Compare credit card interest rates and deals
Low rate credit cards appeal to the masses as it offers a way for people to spend more but pay back less. To find some of the best low rate credit cards you can search, compare and apply, right here, at RateCity.
As the name implies, a low rate credit card offers a lower interest rate than standard cards. But in order to reap the benefits of a low rate you need to be a certain type of spender.
While big spenders would get more benefit from higher rate credit cards, offering great reward programs, a low rate card is better suited for the budget conscious and everyday spender who struggles to pay off their credit card debt each month and are regularly incurring interest.
While low rate credit cards attract consumers with attractive interest rates, 0% balance transfers and special introductory periods, in a trade-off you may have to forgo some other features such as reward programs and free insurance.
To review your options and weigh up the best course of action for your next credit card, make sure you compare a range of low rate credit cards and consider these factors below;
Most low rate credit cards offer a lower rate during an introductory period so it’s important to find out when that period expires and what the revert rate is. Generally the revert interest rate is higher than standard credit card rates so it’s important to take this into consideration.
If you are considering a low rate balance transfer, to help u consolidate your debt or pay it off sooner, but you still may need to make a few credit card purchases, then make sure you ask what the purchase interest rate is, as it is usually higher.
If you are trying to pay off your debt in the fastest and most cost-effective way, then you should check how many 'interest free' days you receive, so you can pay off the balance during this time.
Search and you shall find some of the best low rate credit card deals below.