The Advantages of Credit Cards with Low Interest Rates
Posted August 31st, 2009
and last modified March 10th, 2010It is actually very convenient to use a credit card with low interest rates for your shopping needs. With a credit card, there is no need for you to go to the bank and get some cash to pay for your purchases. Aside from that, you don’t have to worry that you will be carrying a large amount of money with you all the time if you have a credit card.
Featured: Low interest credit card from St. George
Paying off a low interest credit card is much easier than paying off a high interest card. Combined with a balance transfer, the St. George Vertigo MasterCard is a great low interest credit card to consider applying for.
- $55 annual fee
- 2.99% for 6 months p.a. on purchases
- 20.74% p.a. on cash advances
- 2.99% p.a. for 6 months on balance transfers
Overall, a low interest rate credit card is much cheaper compared to other types of credit cards.
Advantages of Credit Cards with Low Interest Rates:
- Credit cards with low interest rates are affordable if you will be using them for purchases.
- This type of credit card can be used in many different ways.
For people who would like to have a credit card that is used for emergency purposes only, good credit cards to consider are credit cards with low interest rates.
On the other hand, if you are planning to use your credit card frequently to make purchases, you can still benefit from a low interest rate credit card. You can use a low interest credit card as a back up or bridge finance that gives you access to money in case you don’t have enough funds to pay for your primary credit card.
What is the best low interest rate credit card?
Actually, looking for the best interest rate credit card is not that difficult. You can make a comparison between the credit cards offered and judge them according to your needs and demands.
The lowest interest rate for a credit card nowadays could be as low as 9%.
Applying for a Credit Card:
At some point in your life, you will experience a need for cash to buy something you need. Perhaps you need to pay your bills immediately but don’t have any funds. When you are in this situation it is probably a good time to apply for a personal credit card.
Applying for a credit card is very easy because you can now do it online. All you have to do is complete the online application and submit it. You can apply for a credit card without leaving your desk or having to stand in a long line during your lunch break.
Related posts:
- Best Balance Transfer Rates – 0% Interest Credit Cards
- New to Credit Cards? A Guide to Interest Rates
- A rise in interest rates has been forecasted
- No Frills Credit Cards: The Benefits & Advantages
- Reserve Bank Interest Rates: Understanding Monetary Policy
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Editor's Choice: Our Top Credit Cards
Bankwest Lite MasterCard
Cheapest Credit Card
The lowest stress mastercard, with Australia's lowest MasterCard purchase rate of just 9.99% p.a.
St George Vertigo
Best Bank
Low 2.99% for 6 months (reverts to 11.99%) p.a. interest rate and balance transfer rate, from one of Australia's most respected banks.
Coles Group Source MasterCard
Citi Clear Platinum Visa
Low Interest
An excellent low interest credit card offer with 11.49%interest on purchases and 0.99% for 6 months on balance transfers .
Bankwest Zero Platinum MasterCard
No Annual Fee
Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 12 months on balance transfers