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Best Low APR Offers - Compare the Best Low APR Credit Card Offers
When searching for any loan, the best way to save yourself the most money is to obtain one with the lowest rate. In the consumer credit card arena, the first step is to search for the best low APR offers. Most cards are tied to the prime rate which is controlled by the Federal Reserve. For fixed rate offers, the most favorable interest rates are available when the prime rate is closest to zero. It's vital to understand the difference between fixed rates and variable rates when you compare low apr credit card offers. The reason is that fixed rate cards allow you to lock yourself into a pricing structure at the time you apply, whereas with variable rate cards, as the prime rates rises and falls, so does your pricing. Therefore, a card that may seem like the best low apr offer may not be a few months down the road.
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- 0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% - 20.99%*
- 5% Cashback Bonus® in categories that change like gas, restaurants, department stores and more. Limitations apply*
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
- Discover is ranked #1 in customer loyalty--16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S.-based Account Manager within 60 seconds
- $0 Fraud Liability plus mobile and email fraud alert options
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
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Intro APR
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Intro APR Period
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APR
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Annual Fee
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Balance Transfer
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Minimum Credit Required
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0%*
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15 months on purchases & balance transfers*
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10.99% - 20.99% (Variable)*
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None*
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Yes*
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Excellent
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Low APR Balance Transfers and Low APR for Purchases
There was a time when just about every bank had the same rate structure for both balance transfers and purchases. Due to the evolution of the market and the economy's impact on lending, the two began to seperate. The most noticeable difference was on the length of 0% introductory APR's. Depending on an issuers's portfolio, they would test market different lengths for which either attracted the most qualifed customers which would in turn increase their return on investment. Most however, still keep the interest rates aligned after the duration of the term. In the event that you identify a product that intrigues you, whether it be for the rewards program or even something like the appearance or card art (note that we do not suggest that you apply for a card strictly based on its appearance), make sure that you understand both rates. Even if you plan on strictly using your new card for a balance transfer, you may be in a position where you want to make purchases down the road on it. The opposite may also be the case.
We know that finding the best low APR credit cards is typically a daunting task. The reason why is that credit card contracts are typically difficult to decipher. At CardBeacon.com we've simplified the process by dissecting these contracts and have provided consumers with comparitive tools to easily isolate the best low APR offers in a clear and concise format. By setting parameters for rate structures that you are comfortable with, you may easily compare these offers to make shopping much easier. In addition, you may also calculate the impact that the rates will have on your financial health by using the minimum payment calculators located on each credit card product display. These tools were inspired by the Credit Card Accountability, Responsibility, and Disclosure Act of 2009.
This piece of legislation acts as a good preventitive measure to eliminate what the US Government and several non-profits deemed deceptive and unfair practices by credit card companies. This was passed in response as a reaction to what many experts view as the cause of the economic downturn. Though that may very well be the case, the main issue is that consumers need to take hold of their finances and make good decisions. Looking for low apr credit card offers is a step in the right direction. Taking the time to compare the best low apr credit card offers and selecting the one that fits into your budget may be beneficial to your personal finances. As with any credit card offer, it is important to make sure that you use it responsibly. This entails making timely payments and staying within your limit. Failure to do so may not only put you in a bind, but in some cases may result in a rate increase.
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