3. What are Low Interest Rate Credit Cards? 02 Introduction about low interest rate credit cards. Low interest rate credit cards are typically most suited to people who can’t make the ‘55 day interest free period’ regularly. You can save much money when you apply low rate credit cards either for balance transfer or repayments on your new card.
4. How Can Low Interest Rate Credit Cards May Help You. 03 Benefits of Low Interest Rate Credit Cards. More affordable for making purchases Reduce your credit card balance and repayments Ideal if you have a revolving credit card balance You are able to make purchases on your card and repay them at a low interest rate, keeping down your credit card balance. If you are on a credit card with 15% interest or more, you should opt for a balance transfer to a lower rate credit card to pay off your existing card. Have a low interest rate to ensure you pay the least amount of interest to your bank.
5. How is Interest Calculated? 04 Aggregated balance includes purchase, cash advance and special balances, and any interest charges shown on a statement of account which are outstanding. Fees are not included.
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8. FAQ about Low Interest Rate Credit Cards 08 2 Commonly asked questions about low interest credit cards. Question: Which credit card has the lowest interest rate and is the cheapest credit card? A: The St. George Vertigo MasterCard is the lowest interest rate credit card in Australia. Question: When is purchase interest charged? A: For cards with an interest free period, interest is charged on the last day of your statement period. Purchase interest is charged from the day the transaction takes place until the end of the statement period.