How do you pick the best low rate card offers?

Answered on September 30, 2010
Updated on September 30, 2010
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
Low rate card offers are being made by lot of credit card issuers to attract the right credit card customers. With the increasing competition, credit card companies are doing all that they can from high credit card rewards to low interest rates in order to convince the credit card customers, especially those who have the best credit history and highest credit rating. However, not all low rate card offers are beneficial, which means some of them could be tricky to pick up. The problem gets trickier for those who do not have excellent credit but have a fair credit. This is because low rate card offers are not the same for everyone and the benefits usually vary from one credit card customer to another. The first thing to check on to find out whether a low rate card offer is good enough or not is by checking the introductory rate and the final annual percentage rate. There are many low rate card offers, where the introductory rate is very low and attractive but after the introductory term is over, the APR shoots up suddenly way higher than what most other credit cards have been offering you. This is why it is important to check what the final APR would be as that is the rate that will concern you more, in case you have an outstanding due after the introductory period. Another thing to check would the introductory term which varies amongst credit card customers with different credit rating. Hence, while the introductory rate is valid for 12 months or more for those who have excellent credit rating, it could be valid only for 6 months for those with not so fair rating. Hence going through the fine print to find out if what you assume is right, is very important. Once you are assured of the introductory rate, the introductory term and the final APR, you also need to know whether the introductory rate is valid just for the balance transfers or it is valid on all purchases. The latter is always a very attractive option. While low rate card offers are always good, it is advisable to find out if there is an annual fee, a balance transfer fee, or any other such charges as they would more than wipe out the benefits of the low interest rate. This is important as it is not good for the credit rating to go balance transfers very often.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

User Comments about This Question


With an excellent credit score the process of choosing a card is fast and easy, everything is available to you. The best option for you is to pick a 0% intro APR card. These cards allow you to pay for dental works over time, during a period of up to 21 months. Check out our pick of the best low intro rate credit cards and choose the one that suits you most.
Click here and browse the low rate credit cards we have on offer. Consider 0% intro APRs on purchases and/or balance transfers and be sure to find the credit card right for you.
With this high credit score± and you may qualify for a credit card with low interest rate. We cannot tell you how low your interest rate will be because each card has its own terms and some cards come with a range of APRs. We would recommend you consider credit cards with low interest rate or a card with 0% intro APR. ±Credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any credit card product.

Have A Credit Card Question? Ask Our Experts

Help us personalize your results
Your Credit History:
Do you have checking account?
How long have you had a loan or credit card?
Have you ever been declared bankrupt or defaulted on a loan?
Have you been late on any credit card or loan in the last year?
* - marked fields are required to be filled
By submitting your question, you agree to the following:*
Here at we will answer all questions to the best of our knowledge and understanding, but we are not legally accredited professionals. We assume no liability for actions resulting from our advice and cannot guarantee the accuracy of information in all cases. Please seek appropriate professional or legal advice when needed.


There is a credit card for any credit and for any purpose. Whether you want to start building your credit from scratch or earn rewards on purchases, save on gas or travel for free, you can find a good credit card offer for that.