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Low Annual Interest Rate Credit Cards

You Can Save Substantially by Switching Over to a Low Rate Card

Have a look at our recommended Low Interest Rate Cards

If you don't pay your credit card off in full every month, then you are what's known as a 'revolver' - you don't take advantage of an interest-free period to repay your whole outstanding credit card balance.

To avoid paying a lot of interest on the purchases and payments you make using your card, you would be advised to look for a no-frills credit card with a low annual interest rate.

There are now a number of new low-rate cards on the market which have interest rates up to 9 percentage points lower than the high interest rate cards. You could save $200 in interest in the first year alone on a $2,000 revolving card balance by taking advantage of lower interest rates.

Below is a list of our recommended low interest credit cards in Australia. Next to each one we have listed their features and benefits - so you can see how they can help you save money. Beware, however, that although some do have exceptionally low annual interest rates, they carry an annual fee.

Compare low interest credit cards below. You can apply for a card straight from this page by clicking on the 'Apply Now' links.

⁺Interest rates quoted current as at 01/01/07 and subject to change. Up to 55 days interest free only available on credit purchases, for accounts paid in full by the due date. Interest on cash advance transactions is calculated from the date the transaction is debited to your card account.
# On the date the balance transfer rate period ends, the interest rate on the outstanding amount of transferred balances reverts to the variable annual percentage rate applicable to purchases on your credit card account. We reserve the right to revert the balance transfer offer to the standard interest rate applicable to purchases if you contravene the terms and conditions of your credit card account. St.George will not accept balance transfers from other St.George credit cards or overseas financial institutions.
## An additional card is issued to the additional cardholder as the primary cardholder's agent to operate on the credit card account. The primary cardholder is responsible for the use of the additional card and must pay for all credit transactions made by the additional cardholder with their card.
*Interest rates current at 17 August 2007 and subject to change. Terms and conditions available on application. Fees and charges apply. Approval subject to our normal lending criteria.
^ From date of card approval. Only valid for balance transfers from non-Aussie credit and store cards. Balance transfer rate applies only to the balance transferred for six months from the date your card is approved, and then reverts to the standard variable rate applicable for purchases on your card.
Balances that remain unpaid at the end of this period will become subject to the standard variable rate applicable for purchases on your card. Interest accrues on balance transfers from the date the transfers are processed by us. Aussie Credit Cards are provided under agreement by Australia and New Zealand Banking Group Limited ABN 11 005 357 522.
**Interest rates quoted current as at 13/8/2007 and subject to change. 55 days interest free on purchases only on accounts paid in full by the due date. Interest free period does not apply to cash advances, or any purchases while an amount that has been debited as a result of a balance transfer remains unpaid. All applications for credit are subject to the Bank's prevailing credit criteria. Fees, charges, terms and conditions apply and full details are available upon request.