Have your credit card balances gotten out of hand? You can get control of the situation with low interest fixed rate credit cards. However, many times consumers think of fixed rate credit cards as a fixed rate for the life of their credit card. Today, the majority of credit card companies view fixed rate credit cards as 0% for a specific amount of time, such as 6 to 12 months. Even though it isn't forever, a benefit to a credit card which offers a fixed rate for a period of months is that you can transfer your high-interest credit card balances to a low fixed interest rate card and experience significant savings on interest.
Seeking an escape from constantly rising variable interest rates and out of control balances? Low interest rate balance transfer cards can mean immediate relief. Get in control and know exactly what rate you’ll pay on your balances with fixed rate credit cards. Finding a lower interest rate protects you from rapidly rising interest rates. If you are paying over $100 a month in interest, you need to transfer balances on skyrocketing variable interest credit cards to fixed rate cards. Low fixed rate balance transfer cards give you the time you need to pay down your debt without the risk of rising interest rates.
Rising credit card interest rates can catch you by surprise. Avoid being kicked in the financial teeth. Popular low fixed interest rate cards help eliminate the surprises of variable interest. Low fixed interest cards can help you save hundreds, even thousands of dollars, if you currently have a credit card with a double digit interest rate (e.g. 15%). Because fixed interest rates must provide notice prior to a rate increase, you’ll have fewer surprises and be better prepared. There are plenty of fixed interest rate cards for a 12 month period from which to choose.
Owe more than you can pay off in a year? Transfer all of your high-interest balances to a low fixed interest card for immediate savings. There are balance transfer credit cards which will guarantee the low interest rate for the life of the balance. As a result, these can be considered fixed rate or interest credit cards. If you qualify, that’s the route to take. You’ll start saving immediately when you transfer all of your balances to a low fixed interest rate card.
Two cards that we like for transferring credit card balances to a fixed rate for 12 months:
For a balance transfer rate for the life of the balance, we like:
When you’re shopping for a fixed or low interest credit card, consider all of your options. The major areas to pay close attention are the APR, rate and term. Depending on your immediate needs, then see if the credit card offers a rewards program. Know your credit score before you begin or else sometimes you may not qualify for the introductory or fixed rate. For many cards, such as the Citi Platinum Select card you can get approval in less than 60 seconds.
| Intro APR: | 0% |
|---|---|
| Regular APR: | 9.99% |
| Annual Fee: | None |
| Intro Period: | 12 Months |
|---|---|
| Balance Transfer: | Yes* |
| Credit Needed: | Good |
Don't know your Credit Score? Click here
| Intro APR: | 0% |
|---|---|
| Regular APR: | 10.99% |
| Annual Fee: | None |
| Intro Period: | 12 Months |
|---|---|
| Balance Transfer: | Yes* |
| Credit Needed: | Excellent |
Don't know your Credit Score? Click here
| Intro APR: | 0% |
|---|---|
| Regular APR: | As Low As 11.49% |
| Annual Fee: | None |
| Intro Period: | Up to 12 Months |
|---|---|
| Balance Transfer: | Yes* |
| Credit Needed: | Good |
Don't know your Credit Score? Click here
| Intro APR: | 0% |
|---|---|
| Regular APR: | As Low As 7.49% |
| Annual Fee: | None |
| Intro Period: | up to 12 Months |
|---|---|
| Balance Transfer: | Yes* |
| Credit Needed: | Good |
Don't know your Credit Score? Click here
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