• What are low interest rate credit cards?

Low interest rate credit cards are designed to provide credit cards users with a sensible method of making purchases by reducing the amount of potential debt that could be potentially built up through high interest charges.

  • Is this the right credit card for me?

Today's credit card market is populated with a range of credit cards to accommodate a number of financial needs. Low rate credit cards are more suited to those that are more likely to carry a balance that is not always paid off in full each month. This allows users to reduce the amount of interest they could be paying.

If you rarely use your credit card or if you always pay your outstanding balance off in full at the end of each billing period you will not benefit from a low rate credit card and may find it more beneficial to opt for a card that offers some kind of reward for your spending such as a cashback credit card.

  • What should I be aware of?

    Unfortunately, these low rates interest do come at a cost, generally in the form of higher balance transfer rates, as providers need to cover some of the cost of what they could potentially make from higher interest credit cards.

    Before deciding to switch to a low rate credit card it is important to make sure you would benefit by calculating the amount of interest you pay per year, and comparing this against the new rate.

    See our range of low interest rate Credit Cards above