Credit Cards By
Bank/Issuer
There are different types of credit cards:
Standard Credit Cards Standard credit cards
are the most typical type of credit cards. These are unsecured
credit cards that are readily available from most banks and
financial groups. These types of cards vary in how the annual
percentage rate (APR) is offered or calculated. Here are
several examples: Balance Transfer Credit Cards
Balance Transfer Credit Cards are designed
to allow consumers to transfer a higher interest credit card
balance onto a credit card with a lower interest rate, thus
saving them money in interest charges. For example, if you
transfer a balance to a credit card with a low introductory APR
of 0%, the APR for this balance will typically stay at this 0%
interest level for a specified period of time, thus potentially
saving the consumer hundreds of dollars in interest charges.
The terms of balance transfer credit cards can vary between
offers, so be sure to thoroughly read the terms and conditions
for each specific card.
Low Interest Credit Cards Low Interest
Credit Cards offer either a low introductory APR that changes
to a higher rate after a certain period of time or a low fixed
rate APR. For example, you may get an introductory APR credit
card with an interest rate of 5% for the first six months and
10% thereafter. Then, for the first six months, any purchases
or balances you carry will be only charged a 5% annual interest
rate. However, any new purchases or balances that carry over
after the six-month period will now be subject to a 10% APR.
Many people take advantage introductory APRs to make larger
purchases, so that they can take several months to pay them
off. Low APR Credit Cards can help save consumers a lot of
money on interest charges. However, be sure to read all the
terms and conditions of the reduced introductory rate, so that
you will not be penalized by fees or accumulated interest.
You can find various deals on Credit Cards by
Category.

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