Low Intro APR
No Annual Fee
Cash Back
Reward Cards
VISA
Mastercard
Business Credit C.
Balance transfer
Student Credit Cards
Frequent Flyer
Gold Cards
platinum Cards

Advanta
American Express
Bank of America
Bank One
Chase Manhattan
Discover

Bankruptcy
Slow Credit
Average Credit
Excellent Credit

If you're being squeezed by the high interest rates and fees charged by your credit companies, it might be time to rethink your financial strategy. In today's marketplace, credit card companies compete for your business. You can take advantage of free credit cards and balance transfer options to make purchases, manage your credit card debt, and avoid paying high interest rates and fees.

The first key to taking charge of your credit card debt is to understand the options available to you. Free credit cards not only offer you a cushion of financial security, but when used wisely, they can also help you lower or erase the interest rates you're currently paying. In effect, the money you spend each month on interest charges becomes money you can use to pay down your debt or to spend as you see fit.

As an example, if you have a $7,000 balance on a credit card that charges 18 percent APR, and you're paying $210 (3 percent) per month, it will take you over 18 years to pay off the debt. In the process, you will have paid $6,698 in interest!

If, however, you took advantage of the balance transfer option on free credit cards with a 2.99 percent APR, your $7,000 debt will be paid off in a little under 11 years, with a total of $611 paid in interest charges. That's a savings of $6,087!

When you receive offers of free credit cards and balance transfer offers, it's important to read the fine print. Sometimes, the initial low interest rate will jump to a high interest rate after six months. Other times, though, the low interest rate will be maintained throughout the life of the loan.

Increasingly, consumers are seeing the wisdom in using free credit cards and balance transfer to manage their debt. While it takes some time and diligence to keep track of the various offers and to use balance transfers to your advantage, the benefits are well worth it.

Balance transfer is also a good tool to use if you've gone over your credit limit on one of your credit cards. Many credit card companies charge outlandish monthly fees when the cardholder exceeds his or her credit limit. By anticipating this problem and having free credit cards available that offer balance transfers, you can easily transfer a portion of your initial credit card debt to a second card, thereby avoiding penalty fees.

Free credit cards and balance transfer options are important components of financial health, and can allow you to manage your debt painlessly.

Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web.Visit this Financing\Investing Website and Majon's Financing\Investing directory.

Article Source: http://EzineArticles.com/?expert=Chris_Robertson

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Yes, low APR credit cards are on the rise. Many credit cards are competing for your business to give you the best and lowest rates available today. There are so many credit cards from you to choose from that they are doing all kinds of things to get your attention including lowering their interest rate and giving you no annual fees.

Why is this happening? Because there are so many credit card companies. They all want your business and this is an attractive incentive to get you to apply and own one of their credit cards. If you choose a low APR credit card over one with 19.99 percent you are sure to go with the lower APR.

The only problem is that sometime these 0% and low APR credit cards are only promotional ways to get you to apply and then later your interest rate will rise. Many credit card companies have low APR credit cards for a certain amount of time such as 3 months, 6 months and some up to one year. You will have to compare to find out which one keeps the lower APR after the promotional period to ensure you are getting the best deal around.

No matter what the reason low APR credit cards are here to stay as long as the companies are competing for your business. Just remember to compare everything they offer besides the lower interest rate. You may find that several credit card companies are now offering other wonderful incentives for you to apply with them such as reward programs.

No matter which company you choose, you will enjoy the low APR credit cards even if it is only for a limited time. You will be able to save money on your purchases because you will not have to pay any interest until the promotional period is over. Just be sure your balance is very low when the interest rate kicks in and you will be fine.