Even though credit card companies are lowering credit limits and even raising interest rates for their current customer for one reason or another, there will always be other credit card companies looking to sign up new customers.
If you are one of these customers who have maintained a great payment history and it reflects in your FICO score and experian, transunion, and equifax credit reports, then definitely explore your options to get the best rates for yourself. There are a ton of credit card companies who offer 0% interest rates that are good from 6 months to a year. I am still aware of one card issuer who still offers 0% for 15 months.
Another great reason for getting cards with lower interest rates is saving money. If you carry a balance, this is a great way to save money every month and help pay down balances faster.
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