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Rate Trends
What are Credit Card Features?
Some of the most common credit card features are: 0% intro rates, balance transfers, cash-back, and travel rewards. Because these features can cost the credit card companies millions a year, they will often make up the costs through increased fees or hidden rates.
How to Read the Average Rate Chart
As their name might indicate, low interest rate credit cards are the ones that offer the lowest rates. To subsidize these lower prevailing rates, these cards typically do not offer many extra perks such as travel rewards, extra-low introductory rates, or cash back. Balance transfer and cash-back cards typically charge higher rates, as seen in the above chart, since credit card issuers have to re-coup the cost of these features.
Note: If you do decide that now's a good time to get a credit card, it's very important to shop around. Check out our Credit Card Reviews and Recommendations... with thousands of card reviews to help you pick the right one.
Where to Compare Credit Card Features?
Today, there are hundreds of credit cards, with thousands of features to choose from... it can be extremely intimidating. The most important thing to ask yourself while you're looking for a credit card is, "Does this card make the most sense for me and my lifestyle?"
For example, don't get a card with a low interest rate if you never carry over a balance at the end of the month. The exact opposite applies for a rewards card. If you carry a balance each month, you'll pay for those rewards many times over in higher interest rates.
Our advice is to shop around for the best deal just like you would for anything else. Credit Karma's Credit Card Reviews is a great place to start.
Comments
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Credit Card Offers Just For You
These are the most popular credit card offers from Credit Karma members with credit similar to yours.
Orchard Bank Visa Cards
- Acceptance at millions of locations including website purchases and reservations
- Your account information is updated and at your fingertips 24/7 so you can manage it your way
- Email and text messages to remind you of your upcoming payment due date with online enrollment
Orchard Bank Classic MasterCards
- Acceptance at millions of locations worldwide, including website purchases and reservations
- Your account information is updated and at your fingertips 24/7 so you can manage it your way
- Email and text messages to remind you of your upcoming payment due date with online enrollment
Capital One® Secured Mastercard®
- Get the credit you need with no processing fees or application fees
- Automatic reporting to the 3 major credit bureaus
- Track credit with access to your credit score and other tools
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what a wonderful service you provide. THANKS!!!!
carollee123 2 years ago
great site will recommend to my friends
hncraven 2 years ago
Thank you. We appreciate our members spreading the word.
CK Moderator
I agree completly, MY EYES HAVE FINALLY BEEN OPEN !!!!! Now that I have acess to this information I can finally make BETTER INFORMED decisions for my wife and I. Thank YOU- Steve
black42799 2 days ago
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srinivaspl 2 years ago
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CK Moderator
this is a good site" it helps the consumer know just were they stand in the credit world' whether good or bad? it give us the opportunity to see what lenders see' and why they choose to approve or decline our requests'
austin316 1 year ago
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tornadojune 1 year ago
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telltouday 1 year ago
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austin316 1 year ago
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latoyaanders 1 year ago
You can view your detailed credit report at AnnualCreditReport.com. That is the free government site. You can also view it at anytime at TrueCredit (charges may apply).
CK Moderator
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gopalrao99 1 year ago