Low interest credit cards (Low APR) are immensely popular among the Australian consumers. These cards prove to be highly useful in keeping the credit card debt under control.
Low interest credit cards are preferred for their convenient terms and conditions and ease of use. The specialty of these cards lies in the fact that cardholders can use the low interest credit cards (Low APR) as a line of credit, instead of using them as alternative option of funding. Due to low Annual Percentage Rate, the interest burden of the cardholders will come down automatically.
It is crucial for the customers to calculate their average yearly interest amounts before selecting a particular low interest credit card. It will help the customers to come to a decision regarding whether it will be wise to pay a higher annual fee for availing the low Annual Percentage Rate. Low interest credit cards are ideal for those consumers who fail to repay their credit card debt on time and are charged with additional interest on card purchases.
Popular Low Interest Credit Cards (Low APR) in Australia
Australian consumers enjoy the option of choosing from a wide variety of low interest credit cards offered by different credit card providers. Some of the commonly used low interest credit cards in Australia are as follows:
- Citibank Clear Card
- Commonwealth Bank Low Rate Card
- Aussie MasterCard
- NAB Low Rate Visa Credit Card
- GE Money eco MasterCard
- Commonwealth Bank Awards Card
- ANZ Balance Visa
- ANZ First Visa
- ANZ Frequent Flyer Visa Gold
- ANZ Frequent Flyer Visa
Some Basic Features of Low Interest Credit Cards (Low APR)
Low interest credit cards (Low APR) usually come in the form of VISA card or MasterCard. The annual fees for low interest credit cards are higher than all other forms of credit cards so as to help the card providers cover the difference in their earnings to some extent. Except ANZ Balance Visa, Commonwealth Bank Low Rate Card, ANZ First Visa, Commonwealth Bank Awards Card all other low interest credit cards in Australia charge 0.00% rate of interest on balance transfers up to 6 months from the date of account opening. The application process of low interest credit cards is simple and hassle-free.