Best Low Rate Credit Cards

A low interest rate credit card can help you remain in control of your credit card debt for the long term so find out more about how to compare low rate credit card deals, and follow the secure links from our site, directly to an online application form to sign up today.

Compare the Best Low Rate Credit Card Deals

	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)

A low interest rate credit card sounds like a dream come true and in some ways it can be, if you are a bit of a shopaholic, or need access to emergency credit every now and then, knowing that your purchases are only being charged a low interest rate can be reassuring. However, before you start putting your details into a low interest rate credit card application, find out everything you need to know about the pros and cons of a low rate credit card deal, and how to compare all of those options to find the best ones for you.

Pros and Cons of Low Interest Rate Credit Card Deals

Before you choose the best credit card for you, you need to consider the benefits and the drawbacks to each type of card, as well as the individual credit card deals. Therefore, when you are considering a low interest rate credit card, weigh up these pros and cons.

Pros of low interest rate credit cards:

Less interest on an emergency purchase. If you need to use your credit card for an emergency repair or unexpected bill, it is because you don’t have the funds available. Therefore you probably also don’t have the funds available to repay your credit card balance right away either. However, with a low interest rate credit card you don’t have to worry about high interest charges and you can repay your purchase when you can afford to.
Less interest if you rollover your balance regularly. You may have a little shopping addiction or you may be self-employed or on a tight budget so your savings don’t always stretch to pay all the bills. In this case, you can relax knowing that your purchases are not accruing high interest amounts, and you can remain in control of your debt as you work to make ends meet, or to fit all your new purchases in the wardrobe.
Easier to control spending and avoid the hangover. The post-Christmas credit card hangover is a typical headline in January and February when we have all splurged over Christmas and the New Year and are struggling to repay our purchases. However, with a low interest rate credit card you can remain in control, and you don’t have to be one of the thousands of Australians who choose a balance transfer credit card as their New Year’s resolution. Instead of going through balance transfer applications and worrying about when the offer expires, you can stick with your low rate credit card and get back in control.

Cons of a low interest rate credit card:

No rewards program. The best reward you can get from a low interest rate credit card is the reward of being in control of your debt. Typical rewards programs where your spending accumulates rewards points are not typical of low rate cards.
No interest free days. It is also typical that low rate credit cards may not have an interest free period because the interest rate is so low, you don’t need to be as conscious about avoiding it.
Can easily turn into a high interest credit card debt. Even a low interest rate is calculated daily and compounds each month, so your low rate credit card balance can easily grow into a high balance with a high portion of interest charges over time if you become too complacent about enjoying a low interest rate.

How to Compare Low Interest Rate Cards

If you have decided that the benefits of the low rate credit card deals outweigh the cons in your situation, then you need to know how to compare the top low interest cards to find the deal which is best for you:

A low rate should be mid to low teens. Make sure when you are comparing low rate cards that they really do have a low rate, anything higher than 14-15 per cent should be discarded, especially when there are low interest rate credit card deals available as low as 11% currently.
Compare the other features of the credit card deal. Look at whether the cards you are comparing are easy to use, can they link to your savings account for direct payment of your bill? Can you make BPAY payments from your credit card if you need to? And just because interest free days are not a standard feature of low rate cards, it doesn’t mean they’re not out there.
Consider a balance transfer offer to start off on a better credit card deal. Low interest rate credit cards often have very attractive balance transfer deals and a low balance transfer interest rate helps you regain control of existing credit card debt, and once your debt is paid you are left with a low interest card which better suits your needs for the long term.

For more information about current low interest rate credit card deals, view our comparison tables. You can choose a low rate card from the top Australian providers, and follow a secure link directly to an online application form so you can enjoy the freedom of a low interest rate sooner.

GEM Visa Credit Card Review

Most credit card companies make their offerings in an attempt to grab your cash. Yet the GEM Visa credit card offers you so many ways to save money and protect your credit card that it’s easy to see why this card is so popular.
How To Find The Best 0% Interest Credit Cards

When you need a credit card, you want to find one with the lowest rate. Get the scoop on finding cards that offer 0% interest on transfers so you can save money.
What Is A 0% Purchase Rate?

These cards offer 0% interest rates on your new purchases and they sound like a great deal. Read your terms and conditions though because they might not be as good as they seem. Here’s some information to help you decide whether or not the offer that you’ve got is too good to be true.
DON’T Pay Huge Credit Card Interests!

One of the most important issues when it comes to the use of a credit card is undoubtedly the interest rate applied to your account. And if you want to avoid paying too much for this rate, you should read the following information carefully because it will only bring you benefits.
Which Low Interest Credit Card Offers The Best Deal

When looking for the best credit card product for you, the interest rate is one of the most important features to be taken into consideration and you will most definitely want to find a deal which will enable you to pay less. If you find yourself in such a situation, make sure you read the following lines and use the information presented to you wisely.
Credit Card Interest Rates – A Brief Background

The level of interest applied to your account should most definitely be your most important concern when it comes to deciding upon the ideal financial product for you. Therefore, make sure you read the following information carefully if you want your process to be a faster and more accurate one for you.
Zero Interest Credit Cards – Advantages & Disadvantages

There are many aspects to consider before applying for a zero interest credit card product, since most of the lenders will come up with alternative ways of increasing their product in order to compensate the features they offer to you. If you want to have a clearer idea about how things work, you should definitely read the following pieces of advice which will be really helpful to you.
Lower Interest Rates on Your Credit Card Balance

Now is the time to make a commitment to getting lower interest rates on your credit cards. Learn some ways you can easily and effectively minimise the interest that adds to your credit card debt. Read on to find out how…
Pay Off Credit Card Debt With a Low Interest Credit Card

Credit card debt can add up incredibly fast. Find out what your options are to pay off your balance and regain control of your financial health…
Pros And Cons Of Zero Interest Credit Cards

If you need the pros and cons of zero interest credit cards then the following article will give you an overview. It will put you in a position of picking a card with confidence because of your new-found knowledge…
Compare Credit Card Interest Rates

Finding a new credit card can be very difficult or it can be very simple. If you are not concerned with reward programs or annual fees, it really comes down to how you compare credit card interest rates. This article outlines a few points to remember and gives some tips on the comparison process.
Low Interest Credit Card Rate

A low interest credit card can save you a great deal of money, but only if the other features on the card combine to make the card cost effective. Read on to discover whether your low interest rate is hiding a nasty secret.
Low Interest Credit Cards In Australia

Low interest rate credit cards in Australia certainly get the most consumer attention. However, are they always the deals that will save you the most money? Most of the time this is a question you will already have the answer to.
Compare Low Rate Credit Cards

There are many low rate credit cards available, but although they may all have a low rate of interest, there may be other features of the card that don’t suit you as well as a customer.
Low Interest Credit Card Offers

Get rid of your card with sky-high interest rates and go for low interest credit cards. Read on to see that there is much more benefits on top of the low interests rates.
Low Interest Credit Cards Australia

The obvious benefit of a low rate credit card is the rate of interest you are paying will be very low. Are there any other benefits with these kinds of credit cards, and more to the point are there any disadvantages?
Low Rate Credit Cards

Low rate credit cards can be a great tool if you are looking for ways of cutting your credit card costs. Do your due diligence and look at the negatives as well as the positives to avoid getting stung.
Credit Card Interest Rates

Credit card interest rates are one of the biggest causes of rising credit card debt. Finding yourself a card with a low rate of interest is one of the best ways to save money on your card. However is it possible to run a credit card cheaply regardless of the interest rate?
Pros and Cons of Low Purchase Rate Credit Cards

Credit card providers love to blast off in their advertising how low their purchase interest rates are. They know the appeal it has on consumers. However, they usually leave out information on the pros and cons (mostly cons) of having a credit card with a low purchase interest rate. Some of these cards may not often be the best option for a certain type of customer.
Pros & Cons of Low Purchase Rate Credit Cards

There are plenty of pros & cons of low purchase rate credit cards that you could keep in mind. If you’re considering changing credit card providers, take some time to work out the good points and bad points of the available offers before making your decision.

Page 1 of 2
1
2
>

Editors Choice: Featured Credit Card Deals

	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)

Card Types

Card Providers

Information & Guides

Free eBook

NEW! A Guide to Australian Credit Cards

Learn the basics about credit cards in the Australian Market. Find out about the different types of offers and what they mean.

Email Offers

Receive the Best Credit Card Offers, Deals & Tips

Secondary Providers

Information

Disclaimer

Best Credit Cards is a financial comparison website, it has no affiliation with Australian Banks. We make an effort to keep up to date with all materials posted on this website, however there can be a delay between us and the banks. Best Credit Cards only represents a limited group of credit cards that are currently accessible by the Australian Market. The term 'best' is by no means a representation of the best card in the australian credit card market. It may not represent the best choice for your individual circumstances. It is always advised that you seek consultation from your own financial advisor before making a decision.