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Compare Low Interest Rate Credit Cards

Find a Low APR Credit Card

Some Credit Cards offer low rates on balance transfers and purchases. These cards usually do not charge a handling fee for balance transfers too. Compare low rate credit cards today, Money Expert help you get the best possible price on the rates of credit cards, ensuring you get the best low rate credit card possible.

Find the best low rate credit card deal that suits your needs from leading UK banks and financial providers and apply online.

Our Expert choice:Barclaycard Platinum With BT

Our Expert Choice Credit Card

0% interest on balance transfers for 34 months from account opening (2.99% handling fee applies). A fee of 3.5% will be applied, then reduced to 2.99% by a refund.

  • 0% interest on purchases for 9 months from account opening.
  • 18.9% APR Representative Variable.

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Expert Choice Credit Cards
Balance Transfers Purchases
Credit Card Rate Duration Fee Rate Duration Representative APR Apply
Lloyds Bank
6.45% 3
Months
0.0% N/A N/A 6.4% APR
Representative variable
Lloyds Bank Platinum Low Rate Credit Card. Benefits: A representative rate of 6.4% APR (variable) on purchases and balances transferred. No balance transfer fee applies on balances transferred within the first 90 days of opening the account, a 3% fee applies thereafter. Worldwide use – Accepted in over 36 million MasterCard locations worldwide.
Representative Example: If you borrow £1200 at a purchase rate of 6.45% p.a.(variable), you will pay 6.4% APR Representative (variable).

Lloyds Bank | Platinum Low Rate Credit Card

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Bank of Scotland
6.45% 3
Months
0.0% N/A N/A 6.4% APR
Representative variable
This offer is exclusively available online only. Low representative rate of 6.4% APR (variable). At least 51% of customers will get a representative rate of 6.4% APR (variable). Others will get a rate of 10.9% APR (variable), or 14.9% APR (variable). One simple rate for both balance transfers and purchases. Minimum £100 balance transfer. 0% fee on balance transfers within the first 90 days. 3% fee applies on each balance transfer made after the first 90 days. Credit available subject to status, to UK residents aged 18 or over. You can transfer balances to us (£100 minimum) from most credit cards and some store cards, excluding other Bank of Scotland products. All promotional rates apply from the date we open your account. You must pay at least the minimum payment by the due date each month and stay within your credit limit to keep promotional rates.
Representative Example: If you borrow £1200 at a purchase rate of 6.45% p.a.(variable), you will pay 6.4% APR Representative (variable).

Bank of Scotland | Low Rate Credit Card

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Royal Bank of Scotland
N/A N/A N/A N/A N/A 11.1% APR
Representative variable
No confusing introductory offers. A simple, low rate for balance transfers and purchases – 6.9% p.a. (variable). No balance transfer fees – just one annual fee of £24. Representative 11.1% APR (variable).
Representative Example: If you borrow £1200 at a purchase rate of 6.9% p.a.(variable), with an £24 annual fee, you will pay 11.1% APR Representative (variable).

Royal Bank of Scotland | Clear Rate Platinum Credit Card

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NatWest
N/A N/A N/A N/A N/A 11.1% APR
Representative variable
No confusing introductory offers. A simple, low rate for balance transfers and purchases – 6.9% p.a. (variable). No balance transfer fees – just one annual fee of £24. Representative 11.1% APR (variable).
Representative Example: If you borrow £1200 at a purchase rate of 6.9% p.a.(variable), with an £24 annual fee, you will pay 11.1% APR Representative (variable).

NatWest | Clear Rate Platinum Credit Card

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TSB
4.9% 12
Months
3.0% 0.0% 6
Months
11.9% APR
Representative variable
0% interest on purchases for the first 6 months. 4.9% p.a. interest for the first 12 months on balances transferred within the first 90 days (3% fee applies). Representative 11.9% APR (variable), interest charged from the date of the transaction.
Representative Example: If you borrow £1200 at a purchase rate of 11.95% p.a.(variable), you will pay 11.9% APR Representative (variable).

TSB | Advance Credit Card

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MoneyExpert Ltd is a Credit Intermediary and receives commission payments for all credit cards referrals made on our website. This does not apply to Tesco Bank, NatWest and Royal Bank of Scotland. The rates displayed in this table are updated on a daily basis.

About low interest credit cards

Low interest credit cards, also known as low APR (annual percentage rate) credit cards offer you the ability to borrow money over a long period while offering you low interest payments. This low interest rate is guaranteed for the time you own the card and therefore you can be safe in the knowledge that you will always be paying low interest payments for the duration of the time you are paying off your debt. Low interest credit cards don’t come with introductory bonuses or perks because of the massive advantage they offer of allowing you to continually pay low interest on your credit payments.

Can anyone get a low interest credit card?

In order for your application to be accepted for a low APR credit card you will almost certainly need an excellent credit rating. This is because lenders adjust the interest rate that they offer their customers according to how much risk they calculate to be associated with lending to them. You can order your credit report in order to see how good your credit history will appear to potential lenders; this can be done by contacting the credit reference agency.

Things to consider when selecting a low APR card

Although the advantage of using a card that has a low interest rate is clear, you should also consider the advantages that you may be missing out on from other credit card types which might be more beneficial to your individual situation. If you don’t plan on having the card for very long then you may well benefit more by having a card which has 0% interest for the first 12 months. This way even if you do not clear the credit which you owe at the end of each month, you still pay no credit at all for the first 12 months. If you’re looking to use your card on a regular basis for shopping, you may be better off using a purchase credit card which will allow you to make new purchases without paying interest on those purchases.

Paying your credit card bill

In order to avoid those interest fees, it’s best to plan out how you’re going to be covering your credit card bill at the end of each month. You can pay your credit card bill a number of ways, either by cheque, by online banking, by going into the bank in person, or by setting up a direct debt. Which method of payment you choose will depend on which is most convenient for you; although it is advisable that you arrange a direct debit to pay to cover your credit card payments. This way you will always have peace of mind that you will never forget to cover your credit card bill, and this will ensure that you do not pay any interest of your purchases unnecessarily.

Using your credit card abroad

Most credit cards can be used abroad in the same way they are used in the UK. While travelling abroad you will be able to use your card to pay your restaurant bill, to arrange your hotel booking, to purchase things in shops, and to even withdraw cash from foreign cash machines. Be aware however that you may need to pay additional charges for the purchases and withdrawals you make abroad for converting currencies. These charges are known as "foreign usage loading", and this is how these charges will appear on your credit card statement. If you withdraw cash you may also pay a cash-handling fee on top of the foreign usage loading. If you plan on travelling then you should contact your credit card provider to find out how much you will be charged every time you use your card abroad. You may want to shop around for the best travel credit card available.

Consumer Credit Act

Another advantage of using your credit card to pay for things both abroad and within the UK is that you will be protected under the Consumer Credit Act. Whenever you pay for something on your credit that costs between £100 and £30,000 both the retailer and the credit card provider are responsible for the standard of good and services that you have paid for. Therefore if the goods you purchase do not meet the necessary standards then you can ask to be refunded by your credit card company.

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