GOBankingRates

All you need to Know About Credit Cards

credit card can be a helpful tool in managing your monthly finances, or an entrance into overwhelming debt when used improperly. Credit cards are great for building credit, handling big expenses and earning rewards, but it's important to pay the balance in full and on time, or else you'll be faced with interest charges and fees.

Aside from using credit responsibly, seeking out the best credit card offers can help you keep your balance under control and ensure you don't get in over your head with credit card charges.

Learn more tips about how to get the best interest rates for credit cards that will help you save money on interest charges each month.
Average credit card rates tend to fluctuate over time, but generally hover around 15% APR. Knowing the average credit card rates when you're applying for a card will help you determine whether you're being offered a competitive rate or not. Keep in mind, your credit affects the interest rate you're offered, and having very good – or very bad – credit means average credit card rates may not apply to your situation.

The best credit card rates are reserved for people with positive credit histories and scores. Generally, a fair or poor credit score will prevent you from obtaining the best credit card offers – poor credit makes you a risk to creditors and they will usually charge a much higher interest rate to compensate for that risk.

Before filling out a credit card application, perform a credit card rates comparison that examines several cards from several companies.

Credit card rates comparison is an important step in choosing the best card for you, but it should not be the only one. In additional to the best credit card rates, you should also be looking for other positive qualities and credit card promotions of a card.

Many cards also offer generous credit card rewards in the form of points, cash back or airline miles. If you're a frequent traveler, for instance, finding a credit card that lets you earn miles might be you highest priority (in addition to finding low credit card rates, of course).

No matter what type of card suits you best, comparing many of the best credit card offers from different companies to locate the best credit card rates and perks is essential in making a credit card helpful, and not harmful, to your financial situation.

Find the best Credit Card Rates in your Region or State:

Best Credit Cards Rates

Most Read Credit Cards Articles

3 Credit Card Benefits You’re Paying For But Not Using

There's no line-item on the bill showing how customers pay for each benefit, but these services cost issuers money, and that money comes from its customers.

Read More »

5 Credit Card Hacks That Help You Save Money on Everything

Get more out of your credit card rewards with these "card tricks."

Read More »

7 Weirdest Things You Can Buy With Credit Card Rewards Points

Become a guitar god. Take home a piece of baseball history. Break the speed of sound.

Read More »

How Fort Lauderdale Residents Can Benefit From a PriorityONE Visa Secured Card

Have bad credit? This card could fix that.

Read More »

Secure Back-to-School Savings With a LA Federal Credit Union Visa Card

LA Federal Credit Union can help reduce your back-to-school costs.

Read More »

How to Get a Credit Card After Being Rejected

Who are you going to call?

Read More »

6 Great Low APR Credit Cards From PenFed

These cards will make covering expenses easy in New York.

Read More »

4 Credit Card Offers That Are Nothing but Marketing Gimmicks

For those of us that can pay our bills on time, rewards credit cards are a great way to get something for nothing. It feels pretty good to earn airline miles or cash back just for making your daily purchases. However, it takes more effort than you might realize to make sure you’re getting the most...

Read More »

How to Find Low Credit Card Rates

After you’ve cleaned up your credit and are considered to be a prime credit customer, locating low credit card rates is all about comparison. Just because you qualify for the first card you apply for doesn’t mean it’s the best one for you. Before filling out a credit card application, perform a credit card rates comparison that examines several cards from several companies.