One of the greatest benefits of credit cards is that we can go on a huge shopping spree without any money in our valet or bank; it is even more attractive when the card you sign up has low Apr. People always hunt for the lowest annual percentage rate card because they can save a lot of money. Greater the interest rates greater will be your monthly bill.

Many uninformed card users do not consider this important factor while selecting their card. Only after seeing their shocking monthly bill do they realize what has happened. They hastily try to cancel their existing card and try to apply for a low annual percentage rate card. To avoid all these troubles it is best to consider all these factors in advance before making the decision on your choice of card.

You will find a great variation in the Apr value of most cards. Some cards will have an Apr value of 6% and it can be as high as 30%. Sometimes low Apr cards are reserved for those with excellent credit history.

However, card companies to boost their sales introduce low APR cards and it can be as low as 0%. These offers are only for a temporary period and can be enjoyed only during the initial few months. They change will increase the interest rates after the offer period. Card companies cannot afford to keep the interest rates at 0% because it is their life line for profit. So dont be fooled whenever you get an offer for low Apr cards. Take time to read the terms and conditions and see for how many months you can enjoy the benefit of low APR card.

Sometimes, these card companies to retain their customers who have excellent credit history, offer permanent low annual percentage rate cards to its select esteemed customers. When you move from one card company to another company you get sometimes a low annual percentage rate as a bonus offer provided you have a good credit history.

One more factor you need to be cautious regarding low Apr is that different companies calculate APR differently. So it is always the best thing to do get as much information as possible before you go ahead with any card offer. Many complacent customers fail to check whether there are any additional fees applicable for this low annual percentage rate card.

If you can plan your shopping well you will be able to benefit a lot using the low card offers. If plan in such a way that you payback for your dream purchase within the offer period you will save a good deal.

Summary: Low Apr card offers are highly beneficial if handled with caution. You need to make a double check on the period for which low Apr is available and the percentage of interest after the offer period etc. You need to find out whether you have to pay any additional fees to use low Apr cards. If you maintain good credit history, then may be you will be lucky enough to enjoy permanent low Apr for your credit card.