Low Interest Rate Credit Cards

The key to cost affective use of credit cards is often to go for a Low Standard Rate Credit Card.

Low Standard Rate Credit Cards offering a long term (as opposed to just a short term promotional) low rate of interest are geared towards people with a good credit rating over a long period of time, typically 5 years plus. The card issuers view these people as a lower risk, and therefore charge them less for their credit.

Here’s our best Low Standard Rate Credit Cards, best offers at the top of the listing.

Barclaycard Platinum Simplicity Low Interest Credit Card

7.9% on on all purchases & balance transfers

NONE

7.9% APR

Key points View card rates

Low interest rates on all types of balances
Barclaycard Freedom Rewards
Lowest cash advance interest rate
Competitive overall charging structure

No transfers from other Barclaycards

Key Selling Point

Lowest overall interest package on the UK scene

Balance Transfer Limit £

Subject to Status

ATM £ Cash Charge

2.5% (min £2.50)

Surcharge on Overseas Transactions

2.75%

ATM £ Cash Charge Abroad

2.5% (min £2.50)

Minimum Repayment Amount

£5

Minimum Repayment Percentage

2.25%

Maximum Credit Limit

Subject to Status

Recommended Minimum Age

21

Recommended Minimum Income

£20,000

Annual Fee

No

Annual interest rate on purchases

7.9%

Annual rate on balance transfers

7.9%

Annual interest rate on cash advances

15.8%

Credit rating needed

Very good

Representative example: 7.9% p.a. (variable) on card purchases. Equivalent to 7.9% APR representative (variable) based on credit limit of £1,200.

Capital One Click Credit Card

Low long term rate of 9.9% on purchases, balance transfers & cash withdrawals

NONE

9.9% APR

Key points View card rates

Low overall interest rate
Great retail discounts
Online fraud guarantee

No balance transfers or purchases 0% promotion

Key Selling Point

Low overall interest rate and enhanced fraud protection.

Balance Transfer Limit £

Subject to status

ATM £ Cash Charge

3% min. £3

Surcharge on Overseas Transactions

2.75%

ATM £ Cash Charge Abroad

3% min. £3

Minimum Repayment Amount

£5

Minimum Repayment Percentage

1%

Maximum Credit Limit

Subject to status

Recommended Minimum Age

21

Recommended Minimum Income

£20,000

Annual Fee

No

Annual interest rate on purchases

9.94%

Annual rate on balance transfers

9.94%

Annual interest rate on cash advances

9.94%

Credit rating needed

V Good

Representative example: 9.94% p.a. (variable) on purchases. Equivalent to 9.9% APR representative (variable) based on credit limit of £1,200

Lloyds TSB Advance Credit Card

0% on purchases for 6 months, 4.9% balance transfers for 12 months (min £100 spend)

3%

11.9% APR

Key points View card rates

Great all round deal
0% for 6 months on new purchases
Low interest rate on balance transfers
Low overall APR

Minimum balance transfer £100
Cash advance limit of half credit limit

Key Selling Point

Good quality card because it offers low interest rates all round plus a 6 months 0% on new purchases deal

Balance Transfer Limit £

Subject to Status

Cash Advances

Yes

ATM £ Cash Charge

3% handling fee, min £3

Surcharge on Overseas Transactions

2.95%

ATM £ Cash Charge Abroad

3% min £3

Maximum Credit Limit

Subject to Status

Recommended Minimum Age

18

Recommended Minimum Income

No

Annual Fee

No

Annual interest rate on purchases

11.95%

Annual rate on balance transfers

11.95%

Annual interest rate on cash advances

27.95% p.a.

Credit rating needed

Good

Representative example: 11.9% p.a. (variable) on card purchases. Equivalent to 11.9% APR representative (variable) based on credit limit of £1,200.

If you see Low Standard Rate Credit Cards listed here with what appear to be very high APR’s, that’s probably because that particular card has an annual fee which distorts the APR, but these cards usually carry other benefits that justify the annual fee.,

You can expect Low Standard Rate Credit Cards to be slightly tougher to be accepted for, so if you’re looking for one of these cards, check your credit file before applying and make sure you look in good financial shape before you apply.