How to Choose a Low APR Credit Card
There are literally thousands of different credit cards currently available to consumers, from cash-back cards to rewards cards, it can be quite the chore to figure out which card is best for each type of circumstance. However, when it really comes down to it, finding a low APR to avoid excessive charges is usually the safest way to choose a card. Luckily, finding low-APR cards is very simple when you know where and how to look.
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Instructions
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Search popular credit card comparison sites. Several popular options are Cardoffers, CardRatings, Creditcards.com and Creditcardsearchengine.
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Check if the credit card offers site you are searching through includes "Low Ongoing Rate" or "Low APR" links. Most card comparison sites offer this type of link. CardRatings.com offers such a link on the left side of the page under its card type links.
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Check the terms and conditions once you find several cards to compare. Look for any termination of APR clauses. Usually these clauses will state that the company reserves the right to change the customer's APR at any time after an introductory period, or that the rate is based on variable interest rates and can change with market conditions.
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Check directly with your local bank. Often, if you are a good customer the bank can offer you a great rate as a preferred client. These cards often let you pay your balances directly through your bank account as well, which is more convenient.
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Tips & Warnings
Avoid credit card offers with Universal Default Clauses in their fine print. This clause states that if you default on any type loan the card company can raise your APR even if the loan defaulted upon isn't with the card issuer.
