Reduce Your Credit Card Debt
One thing is certain, if you carry a balance on your credit card from month to month you're throwing money away. If you can, pay off your credit card now but as for the rest of us that have other bills as well this is not always an option.
The average credit card Annual Percentage Rate (APR) is 14.29%. If your rate is higher than this and you have decent credit, it's time to look for another card. Even if you don't have the best credit you should always be looking for a lower APR...the lower your credit card APR rate is, the more money you save.
Find Out How Much You Can Be Saving
We'll show you how much you can save by applying for a lower interest credit card. Just enter your month to month balance and your current cards APR rate to see how much you can save if you carry a constant balance.
Low interest rate credit cards offer the best APR of any other card. This type of card will save you the most amount of money if you do not pay-off your credit card every month. Many cards can offer an introductory rate of as low as 0%. This is the best card to apply for if you are serious about saving money.
Rewards credit cards allow you collect points and receive cash back from the credit card companies every time you use your card. These points can be redeemed for airline tickets, gas cards, gift cards, or even a nice check in the mail. Be sure to compare the different rewards offered between different cards as the offers will vary. Rewards and cash back can be a great way to offset your monthly card expenses.
Student cards are designed for those with little existing credit that and do not require large credit limits. Student credit cards typically come with 0% APR introductory rates up to about 6 months. This can be an excellent way for new credit users to begin to establish a good credit history.
