# Why do you want the lowest interest rate you can find for your credit card?

3 answers

## Answers

A lower interest rate means any balance you carry will accumulate less debt each month and you can pay your balance down faster since more of your payments go to the principal instead of interest.

A lower interest rate means any balance you carry will accumulate less debt each month and you can pay your balance down faster since more of your payments go to the principal instead of interest.

Explanation:

Basically, a lower interest rate on your credit card means that any balance you carry will accumulate less debt. This will allow you to pay off your balance faster.

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