Low Interest Credit Cards

The most frequently queried factor with any credit card is the overall interest rate. People, and rightly so, are more concerned with how much interest they will be paying on their balance overall than the fancy reward schemes and introductory rates. I am one of those people. Sure balance transfer figures, cashback figures and purchase rates are important to some people, but to the vast amount of low volume credit card users, we’re more concerned with finding and using a card that simply won’t charge us the earth, if and when we happen to have a bit of spend on it. The key to this is to find low interest credit cards, and not just credit cards that offer low interest rates for the first 1, 2, 6 months - we need credit cards that offer fixed, extremely low interest rates.

I have done some looking around and there are numerous card issuers out there that offer a great APR for almost 5 years! By that time you will have probably found an even more cost effective card issuer anyway. A lot of the offers out there are instant approval credit cards, so there is no need to go through a long application process either. If you consider your credit rating to be good enough, have a look around at the various offers available, you might just find yourself a very low interest card to replace your current one.

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Debt Consolidation Advice, Help and News from Debt Advisers Direct

• Consumers took on more mortgage debt in July August 26, 2010
  Consumers took on £2bn more mortgage debt than they repaid in July, according to the latest figures from the British Bankers` Association (BBA). This represented a 4.1% annual increase in net mortgage lending by banks, the report adds. Gross mortgage lending came to £8.4bn in July, but this was down on the £8.6bn seen both a month earlier and on average […]
• Debts called in by parents August 26, 2010
  According to research, `the bank of Mum and Dad` is now calling in its debts - as parents ask for larger amounts of money back from their children, The Telegraph reports. The findings revealed that one in 10 grown-up children either gave or lent, on average, £8,250 to their parents last year. This figure is £1,750 higher than it was in 2008. More than on […]
• Teenagers `scared of debt` August 19, 2010
  Nearly two thirds of teenagers are `scared` of debt, according to a survey for discount website MyVoucherCodes.co.uk. Fully 64% of 1,482 teenagers (aged 14-17) questioned said that they`re actually scared of debt. 53% said they don`t trust lenders. 21% said that they didn`t plan to take out a loan or have a credit card - ever. Of the people who didn`t wan […]
• Rising household costs could pressure people in debt August 10, 2010
  The UK may be about to see a rise in food price inflation that could put extra pressure on already-stretched household finances, The Independent reports. Kantar Worldpanel, a market research firm, has forecast a rise from 2% to 4% in grocery-price inflation by the end of the year. The firm attributes this to growing wholesale prices of things like wheat an […]
• Pensions debt may impact workers` retirement funds August 5, 2010
  According to a report by actuaries LCP, an entire generation of workers may be left with little money to retire on because companies haven`t reduced their pension debts, lv.com reports. £17.5bn was paid into employee pension pots by large firms during 2009 - which helped slash the top 100 firms` overall pension debt by around 50%, to £51bn. However, as t […]