The best low interest rate credit cards electricity word search answer key

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The only thing more challenging than managing credit card debt is getting out of it. To accomplish this important goal you need a sound budget, plenty of discipline, and a credit card with the lowest possible interest rate. (See also: The Best 0% Balance Transfer Cards) How to Find the Lowest Interest Rates

Every bank is legally required to clearly disclose each card’s Annual Percentage Rate, or APR. This is the rate you will see in the black and white box when you click on the "terms and conditions" link. While you might think these disclosures make choosing the lowest APR an easy task, it is not that simple. Most banks will disclose a range of possible rates, with each applicant being offered a particular APR according to his or her credit rating. Therefore, the lowest rates available will be granted only to those applicants with the highest credit scores, with all other cardholders receiving higher rates.

Another important aspect of a credit card interest rate is that nearly all of them will have a variable rate. The good news is that the CARD Act of 2009 prevents banks from arbitrarily raising their rates on cardholders in good standing. What you will find is that nearly every card on the market will offer a variable APR that is based on the Prime Rate. This rate, determined in part by the Federal Government, has stood at a record low of 3.25% since December of 2008. Nevertheless, the variable interest rates quoted by the credit card issuers will rise when the Prime Rate does. For example, if the Prime were to rise to 8.25%, as it did in June of 2006, cardholders would see their interest rate rise by 5% from the current rates.

The BankAmericard® credit card offers a competitive 14.49%-24.49% variable APR on purchases and balance transfers, with a 0% intro APR for 15 billing cycles on purchases as well as on balance transfers made in the first 60 days. (There is a balance transfer fee of 3%, minimum $10.) This no-frills card does not offer any rewards, but it can be a worthwhile tradeoff for people who want a low-interest card in case they have to carry a balance from time to time. There is no annual fee.

With the Chase Slate®, you’ll enjoy 0% intro APR for 15 months on both purchases and balance transfers, and the intro balance transfer fee is $0 when you transfer a balance during the first 60 days of account opening. After the introductory periods end, a variable APR of 16.49%-25.24% applies on balance transfers and purchases, and there will be a fee of either $5 or 5% of the amount of each transfer, whichever is greater. There is no penalty APR — paying late won’t raise your interest rate. There is no annual fee, either.

The Capital One® VentureOne® Rewards Credit Card offers a 0% intro APR on purchases for 12 months; after that, a variable APR of 13.49%-23.49% applies. Besides a great intro purchase rate, you’ll also get unlimited 1.25 miles for every dollar you spend on purchases and unlimited 10x miles on hotels when you pay with your VentureOne card at hotels.com/Venture. You can redeem your miles for travel purchases, statement credit, gift cards, and more. And if you spend $1,000 on purchases within 3 months from account opening you’ll earn a one-time 20,000 miles bonus — that’s equal to $200 in travel. There is no annual fee.

The Citi Simplicity® Card – No Late Fees Ever from our partner Citi, offers 0% intro APR on purchases and balances for a whopping 18 months! After the intro period, the variable APR will be 15.49%-25.49%*. While there is a balance transfer fee of $5 or 5% of the amount of each transfer (whichever is greater), there are no late fees, no penalty APR, and no annual fee. It doesn’t get simpler than that.

The Capital One® Quicksilver® Cash Rewards Credit Card has 0% intro APR on purchases and balance transfers for 15 months (a 3% fee applies to each balance transferred within the first 15 months). After the intro period ends, a variable APR of 14.49%-24.49% kicks in. Besides low interest rates, this card also offers simple rewards: earn unlimited 1.5% cash back on every purchase, every day. Plus, get a one-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening.

The Bank of America® Cash Rewards Credit Card offers a 0% Introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 14.74% – 24.74% Variable APR. A 3% fee (min $10) applies to balance transfers. You also earn 3% cash back for gas, and you earn 2% at grocery stores and wholesale clubs (for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter). There is no annual fee.

Although the best way to use a credit card is to avoid paying interest, most Americans are unable live up to this ideal. If you do have to carry a balance, your primary goal should be finding a card with the lowest interest rate. Doing so will help you to minimize the amount of interest that you owe, making it easier to pay off your credit card debt as soon as possible.