7) Air Miles or Frequent Flyer Miles – Some low APR credit cards offer conversion of accumulated reward points to air miles to encourage customer spending. It is not a bad idea to benefit both from the low interest APR along with free air miles.

8) Grace Period (Interest Free Period) - Many low rate credit cards charge interest from day one of your purchases. However, certain cards may give a grace period and not charge interest if you repay the balance in full each month by the due date.

9) Fees – Most low rate credit cards will offer reduced or even no annual fees. Choose the one that does not add to your debt burden by charging hefty annual fees.

If you consider applying for low rate credit cards, there are a variety of websites online that offer comparisons of various low APR credit cards available in the market, and can be tremendously helpful in your search for low rate credit cards.

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