Home - About - Contact     Review credit cards, vote for the best credit card, learn from others about credit card rewards, benefits, cool perks and more.     Search     Register    Profile    Check private messages    Log in  Shopping for Low Interest Rate Credit Cards!?           Forum Index -> Best Low Interest Credit Cards View previous topic :: View next topic   Author Message creditmix U POSTER Joined: 07 Feb 2008 Posts: 55 Posted: Mon Mar 03, 2008 11:44 pm    Post subject: Shopping for Low Interest Rate Credit Cards!? Hello, dear forum users! In today’s market low interest rate credit cards are easily found online, as well as on creditcardmix.com! All of those web sites offers relatively similar deals from the same card issuers. However, there are definitely some features you need to know or be aware of and avoid if possible. Under this topic we want to ask you to share on what features you pay your attention when shopping for a new Low Interest Credit Card? Back to top Steve B Joined: 06 Feb 2008 Posts: 46 Posted: Tue Mar 04, 2008 4:33 pm    Post subject: I don't know guys if you've heard about universal default? Universal default is a buried clause in the fine print of almost all low interest rate credit cards. It basically says that if you are late on payments they can jack up your rates at will. The scary part is that they can use your payment history from other accounts to enact the clause. Say for instance if you co-signed for a car with someone and he misses a payment you can be penalized, harshly. Interest rates can nearly triple when this clause is enacted. So your card wol't ne a Low interest credit card any more! DISCOVER® MOTIVA CARD Intro APR: 3.9% Reg APR: 10.99% Annual Fee: None Back to top bigD Joined: 05 Feb 2008 Posts: 50 Posted: Tue Mar 04, 2008 5:01 pm    Post subject: Hi, When Iam looking for low interest rate credit cards I am aware of fees, fees, and more fees! A lot of market low interest rate credit cards will charge a hefty fee to cover their expenses. This is because most people that can qualify for a market low interest rate credit card pay their balances in full each month. Usually low interest credit cards have annula fees, but what about OTHER FEES? Account set up fees, monthly fees, over the limit fees, late fees, additional card fees and a host of other fees. Honestly look at your spending and payment habits and the possible fees you might incur. It could make the difference between a good deal and a bad one. My choise is: BLUE CASH® FROM AMERICAN EXPRESS Intro APR: 0% Reg APR: as low as 8.99% Annual Fee: None No annual fee! Back to top nima Joined: 04 Feb 2008 Posts: 16 Posted: Wed Mar 05, 2008 11:48 am    Post subject: Quote: When Iam looking for low interest rate credit cards I am aware of fees, fees, and more fees! A lot of market low interest rate credit cards will charge a hefty fee to cover their expenses Low interest credit cards are kind of tricky! When i see low APR on the card promotion, I think that there is supposed to be a trap somewhere... Forexamle, almost all of American Express cards have low APR, but most of them charge annual fee. But I have to agree, it is better than have 20% APR. Do you know if Discover charge annual fee, I know that their APRs are low too? Back to top Steve B Joined: 06 Feb 2008 Posts: 46 Posted: Mon Mar 10, 2008 10:01 pm    Post subject: There's no perfect one-size-fits-all low interest credit card, as different consumers have different needs. According to SmartMoney magazine the best card for those seeking cash back: Citigroup's Citi Dividend Platinum Select MasterCard. And it recommended the best card for travel: Citi PremierPass MasterCard. And one for rewards: American Express' Preferred Rewards. For all of those credit cards you can apply on creditcardmix.com Back to top Display posts from previous: All Posts1 Day7 Days2 Weeks1 Month3 Months6 Months1 Year Oldest FirstNewest First          Forum Index -> Best Low Interest Credit Cards All times are GMT - 6 Hours Page 1 of 1   Jump to: Select a forum General Credit Card Topics----------------General Credit Card DiscussionsCredit Card ReviewsCurrent Credit Card PromotionsCreditCardMix Visitor Feedback and InputCredit Card Consolidation Best Credit Card Offers----------------Best Low Interest Credit CardsBest Balance Tansfer Credit CardsBest Instant Approval Credit CardsBest Reward Credit CardsBest Cash Back Credit CardsBest 0% Credit CardsBest Cash Advance Credit CardsBest Airline Credit CardsBest Cash Back GAS Credit CardsBest Business Credit CardsBest Student Credit CardsBest Credit Cards for Fair/Bad Credit Technical Questions----------------Questions & Answers  You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum CreditCardMix © 2007-2008