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Low Apr

| Jul 16,2007

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If you're stuck paying more for your monthly credit card bills than you had hoped, there's a chance that you're suffering from a condition known as "high APR." The best way to remedy such a payment headache is by finding a credit card with a low APR. If you're unfamiliar with what an APR is, it's basically the interest rate that you're locked into, and it stands for annual percentage rate. It is not the same thing as additional annual fees you may be required to pay for using the card, but with a high APR, you can expect to pay more than is necessary.

Cards Available With a Low APR

Whether you've grown to love a particular brand of card, or a card from a favorite banking affiliate, zero percent APR and other low APR credit cards are available. Within the brands and their affiliates, there are even more card options to consider that offer different credit card rewards programs. So, whether you're interested in cash back rewards or airline miles, you can find a card that offers rewards, as well as a low APR.

Finding a Card With a Low APR

If you need to transfer your current credit card balances to a card with a low APR, you need to do some comparison shopping to find a card that fits your needs and still offers a low APR. LowerMyBills.com is an excellent Internet resource to take advantage of comparing several credit card offers. You can filter your credit card comparison search to cards offering low APRs, and begin applying immediately from the site if you happen to find a card you like.

Just keep in mind that most cards have variable APRs. Your credit rating will help determine your APR, and if you have excellent credit, you stand an excellent chance to receive a low APR.