Nowadays there are lots of credit card offers on the card market to choose from. And with a competition so strong more and more banks and credit card companies offer credit cards with low or 0% APR on balance transfers and purchases for certain promotional periods to attract more customers. But are these card offers really as good as they sound?

There are some things to pay close attention to when considering such a low interest rate credit card offer. The first thing to check with your credit card issuer is how long these promo rates will apply. No doubt, the longer, the better. Note that usually low APRs are offered for the first six to twelve months, after which the regular APR comes. And this very go-to APR is another matter of concern. See whether the go-to APR associated with your card offer is not that high. It is also advised to check annual and other fees of such credit cards. If the low rate credit card comes with an annual fee, what you’ve saved with the low APR will go towards paying this annual fee.

So, shop for low interest rate credit cards wisely and you are sure to find the right card offer.