Sunday, 25 March 2012

Low Rates = Larger Savings

By Edward Gilbert


When selecting a Visa card, the interest rate should be the very first thing to consider. Low rates only mean one thing: more savings! The larger the balance of the account, the larger sum of cash will be saved. As more cash gets saved, additional money gets stored and more interests will roll in the bank account. Other mastercards firms have reasonable interest rates and offers more like giving the proportion of money back.

The more cash spent on credit, more cash will be returned to the card?s user. Most mastercards use 5% on special purchases and 1% on regular purchases. Some banks give Reward Points. These "Reward Points" collect as the Visa card is used and it may be exchanged for certain items catalogued by the bank. Points may be exchanged for microwaves, cellular phones, televisions and such like. This is one more great feature to be considered when looking for a card. Several major banks offer low IRs.

A few heavyweight banks would be: Citibank, Amex and JP Morgan Chase. These banks are known to give 0% introductory APR (Annual P.c. Rate) for 12 months. Many of these cards offer no annual rates. Here are some credit cards with low interest rates: Citi Dividend Platinum Select Card (Citibank) : -it features 0% APR (Annual Percentage Rate) for 12 months -it rewards the user.

The more this card is utilized, the larger the rewards. -earn 5% return from costs in supermarkets, drug stores and gas stations. -earn 1% return from other costs. Citi Premier Pass Card (Citibank) : -0% introductory APR. -get points by flying. Each mile gets you a point. Amex Blue Card (Amex) : -3.99% fixed IR. -0% introductory APR for 15 months.

Chase Cash And Visa (JP Morgan Chase) : -0% IR for 12 months. -has other money back promos. Chase Flexible Rewards Platinum Visa Card (JP Morgan Chase) : -0% introductory APR for 12 months. -a dollar spent equals a point. -no annual fee. Pulaski Bank Visa Master Card: -0% on balance transfers for 5 months -6.99% fixed rate -$35 annual fee Discover Card: -0% APR for the first 10 months. -$0 annual fee. -9.99% fixed rate of interest. These cards have the lowest IRs in the Visa card market today. These cards do not only offer low rates, but they also give certain rewards for the frequent users of the card.

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