Best Fixed Rate Credit Cards
Credit cards have become one of the most common ways to pay for every day purchases. Credit cards are quick and convenient and have become a very secure way to buy things. These cards can often be difficult to understand because of different starting rates or deals that they offer.
Many cards offer a very low starting interest rate that will rise after six months or a year, but after that period they don’t mention what happens to the interest rate. Most cards today have a variable rate after the introduction period which can jump around and continue to get higher. However, a fixed rate credit card can end up saving you money in the long run because once the rate is set it won’t change. While fewer companies offer a fixed rate credit card, the following have proven to be some of the best through quality and customer service.
Discover
Discover offers a couple different fixed rate credit cards; we will start with the “Discover More” card. The Discover More card does not only have a fixed rate, it also offers cash back programs that can allow you to earn money back just by using your credit card. The card also starts with a 0% interest rate for the first six months, which can be a very valuable asset. The other card offered by Discover is the “Miles” card, which is ideal for any traveler. The Miles card gives bonus miles for up to $3,000 in purchases each year, and another 1,000 bonus miles for each month you use your card during the first year. The Miles card offers the same 0% interest for the first six months, and both cards have excellent customer support ratings.
Chase
“Slate” is the card offered by Chase, and it is an interesting credit card. Slate gives you many different options to help you pay your balance faster. It offers four different types of payment plans, and you are free to set your own. Slate is a fixed rate credit card that offers 0% interest for the first twelve months and does not have an annual fee. The support at Chase is excellent, though it is rarely needed.
Visa
Visa offers at least three different types of fixed rate credit cards, but they are all similar so we will discuss information about the most popular. Visa offers a line of “New Millennium Bank” cards. One of the rare features about this card is that it offers an extended warranty program for certain products. While they don’t seem to have a set of introductory benefits, Visa is very upfront about their fixed interest rate credit cards, and will give you all the terms and details on their website. Customer service through the telephone seems to be the best way to get your problem solved while e-mail support is a little slow.
In conclusion, there are few reliable fixed rate credit cards. Make an effort to look through all the details of each company and find the benefits that are going to serve you best. Remember that customer service is important, but so is being happy with your credit. Credit cards were made for their convenience, and that holds true today.
