The best and simplest way to avoid high interest rates on your credit cards is to pay off your balance every month. But for those of us who are already inundated with debt, doing so may seem next to impossible. So here are a few tips on how to avoid high interest rates, even if you have a balance:
Shop around for the best rate. When opening new credit accounts make sure that the interest rate is as near prime as possible. Don’t make the mistake of signing up for the first credit card offer that lands in your mailbox. Take the time to consider all of your options by seeking out the best interest rates on your own. Oftentimes, card offers received via mail don’t offer the best interest rates.
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