Fixed Rate Credit Cards

The APR, or Annual Percentage Rate, attached to your credit card depends on several factors. Very low, or even zero percent APRs, may be offered as incentives to new customers. These rates are usually good for three to six months. At that point, the APR will be raised substantially. The introductory rate will also expire if you should miss a payment or exceed your credit limit.

Variable Rate Credit Cards

Variable rate credit cards, the most common type, have an APR that can fluctuate due to a variety of reasons. The initial offering will be based on your credit rating, with those having excellent credit history being charged lower rates. If you miss a payment, however, your APR can skyrocket. Many companies even raise your rate if you are up to date with their payments, but miss one with, say, the phone company!

Fixed rate APRs are guaranteed not to fluctuate. These rates are usually slightly higher than regular APRs and significantly higher than introductory rates. However, the extra expense might well be worth it for the added security of knowing it won't go any higher.

The problem is that a fixed rate card with a reasonable APR can be hard to find. However, our experts at CreditCard-Search.com keep track of all the credit offerings available. Just give us some basic information, and we'll put our filtering system to work to find the best fixed rate card for you.