Finding the best credit card low interest deals

When we look for new credit cards one of the first things we take into account is the interest we are going to be paying on our purchases.

This is perfectly natural, because we want to be as informed as possible about how much the credit card is likely to cost us.

But there is more to take into account in terms of the cost of a credit card than just the interest rate.

Let’s take a quick look at the main fees associated with credit cards.

Credit card low interest deals are pretty common. You can get a standard credit card with an interest rate of somewhere between 11% per annum and 13% per annum. This seems to be the industry standard, and has been for some time.

If a credit card offers you a lower rate than this, it is likely there is a catch in another area. For example, the annual fee could be higher, or you may have to pay excessively high late payment fees.

Most annual fees on standard cards come in at around $48, with some pushing closer to $100. If you sign up for a card with a $100 annual fee you will want to make sure it offers pretty great features!

Also, remember to check that the interest rate the bank has offered you on your new credit card is not just a ‘honeymoon’ rate. Sometimes a very cheap rate will be offered just to lure you in, but it is only a temporary rate. Very soon the rate will increase and you will be left trying to pay off more money!