DEAR MARY: After reading your books and columns for several years, I am ecstatic to report that I am almost debt-free; my credit card debt is history! I can’t thank you enough for your encouraging words and sage counsel.
Now I need to know how to find a low-interest card—preferably a no annual fee type—to use mainly for online purchases, and which will be paid off monthly. I have absolutely no idea how to go about this and would appreciate any information you could provide. Thanks for everything! Sherry
DEAR SHERRY: Congratulations on your amazing progress toward becoming debt-free. I am so very proud of you. This is an almost amazing accomplishment, so keep going and don’t ever give up. You’ll be there soon and what a wonderful debt-free day that will be for you!
As for your question regarding a low-interest card, I would suggest that the interest rate not be your primary consideration. You will never carry a balance on it, so your primary consideration should be that is it has no annual fee. Second, it must have an excellent grace period of at least 21 days. Next it should be either a MasterCard or Visa and last you want to get the lowest interest rate you can. Read more