Tips to Get Credit Cards with Low APR

APR or Annual Percentage Rate is one of the most important factors in selection of a credit card. However, a low APR should not be the sole criteria for selection of a credit card. This is because; typically a credit card may be accompanied by a number of other charges, which may far outweigh the benefits, derived by you, by way of a low APR.

However, in light of the recent economic crisis, most companies have drastically lowered their charges, to attract more and more customers. As it is, there are several ways, by which you can get credit cards with low APR.

The following are some of the ways, by which you can get credit cards with low APR:

1. The internet can be an important source of information, if you wish to get credit cards with low APR. You can surf through the internet and you will come across a number of offers, as far as credit cards with low APR are concerned. You can compare them and find out about the best deals, which are available to you. In fact, internet can furnish you with a lot of information, perhaps more than what you can even handle.
2. You can also directly approach credit card companies for this purpose. Try to negotiate your way into getting the best deal. This would also be very beneficial, as a lot many hidden charges would get revealed, which are concealed on the internet. Also, if you are a genuine customer, then in that case, by virtue of negotiations, you are likely to be benefitted with a favorable deal.
3. Another important aspect is your credit rating. For this, make sure that you are making all your payments on a regular basis on your existing debts. Avoid default in payment on all accounts. This would show readily on your credit score and help you in securing further loans. Do not wait for the last date for payment. Arrange for funds well in time and if possible pay up a greater amount than is required on your installments.
4. Also, make sure, to set up your budget straight and clear, and see to it that it is not reduced to a simple piece of paper. Spend according to your budget guidelines. Do not overspend, and never let your focus shift from the bare necessities. With this, you would be able to maintain a healthy credit record, which would enable to avail credit cards with low APR.

A low APR can be very effective in lowering the debt burden. However, a low debt burden does not in any way indicate your freedom from budgeting. Therefore, in your own benefit, make sure that you do not stray away into overspending, even with a credit card with a low APR.