How to Find the Best Credit Card Rates to Suit You
Finding the best credit card rates to suit your needs doesn’t always mean looking for the lowest or cheapest rates. The key to finding the best credit card rates to suit you is learning about your own spending habits.
Featured Low Credit Card Rate
One of the lowest credit card rates on the market in Australia, try out the Bankwest Breeze Platinum Mastercard for yourself. As well as low rates, enjoy some amazing rewards including free international travel insurance.
- $99 annual fee
- 0% p.a. for 6 months (reverts to 10.99% p.a.) on purchases
- 4.99% p.a. for 9 months on balance transfers
- Cash Advance Rate of 21.99% p.a.
- 55 days interest free
Read the Bankwest Breeze Platinum MasterCard terms and conditions.
Low Purchase Rates
If you know you’re the type of customer who will carry a balance over from month to month before you can pay it off, looking for a credit card with low purchase rates could help you reduce the interest you pay.
There are several very competitive credit card offers available offering very low standard purchase rates. This can help keep your credit card costs as low as possible.
Low Balance Transfer Rates
If you never seem to get anywhere with reducing your credit card debt and you’re paying high interest on an outstanding balance, look for credit cards offering low balance transfer rates.
This can reduce the amount of interest you pay and make it much easier for you to begin reducing your credit card debt more quickly.
Interest Free Days
Some customers are happy to repay the entire balance of their credit card before the statement due date each month. These customers can often benefit from looking for a credit card offering interest free days on purchases.
As long as the amount you spent is repaid before the due date, you should find you won’t pay any interest at all. In this instance, finding the best credit card rates really won’t matter too much, as you don’t carry a balance and you’re repaying the amount you’ve spent.
Credit Card Rewards Programs
If you find that your credit limit is usually maxed out, or very close to the limit each month, perhaps a credit card rewards program isn’t right for you. The interest you pay each month and the higher interest rate usually charged for these cards can make it more expensive than other types of cards in this case.
Instead, spend some time comparing the credit card rates available and try to find one that charges a lower interest rate than you’re paying now on balance transfers.
