APR interest should not be a factor in your credit card. Annual Fee, rewards and cash back, and color of the card is more important. If you are looking for APR- you aren't trying to apply for credit card, you are trying to apply for a loan.
The existence of Credit Cards proves that consumers are losing more money than the CC companies lend or give in cashback points. don't help them more.
if you have 2 cards to choose:
- 29.99% APR, 1.5% cash back on everything
- 15.99% APR, 3% revolving cashback on certain items
you should just ignore the APR.
edit: one simple exception is if you are good with money and can use 0% starting APR as a quick loan in some CC. The point is to not pay any extra in interest so, if you can use 0% APR to you advantage for the first year or so in some cards, more power to you!
edit: as someone kindly reminded, just as refresher, you ONLY pay APR/ interest on Credit Card if you carry a balance. so, paying FULL STATEMENT balance means you pay NO INTEREST. you pay the xx.xx% interest if you only pay the minimum balance or pay none at all. So if you pay your CC balance in full, you lose NO money at all on interest payments and gain cash backs as well!
Submitted January 07, 2019 at 10:40AM by OnlyRegister http://bit.ly/2Quwtwv
