A low amount credit ratings card is a great advantage to those people who would normally keep stability on their credit ratings card from month to month. If you were to take out a new card with a 0% APR introductory period then the stability from your existing card can be transferred onto the new card.

     The main point of using a credit ratings card with a low amount is to save you money if you are to keep carrying over stability month after month. It is best to shop around when looking for a new card suitable for your personal needs. It takes time and effort to research and look around for the ideal card but it can save 1000s of dollars in the long term.

     It can work out that the items you purchase on a higher APR card work out to be more expensive in the long run than the same items on a low cost card. That is because if you have a low amount credit ratings card and you don't pay off the stability, you are not going to be paying back anywhere near as much as you would if you had a higher APR card and had to pay more interest on the items you purchased if you didn't pay off the stability in full.

     If you are considering stability transferring then a low amount credit ratings card is a very good idea. Especially if you currently have multiple bank cards and are paying out a lot in interest each month. Another name for these cards is low APR bank cards, so don't be confused that you are hearing about two different types of card, they are the same thing.

     It can be quite frustrating as most of the time the kinds of people that are wishing to have a low amount credit ratings card, are those that are in financial difficulty and want to save some of the money that they are paying out.

     Low amount bank cards are normally only available to those with excellent or above average credit ratings so this can be a little, or should I say, very annoying to say the least, that the people that want these cards are the ones that can rarely get them.

     Once you have researched and found a new low amount credit ratings card, then you must make sure that you read the terms and conditions and abide by them. If you are late with just one payment then the interest is likely to go up to as high as 30% and it could stay that high for up to 12 months.

     When a card is said to have preferential it is normally that of between 10 percent and 20 percent. Some creditors have been known to offer generally as low as seven percent, although this is not often and quite unlikely. Lower amount cards are normally only available to those that have perfect credit ratings, but sometimes, even if your credit ratings score is not so perfect there are still some companies out there that are still able to offer you are low amount credit ratings card.