Product focus: Low purchase rate credit cards

Category: Credit cards
Date: 11/30/2011

In anticipation of the New Year, some customers may be coming out of an introductory deal or just looking to take out a credit card offering a simplified low rate for purchases.

These cards offer a low rate on any purchase so customers shouldn't receive any surprises when their statement arrives, so long as they keep up repayments.

Here is a selection of some of the best cards available for this purpose.

Sainsbury's Finance Low Rate Credit Card MasterCard

• Available for Sainsbury's shoppers who hold a Nectar Card, this credit card charges 6.9% APR on purchases.
• With one of the lowest rates in the market, balance transfers are also accepted with no balance transfer fee to pay.
• There are no introductory deals for this card and customers must be 18 or over and apply online.

Barclaycard Platinum Simplicity Visa

• As the title suggests, this credit card offers a simple structure which offers a low rate but no introductory offers.
• Charging 7.9% APR on purchases the card also allows balance transfers with no balance transfer fee to pay.
• On top of this customers will have access to the Barclaycard Freedom scheme where reward money at certain stores can be obtained and redeemed off future purchases.
• Customers must have a minimum income of £20,000 and be aged 21 or over and apply online only.

Capital One Click Card MasterCard

• This card is ideally aimed at internet shoppers and charges 9.9% APR on purchases and accepts balance transfers with no balance transfer fee to pay.
• The card's discount scheme through extras plus allows customers to benefit from exclusive discounts with online retailers with new discounts becoming available every three months via email.
• Customers must earn £20,000 and be aged 21 or over and apply online or by telephone.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at anytime.