Low Rate Credit Cards
Low rate credit cards are the family of cards that are purpose-built for spending as they offer lower (or no) interest rates than other cards.
With few exceptions, the reason we all love credit cards is the ability to use them to buy things we can't quite afford with cash. The reason we hate credit cards is the interest we're charged after making those purchases!
Low rate cards are the headache tablet for interest rate migraines - they ease the pain, if not clear the problem altogether.
While we don't advocate spending more than you can afford, we thoroughly recommend that if you are going to spend, spend on a low rate card.
Low Purchase Rates
- Make purchases on your card at a pleasingly low interest rate.
- This is the right type of credit card for you if you enjoy spending wildly but hate the high APR interest charges you see on your statement each month. While they are not interest-free, their APR is a lot more palatable than most cards.
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0% Purchase Rates
- Pay no interest on your purchases for an initial period.
- This is the right type of credit card for you if you are planning to do some spending soon after you get your card. The 0% introductory rates can last quite a while, but be warned that they do go up again later so ensure you have paid off your balance in full before the end of the intro period.
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