I have a high balance credit card with a high interest rate. Where would be the best place place to look for a lower interest rate and/or apr?
Answered on Wednesday, August 4th, 2010 by
Amy Miller

First of all try to negotiate a lower interest rate with the bank you currently have your credit card at. If you cannot get a lower APR with them, shop around for 0% balance transfer credit cards. Visit our Balance Transfer Cards page. Just keep in mind that these applications require good or excellent credit history. Best cards for balance transfers are offers with 0% APR for the introductory period. You can get 0% interest rate for 6 or 12 months, depending on a particular card, or sometimes even for 18 months. Keep in mind balance transfer fees, they are usually 3-4% of the transferred balance. Do not forget to compare other features – annual fee, Purchases APR, rewards, etc. Use credit card calculator to decide what credit card is best for you and will help you save money.

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You will need good to excellent credit history to apply for a card with such long introductory period. Check your credit reports and credit scores before you apply. If your credit is good or excellent, you can apply for the Discover it® – Double Cash Back your first year card. The 0% interest introductory period […]

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If you feel like you can afford and manage the fourth card, you can apply for a credit card that fits your credit history. You can consider applying for a credit card with 0% introductory period on balance transfer and pay off the balance of one or two credit cards. For example, look at the […]

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