While I’ve never carried a balance on my credit card before, making sure the card offered a low interest rate was always important to me. While I never intend to carry a credit card balance, I’m also a realist. I recognize that sometimes you can’t control what you can or cannot do. Things get out of your control and during those times it’s important to make sure that you’re prepared. Should you ever need to carry a credit card balance, it’s important to make sure that the cards you choose offer a lower interest rate. When I analyze credit cards, I usually look at the rewards program first, then any special offers, followed by the interest rate.
I separate the list into two camps – those who are currently battling debt and those who are like me, looking with a more preventative eye. I’ve listed those cards that are strongest for credit card debt warriors first. All the cards are suitable for those in debt, but the Citi Platinum Select and PenFed Visa Promise cards are likely best. The Discover® More and Chase Freedom, the third and fourth card listed, are better for those without debt since they offer rewards but slightly less attractive APRs for existing debt.
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