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Compare low rate credit cards

A low rate credit card can be a great choice for anyone with debts they unlikely to clear in the longer term, or for those who occasionally hold small debts for a few months at a time. Moneysupermarket.com, offers a wider choice of credit card deals than any other comparison site, helping you identify the best card for your needs.

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results for low rate cards

Card	Typical APR (Variable)	Price for Risk Our 'Price for Risk' logo indicates that the credit card will assess your personal circumstances and credit history to determine the APR available to you. This may result in you being offered a different rate than that quoted	Interest Free Period
Barclaycard Platinum Simplicity	6.8%	No	56 days	Barclaycard Platinum Simplicity 6.8% Typical APR (Variable) 15.8% on Cash advances No annual fee 21 years Minimum age £20000 p.a. Minimum income
Barclaycard Platinum Simplicity	6.8%	Our expert says: "A credit card with a low APR on purchases and balance transfers with no BT fee. This is a meaningful alternative to short term 0% purchase offers"
MBNA Low Rate Exclusive	7.9%	No	50 days	MBNA Low Rate Exclusive 7.9% Typical APR (Variable) 27.9% on Cash advances No annual fee 18 years Minimum age
MBNA Low Rate Exclusive	7.9%	Our expert says: "Exclusive to moneysupermarket.com customers, this card is a good option if you’re looking for a card to spend on as it offers a low long-term rate of 7.9% on purchases"
Halifax Easy Rate	8.9%	Yes	59 days	Halifax Easy Rate 8.9% Typical APR (Variable) 28% on Cash advances No annual fee 18 years Minimum age
Halifax Easy Rate	8.9%	Our expert says: "If you're looking for a low rate credit card with no balance transfer fee, then this could be the card for you"
Barclaycard Platinum	12.4%	No	56 days	Barclaycard Platinum 0% on Balance transfers until December 2010 (BT fee 2.5%) 0% on Purchases for 3 months 12.4% Typical APR (Variable) 27.9% on Cash advances No annual fee 21 years Minimum age £20000 p.a. Minimum income
Barclaycard Platinum	12.4%	Our expert says: "A credit card with a low 12.4% APR plus 0% interest free on balance transfers until December 2010 (2.5% handling fee applies) and 0% interest on purchases for 3 months, both from account opening"

Everything you need to know about low rate credit cards

What is a low rate credit card?

Introductory 0% offers can give great value for money - as long as you are able to clear any debts built up by the end of the offer period, or you are disciplined enough to seek out a new deal once the standard rate kicks in.

However, if you won't be able to clear your balance during the 0% period and don't want to switch your card again once it ends, a long-term low rate credit cards could be a better option. You'll pay interest but not as much as the standard rates charged on many credit cards.

Benefits

One of the main advantages of low rate cards is that they do not shock you with a sudden rate rise in interest rate once the introductory period ends. In fact, with most of the cards, the interest rate remains the same throughout.

Low rate cards are available with annual percentage rates starting at around 7% - this compares with the average standard rate which is about 18%.

Negatives

If you are prepared to switch cards, then you can usually get a better deal elsewhere.

Alternatives

If you have a good credit history you may qualify for a 0% balance transfer or purchase credit card.

Another option to a long term low rate credit card is a personal loan.

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