The need for a low interest rate credit card continues to grow. In a recent survey by Market strategies, there are now more consumers turning back to cash over using credit cards.

In a poll the company conducted of 1000 people in January, 42 percent of consumers were using more cash than they were just a year earlier. Why the shift, since just a few years ago talk about turning to a cashless society was so prominent?

Many believe that there is a Depression era mentality affecting Americans today. Although they want to use credit, many do not because of the recent increases in costs (interest rates rising, new fees) and the lack of ability to quality for credit. Also, many have a bad taste in their mouths from the entire financial industry collapse.

Further, the study looks at not just those who are using cash through debit cards, but actual greenbacks. According to some, it is not that a debit card is different from using cash but this switch is a new way of thinking about credit and the use of credit cards.

Does This Mean Credit Cards Are No More?

The same survey points out that 19 percent of people who do not use cash at all as well as 39 percent that are using less cash than the year before. In addition to this, if consumers can find the right type of credit card for their needs, chances are good they would be happy to use it.

What is important to the consumer is the cost factor, especially in a time when interest rates are rising. Finding low interest rate credit cards is crucial to affording the luxury of using credit. If a consumer does not feel that he or she can afford the high rate that the lender is charging, he or she will turn to cash rather than to spend the extra on the higher rate.

If you are someone who is looking for a way to use credit cards without having to pay a high interest for doing so, the good news is that there are lenders offering low interest rate cards. It just takes a bit more time to find them. You do not have to give up using your cards but you should be looking for the best offer available.

For the consumer who is struggling to determine which type of payment method to pull out of his or her pocket, the best decision possible is to look for a new lender. Finding low interest rate cards is quite possible, though it does take some comparison-shopping.

You will need to have good credit and you will need to have enough income to support the type of line you are interested. Lenders do reward those who are good risks, though, with less cost to you.

Whether or not consumers give up on the piece of plastic they have been using for years is a personal decision, but it is unlikely that we will see many stop using credit cards for the long term.