How to Find the Best Low
APR Credit Cards
Low APR credit cards are much more prevalent than in years
Competition is stiff and credit card financial institutions offer many
nice perks, rewards, points, low annual percentage rates (APR) and other
inducements. They want to capture new customers who've never had a credit
card but also those who already have a credit card and might like to save
money by transferring that card's balance on to their new low APR credit
Of course, there is nothing lower in an APR than zero - and those exist
too, although sometimes for a limited time period. It may be that the
lowest, or even the zero percentage APR is for an introductory period,
after which the rate is higher. The permanent APR is what you want to
watch out for, of course.
Let's look at a few of the low APR credit cards out there, so you
what kinds of options are typically available to you.
Citibank, for example, offers low APR credit cards that give you
percent cash back on any purchase you making at grocery stores and gas
stations with your low APR credit card, and one percent back for any
purchase elsewhere. The APR on transfers is zero for the first year. If
your transfer transaction is at least $1500 you will earn $5 cash back
with the low APR credit card. There is no annual fee and the APR after the
first year is 12.24 percent.
processing rates can vary by company or by processor program. Some
companies charge no installation fee, while others require a one-time
cost of a few hundred dollars, depending on the programís complexity.
You may have to pay between 15 and 25 cents per transaction, or you
could opt to pay a monthly percentage for the entire amount of
business generated by your credit card processing unit; this amount
often falls below 2%.
It is always a good idea to compare rates among competing financial
institutions. If you really like the services offered by one merchant
account company but prefer the lower rates of a second company, tell
the first one about the competitorís lower rates, and perhaps the
first company will meet or beat the lower cost in order to get your
As you plan to set up your new
credit card processing service rates, it may help to let them know in
advance that this program is coming so they can prepare and perhaps even
help to get the word out to other potential customers. Then, after
installing your new credit card processor, you should not hear complaints
that anyone was blindsided or treated unfairly. If someone does complain,
politely remind them of the earlier notices.
No Matter How Low Your
Credit Score Is --Even With Past Credit Problems or Bankruptcy!
When you are ready to start processing credit card payments, donít be
tempted to go for the option with the most features or the most
sophisticated set-up. Opt for a system that will best suit your company
needs and your customersí interests, as well as offering the best credit
card processing rates.