There are a dozen different credit card providers offering cards with interest rates under 10 per cent, an analysis of the credit card market has found.
American Express, Community First Credit Union and Easy Street Financial Services all have credit cards that charge 8.99 per cent interest and offer an interest-free period of up to 55 days (see table below).
Northern Inland Credit Union also has a credit card with a purchase rate of 8.99 per cent, however this credit card does not have an interest-free period.
The CBA Essentials credit card has an interest rate of 9.90 per cent and an interest-free period of up to 55 days, while the Westpac Lite Card charges 9.90 per cent interest and offers up to 45 days interest-free.
|Provider||Product||Interest rate||Interest-free days||Annual fee|
|American Express||Low Rate Credit Card||8.99%||55||$0|
|Community First Credit Union||Low Rate Visa Credit Card||8.99%||55||$40|
|Community First Credit Union||McGrath Pink Visa Card||8.99%||55||$40|
|Easy Street Financial Services||Easy Low Rate Visa Credit Card||8.99%||55||$40|
|Northern Inland Credit Union||Low Rate Visa Credit Card||8.99%||0||$0|
|Bank Australia||Low Rate Visa Credit Card||9.39%||0||$59|
|Auswide Bank||Low Rate Visa Card||9.45%||55||$50|
|G&C Mutual Bank||Low Rate Visa Credit Card||9.49%||50||$50|
|Bank of Us||Visa Credit Card||9.90%||57||$39|
|Big Sky Building Society||Low Rate Visa Credit Card||9.90%||45||$59|
|Bank First||Visa Platinum Credit Card||9.90%||55||$99|