In these troubled times we need credit cards that don’t charge is the earth to use don’t we? So we want low rate credit cards, are there any out there? Well the answer is yes, and there are quite a few. However, they do require a little bit of a closer examination in order to find the most suitable…
I’ll look at a couple and we’ll do a little comparison if you like at the end to make it fun. What you must remember though about comparing credit cards is that they are all pretty much different from the other (even if only very slightly) and it depends on the individual usuers’ needs as to which one they choose.
The MBNA Platinum Visa
- This is the card to go for if you’re after a balance transfer in order to pay off a debt quicker. The offer is 5.9% on the transfer until it’s paid off. This is a pretty sound deal for large balances that you need to keep low interest on.
- Verified by Visa security system.
- 16.9% interest.
- Online banking.
- 24hr worldwide helpline.
The Halifax Easy Rate Credit Card
- This one is for those who just want a low interest rate. The Halifax offer 6.9% on both balance transfers and purchases.
- No balance transfer fee.
- No interest charged on purchases if balance is paid in full at the end of each month.
- Online account management.
- No annual fee.
- Instant decision.
So with these two cards you get a variety of different options. I must say though that i am more drawn towards the Halifax for long term sustainable low interest (this is dependent on your financial circumstances however and the interest rate could be higher). However the 5.9% interest rate from MBNA for the lifetime of the trasferred balance is certainly an attractive way to pay off a bad debt.
Tags: Halifax, low interest, low rate credit cards, MBNA