We want to help you find the credit card with the lowest interest rate in just a few clicks:
All you need to do is:
Search the market to make sure you’re finding deals best suited to you. Comparing credit cards will highlight the important information such as APR, any fees and your eligibility.
Once you’ve been approved for a credit card, you’ll receive it shortly after. Your credit card will have a credit limit which is the maximum amount of money you can owe at any one time, before you start incurring additional charges.
You’ll receive your credit card bill every month and it will show you the balance you owe. It’s important to make payments on time and if possible you should aim to pay off your card in full each month.
There are a range of different types of credit card on the market, and while they all work in a broadly similar way, there are some important differences.
Switch an existing card balance to a lower rate or 0% interest balance transfer card to clear your debts more quickly.
There will usually be a balance transfer fee.
Earn loyalty points or Air Miles with purchases you make using the card.
Can suit those who spend a lot on their credit card but always clear the balance in full each month, as interest rates can be high.
Allows you to consolidate other debts and pay a lower interest rate.
Typically, they are used to transfer cash to a current account so you can pay off an overdraft. Transfer fees usually apply.
Offers a low or 0% interest rate on what you buy on the credit card for an extended offer period.
This time period will vary depending on the deal, but it could be up to two years.
Gives you a percentage back on certain purchases made on the card.
Suits spenders who know
they can clear their card balance every month as interest rates can be high.
A combined card for those who have an existing card balance to switch to a lower or 0% rate, but
who also need to spend on the card.
The best deals offer 0% interest on transfers.
This type of credit card is ideal for taking abroad because the fees and charges for overseas use are
much lower than those on standard credit cards.
You should also get competitive exchange rates.