Best Low-Interest Rate Credit Cards & Offers in 2022

April 14, 2022

MONEYGEEK - A low-interest credit card is an outstanding tool to utilize short-term borrowing. Along with favorable interest rates, these credit cards often have many other perks that can benefit cardholders.

Nearly a year and a half after initial pandemic lockdowns, American spending has soared. Simultaneously, credit card debt has fallen significantly. But as spending creeps back, a low-interest credit card may be favorable for consumers looking to finance a large purchase or home renovation project or refinance high-interest debt.

Americans pay hundreds of billions each year in credit card interest. However, low-interest credit cards can help you avoid excessive interest fees and give you great benefits at the same time.

Expert Advice For Finding the Right Low-Interest Card

What can people do to increase their odds of getting lower APRs on their credit cards?
Is it possible to get a lower interest rate on an existing card? If so, how can one go about making it happen?

Ask the Expert

Scott E. Hein, Ph.D. – Emeritus Professor of Finance at Rawls College of Business, Texas Tech University

To read Hein's responses, click here.

tags: Rawls College of Business Administration, Texas Tech in the News

Texas Tech University

A new era of excellence is dawning at Texas Tech University as it stands on the cusp of being one of the nation's premier research institutions.

Research and enrollment numbers are at record levels, which cement Texas Tech's commitment to attracting and retaining quality students. In fall 2020, the university achieved a goal more than a decade in the making, reaching a total student population of more than 40,000. In 2018, the Carnegie Classification of Institutions of Higher Education again placed Texas Tech among its top doctoral universities in the nation in the “Very High Research Activity” category. Texas Tech is one of 94 public institutions nationally and 131 overall to achieve this prestigious recognition.

Quality students need top-notch faculty. Texas Tech is home to a diverse, highly revered pool of educators who excel in teaching, research and service. The university strives to foster an environment that celebrates student accomplishment above all else. Texas Tech is large enough to provide the best in facilities and academics but prides itself on being able to focus on each student individually.

The momentum for excellence at Texas Tech has never been greater.

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Rawls College of Business

The Jerry S. Rawls College of Business offers extensive undergraduate and graduate programs designed to prepare a diverse student body for successful careers as leaders, managers, executives and innovators in their chosen fields.

Started in 1942 and originally known as the Division of Commerce, the College of Business has grown exponentially over the last 70 years and has an alumni network of more than 46,000 people worldwide.

Accredited by the Association to Advance Collegiate Schools of Business (AACSB), Rawls College offers seven undergraduate majors: accounting, energy commerce, finance, information technology, management, marketing and supply chain management. At the graduate level, students can enroll in a wide variety of MBA programs, Master of Science programs, doctoral programs, and graduate and professional certifications.

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