credit cards

Finding the best credit card rates

It's easy to forget how important credit card rates are when you're being taken in by flashy advertising promoting a card's latest rewards. But with credit being tighter than ever and the health of the economy still in flux, not making this decision lightly is more important than ever. After all, depending on your financial situation, this may be the last credit card you apply to for awhile, so you want to keep your debt as manageable as possible. But how do you find the best credit card rates? We have some ideas.

Ask friends and family

If you think about it, one of the underrated advantages about social media sites is that you can use your personal connections as something of a brain trust. Ask them for recommendations for credit cards that have low interest rates. But ask them to send you recommendations directly. Given how we probably all divulge too much on social networking sites, no need for everyone to share with everyone what credit card they have.

Consider joining a credit union

There are a lot of good reasons to join a credit union, even if you aren't in the market for a credit card. Credit unions' credit cards many times have lower interest rates than banks.

And once you think you've found your perfect credit card, be sure to do your due diligence and make sure that this really is the right piece of plastic for you. For instance, by plugging in some numbers at Bankrate's credit card calculator, you can see how fast (or slow) it's going to take you to pay off your debt if you're transferring money to the card -- or put in some hypothetical numbers to get a sense of how helpful or hurtful these low interest credit card rates actually are.

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Product Rate Change Last week
Balance Transfer Cards 15.86% --0.00 15.86%
Cash Back Cards 16.37% --0.00 16.37%
Low Interest Cards 11.10% --0.00 11.10%
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