Low Interest Rate Credit Cards

Updated 2 February 2021

Featuring a low ongoing purchase rate, a low interest credit card could help you save on interest if you tend to carry a balance month-to-month.

A low interest rate credit card is a card that charges a low rate of interest on purchases. While that low rate can vary according to the card provider, you will usually find the purchase rate on these cards range from around 9 or 10% p.a. to 14 or 15% p.a. Typically, really low rates feature more on smaller providers such as credit unions and customer-owned banks.

However, there are other factors that can affect that low interest rate. Cards that offer a number of features or rewards may have slightly higher purchase rates. So, the more the basic the card, the lower that purchase rate tends to be. Which card you choose will depend on what you want more: money-saving or extras.

Making it nice and easy to compare the options, this page features a variety of cards offering low interest ongoing, as well as low interest offers. To find out how well each card does its job in terms of offering low interest, simply check out our handy visual comparison tool. On a desktop, a circle, and on a mobile device, a bar. How far they are filled in shows how strong the offer is.

Going beyond each card’s interest rate, you can also check out other important features such as annual fees and balance transfer offers. Again, use our visual comparison tool to get a feel for what each card has to offer here too. If you really want to save money on your card, finding one that combines a low rate with a low fee could be a winner. All that’s left to do is apply.

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Bank Australia Low Rate Visa Credit Card

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