SavingsTalk.com

einstein

I want to get a credit card, but I'm an unsure what a good interest rate is. Are there any credit cards that have interest rates in the single-digits? Thanks<br />

banelli

Pay it off every month, and the interest rate won't matter much.

DrTrade

This depends on the card issuer as well as your credit rating. A low can be as low as around 10% or lower and higher ones are around 18%. Also simply calling up your credit card company and asking for a lower rate often works. Even state that you have other credit cards which are offering a lower rate that is not an introductory offer.

BOB+

Don't carry interest on your credit card, that is a road that leads straight to bankruptcy!! Get a line of credit from a bank before you start carrying balance on a credit card. Remember that if you get a loan from a bank to be able to pay of a credit card, you will save money compared to what you pay the credit card company. Try to find a card that has rewards. Like cash back or air miles.

200pips

Hi,

Yes, there are a few. Check out http://creditcard.creditoverseer.info for some useful info and tips for finding a low interest credit card. Good luck!

General

You dont want an interest rate any higher that 9%,Pay the full balance monthly if its any higher.

200pips

the % rate on a credit card is really irrelevant because they are all too high. 1) if you have bad or little credit history you will pay the highest int. rate no matter what, &amp; 2) if you have a good credit history you may get low promotional interest rates but they are usually only for 6 months then it goes back up to loan shark status. you have to use credit cards with the intention of paying the balance off at end of each billing period so they can't charge you any interest at all. otherwise you can get yourself into debt in a hurry, especially if you pay the minimum payments - you will never pay it off. the credit card companies know this which is why they set the minimum payments so low.

say for instance you bought an item for $100. if you didn't pay it off at end of month 18% or $18 would be added to the balance. You would make the minimum payment which would be about $10. So now your balance is $108. Next month 18% would be added onto the $108, which would = 19.44 which totals $127.44 minus the $10 minimum payment &amp; balance would be $ 117.44. So, for a $100 purchase, at the end of 2 months you will owe $117.44 after you have made two payments. do you see how the balance just grows and grows whether you make payments or not. it's just not worth it.

dotjp

A good interest rate is 12%


you might want to go here to compare them, http://www.bestcreditrates.net

Frank

you never let make the minimum payments.
A good credit card?: It depends for what it will be used : I found interesting information about your answer &amp; the best credit card options here. http://all-debt-consolidation-loan.blogspot.com/2007/07/chase-credit-cards.html
Good luck!

broker

The possible lowest interest rate nowadays is actually 0% for a longer term like 12 months to 15 months. But it only lasts for that period of time because that's the introductory rate only. Other than the intro rate, the lowest rate possible is less than 10%. It's not good if you get higher than that. Pls visit this website, http://www.bankrate.com