Low Interest Credit Cards – Offers and Comparison

If you currently pay over 15% interest p.a. on your credit card, you should strongly consider applying for a low rate credit card that will save you money on credit card repayments, particularly if you carry a balance on your card each month. Compare the Low Interest card offers below and apply securely online!

While low interest credit cards are a category as a whole, specific sub-categories still exist within them. Since each credit card has a different selling point, such as a low cash advance or introductory purchase rate, it can’t simply resort down to the overall’ best low interest rate credit card’.

Note that if you regularly pay your balance in full on a month to month basis, a low interest card may not offer as many benefits as say a reward credit card.

Editor’s Choice: Best Low Interest Rate Credit Card

The St. George Vertigo is a great introductory credit card offers with a low on-going interest rate and balance transfer offer that will help you transfer your existing balance from your current credit card at a low cost. This is a great credit card if you love shopping, as you will enjoy a low interest rate on your credit card purchases.

• $55 annual fee
• 13.24% p.a. on purchases
• 0.99% p.a. for 12 months on balance transfers
• Cash Advance Rate of 21.49% p.a.
• 55 days interest free
• Minimum Income Requirement of $15,000 p.a.

Read the St George Vertigo terms and conditions.

Compare Low Interest Rate Australian Cards

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
	St George Vertigo	Enjoy one of Australia’s lowest credit card rates with one of our big four banks.	13.24%	0.99% for 12 months	$55	21.49%
	Citibank Clear Platinum Card	A low interest rate, balance transfer offer and countless Platinum benefits.	11.99%	2.9% for 12 months	$99	21.74%
	Westpac Low Rate Card	Save with a low ongoing 13.24% p.a on purchases. Your choice of a Low Rate Visa or MasterCard.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Card	Citibank’s low interest rate card if you are interested in a Citibank card but do not meet the application criteria for the Clear Platinum.	15.99%		$65	21.74%

For more information, visit our section on low interest credit cards in Australia.

Low Purchase Rate:

When the term ‘low interest rate credit card’ comes to mind, this would be what most Australians would associate the term with. Currently, one of the lowest purchase rates available for online application is the St.George Vertigo card, with 13.24% p.a. on purchases.

Best Promotional Purchase Rate:
The Aussie MasterCard offers 9.99% p.a. for 12 months (reverts to 13.29% p.a.) and 2.99% p.a. for 12 months on balances transferred. Reverts to a standard and yet still low 9.99% p.a. for 12 months (reverts to 13.29% p.a.) after the intro period is over.

Glossary of Credit Card Terms

Annual Percentage Rate (APR): An APR is the measure of the cost of credit, expressed as a yearly interest rate. There are two basic types of APR plans – variable and fixed rate plans.

• “Variable APR” allows the credit card issuer to change your APR when interest rates or other economic indicators; called indexes, change. These days, most credit card offers include variable rates. If you’re considering a variable rate card, the issuer must also provide information that discloses to you: how the rate is determined, which index is used, and what additional amount (“margin”) is added to determine your new rate. You will also receive information about how much, and how often your rate may change.
• “Fixed Rate” plans are not subject to adjustment like variable rates. They remain at the disclosed level indicated upon opening the account. But be aware: credit card companies often include disclosures which allow them to change this rate at any time. But they must provide a written notice at least 15 days prior to the change.

Grace Period: Also called a “free period,” a grace period lets you avoid finance charges by paying your balance in full before the due date. Knowing whether a card gives you a grace period is especially important if you plan to pay your account in full each month. Without a grace period, the card issuer may impose a finance charge from the date you use your card or from the date each transaction is posted to your account.

Annual Fee: Many issuers charge annual membership or participation fees. They range from $25 to $50, sometimes over $100 for “gold” or “platinum” cards.

Transaction Fees and Other Charges: A card may include other costs. Some issuers charge a fee if you use the card to get a cash advance, make a late payment, or exceed your credit limit. Some charge a monthly fee whether or not you use the card.

Balance Computation Method: If you don’t have a grace period, or if you expect to pay for purchases over time, it’s important to know what method the issuer uses to calculate your finance charge. This can make a big difference in how much of a finance charge you’ll pay ‘” even if the APR and your buying patterns remain relatively constant.

Check out today's featured offers:

Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum	Westpac Low Rate
2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%
	American Express Qantas Discovery Card	Earn Qantas Frequent Flyer points, plus take advantage of the no annual fee offer.	20.74%		$0	20.74%