What is a low rate credit card?

Find out everything you need to know about low rate credit cards in this short video

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The main advantage of a low rate credit card is that the annual interest rate is lower than on standard credit cards.

Interest rates on low rate credit cards generally start at around 7%, compared to around 18% on standard cards, and there are usually no annual fees.

The low rate normally lasts for the lifetime of the card, which means no nasty rate rises.

This means that low rate credit cards are ideal for budgeting, because you can work out exactly how long it will take you to pay off your debt with a fixed monthly payment.

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