!

Upset that your neighbor has a better rate than you? Get over it. If you’re looking for the best rate, there’s something you need to understand…

Not all credit is created equal, and the best credit card rate for you might not be a great rate for someone else. If Mary Jane has never had a late payment or collection account in her life and Betty Sue has had a few, the girls are going to qualify for different rates.

Before you go in search of the best credit card rate out there, take a serious look at your credit situation. If there are some dings or dents, you’re going to have to settle for a higher rate than you may have anticipated.

Check Your Options

If you really want to get a feel for what the best credit card rate is, you need to know what’s out there. That means comparing your options. No, I’m not telling you to apply for every card in the world to see what terms they offer you. What you should do is check the terms and conditions of at least five or six different cards you may be interested in and see who’s offering the lowest fixed rate.

Don’t Let ‘Em Woo You

Most of us know that 0-percent interest rate is too good to last when searching for the best credit card rate. However, a 6.99 or 7.99 percent rate is probably just a teaser too.

If a rate seems to good to be true, it is. Make sure you chose a fixed rate, not a teaser rate. A teaser of 6.99 that jumps to 26.99 isn’t the best rate after all.

Know When To Hold ‘Em, Know When To Fold ‘Em, Know When To Walk Away…

There’s a great country song about knowing when to walk away (and knowing when to run). If you start out with a credit card that offers the best credit card rate, but then the terms change and the rate goes up again and again, it’s time to run.

Sure, the length of your creditor relationships has an impact on your credit rating. That doesn’t mean you should be taken for a ride. If you’re constantly seeing rate hikes, transfer your balance to a different credit card that is currently offering the best rate. Leave the other account open, just don’t use it.

One Size Does Not Fit All

Keep the above tips in mind when looking for the best credit card rate. Sure, 10 or 12-percent interest might not seem like such a great deal when you see offers for less than 10-percent all around you. Just remember, the best credit card rate for you is the best that you qualify for — not the best that the nonexistent perfect consumer with the highest credit score possible might get.

Helpful Tips for Uncovering the Best Credit Card Offers

While looking for the best credit card offers, it is essential to know that not all offers are created equal. It’s essential to make quite a few really important choices, as well as carry out your very own investigation prior to agreeing to any offer. Simply because the card seems to be inviting on its face does not necessarily mean it will be the best for you personally. Look at all of the essential aspects prior to selecting a card for your requirements.

Usually the best credit card offers give additional bonuses. Just because you’ll acquire some bonus travel miles does not mean it’s a wonderful deal. If you do not plan to take a lot of trips over time, specifically on an airplane, then your added bonus is basically worthless.

When you have to have a rewards system with your bank card, be sure it is one that you’ll be able to make use of to your advantage. An overall program that offers money back and or bonus points that can be redeemed for goods is normally the very best path for most customers.

Simply because a credit card provides added benefits doesn’t mean it’s a good option. Oftentimes, these sorts of bank cards can come with exorbitantly high rates of interest and service charges. Be sure to go over the small print, along with the stipulations surrounding the offer before applying for that particular card. The best card will have the lowest annual percentage rates and membership fees that you can get, given your credit scores.

While we’re talking about credit history, the majority of the consumers that take advantage of the best credit card deals are the ones with very good credit ratings. This is especially true regarding instant decision credit cards.

If your credit ranking is not top notch, it will be helpful to you that you focus on improving it before submitting an application for a bank card. 0% APRs are generally just marketed to those who have kept a strong credit report. Taking out a modest personal loan from a lender and repaying it during the first calendar month is but one way to raise your FICO score, which may help you obtain a significantly better credit card.

As you have seen, simply because there are lots of charge card promotions available that doesn’t mean that they all are good quality. Quite a few provide you with rewards that will not help you. It’s also imperative that you check into the annual percentage rates when comparing the best credit card offers around. Last but not least, fixing your credit history will allow you to take advantage of the best offers.

How To Apply For The Best Credit Card Offers

There are plenty of credit card offers on the market, but the best are those with the lowest annual percentage rates as well as the lowest fees and charges. The best deals also include a low or zero rate introductory period. If you are finding that high card costs are placing a lot of stress on your monthly budget, you can gain immediate relief by transferring your current balances to an introductory rate card. Average introductory periods tend to be between three to fifteen months. Obviously, the longer the introductory period, the more you will benefit from transferring your balances.

These special offers are not altruistic, they are highly effective marketing strategies. Providers attract a lot of new customers by enticing them with introductory low or zero rates. Once the introductory period is over, their customers will begin to pay standard rates. That is their plan but you don’t have to follow it. There is no reason why you cannot transfer your balance to yet another introductory card before you have to begin paying interest. If you do this, you can give yourself more time to pay down your credit card balance and get yourself into a better financial position. These are among the best credit card offers imaginable and can really save you huge amounts of money over the years.

There are so many being marketed that it can be difficult to find the best credit card offers. If you want to transfer your current balances to a new, lower rate card then the best card will have low balance transfer fees, a zero or very low introductory rate, a long introductory period and low ongoing fees and charges. You will also need to consider what the standard interest rate is at the end of the introductory period. Try to find one with an introductory period of at least twelve months to give you a decent period of time to reduce your balance and to stabilize financially.

The internet provides an easy way to locate the best credit card offers. However, using an online search and simply clicking on links on the results page will take a lot of time and can be very tiring. The best way to quickly locate the best is to use a credit card comparison website. These sites have already done most of the research for you. They cull most of the credit cards and keep a small selection of the best offers for you to choose from. You can easily compare the benefits offered by each card as well as terms and conditions. Once you have decided on the right deal for you, you can even apply online.

The best credit card offers are not only for balance transfers. There are introductory cards offering interest free on purchases for a specified period of time. These are usually only available to customers who do not already have a card with the same provider. Either way, the best of the crop for you will save you a great deal of money. It will be a support rather than a stress. By taking the time to choose a card that offers you the greatest value, you will protect yourself from high debt costs. You will also be making a wise financial decision.