These days, it seems like credit card companies just can't stop
battling each other for new customers by offering competitive rates on
credit cards and balance transfer offers. You may have even received
an offer for a low interest credit card in the mail recently. Low
interest credit cards offer extremely low rates of interest on balance
transfers from other credit card or new purchases over an introductory
period. Some providers of low interest credit cards will even go so
far as to charge you 0% interest for an introductory period of one
year.
When the introductory period is over, most providers will bump the
interest rate back up to a higher one in the hopes that the customer
will stick with the credit card and continue making purchases at the
adjusted higher rate. Because of this, many people will immediately
disregard low interest credit cards as nothing more than a marketing
trick credit card companies use to lure in new customers. But that
isn't always the case. The fact is, transferring your credit card
balance from one card to another card with a low interest introductory
period can result in some very attractive interest savings. The same
can be said about financing purchases with low introductory purchase
rates. But you have to be wise about it and you must not let the
credit card company outsmart you.
Best Low Interest Credit Cards Canada:
http://www.cma1.ca/665