Low interest credit cards could be the answer to staying out of debt for many Australian consumers. There is a tendency to utilise credit cards as a source of funding when it really isn’t backed by cash in the bank. A line of credit is convenient for making fast payment or to bail you out in case of emergency, but routine use of credit without the ability to pay down the balance quickly can lead to rising debt. Having low interest credit cards can make carrying a balance not quite as problematic! More…
While low interest credit cards can seem like the key to everything you want, credit should really be used only when you can back it with solid funding. However, it can provide many consumers with peace of mind knowing they can cover their shopping spree or a vehicle breakdown if needed, especially if the interest being charged is low. There are a few things you should know about low interest credit cards before filling in an application, however; the pros and cons of each credit card deal, how to find the best credit card programs, and how to compare very different cards to each other and to your own needs to find the best one for you.
With the BoQ Low Rate Visa Card you get a 13.49% pa Interest Rate.
With the BoQ Low Rate Visa Card you get a Balance Transfer Rate of 1.90% pa for 6 months then any outstanding transferred balance will revert to Cash Advance Rate.
With the BoQ Low Rate Visa Card you get a 21.49% pa Cash Advance Rate.
With the BoQ Low Rate Visa Card you get up to 55 Interest Free days.
With the Citibank Clear Platinum Card you get a 11.99% pa Interest Rate.
With the Citibank Clear Platinum Card you get a Balance Transfer Rate of 2.90% pa for 12 months then any outstanding transferred balance will revert to Cash Advance Rate.
With the Citibank Clear Platinum Card you get a 21.74% pa Cash Advance Rate.
With the Citibank Clear Platinum Card you get up to 55 Interest Free days.
The Citibank Clear Platinum Card has an Introductory Annual Fee of $49 for the 1st year then $99 thereafter.
These minimum requirements are intended as a guide only. Your application may still be rejected by the card issuer even if you can answer 'Yes' to all of these requirements. The final decision regarding your application is solely up to the card issuer.
