How should I compare low APR credit card offers?

Tuesday, June 23rd, 2009

Comparing low APR credit card offers

Sorting through all the various low APR credit cards offered online can become a little confusing as all the cards sometimes start to look the same. They may all seem to offer low interest rates, low fees, and some type of perk which makes their program “the best.”

If you have a good idea of what you are looking for, then comparing the variety of offers online gets a little easier.

First, figure out what you want. Do you want to have a rewards program attached to your credit card? Do you need a card that has a low interest rate for balance transfers? Do you just want a simple card that has no frills and extras? After you figure out exactly what you want, you can immediately eliminate the cards that don’t offer what you are looking for.

For example, if you refuse to pay an annual fee then you have leveled the playing field considerably, so to speak, because you don’t even have to bother examining credit card offers featuring annual fees.

Once you have a short list of potential credit cards which all have the features you want, then it’s just a matter of which one has the lowest interest rate and the least amount of fees.

It’s really just a process of elimination, but it’s important to go through it to make sure that you are getting the best credit card you can get approved for.

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