How 0% APR or low interest credit cards can save you money on interest rate expenses

By Ben Woolsey

Many times, credit card companies offer a low "introductory" rate that will give you a low interest rate on a credit card for only a short period of time, usually 6 months. After that time the low introductory rate goes up to a higher fixed interest rate. The low introductory interest rates sometimes appear really good, but might actually cost you in the end. If you are planning to pay off the balance before the introductory rate expires, then credit cards with a low introductory APR or low interest rate can actually save you money.

However, if you plan to own a credit card for an extended period of time then a fixed low interest rate credit card might be right for you. With a fixed low APR credit card you know what your interest rate will be.

See also low interest credit cards to compare low APR credit card offers side by side.

Published: November 18, 2005

	Three most recent Low interest, zero percent cards stories: Buying a car with a credit card – Using a low interest credit card rather than a car loan to finance a car could be an option, as long as you are aware of what could trigger an increase in the card's APR ... How to avoid credit card fees – Keep interest to a minimum on low rate credit cards by paying bills on time ... Cut that high credit card interest rate down to size – Lower your credit card rates with these tips. Save money on interest ...

	CreditCards.com's newsletter Did you like this story? Then sign up for CreditCards.com’s weekly e-newsletter for the latest news, advice, articles and tips. It's FREE. Once a week you will receive the top credit card industry news in your inbox. Sign up now!