Low Interest Rate Credit Cards – How to Qualify With Fair to Average Credit

Most would-be credit card owners these days have aproblem with this is some of the banks that offer the
bruise or two on their credit report and feel they maybest rates and terms aren’t national banks and
not qualify for low interest credit cards. Depending onmay not have a branch where you are.
the problem that appears on their bureau they veryThe next best place to look for low interest rate credit
well may be right. However, a large section of thecards is well established online credit card websites.
people with fair credit will qualify for credit cards withThey usually carry a large selection of credit cards
low interest rates regardless of their creditthat are exactly like the cards you can get directly at
discrepancies if they can show certain attributes onthe bank.
the credit card application.3) How to Apply for Credit Cards – The credit card
Believe it or not, some of the lowest rate credit cardsissuers aren’t necessarily looking for a high credit
on the market only require “average” credit toscore. They are looking for people with a fairly good
qualify for. Knowing which cards, where to apply andtrack record of making payments and the capacity to
how to accent the “positives” on you applicationpay them back.
is the key to obtaining these cards. We have listed anLet’s assume that I applied for a card having a 720
explanation for these three tips below.credit score and a mountain of debt. Let’s assume
1) Which Credit Cards to Apply for – Credit cardthat and you applied for the same card with only a
issuers offer credit cards these days that come with620 credit score but with very little debt, you would be
all types of bells and whistles on them. Leave thesethe more attractive applicant in many credit card
credit cards alone. What you are looking for is the plainissuers’ eyes.
old fashion credit cards. This means no cash backDetails on the application are a key factor when you fill
credit cards, no reward benefits, travel cards and soout a low interest rate credit card application. If you
on. These cards rarely benefit the “average”have been on your job 3 years and nine months
user and carry a higher default rate than regular creditdon’t just put 3 years. List your checking account
cards.and your savings account if it asks, most people only
The plain or regular credit cards can usually be foundlist their checking. Finally, look at your credit report
at the end of each credit card sections on most creditbefore you apply with any credit issuers.
card websites. This is because they carry a lowerThe U.S. Public Interest Research Group reports that
profit margin than the cards with bells and whistlesas many as 25% of consumer credit bureaus are
attached to them.reporting inaccurate information that can cause you to
2) Where to Get Credit cards for Average Credit -be declined. If you see any errors dispute them
Low interest rate credit cards are rarely sent to yourimmediately, it may take a month or more to get them
home in the mail. The credit card offers sent to yourcorrected.
mail box are usually less attractive clones of the realHave the credit bureau add a comment to your
cards that have lower rates. We suggest that you usebureau that says “consumer disputes this
these applications to start your fireplace or back yardinformation” immediately. This will not help your
grill.score but will tell prospective creditors why your score
The best place to go to get the low interest creditis low.
cards is directly into the bank that offers the card. The