20 October 2017 : 


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Low Rate Credit Cards

Low rate credit cards are cards that offer just one standard rate which is usually lower than the average cards. The low flat rate offered normally comes without any introductory rate unlike some other credit cards that offer introductory rates on purchases or balance transfers. These cards can be handy for consumers who do not want to keep switching credit cards when an offer runs out, or cannot always pay their balance in full each month and end up getting charged higher interest payments. Compare some of the top UK low rate cards to find one that will be more suitable to your circumstances.



Product Name Balance Transfer Intro Purchases
Intro
Representative
APR (variable)
Rewards
 
Representative Example: Representative 5.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 5.9% p.a. (variable)
Tesco Bank Clubcard with Low APR application
  • Must be a UK resident, aged 18 years or over, with a regular income and a good credit rating
  • Representative Example: Representative 6.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 6.9% p.a. (variable)
    Barclaycard Platinum Low Rate application
    Representative Example: Representative 11.1% APR (variable). Based on an annual fee of £24, a credit limit of £1,200 and a purchase rate of 6.9% p.a. (variable)
    NatWest Clear Rate Platinum  application
    Representative Example: Representative 11.9% APR (variable). Based on a credit limit of £1,200 and a purchase rate of 11.29% p.a. (variable)
    Saga Platinum application

     

    compareandsave.com is a trading name of Freedom Marketing Ltd. Freedom Marketing Ltd is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority, firm reference number 493117.

    The offers that appear on this site are from companies from which compareandsave.com receives compensation. compareandsave.com does not include the entire universe of available financial or credit offers.

    This table comprises cards ordered by Representative APR.Table position does not imply product strength or superiority. Please ensure you have thoroughly investigated all available options before applying for products.

     
     
     

    What to consider when choosing a Low Rate Card

    As these cards don't typically have introductory 0% periods, if you don't pay your balance in full each month you will be charged interest, so it's worth thinking about how you will use the card before choosing one. It's also worth noting that some of these cards, although not offering a 0% introductory period, do offer periods with lower interest, so be sure to understand the 'go-to' rate of the product before committing to an application.

    What are the advantages of Low Rate Cards?

    The low rate cards have a lower standard rate which can be economical over the long term, especially if you need years to repay the balance and struggle to access interest free deals. The low rate usually lasts for the lifetime of the card, which means you will not get any surprise rate rises. Typically these cards do not incur an annual fee.

    Who can get a Low Rate Credit Card?

    These cards tend to be normally aimed at people with a good credit rating, so it is worth considering or checking your credit rating before applying for the card. If you do not have a good credit score, it may be worth looking at Credit building cards or credit cards for 'Bad Credit' to help you improve on your score.

    What types of Low Rate cards are available?

    There are a lot of providers on the market who offer several types of low rate cards, so it is vital that you compare products thoroughly so you can pick the right card that matches your needs.



     Compare Credit Cards by Issuer

    American Express Credit Cards American Express
    Aqua Credit Cards Aqua Credit Cards
    Barclaycard Credit Cards Barclaycard
    Bank of Scotland Credit Cards Bank of Scotland
    Capital One Credit Cards Capital One
    Halifax Credit Cards Halifax
    Lloyds Bank Credit Cards Lloyds Bank
    MBNA Credit Cards MBNA
    Nationwide Credit Cards Nationwide
    NatWest Credit Cards Natwest
    Royal Bank of Scotland Credit Cards Royal Bank of Scotland
    Sainsbury's Bank Credit Cards Sainsbury's Bank
    Santander Credit Cards Santander
    Tesco Bank Credit Cards Tesco Bank
    TSB Credit Cards TSB Credit Cards
    Vanquis Credit Cards Vanquis
    Virgin Money Credit Cards Virgin Money


     
    Product Offers
    Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.

    Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
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    ©2017 compareandsave.com is a trading name of Freedom Marketing Ltd.
    Freedom Marketing Ltd is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority, firm reference number 493117. This can be checked at http://www.fca.org.uk/register. Registered in England & Wales under registration number 05349340. The company's registered office is Freedom Marketing Limited, Colchester Centre, Hawkins Road, Colchester, Essex, United Kingdom, CO2 8JX.

    The offers that appear on this site are from companies from which compareandsave.com receives compensation.

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