Low APR Fixed Credit Cards at FirstCredit.net

What is a Low APR Fixed Credit Card?

Low APR fixed credit cards are credit cards with a low fixed annual percentage rate. With a fixed card, the interest rate is not based upon the prime rate. The prime rate rises and falls during normal economic cycles. Currently in this economic cycle, fixed rate credit cards have fallen out of favor with banks and most now offer variable interest rate cards. With a variable rate card, the interest rate is based upon the prime rate. In times when the prime rate is falling as it has in the past few years consumers benefit from the interest savings on the low rates. Thus, it is during these times banks are inclined to offer fixed rate credit cards. In times when the prime rate is rising, banks earn more money on interest. Although the Prime rate has remained low banks are anticipating a higher prime rate in the coming years. Thus, most credit card offers are now based upon the prime rate. It is expected that banks will continue to offer variable rate credit cards until the prime rate begins to fall again.

There are no fixed rate credit cards in this category at this time. Please see our Low Interest Credit Card section for the best low interest credit cards available. Below is the top low interest rate credit card. This card has a variable rate.