Okay, so you’ve found the best low APR credit card and now you’re ready to submit your application. How can you make the most out of your low interest rate card? In this article, let’s discuss some tips on how you can enjoy the best benefit of what your low interest card has to offer. Keep your interest low. You may notice that the ads often say “AS LOW AS ___ APR”. After the zero % introductory period, there are credit cards that maintain a low interest offer for their clients. Nevertheless, enjoying the lowest rate possible actually depends on how well you handle your account. If you’re consistent with your payments, you should be able to enjoy the lowest rate offer by your credit card. On the contrary, late payments and maximizing your credit limit may move your credit card company to raise your APR higher.
Take advantage of the grace period. The best low APR cards in the market must also come with a sufficient grace period. Unfortunately, many cardholders don’t even make use this provision. Instead, they choose to submit only the minimum due payment and carry their balance from one month to the next. But remember that paying off your entire balance within the grace period enables you to save from at least 8% to 11% from your charges. Even with a low APR card, why pay the interest, if you can avoid it by paying off your entire balance?
Find out more on: The Best Low Interest Rate Credit Card
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