Types of credit cards
Balance transfer credit cards: Balance transfer credit cards allow consumers to transfer a high interest credit card balance onto a with a low interest rate. Typical in the market today are balance transfer credit cards with an introductory annual percentage rate (APR) of 0 percent with that introductory or "teaser" lasting several months up to a year. The terms of balance transfer credit cards varies between offers, so be sure to thoroughly read the terms and conditions for each card.
Types of credit cards part 2
Low interest credit cards: Low interest credit cards offer either a low introductory APR that jumps to a higher rate after a certain period, or a single low fixed-rate APR. Low interest cards can be very useful when consumers need to make a large purchase because it allows several months to a year to pay it off with very low or no interest. Before using a low interest card, read all terms and conditions of the introductory rate so you will not by fees or accumulated interest.