How to Comparison Shop for the Lowest Credit Card Rates
It’s easy to find someone who wants to give you a credit card, but you have to be smart to get a good one. And a good credit card is the best credit card that fits your needs with the lowest credit card rate. Now, let’s get smart about comparing credit card offers and credit card rates.
Always take a look at the Schumer box. What’s that? By federal law – sponsored by Senator Charles Schumer – all credit card offerings have to include a box that includes nine different kinds of information about the card. This box will appear on the back of the letter offering you credit, or on another sheet of paper enclosed in the same envelope from the credit card company.
Here are the nine kinds of information specified that will allow you to compare one offer with another.
The Annual Percentage Rate or APR. This is confusing because card issuers can have introductory credit card rates that become a higher standard rate. And then they can raise the rate if you miss a payment. They can also charge different credit card interest rates for purchases, credit card balance transfers, and cash advances. Most credit cards have variable rates. Make sure you know what the variance is based upon. Assume that you just can’t compare the APRs on two credit cards because there is a story behind the numbers.
The Credit Limit. The credit limit tells you the total amount of credit that you have. Know what’s best for you. A low credit card limit may be good for you if you are undisciplined in your spending and need to be reined in. A high credit card limit is good for your credit rating if you do what you are supposed to do and always keep the balance under a third of your total available credit.
The Grace Period. This is the number of days you have to pay your bill in full without getting a finance charge of you have a zero balance on the credit card.
The Finance Charge. This is the dollar amount you pay to use credit, and it depends in part on your outstanding balance and the annual percentage rate (APR). Credit card issuers use different methods to calculate your outstanding balance. Your outstanding balance may be calculated over one or two billing cycles; including or excluding new purchases in the balance and by using the adjusted balance, average daily balance or previous balance. Most all credit cards have a minimum monthly finance charge.
The Outstanding Balance Computation. As we said above in the section on finance charges, cards use different methods to come up with your outstanding balance. You may read it and scratch your head, but makes sure that you read it.
The Actual Company Offering You Credit. Sometimes this is not the same company who is marketing the card. If you recognize one name and not the other, it may make a difference.
The Annual Fee. Some cards require a fee to be paid every year. Why? Because they can. If you can get a card without an annual fee, get one. You’ll probably save at least $50 a year.
The Minimum Payment. Different issuers use different calculations to determine the minimum payment. It’s good to know what the minimum payment is, but if this become important to you, you are struggling. If you are only making minimum payments you are probably paying a lot in finance charges.
Fees for Credit Insurance. In addition to the credit card, companies also try to sell you insurance for a lost card, or insurance for disability, or insurance to pay your balance in the event of your death. Most of the time insurance isn’t necessary, but if you are interested be sure you know what it will cost.
In addition to the items appearing in the Schumer box, you may have other interests in a credit card. If you have good credit you may qualify for a low rate credit card with reward points. Rewards cards can include cash rebates on purchases, online account access, frequent flyer miles, additional warranty coverage, car rental insurance, travel discounts, concierge services and more.
It always makes sense to pay attention to the details of the credit cards you apply for in order to obtain the best credit card with the lowest credit card rate.
Lowest Credit Card Rates Review Wyndham Rewards Visa Card
The Wyndham Rewards Visa credit card is a travel rewards Visa card issued by Barclays Bank. This credit card offers a variety of reward options but focuses on rewards that involve purchases through Wyndham Resort properties. This credit card works best for travelers who frequent the Wyndham Resort collection of hotels and motels.
The rewards credit card comes with two options: one with annual fee of $39.00 and the other option with no annual fee. The annual fee card option will earn reward points faster than the no annual fee option.
The rewards earned with the credit cards can help card holders earn free nights at the over 6,000 Wyndham hotels. With the Wyndham Rewards Visa credit card, cardholders can often earn and use credit card reward points that involve Wyndham hotels faster than they could with most other reward credit cards.
The annual fee Visa card holders can earn five points for every $1.00 in purchases on participating stays at Wyndham hotels and two points for every $1.00 in purchases spent on all other purchases. The no annual fee Visa card holders can earn three points per $1.00 in purchases on participating stays at Wyndham hotels and two points per $1.00 spent on all other purchases.
As a bonus for new credit card holders, the annual fee Visa credit card holders will earn 16,000 bonus Wyndham Rewards Points upon the first use of a new credit card for a purchase or balance transfer transaction. The Wyndham Rewards Visa credit card without an annual fee will earn 12,000 bonus Wyndham Rewards Points upon the first use of a new credit card for a purchase or balance transfer transaction.
This bank credit card has a variable credit card rate that is based on the Prime Rate. The current credit card rate for purchase transactions will be 13.24 percent, 16.24 percent or 19.24 percent depending on the credit worthiness of the credit card applicant.
The credit card is being marketed with a zero percent introductory credit card rate on balance transfers. The zero percent introductory credit card rate is valid for a period of six monthly billing cycles for new credit card balance transfers.
The credit card due date is at least 23 days after the close of each monthly credit card billing cycle. There are no interest charges on purchase transactions if the entire credit card balance is paid by the due date each month.
Credit card reward points that are earned with the card can be redeemed at the Wyndham hotels and includes free nights without any black out dates in both the US and in Canada. Credit card reward points can also be redeemed to get airline tickets, gift cards at major retailers, restaurants and more.
The credit card review the Wyndham Rewards Visa credit card is believed to be accurate as of this publication date but is subject to change at any time by the credit card issuer. Read the current terms and conditions found on the online credit card application before applying for a new credit card.
Lowestcreditcardrates.com presents this review and other credit card information to help consumer’s research credit card offers to help find the best credit card with the lowest credit card rate.
Lowest Credit Card Rate with Dollar Bank Visa Credit Card
The low rate Dollar Bank Visa credit card comes with a low standard credit card rate as well as a zero percent introductory credit card rate offer. Dollar Bank of Pittsburgh offers this bank Visa credit card.
The Dollar Bank Visa credit card made the current list of terms on credit card plans offered by financial institutions performed by the Federal Reserve System. The list is established based on the results of a survey performed every six months by the Federal Reserve System on current credit card plans and is sorted by the lowest credit card rates in the survey.
Dollar Bank is a regional savings bank serving Pennsylvania and portions of Ohio
The credit card is currently promoted with a 0 percent introductory credit card APR that lasts for a period of six months. The introductory credit card rate applies to both purchase transactions and credit card balance transfers. After the introductory period expires, the credit card rate is set by adding 5.99 percent to the Prime Rate.
This is a variable rate credit card and the APR will vary with the market based on the Prime Rate. The bank Visa credit card has no annual fee.
At the current Prime Rate, October 2010, the credit card rate is equal to 9.24 percent. The credit card APR for credit card cash advances is 14.24 percent. The credit card rate for cash advances is determined by adding 10.99 percent to the Prime Rate.
The credit card has a grace period that is 25 days at the end of the billing cycle. There are no credit card interest charges on purchase transactions or balance transfers if the entire balance is paid by the due date or within the grace period each month.
Added conveniences that come with the credit card include the ability for account holders to view and pay their bank Visa account online with Dollar Bank’s free online banking service and the option to use Visa checks to make purchases on from the credit card account where credit cards are not accepted as well as for credit card balance transfers from other higher interest rate credit cards
As with most bank Visa credit cards additional credit card options include: auto rental collision damage waiver, emergency credit card replacement and cash disbursement, lost or stolen credit card reporting, zero fraud liability, Visa card assistance 24/7, optional credit life insurance and more. Certain conditions and restrictions may apply.
The Dollar Bank Visa credit card has a fast and easy credit card application that can be completed by mail, phone or online.
The credit card review of the Dollar Bank Visa credit card is believed to be accurate as of this publication date but is subject to change at any time by the credit card issuer. All credit card information is presented without guarantee. Before applying for a new credit card, read the current bank credit card terms and conditions that can be found on the online credit card application.
Lowestcreditcardrates.com present this information and other credit card reviews to help consumers research credit card offers to help find the best credit card with the lowest credit card rate.
Dollar Bank is based in Ohio and operates more than 60 bank branch offices and loan centers throughout the Pittsburgh and Cleveland metropolitan areas.
Town North Bank Platinum MasterCard Lowest Credit Card Rate Review
One of the lowest credit card rates available today comes from Town North Bank with their Platinum MasterCard credit card. This bank credit card has a credit card rate that can be as low as 7.99 percent with an introductory credit card rate as low as zero percent.
The credit card rate is a variable rate that is based on the Prime Rate. The rate can be as low as 7.99 percent but may run as a high as 15.99 percent, depending on the credit worthiness of the card applicant. The 7.99 percent credit card rate makes this card one of the lowest credit card rates on the market.
The introductory credit card rate may be as low as zero percent or may be 2.99 percent or 4.99 percent depending on the credit worthiness of the credit card applicant. The introductory credit card rate applies to both purchases and credit card balance transfers. The introductory credit card rate applies to transactions made within the first six months of obtaining a new credit card from Town North Bank.
The credit card rate for cash advances is currently at 17.99 percent or 23.99 percent depending on the credit worthiness of the credit card applicant.
There is no annual fee with the Town North Bank Platinum MasterCard credit card.
This Town North Bank credit card has a due date or grace period that is at least 21 days after the close of each billing cycle. There are no credit card interest charges for new purchase transactions if the entire credit card balance is paid in full by the due date each month.
The following benefits are also available with the Town North Bank Platinum MasterCard credit card account: $1,000,000 travel accident insurance coverage, baggage delay benefit to purchase replacement items, fraud alert credit card registration, emergency message service when traveling within the U.S. year end summary of credit card transactions and more.
The bank credit card also features secure online credit card account access that allows credit card account holders the ability to view statements and activity, make free online credit card payments and access 24 hour service.
Town North Bank is based in Dallas, Texas. Town North Bank offers banking, investments, insurance, and card services for both personal banking services and commercial banking solutions.
All information regarding the Town North Bank Platinum MasterCard credit card account is believed to be accurate at the time of this publication but cannot be guaranteed, please read the current terms and conditions of the credit card issuer before applying for a new credit card.
Lowestcreditcardrates.com provides credit card information on the lowest credit card rates available and additional resources to help consumers select the right credit card to fit their needs.
The Second Lowest Credit Card Rate Review
It may not have the lowest credit card rate available, but the BBVA Compass ClearPoints credit card rate is certainly among the lowest credit card rates on the market. The BBVA Compass ClearPoints credit card is a Visa rewards card with flexible credit card reward program that issued by BBVA Compass bank.
The credit card APR is a variable rate that is currently between a low rate of just 7.24% to 20.24%, based on the creditworthiness of the card applicant. The credit card APR will vary with the market based on the Prime Rate.
The credit card also has an introductory credit card rate for both credit card balance transfers and credit card purchases. The introductory credit card rate for purchases is at 1.99% APR and will apply to ne w accounts for the first six months. The introductory credit card rate for credit card balance transfers is currently between 3.99% to 5.99% APR and will apply to ne w accounts for the first one year. The introductory rate on balance transfers is dependent on then the creditworthiness of the credit card applicant.
The BBVA Compass ClearPoints credit card has no annual fee.
The credit card due date or grace period is at least 25 days after the close of each billing cycle. There are no interest charges applied during those days for purchase transactions if the account holder pays the entire credit card balance by the due date each month.
The credit card comes with the CompassPoints rewards program. CompassPoints is a no fee credit card rewards program available on the ClearPoints credit card and is also available for BBVA Compass account holders with BBVA Compass debit cards, credit cards or the Simplified Line of Credit (LOC) account with the bank.
With the rewards program, bank credit card holders can earn 1 point for every $1.00 in net purchases. As a flexible credit card rewards program, credit card holders are able to choose different reward types, such as travel, points, or other options.
Accumulated credit card points can be redeemed for a variety of rewards such as name brand merchandise, gift cards at retailers, travel options with Orbitz.com, as well as for hotels, rental cars, cruise certificates and more.
The grace period or due date listed for the BBVA Compass ClearPoints Visa card is at least 25 days after the close of a billing cycle. There are no interest charges on credit card purchases when the credit card balance is paid in full before the grace period expires.
The credit card review of the BBVA Compass ClearPoints Visa card is believed to be accurate as of this publication date but is subject to change at any time by the credit card issuer. All credit card information is presented without guarantee. Before applying for a new credit card, read the current credit card terms and conditions that can be found online.
Lowestcreditcardrates.com provides this review and additional credit card information to help consumer’s research credit card offers to help find the best credit card with the lowest credit card rate.
Lowest Credit Card Rates Review PNC Everyday Rewards Visa
PNC Everyday Rewards Visa credit card is a rewards credit card offered by PNC Bank. This credit card falls into the category of cash back rewards credit cards. The Everyday Rewards Visa credit card from PNC is designed for consumers who want a cash back credit card that earns cash back on a wide variety of everyday purchases.
The PNC Everyday Rewards Visa credit card is a cash back rewards card allows the credit card holder the ability to earn cash back on everyday purchases like gasoline, groceries, restaurants and more. Card holders can earn a certain percentage of their purchases as cash back on each purchase depending on where the card holder uses your card.
The credit card offers cash back earnings of up to 4% on gasoline (with a maximum of $250.00 in eligible monthly net purchases), 3% cash back on cinema and movie rentals (up to $150.00 in eligible monthly net purchases), 2%cash back on groceries, restaurants and fast food (up to $750.00 in eligible monthly net purchases), and up to 1% in credit card cash back on almost everything else (with 1/4% being earned on the first $10,000.00 in eligible net purchases each year and 1% thereafter with no maximum).
Credit card reward or rebate checks on earned cash back is issued only if an account is in good standing. Rewards will be redeemed after an account holder has accrued a minimum of $100.00.
Credit card reward payments are made by check attached to the credit card account statement.
The credit card rate is currently set at between 9.99% and 21.99% depending in the credit background of the applicant. This is a variable credit card rate that is established by adding a margin to the Prime Rate. The current margin is between 6.74% and 18.74%.
The credit card also offers an introductory credit card rate of 0.99% for the first six billing cycles. The introductory credit card rate applies to both purchases and credit card balance transfers.
There is no annual fee with PNC Everyday Rewards Visa credit card.
Other features that come with this bank credit card include: optional overdraft protection provided by PNC Bank, fraud and identity theft protection, online password protection, zero liability for fraudulent charges and online credit card account management.
The credit card review of the PNC Bank credit card is believed to be accurate as of this publication date but is subject to change at any time by the credit card issuer. All credit card information is presented without guarantee. Before applying for a new credit card read the current credit card terms and conditions.
Lowestcreditcardrates.com helps consumer’s research credit card offers to help find the best credit card with the lowest credit card rate.
Lowest Credit Card Rates Review Harvard Alumni MasterCard
The Harvard Alumni Assoc. MasterCard credit card is rewards credit card issued by Barclays Bank. The credit card is a bank credit card using the MasterCard transactions services. The Harvard Alumni Association World MasterCard offers a rewards program targeted towards Harvard University graduates.
The credit card is geared towards consumers with excellent credit. The credit card rate reflects the credit profile of the applicants. The credit card rate is a variable rate based on the Prime Rate. The lowest credit card rate currently available is at 7.24%. The rate is dependent on the credit worthiness of the credit card applicant.
The credit card also has zero percent introductory credit card rate for balance transfers. The 0% introductory APR lasts for the first six billing cycles on credit card balance transfers once a new credit card is opened.
The credit card has a 23 day grace period in which the due date is at least 23 days after the close of each monthly billing cycle. There are no credit card interest charges on new purchases if the entire credit card balance is paid by the due date each month.
There is no annual fee with this credit card.
The credit card allows card holders to earn reward points, apply named Crimson Rewards, with qualified purchases that can be used for earning cash back, travel discounts, merchandise, Harvard Club dues and more.
The credit card reward points can be earned on all categories of net purchases. Card holders can earn one point for each $1.00 of net purchases made with the credit card. Credit card reward points earned will not expire and there is no limit to the number of reward points that can be accumulated per calendar year.
New credit card accounts can earn 5,000 bonus points. New card holders will simply earn 5,000 points upon their first purchase made with the credit card.
Credit card offer including rates and terms are subject to credit approval. See the online credit card application for details about terms and conditions.
Reasonable efforts are made by Lowestcreditcardrates.com to maintain accurate information. However all credit card information is presented without warranty.
Lowestcreditcardrates.com provides tools and research on credit card offers including low rate bank credit cards to help consumers find the best credit card with the lowest credit card rate.
Lowest Credit Card Rates Review RBC Bank Visa Platinum Rewards Card
The RBC Bank Visa Platinum credit card comes with a low credit card rate and the RBC credit card rewards program.
Credit card holders that have the RBC Bank credit card can earn bonus points, free hotel stays, gift certificates, bonus airline miles and more. The RBC Rewards program is free. New credit card holders that enroll in the RBC credit card rewards program will earn 500 bonus points with their first RBC Bank Visa Platinum credit card purchase.
The RBC Visa Platinum credit card comes with an introductory credit card rate for both purchase transactions and credit card balance transfers. The introductory credit card rate is 2.90% and lasts for a period of six months. After the introductory credit card rate period ends, the current credit card will be between 9.99% to 18.24% depending on the credit history and other factors of the credit card applicant.
The credit card rate on the RBC Bank Visa Platinum Rewards card is a variable rate based on the Prime Rate plus a margin.
There is a 21 day grace period on the credit card account during which time the bank will not charge any interest on purchases if the account holder pays the entire credit card balance by the due date each month.
The rewards points for this credit card are earned at a rate of 1 point for each $1.00 in net qualifying purchases.
With the RBC Rewards, account holders can invite other people to join their pool of rewards and combine the values. Account holders can combine their personal RBC Rewards account with any other RBC Rewards card holders.
This Visa Card includes travel accident insurance, auto rental insurance, emergency cash disbursement, roadside assistance, access to the Visa assistance center and more.
RBC Bank also offers free online banking, free additional credit cards and free convenience checks.
The RBC Visa credit card is subject to credit approval. The credit card rate and terms listed is believed to be accurate as of this publication but are not guaranteed. Credit card program terms may change. For details about current program terms and conditions including the credit card APRs, fees, balance transfers and eligible purchases view the current terms and conditions issued by the credit card issuer.
Lowestcreditcardrates.com helps consumer’s research credit card offers to help find the best credit card with the lowest credit card rate.
Lowest Credit Card Rates Review Royals™ MasterCard® with Rewards
The Commerce Bank Royals™ MasterCard® with Rewards is a low rate credit card option that is specifically designed for Kansas City Royals fans.
Joining the ranks of affinity credit cards, sports team are now displaying their logos and offering rewards in conjunction with bank credit card companies. The Commerce Bank Royals™ MasterCard® with Rewards brings the Kansas City Royals Major League Baseball team together with Commerce Bank.
Commerce Bank offers a number of different credit cards that often have some of the lowest credit card rates. New credit card applicants can choose the credit card rate and rewards program that works best for their lifestyle.
With Royals MasterCard from Commerce Bank, account holders have access to exclusive RoyalsTM merchandise, memorabilia, and special events at the local playing field. The Royals rewards program also gives the card holder the ability receive a number of other reward options including merchandise, gift certificates, credit card cash back, credit card travel rewards, and more.
This commerce bank credit card comes with 3.99% introductory credit card rate for purchases and credit card balance transfers that lasts for a period of six months.
After the introductory credit card rate period ends, the credit card rate is a variable rate that will be between 14.24% to 20.24%. The standard credit card rate for purchases and balance transfer is determined by the credit history of the credit card applicant. The credit card rate is variable and will vary with the market based on the Prime Rate.
The credit card rewards program allows the card holder to earn one point for every $1.00 in net merchandise purchases. In addition, the account holder can earn three points for every $1.00 in interest that accrues on the monthly credit card balances.
For new credit cards, the account holder can earn an additional 500 bonus points with the first purchase within 90 days.
The maximum amount points earned per year is 75,000. Points expire after a period of four years.
Additional credit card benefits include: online statements, zero liability coverage for unauthorized charges, $100,000 in travel accident insurance, optional auto payment option, free convenience checks and 24/7 bank credit card customer service.
Commerce Bancshares operates in 370 locations across Missouri, Kansas, Illinois, Oklahoma and Colorado and also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities.
Lowestcreditcardrates.com helps consumer’s research credit card offers and find the best credit card with the lowest credit card rate to suit their needs.
All credit card rates and offers are believed to be accurate as of this publication but are not guaranteed. Review the current terms and conditions from the credit card issuer before applying for a new card.