Finance Choices
Low Interest Credit Cards
If you are searching for low interest credit cards in the United Kingdom, then you have come to the right place.
Major credit card companies are desperate for new customers with good credit ratings to sign up for their cards, and most are now willing to offer a zero percent introductory interest rate (0% APR) for up to six months or more.
This is effectively a free loan! So why not take full advantage of this situation now and play the credit card companies at their own game?
Remember, before the six months introductory period is up, it is time to move on to another credit card company, and transfer that balance!
It only takes a few minutes of your time to sign up, and you will start saving money on interest on outstanding credit card balances as soon as your transferred the balance to your new card. It's as simple as that!
Most borrowers don?t shop around before applying for a new credit card and inevitably fail to get the best credit card deal. Most people think they just haven?t got the time to sift through all of the information available. With so many interest free credit cards and low interest credit cards on offer, finding the best credit card for you can be a headache. This site makes is easy for you to shop around and compare what is on offer.
If you have a debt on you're current card it makes sense to transfer the outstanding balance to a card offering 0% for credit card balance transfers.
The aim of this website is to summarise what each credit card is offering in a clear and simple format by providing consumers with a comparison service that does the shopping around automatically. You can see at a glance which cards offer introductory rates, low interest rates, cashback deals, reward programs and which cards could save you money by providing a 0% credit card balance transfer facility or interest free credit on purchases.
Recent research revealed that more than 60% of people don't know the interest rate they are currently being charged on their credit card. Only 32% of people questioned said they chose their card provider because it offered a low interest rate. At the same time 78% admitted they had never changed their credit card and were probably on a deal that was out of date, while 58% said they simply get their plastic from their bank.
If you've had your current credit card for a couple of years or have a card provided by your bank, it is very likely you are paying significantly more in interest than you need to. The UK credit card market has traditionally been characterised by customer apathy with many people sticking with the first card they receive which is quite often a card provided by their bank. This does not have to be the case as switching credit card providers is very easy and there are some very good deals for credit card balance transfers.
Simply view our low interest credit card comparison table in order to find the right card for you. We have also reviewed all of the leading credit card providers in the UK today so you can get both Bruce and my opinions plus the views of our readers on the best credit card for you.
Major credit card companies are desperate for new customers with good credit ratings to sign up for their cards, and most are now willing to offer a zero percent introductory interest rate (0% APR) for up to six months or more.
This is effectively a free loan! So why not take full advantage of this situation now and play the credit card companies at their own game?
Remember, before the six months introductory period is up, it is time to move on to another credit card company, and transfer that balance!
It only takes a few minutes of your time to sign up, and you will start saving money on interest on outstanding credit card balances as soon as your transferred the balance to your new card. It's as simple as that!
Best Low Interest Credit Cards
Most borrowers don?t shop around before applying for a new credit card and inevitably fail to get the best credit card deal. Most people think they just haven?t got the time to sift through all of the information available. With so many interest free credit cards and low interest credit cards on offer, finding the best credit card for you can be a headache. This site makes is easy for you to shop around and compare what is on offer.
If you have a debt on you're current card it makes sense to transfer the outstanding balance to a card offering 0% for credit card balance transfers.
It Pays to Shop Around
The aim of this website is to summarise what each credit card is offering in a clear and simple format by providing consumers with a comparison service that does the shopping around automatically. You can see at a glance which cards offer introductory rates, low interest rates, cashback deals, reward programs and which cards could save you money by providing a 0% credit card balance transfer facility or interest free credit on purchases.
Recent research revealed that more than 60% of people don't know the interest rate they are currently being charged on their credit card. Only 32% of people questioned said they chose their card provider because it offered a low interest rate. At the same time 78% admitted they had never changed their credit card and were probably on a deal that was out of date, while 58% said they simply get their plastic from their bank.
If you've had your current credit card for a couple of years or have a card provided by your bank, it is very likely you are paying significantly more in interest than you need to. The UK credit card market has traditionally been characterised by customer apathy with many people sticking with the first card they receive which is quite often a card provided by their bank. This does not have to be the case as switching credit card providers is very easy and there are some very good deals for credit card balance transfers.
Simply view our low interest credit card comparison table in order to find the right card for you. We have also reviewed all of the leading credit card providers in the UK today so you can get both Bruce and my opinions plus the views of our readers on the best credit card for you.
posted by Barbara Gordon at 4:18 PM
Low Interest Credit Cards
3 Comments:
Low interest credit cards are wonderful if you can get your hands on one. They offer great rates so it is easier to pay off your balance in a timely manner. These cards are perfect for those making large purchases on their credit cards, or even those that use their card for everyday purchases. If you are researching low interest credit cards, consider these factors during your search.
Credit Score
To qualify for low interest credit cards, you have to have great credit. There are several scores that fall in the "excellent credit" and in the "good credit" groups in terms of the credit bureaus. If your credit score falls into either of these groups, you will most likely qualify. However, if your score does not fall into these groups, you will most likely not be able to get any low interest credit cards. These cards are for the lowest risk cardholders, which are those with
nearly flawless credit score.
Common Rates
For those that do qualify, low interest credit cards offer great rates. The most common rates fall between 9% and 15%. These cards are great when you need to make large purchases, because although your balance may be high, you will not be charged as much interest on it as a normal credit card would charge. The lower rate you can find the better. So, be sure to shop around before committing to a card.
Introductory Offers
Low interest rate credit cards offer some of the best introductory offers out there. Many of the low interest rate credit cards offer over a year with no APR. This is an amazing opportunity for cardholders to
charge without any fees attached. Card companies know that people who own these cards usually keep paying off the balance, even without being charged APR, so it is still profitable for them to offer this plan.
Fees
Very rarely are there ever annual or enrollment fees on low interest
credit cards. These are the top of the line credit cards. Therefore, to charge unnecessary fees would deter cardholders from applying. If you do run across a card that charges an annual or enrollment fee and you have perfect credit, you need to look elsewhere for your card. Those with great credit should never pay these fees, for they are intended for high risk cardholders with bad credit.
Low interest credit cards can be extremely helpful when it comes to
your credit card finances. The less amount of interest you have to pay, the better off your finances are in the long run. Be sure to research your low interest credit card choices before applying. Some cards may give you the low interest rate for the first few months and then raise
it dramatically. As long as you are informed about your credit card, you can make wise decisions.
Everybody says to consolidate all your credit cards into one low interest card.
I've search the net and found a couple that have 2.9 and 3.9 rates for 6 months and then they jump to 19 to 21%. One advertises 9.9% after the 6 months 2.9% is done. When I read the fine print that 9.9% is only if you have $0 balance (it's 19% for under $2000 and 21% for over $2000!).
The bottom line is there are no "good deals" in using credit cards for revolving credit. Charge no more than can be paid when the statement arrives and never carry a balance unless you want to pay high interest rates.
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