Best Low Interest Credit Card
February 7th, 2010
Get an idea of the best credit card with a low interest rate on purchases. Check out the Bankwest Breeze MasterCard so you can enjoy a fantastically low 10.99% p.a..
Best Low Interest Credit Card
With Australia’s lowest interest rate, as well as a excellent balance transfer offer, the Bankwest Breeze Mastercard is the perfect card for people with existing debt that want to transfer, or people who are unable to pay off they are amount month in month out.
- $69 annual fee
- 10.99% p.a. on purchases
- 4.99% p.a. for 12 months on balance transfers
- Cash Advance Rate of 21.99% p.a.
- 55 days interest free
The Bankwest Breeze MasterCard is currently one of the best credit cards on the market for low interest rates on purchases. In fact, you would be doing very well to find a lower rate than the 10.99% p.a. it offers, and a more generous credit card deal all-round.
Managing to dip into single figures on purchase interest rates is a rare trick amongst credit cards. This is where credit card companies derive most of their income, so you would expect that such a low rate would need to be balanced by higher fees and charges elsewhere. This is not the case, truly making the Bankwest Breeze MasterCard one of the best credit cards available at the moment.
Not only does it have an annual fee of just $69, it also boasts one of the most attractive balance transfer deals on the market. Where many deals are for six months at 0%, the Bankwest Breeze MasterCard offers a 4.99% p.a. for 12 months.
That’s a lot more freedom and flexibility for not much more interest. For this reason, it can also easily rank amongst the best credit cards for balance transfers. One of the biggest mistakes people make with balance transfers is to take a six month period when they really need longer. Any balance remaining on their debt beyond the six months reverts to the standard rate of interest, and that may even be the much higher rate that applies to cash advances.
Features of the Bankwest Breeze MasterCard
Check out the following features and you will see several areas where this card is a contender for best credit card:
- Purchase interest rate of just 10.99% p.a. p.a.
- 4.99% p.a. for 12 months on balance transfers
- A very reasonable annual fee of only $69
- Add up to 3 additional cardholders at no extra charge
- Up to 55 days interest free on purchases
- 21.99% p.a. p.a. interest on cash advance
- Bankwest Online Banking provides 24/7 account access
- MasterCard acceptance at over 27 million outlets worldwide
For anyone searching for the best credit cards for purchase interest, then finding the Bankwest Breeze MasterCard will bring the added bonus of a low annual fee and a fantastic offer on balance transfers. You really couldn’t wish for much more than this in on one credit card.
As rates and fees start to creep up as the worst of the economic crisis subsides, now may be your last chance for many years to secure such a great all-round deal.
Editors Choice: Featured Credit Card Deals
| Interest Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual fee | Cash Advance Rate (p.a.) | ||
|---|---|---|---|---|---|
 Westpac 55 Day Credit Card | 0% for 5 months (reverts to 19.59% ) | 3.99% for 6 months | $0 | 21.49% |
|
 Citibank Clear Platinum Card | 11.99% | 2.9% for 12 months | $99 | 21.74% |
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