I am sure you have heard of a low Interest Rate credit card. It is one of the most featured cards that credit card companies offer to inquiring applicants. However, when applying for a credit card, you and me, like anybody else, tend to forget about the interest rate and we sign up for a nice credit card with lots of benefits including cash rewards, discounts at stores, etc. The bad surprise is then the interest rate, because that is what matters most.

Who could blame us really? We could be offered free gym membership, or 50% discount on a gorgeous Gucci purse, or a trendy Omega watch. Such offers sound exciting, and rewards packages seem so lucrative and generous that we tend to ignore how much the interest rate really is.

If you are hunting for the best credit card offer, ignoring or overlooking the interest rate is the one thing to never do, as well explained in this blog post about low interest rate credit cards.

So what can you do about it?

The good thing about competition in this credit card business is that companies will start competing on low interest rate credit cards. This means that the fee you pay on the outstanding balance is reduced,  and over time this means a lot of money.