A great choice of credit card if you usually clear your full balance every month. There are hundreds of credit cards on the market, all of them with varying interest rates. The most desired type of credit card is one that charges low interest on your outstanding balance. Low interest credit cards are your best bet for making purchases that you'll pay off over time. Simply, the lower the APR on a credit card, the less it will cost you to use it.
In 2004, the average APR on non-reward point credit cards was 15.8%. In the past two years, competition among credit card companies - including the introduction of several new credit cards - has driving those APRs to new lows. As of February 2006, the average APR for all non-reward credit cards was a low 13.2% - and the standard APR for low interest credit cards was 10.53%. In money terms, that's a big savings in interest charges every year. The fierce competition for your business has made low interest credit cards much easier to get - but you still have to have a good repayment record to qualify for the lowest of the low offers.
As interest rates come tumbling down, the card companies have also found other ways to make their cards competitive. The lowest APR card isn't always the very best deal. If you're looking for a low interest credit card, you should be comparing more than just the 'typical APR'. Some important points to compare are:
- APR
- Annual Fees
- Penalty Fees
- Balance Transfer Fees
- Special Incentive Offers
- Low Introductory APRs
A low interest credit card is your best choice if you will carry a balance forward from month to month, you want to make a major purchase, you have fair to good credit,you can pay more than the minimum amount due each month. We help you compare all aspects of the credit cards you're considering.
Continual innovation and a drive to be the most competitive makes this probably one of the best balance transfer cards available.
| Intro APR | Transfer Rate | Transfer Fee | Standard APR | Credit Quality | Star Rating |
|---|---|---|---|---|---|
| 0% Aug 2009 | 0% June 2010 | 2.9% | 15.90% | Good Credit |  |
A highly competitive credit card and the only one where you will receive a gift - an Interest Payment Back to you.
| Intro APR | Transfer Rate | Transfer Fee | Standard APR | Credit Quality | Star Rating |
|---|---|---|---|---|---|
| 0% 6 months | 15.9% | Good Credit |  |
If you’re looking low interest credit cards then RED gives you the opportunity help others all over the world whilst you spend at home.
| Intro APR | Transfer Rate | Transfer Fee | Standard APR | Credit Quality | Star Rating |
|---|---|---|---|---|---|
| 12.90% | 5.9% 6 months | No Fee | 12.90% | Excellent Credit |  |
An ingenious idea for a balance transfer option that means the more you pay each month, the less interest you're charged.
| Intro APR | Transfer Rate | Transfer Fee | Standard APR | Credit Quality | Star Rating |
|---|---|---|---|---|---|
| 0% 3 months | 0% 14 months | 2.9% | 14.9% | Good Credit | |
This credit card the from ethical lenders make for a great combination and this low interest credit card is no exception.
| Intro APR | Transfer Rate | Transfer Fee | Standard APR | Credit Quality | Star Rating |
|---|---|---|---|---|---|
| 12.9% | 12.9% | No Fee | 12.90% | Good Credit | |
The ethical bank has a superb package with up to £100,000 free travel accident insurance and exclusive platinum travelclub benefits.
| Intro APR | Transfer Rate | Transfer Fee | Standard APR | Credit Quality | Star Rating |
|---|---|---|---|---|---|
| 9.90% | 9.90% | 9.90% | Good Credit | |
This credit card the from ethical lenders make for a great combination and this low interest credit card is no exception.
| Intro APR | Transfer Rate | Transfer Fee | Standard APR | Credit Quality | Star Rating |
|---|---|---|---|---|---|
| 12.9% | 7% 6 months | 3% | 12.90% | Good Credit | |
Long interest free periods plus offers discounts on holidays, hotels and car hire make this a very interesting card offer.
| Intro APR | Transfer Rate | Transfer Fee | Standard APR | Credit Quality | Star Rating |
|---|---|---|---|---|---|
| 0% 6 months | 0% 13 months | 2.9% | 16.90% | Good Credit | |
Pioneers of rewarding their customers this new credit card is in tune with modern lifestyles and modern spending.
| Intro APR | Transfer Rate | Transfer Fee | Standard APR | Credit Quality | Star Rating |
|---|---|---|---|---|---|
| 12.9% | 4.9% 36 months | 3% | 12.9% | Good Credit |  |
Natwest offers cards to suit all circumstances. With 0% balance transfer credit cards and 0% on purchases there’s a card to suit all.
| Intro APR | Transfer Rate | Transfer Fee | Standard APR | Credit Quality | Star Rating |
|---|---|---|---|---|---|
| 0% 6 months | 0% 13 months | 2.9% | 16.90% | Good Credit | |
