by : Peter Finch

Advertising low interest credit card is one way card suppliers use as an instant hook to entice potential customers. With the influx of charge cards, companies who supply them have mushroomed and the competition has grown stiff, prompting each company to come up with attractive offers to get in more clients.

Naturally, customers will be drawn to anything that gives them advantage for a lower interest. However, low interest rates should not be the only criteria customers should pay attention to when shopping for a credit card. Of course this is important but this should not be the only thing you will consider in choosing a credit card.

Let us look at the catch words credit card companies advertise to entice customers. The initial "APR" is composed of three letters which stands for "annual percentage rate" is and it is important for a customer to understand what this is. APR is the interest rate credit card suppliers use to calculate the interest on the balance in your credit account. If you pay your bills on time, there are usually no additional charges but if you only make a partial payment, you will have to pay a certain percentage as interest on whatever you owe the company.

This is an eye opener for customers. This stresses the point that if you will not be able to pay the full amount of your purchases every time it is due, you should look for a low interest credit card. This is important because it can help you by curtailing the interest you pay on your account balance and slowing its increase. If you have a card with a high APR, your debt will increase rapidly until you will be helpless and unable to pay it.

The low interest credit card is needed by a particular group of people but not all card holders need this kind of card. There are those people who only use the charge card for convenience in shopping. They want to avail of the advantages associated with having a charge card.

These are the people who want to be spared from the constant fear of carrying huge amounts of cash or worry that they do not have enough cash when they want to purchase something. They are the people who are not planning to pay purchases on installment but they intend to pay off their credit card bills in full on the date they are due.

With all the companies offering low interests rates, you need to shop for a card that best fits your needs. You can compare the offers and features of the different companies to get the best plastic money which you think meets your needs and requirements.

Spend time browsing through the financing companies that offer low interest credit cards before you pick out one that you think suits you. Choose wisely because you do not go applying for a card every day. You can enjoy full benefits of your plastic for a long time provided you know how to use it.