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Product focus: Low purchase rate credit cards

Product focus: Low purchase rate credit cards

Category: Credit cards

Updated: 14/12/2012
First Published: 30/11/2011

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

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.
Compare 0% purchase credit cards

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 Any products featured may be withdrawn by their provider or changed at any time.

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