MBNA, chase offering low APR credit cards
Presently, the APR on credit cards is steadily increasing, and there are lenders who are offering deals to people who have been able to handle their finances wisely.
The low APR credit card from MBNA is truly worth the offer, provided you qualify for it. The handling fee on this credit card is as low as 1.5% and the promotional APR is a meager 5.9%. According to MBNA’s product executive, Will Curley, this credit card will help customers save a lot of money and also help them efficiently manage their dues without falling prey to late payments. This is the best rate that is being offered by any other bank currently and also offers security and protection from identity thefts.
The Chase Freedom Visa credit card is another card that falls under the low APR category. With a variable APR of just 9.99%, this is one of the most sought after cards today. This card also offers interest free balance transfers, making it look even more attractive. In addition to the $50 cashback after you make the first purchase, this card also offers cashback of 1% on all subsequent purchases made. This card also offers a lot of rewards that the clients can choose from on a quarterly basis. Card holders will be given a straight 10% discount on all purchases made online using the card. On the flip side though, the late fees and over the limit fees are very high.
Latest Low APR Credit Card News
On March 25, Apple Announced their new Apple Card credit card. “Apple Card is designed to help customers lead a healthier financial life, which starts with a better understanding of their spending so they can make smarter choices with their money,” said Jennifer Bailey, Apple’s vice president of Apple Pay.
A new credit card made especially for small business owners gives Amazon Prime members extra cash back on purchases, as well as the ability to choose flexible payment terms in lieu of rewards.
When folks have multiple types of debt they’re trying to pay off, it can be difficult to know which check to write first. But for the many people struggling under student loan debt, it’s important to pay off other loans first, financial experts advise.
Online retailer Zulily is now offering customers a co-branded credit card that allows them to pay for purchases in three monthly payments. The card, issued in conjunction with Synchrony Financial, offers Smart-pay, which gives cardholders flexible payment options.
A new survey indicates that Americans are getting more comfortable with the idea of instant financing when they’re shopping online. Seventy-five percent of folks said they would choose to buy from an online merchant offering instant financing, rather than one that did not, if given the option. And 28% said they would switch stores if they could use instant financing to fund their purchase.