so i’ve had a credit card for a few years just for emergencies and paying it off every month but recently i’ve been thinking about getting another one that actually has a low interest rate. i don’t plan on carrying a huge balance but sometimes stuff comes up and i don’t want to get hit with crazy interest.
i’ve been reading online and there are so many options and fine print stuff that i barely understand. how do you even tell which cards are actually low interest vs ones that look good on paper but have hidden fees? is it better to go with a bank you already have an account with or does that not really matter?
also curious if anyone here has switched to a low interest card from a normal one and noticed a big difference on their monthly payments. did your credit score take a hit at all when you opened the new card? and are there any things you wish you knew before picking one?
just trying to be smarter with money without overcomplicating things and would love to hear real experiences from people who use these kinds of cards.
looking for low interest credit cards and feeling confused
byu/Street_Arrival3453 inpersonalfinance
Posted by Street_Arrival3453
1 Comment
Check out credit unions first – they usually have the best actual low rates without all the BS fees that big banks love to sneak in. Your credit score might dip like 5-10 points temporarily from the hard pull but it bounces back pretty quick if you’re not applying for a bunch of cards at once