The lowest rate credit cards on the market

Many people find paying off debts difficult. Average salaries aren’t increasing but the cost of living is, and as a result people do what they can to save money. Getting a better rate on debts and credit cards is one way to do this.

Transferring debts to take advantage of interest free periods and/or reduce the interest rates can result in substantial savings. Here we look at the lowest rate credit cards on the market and some of the best cards for balance transfers.

The Sainsbury’s bank credit card has an APR of 6.9%. For balance transfers it has an unlimited rate of 6.9%. To get this credit card you must have a nectar card (but unfortunately you don't earn nectar points for using it!).

If 0% on new purchases is important for you, the Halifax All In One card offers 0% on purchases for 15 months and an APR of 17.9% For a 3% fee it offers 15 months at 0% on balance transfers.

If 0% balance transfers are more important, the Barclaycard Platinum is a winning option. It has a balance transfer fee of 2.9% and comes with 22 months at 0%. There is also 0% on purchases for 3 months with an APR of 17.9%

If 0% on international charges is important, there are several good options. The Nationwide Select credit card has 0% on international charges, 20 months at 0% for balance transfers, 12 months at 0% for purchases and an APR of 12.9%

If you want to save money by getting a new credit card, you need to look at what is important for your circumstances. However don't be convinced by introductory deals - always compare the APR to make sure that the card remains competitive in the long run.

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