How to Find a Low-Interest Rate Credit Card
The mortgage meltdown in 2005 has had many repercussions for borrowers, particularly those with with less than stellar credit. As a result of borrowers taking on sub-prime loans that reset and could not be paid back, lenders have toughened up their position on low-interest rate loans and the same goes for the credit markets.
Low interest rate credit cards are not impossible to find, however. There are many companies online who focus entirely on mining the credit markets, banks and retailers’ credit card offers on a daily basis and publishing lists of credit card offers for you to review, which makes it possible to get all the details a card is offering without actually applying for the card itself.
This is important because applying for too many cards can actually damage your credit score. What many of these online companies will do is help you match your credit “profile” with hundreds of these various credit card offers and then, if you are interested, invite you to apply for those you most likely would qualify for.
By researching the various types of low interest rate credit cards online using these tools that mine news reports, bank and credit market industry data and other types of research, increases your chances of being approved for a low-interest credit card.
Is a low-interest credit card right for you? Low interest credit cards with low ongoing APR a good match for those borrowers who carry credit card balances over month to month. If you do begin your search for a credit card online using one of the many credit card search report companies available, you will find an abundance of different types of credit offers. These cards may come with introductory offers and balance transfer deals that cover a range of perks including:
· 24/7 access to personalized concierge service providing assistance in booking hotel, flights, concert tickets and much more
· Special access for card members to purchase presale tickets, preferred seating, VIP packages, and other entertainment packages
· $0 liability on unauthorized purchases
· Identity Theft Solutions
· No annual fee*
· Singing bonuses
These online credit card “shoppers” and reviewers will offer you various links to all kinds of possible credit card options that may or may not suit your lifestyle, spending habits and needs. You’ll be given ample opportunity to plug in various personalized data choices that identify you as a particular type of credit card consumer, such as whether or not you are a student, are looking for the card that offers the most mileage points for travel rewards, and even those that partner with retailers to offer you discounts and rewards at your favorite locations.
Most of these sites are free to you because they are listing information from many of the country’s largest multinational banks, small credit unions, and other credit card networks who may pay a listing fee. Just keep in mind that once you’ve signed up on one of these sites, that is registered for information with one or more of the card networks on the site, you have given over your information. Expect to get a barrage of e-mails asking you to fill out credit card applications.
That’s the down side, if it can be viewed as such. But considering the fact that your credit rating is dinged every time you apply for a credit card and looking for the lowest rates among the bevy of perks on offer, this online process really is one of the simplest methods for sorting through what credit cards offers are available.
Whether you are interested in a card for a balance transfer, to maximize airline miles, or support your small business, these online sites offer a quick and easy way to locate the credit card with the lowest interest rate or highest rewards for your own personal needs.
To know more about Compare Credit Cards please browse Compare Credit Cards
Processing your request, Please wait....
