The website Bankrate offers a continuously updated list of credit cards which offer low interest rates. Consumers should be aware that many of the cards require an excellent credit score and offer the lowest APR for an introductory period only.
If one is going to carry a credit card balance, using sites such as Bankrate to find the lowest-possible interest rate can go a long way toward cost-savings. Consumer Reports offers some tips for those seeking a new credit card, such as using balance transfer offers to get locked-in savings in interest rates. It's also possible to negotiate lower interest rates on current credit card accounts, if the account is in good standing and has been open a while, according to The Motley Fool.
Because one's credit score directly affects the interest rate on credit accounts, getting a free annual credit report from AnnualCreditReport.com or a paid service ensures that all open accounts are correct and up-to-date before new applications are submitted. Bankrate offers tips for improving a less-than-ideal credit score, including carrying debt on only one or two cards instead of several, limiting credit inquiries to a short time period, and ensuring that all payments are made on time.