What is the best/lowest interest credit card available?

[dxkj]

Looking for a really good credit card to apply for (actually my wife). She has outstanding credit, and wants to get a new card. Anything with rewards is a plus, but extremely low interest rates and no annual charge is the main key.


thanks

 

[dxkj]

been about an hour, if there are no takers I will let it die 🙂

 

[DaWhim]

my financial planning teacher used to advertise his discovery cc. it gives him back 1% cash back for everything he purchased.

why it has to be lowest interest? you shouldn't carry a balance at all.

macy credit card seems charge you the most for the APR. 35% maybe.

 

[Hammer]

does she want to get rid of her outstanding debt? discover gold has a promotion right now for 0% apr on balance transfers through dec, and 0% through the life of the loan as long as you use your card twice a month after dec. very sweet deal.

 

[DaveSimmons]

<sermon>
My cards all have a 0% interest rate since I don't carry a balance. Since even the lowest are 9-10%, carrying a balance is a really bad idea compared to living within your means.

Carry just an average $1,000 balance and you're missing out on $100/year or more that you could either save or spend on something you want instead of giving it to the CC company.

Many people who carry a balance find that it creeps up and up until finally they're going even deeper in debt with consolidation loans or bankruptcy.
</sermon>

 

[Torghn]

Rewards are only good if you don't carry a balance. The 1% back is easily eaten up if you carry ANY balance at all (though a 0% intro APR card with rewards is good during the intro period, ie Blue Cash).

As a side note I just got a 7.9% fixed APR card that is 0% for the first year.

 

[dxkj]

Originally posted by: Torghn
Rewards are only good if you don't carry a balance. The 1% back is easily eaten up if you carry ANY balance at all (though a 0% intro APR card with rewards is good during the intro period, ie Blue Cash).

As a side note I just got a 7.9% fixed APR card that is 0% for the first year.

which card was that?


Yes, of course its best not to carry a balance, but why not find a card with the lowest interest rate possible in case a big purchase is ever needed to be made?

 

[Torghn]

Mine is just a normal Platinum Visa from Bank of America. I'm not sure if it's advertised on their web site or not, I just got the offer in the mail.

 

[dxkj]

I've found MBNA accounts to be best. The online web statements, etc are extremely clear and easy to workout, compared to my Discover card account.

 

[FoBoT]

http://cardweb.com/

 

[dartworth]

Try Pulaski Bank

 

[amnesiac]

I had an offer from Citibank the other day for a FIXED 4.99% card (not a promo rate) with $7000-20,000 limit.