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Keep Credit Card Rates Low

Start by finding the right credit card for you. If you qualify for a better one, why start out with a credit card that offers poor terms.  “Pre-approved” credit cards may not offer the lowest interest rates and fees, so do some research on offers online where credit cards specify their terms and qualifying data. Then choose the card for your needs and circumstances. After making you purchase, pay by or before the due date. One late payment won’t cause massive damage but you will be charged a fee and you interest rate could raise. Automatic bill pay is there for a reason. It is money taken from your checking account and the day you choose and applied without you doing anything. Even is your account is in good standing, many creditors are reducing their credit lines. If you cause a reduction to your credit score, it may be enough of a reason for your creditor to raise you interest rate. If you want to keep your low interest credit cards, it is all up to you. Be smart.