How to Find and Qualify for Low Interest Credit Cards

Here are practical suggestions you can employ to find and eventually score credit cards which carry low annual percentage rates, or APRs:

  • Know what your credit score is by contacting the three major credit bureaus and by ordering the latest copies of your annual credit report. This step is crucial since your likelihood of qualifying for credit cards and loans, which come with low annual percentage rates, is actually tied to your credit rating.

Hence, you should do your best to keep your annual credit report free from errors and negative items, which could get in your way of receiving an excellent card program. And in case you encounter such entries in the documents you will eventually receive; find time to write and send letters of credit dispute to the firm that issued your credit files. That way, you can urge the employees of the firm to conduct thorough investigation on your claim and to make the necessary changes in your credit details.

  • Approach the officers of your bank. If you have an active savings or checking account with a nearby bank then, that’s where you should start inquiring about low-interest card programs. Bear in mind that your existing relationship with this organization can help boost your chances, not just of being granted the credit card you want, but also of receiving a line of credit that carries the best rate and terms.

A gentle reminder, though. You can only qualify for an affordable card account with your bank if you have been a client of the firm for at least two to three years. So, if you have just opened an account with it then, you might have to look for other card issuers that can grant your request for a low-interest credit card.

  • Visit credit card comparison sites. After all, such sites can help you compare not only the rates of interest imposed on various credit card programs, but even the other features that go with each line of credit. Keep in mind that the interest rate is just one of the many features of card accounts. In fact, we suggest you look into the credit limit, fees and charges, terms and conditions, and eligibility requirements imposed on several credit cards. In so doing, you can choose one that will most absolutely work to your advantage.
  • Drop by the site of your prospective card issuers and review the full terms and conditions of the low-interest credit card. This step is very important since most comparison sites today do not offer complete information about the credit cards they promote. So, to reach a sound decision regarding the credit cards you wish to use, it would be best to research on each program, before making up your mind.
  • Ask for referrals. Sometimes, your friends, colleagues, and immediate family members hold the key to credit card deals that will surely suit your needs, spending habits, and budget. So, why don’t you approach one of them and request for referrals to companies that can give you what you want?

For sure they will be happy to point you to the direction of firms that provide low-interest card accounts. In fact, they may even give you tips, pointers and suggestions that can help you qualify for one, right away.

About the Author

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

1 Comment
  1. hi i i am 48 year old and recieve ssdi and a private pension. i need the highest credit i can get. i need in total $6000 — so i really need the credit card asap. please help me if you can.

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NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

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