Standard interest rates on credit cards

Standard APR's

Package Name	Standard % APR (Variable)	Balance Transfer Rate & Period	Balance Transfer Notes	Introductory Purchases Rate & Period	Reward Notes
Virgin Credit Card	16.6%	0% for 16 months	2.98% transfer fee	0% for 3 months	Virgin Discounts
MBNA Platinum Reward	15.9%	0% for 12 months	3% transfer fee	0% for 3 months	MBNA reward points
MBNA Platinum	16.9%	0% for 13 months	2.9% transfer fee	0% for 3 months	n/a
Post Office Credit Card	16.9%	0% for 12 months	2.98% transfer fee	0% for 3 months	Further 0% transfers on 2nd & 3rd anniversary
Barclaycard Platinum	15.9%	0% for 15 months	2.90% transfer fee	0% for 3 months	Identity Protection Service
Egg Credit Card	16.9%	0% until May 2011	3% transfer fee	0% until June 2010	Cashback and discounts at selected retailers

What are Low Interest Rate Credit Cards?

The average rate of interest on a credit card for normal purchases was 16% in 2007, according to Datamonitor analysis. Low interest rate credit cards typically offer a rate of interest in the region of 8% to 10%.

What are the Benefits of a Low Interest Rate Credit Card?

Low interest rate credit cards suit people who don’t like chopping and changing between cards. They’re also useful for those who carry a balance forward each month and are not always able to clear it straight away.

What else should I know about Low Interest Rate Credit Cards?

These are ‘no frills’ credit cards that seldom offer rewards such as cash back or 0% introductory deals.
Long term debt solutions such as a lifetime balance transfer credit cards may offer even lower rates of interest, so shop around first.
If you consistently clear your balance at the end of each month then a low interest rate credit card may not be for you. Take advantage of the special offers associated with reward cards instead.

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Standard interest rates on credit cards

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Standard APR's

What are Low Interest Rate Credit Cards?

What are the Benefits of a Low Interest Rate Credit Card?

What else should I know about Low Interest Rate Credit Cards?

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