If you typically carry a balance on your credit card, meaning that you do not pay the card off every month, then you’ll save money if you compare the interest rates on your credit cards, and get the lowest annual percentage rate available for your credit level. On a balance of just a few thousand dollars, a reduction of 5%, or even 10%, can amount to substantial savings over the length of time that you take to pay the balance off.
Plus, many low APR cards are offered with introductory rates to entice you to transfer balances from other, higher interest cards. Is it in your best interest to switch? Generally, it is, however, make sure that you read the fine print, and consider fees, if any, that will be charged on the transfer. Here are the best low APR credit card offers available right now: