Low or No Interest Credit Cards

Everyone wants to pay down existing debt or keep their credit card purchases at reasonable interest rates, so who wouldn’t enjoy no or low interest credit cards.  Most of your card payment goes toward paying off the balance and less to the interest within the time period of low or no interest on a credit card.  You can save a lot of money in interest if you can secure a balance transfer card that has no interest at all. But there are some disadvantages of Low or No Interest Credit Cards. The great benefit of having the low interest rate card is only temporary. Once the promotional period ends, depending on the card, the interest rate goes back to the normal APR which can range anywhere between 10 and 18%.  And during this promotional period if you have just one late payment you will automatically be charged the higher interest rate and will have lost out on your interest free period. Every credit card on the market today has its advantages and disadvantages so it is up to you, the consumer, to do the research and find the card that best fits your circumstances and offers the benefits that will work best for you.