There are literally thousands, of different credit cards out there for consumers to sift through. Some cards are extremely good, others; not so much. Finding the right credit card can be difficult, especially with so many choices, but most consumers understand one basic principle of credit cards: the lower the interest rate, the better.
The best interest rates on credit cards will be less than 10%, though these credit cards are difficult for many people to get a hold of. They are reserved for people with the absolute best credit scores -- people whom banks and other credit agencies view as extremely safe investments. These are people who the financial institutions know are more likely to have the money to pay them back without any bumps along the way.
The best cards are called "prime rate cards" because these credit cards are often tied very closely to the prime rate set by the credit marketplace, one of the main factors used in determining the interest rates for loans and credit cards alike. These cards are going to have the lowest interest rates, and will almost never have any additional fees.
If you don't already have a top notch credit score, then your chances of scoring a prime rate card isn't good, but that doesn't mean you can't work yourself up to a point where you qualify. No matter how bad your credit is, it can be repaired given time and the right advocate on your side.
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