Credit Card Interest US

By: EconomyWatch Content   Date: 29 January 2010

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Credit cards are a profitable product for issuers because of the interest and the other activity-specific surcharges that they charge. Though, a consumer, to varying degree, can escape the surcharges, it is the interest rate that often makes a small debt into a bigger balance. That is why interest becomes the deciding factor at the time of picking a credit card in USA.

Picking a Credit Card with Low Interest in USA

The interest rate is the most important factor for consumers when they want to opt for any credit card. Other factors must also be considered such as default penalties, balance transfer fees, annual fees and introductory periods.

Based on an all-round assessment of these factors, the following credit cards offer lower interest rates and numerous value-added services as well:

·        Chase Freedom credit card: With no annual fee and an attractive 20% cash back facility at select merchants when shopping online, Chase Freedom card gives freedom indeed from the other surcharges. With an interest rate as low as 12.99% and free 6 months introductory period, the card scores high on the list of credit cards with low interest in US.

·        Capital One No Hassle Miles Rewards: The card comes with no annual fee and an annual interest rate of 13.90%. The card offers mile points for every dollar spent and there is no limit on the number of miles one can accumulate every month. The best part is that there are no black out dates. So, one can fly as and when needed without missing mile points.

·        Capital One No Hassle Cash Rewards: One can get as much as 2% cash back on gas purchases and use this card at foreign locations without any surcharges. The card however charges an interest rate of 14.9% annually and offers balance transfers at surcharges as well.

One can also consider Discover More card that comes with an attractive 5% cash-back facility when looking for credit cards with low interest rate in USA. Also, be aware of your shopping habits when looking for credit cards. Remember, reward points or cash back can help in offsetting a decent portion of the balance easily.


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