Normally, APR vary from 6% to more than 30%. Of course, it would be clear that the card with the lowest APR credit card is those that have 6% or lower.

But consumers should remember, that APR can be very tricky especially if the consumer have no idea what interest rates mean.

Basically, credit card companies would offer the consumers very low APR credit card so as to get the consumers on the hook. In fact, credit card companies could lower their APR to as much as 0%.

Low APR credit cards are usually expressed during the introductory rate so as to entice new credit card holders to sign up to them; and once they are all hooked up, the credit card company would start changing and increasing their credit cards.

People should know what makes a low credit card really low and the best option for retaining that low APR even if the introductory offer is over.

First, they should know that APR has two faces: the fixed and the variable.

The fixed APR has more stable interest rates than variable rates. Variable rates, on the other hand, can start really low but it all depends on the prime rate of the Federal Reserve. This means that at any point in time, it may increase.

Needless to say, there are really quite a few credit cards that have low APR. The reason behind it is that APR is actually where the credit card companies get to earn a living. If they continue to give people the low APR that they used to claim, chances are they wouldn’t be in the business for so long.

The bottom line here is that consumers should be really conscious on their APR and other interest rate. Low APR credit cards will not be very beneficial if it will only last for 6 months or so. Here you can read the 4 tips for credit repair.