Card Holders

Card holders spend more and more with their credit cards every day, which is why it???s as important as ever to find the lowest interest rate cards.

Many Australian card holders rely on credit for everything from weekly groceries to holidays and paying off short-term debt, but not knowing which cards should be used for what purpose can lead them down the treacherous path of credit card debt.

For example, low interest credit cards are a great basic item, usually providing 55 interest free days for a low annual fee. The downside is the limited budget and lack of reward programs, but card holders will cherish this card for their weekly shopping and bills.

Big spenders who like to bulk all of their expenses on to their credit cards for convenience and pay them off each month can gain a lot from a Gold or Platinum credit card. These heavy weight cards provide prestigious rewards and frequent flyer points for every dollar spent, with the downside of a much higher interest rate and fees.

Credit bills slowing you down? Consider applying for a balance transfer credit card, which will switch all of your debt on to a new card with a much lower interest rate, giving you a much needed reprieve from repayments. Just be sure to pay off your balance by the time your introductory rate runs out.

Introductory rates also benefit card holders who only want their card for a short period, such as to use during travelling. Afterwards, they may wish to revert back to EFTPOS or paying with a debit card.

There are also a range of top-notch security features that card holders are on the lookout for, such as fraud protection, unlimited cover for credit lost to scams, and personal calls to verify abnormal spending.

Card holders have hundreds of options to choose from when selecting their credit card. Whether you are looking for your first credit card or simply one with a low rate, the only way to find the perfect card for you is to compare them at RateCity.

Look for some of the cheapest rates and fees, as well as the best features and perks. After all, it???s better to know now that a card isn???t for you, instead of finding out on your bill.

The table below displays some of today???s best low rate Visa cards.