Low Rate Credit Cards – Compare Low Interest Credit Cards

Low interest credit cards are credit cards with relatively low interest rates (usually below 15%). A low rate credit card might be suitable for you if you expect to carry a significant debt on your card i.e. you do not expect to pay off your credit card balance on time… read more ↓

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Compare Low Rate Credit Cards:

*please review the details on the provider's site again before applying

CardDescriptionPurchase Rate (p.a.)Balance TransferCash Rate (p.a.)Annual FeeInterest Free Days
read more about ASB Tertiary Visa Debit Card
ASB Tertiary Visa Debit Card
Comes with no annual fee, no interest fee on overdraft and free fries at Maccas with any purchase0.00%0.00%0.00%$0.00 days
read more about The Low Rate Credit Card from American Express
The Low Rate Credit Card from American Express
A low interest card from Amex with up to 4 supplementary cards with no-annual fee2.99% p.a. for the first 6 months reverting to 12.69% p.a....0.00%21.95% p.a. No interest free period. Available for enrolled...$59.00 55 days
read more about BNZ Low Rate MasterCard Credit Card
BNZ Low Rate MasterCard Credit Card
A Low interest rate of just 13.45% credit card with a great balance transfer offer of 0% for 12 months13.45%0% p.a. for 12 months22.95%$60.00 55 days
read more about Kiwibank Low Rate MasterCard Credit Card
Kiwibank Low Rate MasterCard Credit Card
A great low interest low balance transfer credit card that might suit people with significant credit card debt13.45%1.99% p.a. for 6 months22.95%$50.00 55 days
read more about Westpac Low Rate MasterCard Credit Card
Westpac Low Rate MasterCard Credit Card
Comes with a low rate of just 13.45% plus a balance transfer offer of 0% p.a. for 12 months then 5.95% for the life of the balance transferred13.45%0% p.a. for 12 months then 5.95% for the life of the balance...22.95%$65.00 55 days
read more about ASB Visa Light Credit Card
ASB Visa Light Credit Card
The ASB Visa Light credit card has no annual fee, a low purchase rate and 0% balance transfer for 6 months13.50%0% for 6 months22.95%$0.00 55 days
read more about ANZ Low Rate Visa Card
ANZ Low Rate Visa Card
Features a low interest rate of 13.90% and a balance transfer rate of 1.99% for 12 months13.90%1.99% p.a. for 12 months22.95%$35.00 55 days
read more about Kiwibank MasterCard Gold Credit Card
Kiwibank MasterCard Gold Credit Card
Kiwibank MasterCard Gold comes with complimentary travel insurance for you and any immediate family travelling with you17.90%1.99% p.a. for 6 months22.95%$80.00 55 days
Purchase Rate:
0.00%
Cash Rate:
0.00%
Annual Fee:
$0.00
Interest Free:
days
Purchase Rate:
12.69%
Cash Rate:
21.95% p.a. No interest free period. Available for enrolled Card Members only
Annual Fee:
$59 p.a.
Interest Free:
55 days
Purchase Rate:
13.45%
Balance Transfer:
0% p.a. for 12 months
Cash Rate:
22.95%
Annual Fee:
$60 charged as $5 monthly
Interest Free:
55 days
Purchase Rate:
13.45%
Balance Transfer:
1.99% p.a. for 6 months
Cash Rate:
22.95%
Annual Fee:
$50 i.e. $25 account fee every six months. $5 fee for a joint or additional cardholder every six mon...
Interest Free:
55 days
Purchase Rate:
13.45%
Balance Transfer:
0% p.a. for 12 months then 5.95% for the life of the balance transferred
Cash Rate:
22.95%
Annual Fee:
$0 annual fee for 2 years then $32.50 half yearly
Interest Free:
55 days
Purchase Rate:
13.50%
Balance Transfer:
0% for 6 months
Cash Rate:
22.95%
Annual Fee:
$0.00
Interest Free:
55 days
Purchase Rate:
13.90%
Balance Transfer:
1.99% p.a. for 12 months
Cash Rate:
22.95%
Annual Fee:
Get $0 annual fee for the first 12 months after that $35 charged yearly
Interest Free:
55 days
Purchase Rate:
17.90%
Balance Transfer:
1.99% p.a. for 6 months
Cash Rate:
22.95%
Rewards:
Complimentary Travel Insurance
Annual Fee:
$80 charged as $40 every six months
Interest Free:
55 days

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What to consider before getting a low interest credit card:

A low interest rate on a credit card is generally considered to be a good thing, but a low rate credit card might not be suitable for you. For example, if you have no problems paying off your credit card bill, then a reward credit card might be more suitable for you to allow you take advantage of the reward points and other benefits.

Similarly, if you currently have a significant credit card debt then a balance transfer credit card with a low purchase rate might be more suitable. Below are some of the frequently asked questions about low rate credit cards to help guide you with your decision.

Frequently asked questions about Low rate credit cards:

  1. Should I apply for a Low interest credit card?
  2. When is a Low rate credit card NOT suitable?
  3. Are there any hidden fees or surprises?
  4. Are there low rate cards with balance transfer offers?
  5. What is the difference between Low interest and Low rate credit cards?
  6. Are there low rate credit cards with no annual fee?
  7. Does the low interest rate apply to balance transferred?
  8. I have seen 0% interest credit card ads where are they?

1. Should I apply for a Low Rate Credit Card?

If you do NOT currently have a significant credit card debt and you believe that you might struggle to pay off your credit card debt, then a low interest credit card might be suitable for you. In this case, you might also want to get a credit card with a balance transfer offer.

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2. When is a Low interest credit card not suitable for me?

A low interest credit card without a decent balance transfer offer might not be suitable for you if you currently have a significant credit card debt. If you have a significant credit card debt then you might want to consider a balance transfer credit card with a low ongoing purchase rate.

On the other hand, if you do not have any problems paying off your credit card debt, then a reward credit card might be more suitable for you than a low rate credit card. This is because a reward credit card would allow you to earn reward points and take advantage of the other benefits of reward credit cards such as purchase protection, extended warranty, free travel insurance and more.
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3. Are there any hidden fees or surprises I should be aware of?

Most credit cards require a minimum repayment to be made each month and if you fail to make this payment then a penalty fee or penalty rate might be applied each month. You need to make sure you understand what the penalty rate or fee would apply before purchasing a credit card. Direct cash withdrawals are also generally charged at a higher rate as indicated by the cash rate on the card details.
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4. Are there low rate credit cards with balance transfer offers?

Yes, you can find a list of these credit cards on our low purchase rate and balance transfer credit cards page. You can also use the credit card finder tool on our website to filter through all credit cards on our website to find exactly what you are looking for.
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5. What is the difference between Low interest and Low rate credit cards?

Low rate credit cards and Low interest credit cards are exactly the same. They are both short forms for “Low interest rate credit cards” and can be used interchangeably.
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6. Are there low interest credit cards with no annual fees?

There might be one or two depending on the current offers. Please use the credit card finder tool to find the right credit card to suit your needs.
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7. Does the low interest rate apply to balance transferred?

Many of the low interest credit cards also offer balance transfer deals which have an even lower rate for the balance transferred for a fixed period – usually about 6 to 12 months. But not all low rate credit cards have balance transfer offers, so please use the credit card filters to narrow down your search.
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8. I have seen 0% interest credit card ads where are they?

Yes, some credit cards offer 0% interest rates offers for an initial period. Please visit our 0% interest rate credit cards page to see a list of these credit cards.

It is important to note that these offers are usually only for a fixed period of 6 to 12 months after which the real purchase rate comes into effect.
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If you have any questions regarding low interest credit cards please contact us to let us know. We hope you enjoy our website and we are able to help you find the right credit card for you.

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