It’s quick and easy
We’ll ask a few straightforward questions then show you the information you need to choose the best deal.
Compare credit cards with a low interest rate
See your chances of approval before applying
MoneySuperMarket is a credit broker not a lender. You must be 18 or over and a UK resident.
MoneySuperMarket works with a wide range of household-name credit card providers, including
It’s quick and easy to compare low interest rate credit cards with MoneySuperMarket and you’ll know your chances of being approved when you apply.
We’ll ask a few straightforward questions then show you the information you need to choose the best deal.
You’ll only be shown credit card deals you’re likely to be accepted for, so there’s less chance of being turned down.
Once you’ve made your choice, click through to the provider to complete your application online.
A low-interest, or low-APR, credit card in the UK offers consistently low interest rates to help keep your monthly credit card repayments affordable. This means you might not need to switch credit card providers as often.
A low rate card won’t usually offer a 0% interest or low interest for a specific discount period, but instead it offers a permanent low rate.
A low interest card works similarly to a standard rate credit card because it allows you to spend money up to a pre-agreed limit. You will get a credit card bill for what you’ve spent every month. You should pay your credit card balance in full every month. If you can’t, you should at least aim for the minimum payment. If you don’t pay your credit card bill, then you will be charged interest. With a low interest rate credit card, the interest will be low compared to a standard rate credit card.
Aim for the lowest possible rate (APR) so you pay less interest on your balance.
See if there’s an introductory 0% interest period and how long it lasts.
Find out if there’s an annual credit card fee or any other charges.
While you may be able to get a credit card even with a low credit score, you are likely to find that compared to customers with good credit ratings...
Interest rates will be higher
Credit limits will be lower
Interest-free periods will be shorter or unavailable
You may find that a credit-builder card best suits your needs. While these offer higher interest rates and lower credit limits initially, your credit score should start to climb over time if you keep up with repayments.
Applying for a credit card can sometimes feel daunting, because it’s not always clear what deal you’ll get, or if you’ll be accepted. But when you’re pre-approved for a credit card you can relax, because you know the deal you see is the deal you’ll get. You’ll know where you stand, with the facts at your fingertips to help you make the right choice for you.
When you’re pre-approved, the interest rate, interest-free period and fee (if there is one) are all confirmed – the only thing not guaranteed is your credit limit.
You’ll see your unique, personalised chance of being approved for all credit cards, so you can easily compare all your options at a glance.
Knowing all this upfront puts you in the driving seat. You’re less likely to be turned down when you apply, so your credit score is protected.
A low interest rate credit card has lots of advantages, but there could be some downsides. Here are the things to consider:
Low interest rate means you’ll be charged less if you don’t repay the balance in full
Can help spread the cost of a large purchase
Could sometimes include introductory periods of 0% interest on purchases
You could lose the low interest rate if you miss a payment
The low interest rate usually only applies to purchases – not cash withdrawals
Could damage your credit score if you miss repayments
Whether a low rate credit card is right for you will depend on how you use your credit card. Low rate credit cards can be a good choice for you if you’re looking to make your credit card bill payments more affordable. The low-interest rate usually applies to purchases, so they’re ideal if you’re looking to make big purchases. However, if you struggle to make your credit card payments on time then a low rate card might not be for you, as sometimes the low interest rate could be lost if you don’t keep up with payments.
If you think a low-rate credit card is right for you, use our eligibility checker to see what cards are available – and which ones you’re most likely to be approved for.
We'll ask a few simple questions about you and your finances and what you’re looking for from a credit card.
We'll compare credit card offers from across the UK market, and show you the cards we think will suit you best.
We’ll show you low rate credit cards, which you can sort by APR, fees, other features and your chances of being approved.
A low interest rate credit card charges you interest if you don’t clear your balance in full every month whereas a no interest rate credit card allows you to build up a balance without incurring interest.
A no-interest, or 0% interest, card is likely only to be offered for an introductory period to entice customers to apply for the card. There are also likely to be terms attached to keep the 0% rate, such as making sure you still meet the minimum required payment each month.
Customers with a higher credit score are more likely to be eligible for a low APR card. This is because they have proved they can borrow responsibly in the past. It’s difficult to be precise because each credit card provider will have its own criteria for deciding who is eligible for a low-rate credit card.
Lenders can only advertise an APR as ‘representative’ or ‘typical’ if 51% of their customers get that rate or lower. This means you are not guaranteed to get the low APR, but you will have more chance if you have a high credit score.
If you need to borrow there could be other options available:
An agreed overdraft. Make sure the overdraft is authorised by your bank and check the interest rate as it could be expensive if you are in the red for a long time.
Loan. A personal loan or secured loan can give you access to funds, the advantage being you can usually borrow more than on a credit card and the repayments are fixed and structured.
You should think about your credit score. You’re more likely to be accepted for a low interest credit card with a good credit rating. The major draw of low interest cards is their interest rate, but it’s still important to make sure to read the small print. You might not benefit from the attractive low rate if you miss a payment, for example.
A low APR on a credit card is 10% and under.
The credit limit you get will mainly depend on your credit report. Your credit limit could be increased by using your credit card wisely, e.g., keeping up with payments.
Divide the amount you transfer by the number of months your interest-free deal lasts for. The result is the amount you need to pay each month to clear the debt.
If you do not clear the balance by the end of the 0% period, you will be charged interest on what you owe.
You will have to make at least a minimum payment each month.
If you know you’re not going to clear the balance within the 0% period, you could consider transferring to another card with an interest-free period.
Always pay the minimum monthly payment on time to avoid penalties and interest charges.
Avoid exceeding your credit limit or you’ll face penalties such as losing your interest-free deal.
Make the necessary payments to the card or cards you move the balance from, especially if you do not clear the balance completely.
If you do not clear the balance by the end of the interest-free period, transfer that sum to another 0% balance transfer card.
You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.
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So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.
You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.
