It seems that many people think that all credit cards come with high interest rates. All you hear about on the news is credit card companies ripping off their customers with high rates and fees. These stories represent what happens to about two percent of the population. Many people earn those high rates because they made late payments which broke the guidelines of the credit card agreement. When this happens it will change to what ever was agreed upon hence kicking in the higher rates.
Getting a low interest credit card is easy to do. The companies that issue cards are begging for your business. They want you to become a customer of theirs because they know most people stick with the same card for a lifetime. If they need to give you a low apr credit cardfor the first year to make you a life long client then that is what they are going to do. Most financial institutions offer products like mortgages, mutual funds, and checking accounts besides just credit cards. They make most of their money on those as the card is to get you in the door.
You can practically find a low fixed rate credit card application blowing in the wind as the mailing list is huge. Every company out there probably has over a dozen to choose from with different rewards programs to go with it. Take the time to find the right one as you will probably keep this card for quite awhile. If you cannot get approved on one particular card because of bad credit or even not enough credit just keep on trying. There are companies that specialize in extending credit to people with lack luster credit profiles. It is common to receive an offer with a zero percent interest rate for the first year. The rate will remained fixed for the entire introductory period as long as you make your payments on time. It is really that simple.
Do not listen to the news or people who say that all credit cards have high interest rates. Many of those stories are about people who have no clue how interest rates work. There is one way to not pay any interest at all which is always over looked. When you get your bill, pay the whole thing off. This way it does not matter what the rate is.