If you are looking to obtain a card with an extremely low interest rate then consider Capital One's Savor. The Capital One Savor card has a very low annual percentage rate (APR) of just 2.5%, which is much better than most credit cards. This card comes with a rewards program that gives a reward for every dollar that you spend on the card and is offered with no annual fee. You can apply online for the Savor or learn more about this card from their website.
Capital One Savor can be used for virtually any purchase that is made on the card. You are able to use this card anywhere Visa, MasterCard or Discover are accepted. In addition to using your card anywhere Visa, MasterCard or Discover are accepted, this card also works for gas stations, movie theaters, food courts, restaurants and any other place that accept a Visa, MasterCard or Discover card. All purchases you make are reported to the three credit bureaus.
The way Capital one reports your credit score is different than what most other cards do. The credit bureaus view the card as a regular merchant account. Your credit score is not affected by this card.
The Capital one Savor does not charge any annual fee, but there is a monthly late payment fee of $100. There is no credit check required for this card and all purchases are reported to the three credit bureaus. Once you have applied for this card it will be reflected on your credit history within six months.
You can build up your credit history with this card, just make sure that you pay off your balances on time. The rewards program will allow you to earn points that can be redeemed for gifts, clothing, gasoline, home improvement items, restaurant tickets and so much more. This can help you get started on an enjoyable shopping spree. When you make a purchase you also earn reward points. The more points you have the greater your odds of earning more points towards a larger reward.
The credit limit is lower than other cards, but still higher than most. The rewards program does give you many benefits including a high cash back reward. that allows you to earn back a portion of what you charge to use as cash back, plus cash rebate bonuses on every purchase that you make.
