If you are looking to save money on credit cards then finding low interest credit cards is your best chance
. Generally those individuals with excellent credit ratings will be eligible for low interest on their credit cards. If you always pay off your monthly balance then you will not need to worry about the interest rate. However if you frequently carry a balance then you should pay attention to the interest that you are paying.
All of the major credit card providers will offer low interest cards. These tend to be linked to rewards programs which offer additional incentives. To find the lowest interest rate possible you should look into comparison websites that show you the different credit card options side by side. This way you can compare the rates, introductory periods and more.
If they refuse to lower your interest rates then they are required to provide you written reasons why they will not lower the interest rate. The interest rate is how companies make money so they will be resistant.
Many individuals try to get rid of debt using low interest balance transfers on low interest cards. However this is a scam. The low interest rate will only last for a short time and then the interest rate will increase. Many people will then do another balance transfer. This many transfers and new cards will adversely affect your credit score. This is not the way to get rid of credit card debt.
You may even be able to lower the interest rates on your current credit cards. If you have never missed a payment and have been with the company for along time then you should call up the credit card company to see about getting your interest lowered you the lowest available. Make sure you stress your past history as most companies will not want to do this, they make money off the interest. If they say no then they are required to provide proof of why they have denied this request.
Be careful of low interest balance transfers. Many individuals use this as a way to get out of debt. However the low interest period will only last for a few months and you will need to transfer the balance to another new low interest card.
To determine which is best calculate what you can save on a 0% interest rate introductory offer and then 1 year with the regular interest rate. Then calculate what you would pay for a fixed interest rate card. In the long run the fixed interest rate cards tend to provide more savings.