The best credit cards for interest rates are low interest credit cards. These cards have a low annual percentage rate. In order to qualify for these types of cards you will need to have a very good credit score. These cards are perfect for those that do keep a balance on their credit card. You will save a lot of money when using a low interest car compared to other credit cards.
You do not have to find special credit card companies to get low interests as all the major cards offer low interest. Many times this low interest is linked to rewards and other incentives. With so many different options available you should make sure you compare the many different offers. There are some excellent comparison websites that show what the different cards offer side by side.
The length of the introductory rate is what can be the big draw for low interest credit cards. The best cards are those that offer 0% introductory rate for at least a year. When the introductory rate is over you will be charged the normal interest rate, many times this is a variable rate. Make sure you completely understand how your interest rate is determined. Many people just notice the great introductory rate and then are shocked when this period is over.
You also should not ignore cards with a low fixed interest. Normally these cards will not come with an introductory period but over the low run you save a lot of money on interest, particularly when the normal interest fluctuates so much. See about calculating the amount of money you have to pay on interest for the different cards. Then choose the one with the best savings. Makes sure you extend the period past the introductory rate.
You may even be able to lower the interest rates on your current credit cards. If you have never missed a payment and have been with the company for along time then you should call up the credit card company to see about getting your interest lowered you the lowest available. Make sure you stress your past history as most companies will not want to do this, they make money off the interest. If they say no then they are required to provide proof of why they have denied this request.
Some of the best credit cards are those that have an introductory period of 0% interest for up to a year. Other cards will offer this but only for a few months. There are other cards that do not have this introductory period but will provide a low fixed interest rate. Make sure you understand the changes of the interest rate for each card. Many people get a nasty shock when the introductory period is over.
Doing a lot of low balance transfers and getting more new credit cards will have a negative impact on your credit score. You want to use the card to get yourself out of debt, not sink further.