Low Interest Credit Cards

One of the worst things about credit card debt are the high interest rates. Some credit card companies charge as much as 28% interest on your balance and it can be difficult to get out of debt quickly if you are in this situation. However, there are numerous companies that offer low interest credit cards and you should consider switching your balance to one of these cards if you are already in debt.

If you are a first time credit card customer, it is also a very smart idea to start with a low interest credit card. You can spend a lot less money over time paying for your purchases if you start out with one of these cards. They are generally considered to be the cream of the crop of credit cards and if you get an offer for one, you shouldn't pass it up. However, there are a few things that you will need to look out for when you get an offer for a low interest credit card.

Initially, the company may offer a very low rate or even 0% APR for an introductory period. This period will usually last from six to twelve months, depending on the company. After that point, the interest rate may change dramatically. Read the fine print on the offer to see how long your low interest rate will last and just how high it will go after that point. You should also be aware of any potential late fees or even balance transfer fees that can add up very quickly.

ANZ Balance Visa Card

13.99% p.a. interest rate on purchases
1 Reward Point for every $1 you repay to your balance3
Choose how you would like to be rewarded - Cashback, Shopping Vouchers or Gift Cards
Choose how often you would like to be rewarded - every 3, 6 or 12 months
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% intro APR*	Up to 55 Days*	13.99% p.a.*	$79*	*

Aussie MasterCard

A low interest rate of 11.99% p.a.* on purchases
Up to 55 days interest free credit on purchases
Competitive balance transfer rate of 0% for the first 6 months
Credit limit up to $15,000
24 hour call centre assistance - at home and overseas
Shop safely Online with MasterCard SecureCode
A low 15.99% p.a. on cash advances
And you don't have to be an Aussie customer to apply
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% intro APR*	Up to 55 Days*	11.99% p.a.* *	$49*	0% for 6 months*

Citibank Clear Card

11.99%p.a. ongoing on purchases*
0% for 6 months on Balance Transfers
Access your account anywhere, anytime via Internet and phone banking
Up to 55 days interest free on retail purchases
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% intro APR*	Up to 55 Days*	11.99%p.a.*	$65*	0% p.a for 6 months*

HSBC Low Rate Credit Card

0% p.a. until 1 June 2008* on purchases
0% p.a. until 1 October 2008** on balance transfers
$0 annual fee in the first year and then only $39 p.a.
Up to 55 days interest-free on purchases
Access to HSBC's home&Away Privilege Program with Instant Rewards in over 40 countries
Cash withdrawals at over 800,000 ATMs worldwide
Repayments at any HSBC branch, by mail, BPAY, telephone, direct debit, online or at Australia Post
Credit Cards Online for quick, easy and secure access to your account 24 hours a day
Worldwide acceptance at over 24 million Visa merchants
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% intro APR*	Until 1 June 2008*	12.99%p.a.*	$0 annual fee in the first year*	0% p.a. until 1 October 2008*

BankWest Lite MasterCard

0%p.a. for nine months on balance transfers
Australia's lowest ongoing rate MasterCard of 9.89%p.a. - Excludes cash advances - Up to 55 days interest free
Up to 3 additional cardholders - free
24/7 account access via BankWest Online Banking
Using your BankWest Lite MasterCard at over 21 million outlets worldwide.
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% intro APR*	Up to 55 days*	9.89% p.a.*	$59*	0%p.a. for 9 months*

ANZ Low Rate MasterCard

Low interest rate of 12.99% p.a. on purchases and 20.99% p.a. on cash advances
$58 annual account fee
Up to 55 days interest free credit on purchases
Design your own Card
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% intro APR*	Up to 55 Days*	12.99% p.a.*	$58*	0% for first 6 months*

Commonwealth Bank Low Rate Card

Low interest rate of just 13.24% p.a. on purchases and cash advances
$48 annual fee
Up to 55 days' interest free on all purchases
Even lower balance transfer rate of 5.99% p.a. for 5 months
Free additional card for a family member or friend
No rewards program, just an everyday low rate
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% intro APR*	Up to 55 Days*	13.24% p.a.*	$48*	5.99%p.a. for 5 months*

St George Vertigo MasterCard

A low rate on purchases of 11.89% p.a*
0%p.a. balance transfer rate for up to 6 months**
Awarded Australia's cheapest credit card - Money Magazine 2008.
Up to 55 interest free days on purchases*
Low $45 annual fee
An additional card for a friend or family member, with all transactions on one statement
Linked access to your other St.George accounts, for the ease of one card banking
Instant discounts and added extras with St.George Instant Benefits
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% intro APR*	Up to 55 Days*	11.89% p.a.*	$45*	0% p.a for up to 6 months*

St George Platinum Card

Low Platinum 20.49% p.a. purchase rate*
Low $89 Platinum annual fee
3.99% p.a balance transfer rate for up to 6 months***
Up to 55 interest free days on purchases*
A full range of complimentary insurances** including:
Domestic flight inconvenience insurance
Transit accident
Purchase cover
Extended warranty
Best price guarantee
Personal Concierge Service available 24/7
Up to 3 additional cards for your friends or family, with all transactions on one statement
Linked access to your other St.George accounts for the ease of one card banking
Exclusive Platinum card programs offered by Visa and MasterCard
Instant discounts and added extras with St.George Instant Benefits
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% intro APR*	Up to 55 Days*	20.49% p.a.*	$89*	3.99% p.a for up to 6 months*

St George Starts Low Stays Low Credit Card

One low 12.99% p.a rate for purchases and cash advances*
Up to 55 interest free days on purchases*
$59 annual fee
Up to 3 additional cards for your friends or family, with all transactions on one statement
Linked access to your other St.George accounts for the ease of one card banking
Instant discounts and added extras with St.George Instant Benefits
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% intro APR*	Up to 55 Days*	12.99% p.a.*	$59*	*

Macquarie Bank Visa RateSaver Card

One of the lowest credit card interest rates around: currently just 10.95% p.a. on purchases
Get up to 55 days interest free on purchases
Standard cash advance interest rate of 17.99% p.a.
0%* interest on balances transferred from other credit cards for the first 4 months
Enjoy a low annual fee of just $50
Apply online now or read more

Intro APR	Intro APR Period	Regular APR	Annual Fee	Balance Transfers
0% Intro APR*	Up to 55 Days*	10.95%*	$50*	0% For 4 months*