Low Interest Rate Cards
If you’re looking for no-thrills reliability as opposed to the perks that a 0% purchases or 0% balance transfer card can offer, a low interest credit card may just be the solution for you.
To view the best low interest rate credit cards please visit our
credit card comparison section
The major appeal of such a card is evident in the name itself. You’ll be paying a much lower interest rate than you would have been after the celebrated introductory periods of the competition.
For example, a 0% deal is great while it lasts, and if you can pay off your debt in time. But if you step out of the introductory period, you’ll subsequently find that your APR skyrockets to between 15% and 20%. What about the heralded low standard interest rate?
With this particular card, you can expect to almost halve the APR that you’d be charged on a 0% credit card. It’s possible to pick up interest rates at the 10% mark, and in some cases, just below.
If you look down upon the account hopping of 0% transfer deals, and you don’t have the time to dedicate to the cause, a low interest rate is likely to provide much more in the way of stability. You can sit back and pay the steady standard rate. Admittedly, you might miss out on money that could have been saved, but you’ll also have peace of mind. It’s a question of weighing up what matters most and making a sensible decision.
The deliberation doesn’t end here though. If you’re so intent on a stable low interest credit card, have you fully considered the benefits of a standard loan? While they don’t come with credit card “fix it” factor, they charge even lower interest. As a less glamorous alternative, you can actually save a whole lot of money.
Loans are often overlooked, and it’s easy to see why. They don’t have the intense media spotlight on them, and they’re seen as a frankly less attractive option on the market. You can also find lower interest rate in specialty lifetime balance transfer cards. These come with restrictions of their own, but they are well targeted for the reliable customer.
If you’re convinced that a low standard interest rate credit card is right for you, you can guarantee your budget for the future. You don’t have to worry about the scrambled complications of, say, using money on a 0% purchases card. Things get extremely messy when we start dealing with the clauses and small print, so it can be easier to commit to a credit card where you know where you’re going to be a few months down the road.
Don’t expect to receive too many incentives as part of the deal. The credit card companies generally consider low standard interest rate deals to be ideal for the more sensible customers. And as such, they don’t expect to have to cloak them in marketing gloss. Consider a low interest rate deal if you’re worried about the hidden dangers of the more publicised credit cards. And also if you’re more interested in stable repayments.
To view the best low interest rate credit cards please visit our
credit card comparison section
