"Low APR Credit Cards Still Available For Consumers With Good and Excellent Credit Scores" Is your FICO credit score above 720? The credit card companies would like to talk to you. They have plenty of low APR credit cards available for consumers like you with good and excellent FICO credit scores. So the first question to ask is have you checked your credit score lately? Do you know if your credit score is above 720? You can head over to myfico.com and order your scores and see how well you're doing. Then once you've confirmed you have an excellent credit score you are in the driver seat and can demand the best rates for your credit cards. What kind of low APR are we talking about here? How does a 12% sound? How about an 8% interest rate? The average low interest rate is around 12% (current as of February 2010). However, if you shop around you can find rates as low as 8%. Spending less than five minutes searching online, I found two local credit unions with low interest credit cards. One was offering an 8.99% rate and another was offering an 8% rate. These were variable rates based off of the prime rate which is currently at 3.25% again current as of February 2010. With the current state of the economy, this rate will not drastically increase over the next few years. So that low 8% rate will stay low for several more years even though it is a variable rate. What if I only have a 700 FICO score? Do I qualify for a low rate card? First of all, a 700 credit score is still above average so you do have a good start. You can still qualify for a low rate card but not the lowest rates. You can spend the next 6 to 12 months raising your credit score so in the future you will be eligible for the best rates. You can continue to pay all your bills on time, you can get some of your debts paid down, and not apply for any new credit for the foreseeable future. These are the biggest factors that go into your credit scores. You could also work to delete any negative and inaccurate items from your credit report to give it a further boost. Then in 6 to 12 months, you can go check your credit score and see how high it is now and then apply for that 8% APR credit card. If you have good or excellent FICO scores, there are several low APR credit cards available for you. You've shown financial discipline and the card companies can now reward you and save you money each month with a low rate card. Next, Find The Best Low APR Credit Cards Online See how much you can save each money with a low rate card. Visit Low Interest Credit Cards to shop and compare the lowest APR credit cards. Questions? Comments? Need support? Contact Us Low Interest Credit Cards