A low interest credit card can be a real life saver when you are short on cash and need a line of credit to buy things such as groceries, clothes, gas or even pay the rent. There are several credit card companies out there that are offering great deals on low interest credit cards however these rates are usually teaser or introductory rates. True low rate credit cards are usually available to those with good credit. If your credit is questionable or bad, then credit card companies look at you as a high risk customer and normally adjust your rates accordingly.

Here are a few deals that I found:

-Discover and Citi bank are offering rate of around 11.99% with a 0% introductory and no annual fee.

-Capital one is offering a similar deal but at 13.9%.

-Gold Delta Sky Miles is currently offering 9.99% plus prime. One downfall is that the card carries and annual fee of $95

Right now credit card rates seem to be a bit on the high side. This is due in part to the recently signed Card Act. You can read about it here: Credit Card Act Of 2009 – How Will It Affect you.  If you keep an eye out you will eventually come across a low interest credit card that is right for you.