Very soon, interest rates will rise on credit cards and you need to know what to do to avoid the heavy hit. The Federal Reserve just increased the short term interest rate by 0.25% meaning that credit companies will be passing that onto you. If you’re holding a balance, it’s best to do a balance transfer as soon as possible to avoid getting hit.

Go with a credit card that has a 0% introductory APR. Here are credit cards that meet those criteria so that you can avoid interest rates:

Citi Simplicity Card – This credit card offers almost 2 years of no interest rates on your balance. There is also a 3% balance transfer fee that comes with it. That means if your balance is $375, you will be required to pay $11.

Citi Diamond Preferred Card – This card offer a 21 month 0% intro APR on purchases and balance transfers. They also have a 3% transfer fee.

Discover it – If your credit is sour, the Discover it – 18 Months Balance Transfer Offer is a good way to go. This card only requires a minimum credit rating of average.