• Canadian Capital One credit cards

    Knowing the Best Low Interest Credit Cards for March 2011



    The best low interest credit cards we have today actually underwent some changes for them to be what they are now. During the year 2008, the Credit Card Act became effective, many issuers struggled to maintain their profits and one of the actions they took is by increasing the credit cards’ interest rates. Then again, if you look into it closely, you will still discover a decent number of credit cards providing lower interest rates compared to others.

    The Following are the Best Low Interest Credit Cards:



    Chase Freedom® Visa – As of recently, this is the card with the best rewards program on our listing. This card provides cardholders a purchase APR of 11.99% – 20.99% variable, depending on the credit history of the client. As indicated in the card, $100 cash back is received when you spend at least $500 in the first 90 days upon subscribing to the card and the Chase Freedom® Visa – $100 Bonus Cash Back also offers 1% cash back on all transactions. A 0% intro APR on balance transfers for 1 year and on transactions for six months is covered and 5% cash back can be received on revolving categories each and every year. Additionally, this card does not have an annual fee.

    Citi® Platinum Select® MasterCard® – This card is perfect for clients with a credit card balance somewhere else as a 0% intro APR for 21 months on balance transfers is allowed with this offer. The fee for balance transfer is a low 3% ($5 minimum) meaning the amount you can put aside on interest is huge saving. Also, there is a 0% intro APR on transactions for 21 months and after that, the purchase APR is 11.99% – 20.99% variable, depending on the credit history. The Citi® Platinum Select® MasterCard® is deficient on two aspects, a good and a bad one. First, it does not offer a rewards program (though there are certain discounts in online transactions) but second, there is also no annual fee.

    Discover® More Card – $100 Cashback Bonus – This is considered as the second large bonus prospect on our listing, the Discover® More Card – $100 Cashback Bonus. It covers a variable APR of 11.99% – 20.99% and an introductory APR of 0% on balance transfers for a year and on transactions for six months. The fee for the balance transfer is 3% and the $100 cash can be received after using $500 in transactions over the first three months. 0.25% cash back is received on the Discover® More Card – $100 Cashback Bonus for the initial $3,000 in spending yearly and 1% cash back is earned after that. 5% cash back categories are provided all through the year and the Discover® More Card – $100 Cashback Bonus does not have an annual fee.

    Capital One® VentureOne℠ Rewards Credit Card – Although Capital One is not popular for their low interest rates, the Capital One® VentureOne℠ Rewards Credit Card carries a very respectable 13.9%. Additionally, the rewards program is superior as 1.25 points are received on each dollar spent and all credit cards in Capital One are foreign transaction free, which means that any international transactions can be done without payments being charged. Together with this offer is a 0% introductory APR on purchases until August 2011 and the Capital One® VentureOne℠ Rewards Credit Card does not have an annual fee.

    See Also



    Talk about Low Interest Credit Cards Canada

    Low Interest Credit Cards for Canadians

    MBNA Low Interest Credit Cards

    External Links



    Articles.arfandia.com

    Lowinterestbalancetransfercreditcards.org

    Lexreach.com



 
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9 Comments
On Jun 15, 2011, Jean Karla Said:
Low Interest Credit Card is a credit card which charges lower rate of interest in comparison to the other credit cards from its customers. Interest rates are generally charged from the credit card customers when the outstanding debt is not paid within the grace period. Because credit cards are a type of lending the loan comes at a price. Undoubtedly one of the biggest, if not the biggest, expense of using a credit card is the interest rate you pay on the balance. The interest rate is a percentage you pay on the amount that you spend on a credit card. This interest rate can be either fixed, or set at a certain number, or it can be variable which means it fluctuates depending on the market prime rate. Interest rates are applied to purchases, balance transfers and cash advances all at varying amounts, though cash advances are typically the highest.
On Jun 15, 2011, tu1raTO Said:
19.9%? Thats too high CimeTiremalhB. All three of mine are under 10% and have no annual fee.
On Jun 15, 2011, CimeTiremalhB Said:
I have an AmEx and Chase Visa that are both well under 19.9% and have no fee, but I would hardly call 19.9 low interest.

Not that I care what my interest rate is as I always pay off my card in full each month. They could raise it to 50% for all I care, I still won't pay a dime more than I do now.
On Jun 14, 2011, wilson25rey Said:
Low intrest is anything below the national standard of 19.9%.
On Jun 13, 2011, jonathanpaul Said:
If your debt to income is a huge factor than you will probably have trouble getting approved for a high enough limit to pay off all of your current balances. If your credit score is high enough though you could always try apply for a 0% balance transfer card and then contact them after your approved to explain your situation and see if they will raise your limit. They may require you to close your current accounts once they are paid off though which isn't so good for your credit score.
On Jun 13, 2011, Alejandro Said:
wilson25rey, depends on what you call low interest and if you find value in the 'lower' interest for 90 days to a year or not.
On Jun 13, 2011, antonetteSEXY Said:
I a looking for a low interest credit card only for the use of transferring balances. I have wonderful payment history; however, a large debt amount, which utimately brings down my credit score. How can i be approved for a low interest card?
On Jun 13, 2011, wilson25rey Said:
No annual fee low intrest Credit card? Is it possible?
On Jun 5, 2011, Monty Loree Said:
Alot of the Canadian Banks of low interest credit cards... this is a good wiki type article about low interest credit cards in canada ... check it out.

There are also youtube videos on the best low interest credit card in Canada
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