The Low Down on Low Interest Credit Cards
By: Martin Boyd | Posted: 16th August 2005
The Low Down on Low Interest Credit Cards.
The buzz on low interest credit cards is pretty clear. With
today's unstable market place, men like Warren Buffet expecting
a credit crisis when the housing market collapses, and uncertain
financial markets; the best credit cards can mean different
things on different days.
The credit card market has exploded with the dropping of usury
regulation by Congress in 2000. Since then interest rates have
jumped to the maximum for many credit cards and some credit card
companies have been assessing big interest rate penalties for
even the tiniest mistake by the consumer. Some interest rates
for cards are a ridiculously high.
With the specter of a burgeoning interest rates lurking just
around the corner many are looking for low interest rates on
their cards. It is only natural that we look for a low interest
rate for everything including our credit cards. However, we need
to remember that even a great interest rate credit card is no
substitution for having a good financial position.
If the housing market does collapse you will find that interest
rates skyrocket as equity values drop. Since congress dropped
its oversight of credit cards in 2000 the credit card market is
essentially unregulated. If you are lucky enough to live in a
state with strong credit card and interest regulation you may
find that your lowest interest rate credit cards from out of
state can't really compete with your higher interest rate credit
cards from in-state due to the lack of regulation.
The best cards for each person will change with your situation
as well. If you need a higher limit to pay off big ticket items
you might be willing to accept a higher interest rate card. Low
interest rate credit cards are a gem when you find a good
company with a genuine offer.
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Martin Boyd provides reviews to over 120 credit cards online.
Compare, search and review low interest credit cards, reward
cards, poor credit cards, business cards and much more.
http://www.a1-low-interest-credit-cards-online.com
About the Author
Martin Boyd
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