Charge cards are a form of revolving debt which means that, unlike a loan or mortgage, they lack a defined term. Identifying a great credit card deal can help a family to reduce the amount of disposable income that goes towards servicing this debt. A low APR credit card or zero percent balance transfer is particularly beneficial for a family that doesn't clear their full balance at month end.

Ways to Get a Low APR Credit Card Deal

Due to rising levels of default, lenders are applying far more restrictive lending criteria before granting approval. The most important factors are the applicant's credit score, income to debt ratio and their recent application history. It is rarely a good idea to accept the first offer received as it is unlikely to yield the best deal. In terms of pinpointing the cheapest credit card rates, it is important to use a comparison site (such as moneysupermarket.com) to trawl through the hundreds of different offers.