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[http://bestcreditcardrewardsoffers.com/ lowest interest rate credit card] The lowest interest rate credit card might be around 6% or maybe slightly lower. However the interest rate is not the only relevant factor in choosing one, and it is strongly advised that other details are considered carefully. One factor is that some offer 0% initial rate for maybe a year. This can be very beneficial and might be worth more than paying a slightly increased rate at a later date. This initial low interest, if applying to balance transfers, can be used to avoid paying interest on other debts, which can be a significant saving. Rewards are another significant factor, especially as they continue to increase in value. This increase in reward value is actually offset by the fees that are charged to merchants for relevant transactions, so affect prices overall and are not really the "free" benefits they might appear. However, any one consumer is not likely to be able to do anything much to change this, so might as well take advantage of what is on offer. Rewards can include cash back which might vary according to different categories of spending, as well as special discounts and deals on merchandise, free gifts and previews, preferential treatment, travel, hotels, or even payments towards a mortgage. Another factor to be careful of is that many lenders include a clause in the "fine print" that says they can change the rate at any time. So a card with unusually low interest might also be one more likely to raise the percentage soon. Some customers have been shocked when the percentage suddenly doubled. The current economic challenges make this much more likely than previously. Also keep in mind that different customers are given different details, according to their credit history and rating etc. So to really get the very best deal you can, work on your rating to improve it as much as you can before you apply for new borrowing. The lowest interest rate credit card might seem like the best deal, but as this article has shown, other factors should definitely be considered as well.
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