To compete in the rat race, every company is lowering the APR, so to get such card is not a difficult task. The challenge is to bag the best one. There is a particular way of looking for one.
There are lists of banks on websites providing low rate credit cards. Top ranks are held by higher rated one, so scroll down to the end of page where you might end up with better deals. Big names have higher rate of approval and so is the interest rates. Not so popular banks are finicky about everything. They demand many documents and penalty fee is also lesser. This eventually results in low interest rate accrued.
If you are successful in deducing the reason behind lowering the interest rates, getting a good credit card with desired features won’t be of much difficulty.
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