CreditCardGuru

Which credit cards have the lowest interest rates? If you have a credit card with a super low rate, post here and tell others about it so they can benefit.

Credit Card Forum has compiled a list here of cards with the best balance transfer interest rates as well as regular purchase APR. (To be transparent, we may have financial ties to some companies listed.)

bozell

at least credit card companies are being FAIR with their interest rates! meanwhile banks try and charge us 7% for a SECURED loan like a home mortgage but credit card companies will give it to us for 7% only.

Multi-Purpose

I was watching CNBC and it doesn't sound like the fed is gonna raise interest rates for the rest of the year. woo-hoo that means credit cards with the prime rate wiill stay low. Don't know why I'n happy about that i don't even got a balance hahaha

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JEFF COGA

As they say the Feds are stuck in a rock and a hard place... if they keep interest rates artificially low, they are at risk of inflation (I know you feel it at the grocery store, gas pumps and etc)... if they raise interest rates to fast... they may cause deflation.

Do not be too happy... we are in un-charted water... some economist will compare our current situations to thee economy to Japan (they had deflation and had a what they call "lost decade") OR some economist compare our current situations to the economy of Argentina with hyperinflation...

We have too much consumption and borrowing with not enough production and saving... the American consuming at 70% consumption while yes we are in a recession but we need this to cure our economy... I believe the The actual problem with the credit bubble is the fiat currency or the monterey policy... only time will see...

bozell

but wouldn't deflation or low inflation be good after all this high inflation we're having now?

i saw buffett and the guy from blackstone are coming out a with a video documentary about the government's debt crisis. i think it may already be out, does anyone know anything about this?

JEFF COGA

The Fed chairmen cannot raise interest rates to stop inflation like vaulker did in the past because of the sub prime. Deflation is far worse then inflation. Just keep in mind this year alone the Feds has doubled our national deficits... because of the greedy investors and bankers who profited millions and millions Why is it that every reward is individualized while losses are socialized? The dollar is becoming weaker and weaker and I have never seen anything like this in the stock market. Oil/gold goes up - dow comes down and vis versa. No stability what so ever... But back to the inflation situation... I do believe inflation is a hidden tax to the people. We're having a dollar crises and majority of Americans do not know whats going on. We're in big trouble if the feds bail out freddie/fannie, lehmans, citi, etc etc...

oh, and the video I think you're referring to i.o.u.s.a. - I'll wait until I can get copy online.

sunflowertc

I'm trying to find the best way to pay off a credit card with the worst credit card company I've ever dealt with. I transferred $5000 to another credit card but still have about $10,000 to transfer. I have a few options and was wondering which was the best. One is 0% until 10/09 then goes to 10.9%. Or they'll do 5.99% until 4/10 then goes to 10.99%. There are two more that I'm not positive I can get but one offers 7.99% fixed and the other offers 0% until 10/09 then goes to 8.9%. Can someone help me figure out my best options?

fffresh

I always recommend going with the option for the least amount of interest as long as the duration is a year or more. In this case that would be 0% until October of next year. You're better off paying no interest while you pay down that balance. When 10/09 rolls around you can always transfer it again to another 0% promo for another year.

KC95

b.t.w. i got that card mentioned at the top with 6.5% in the mail on friday..... this should save me quite a bit right now.

kiboko

How is that lenders like Bank Of American can JUSTIFY CHARGING 15% AND UP TO ALMOST EVERY CARDHOLDER? Something need to be forced to make EVERY LENDER give FAIR rates!