Compare Low Interest Credit Cards in Canada
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LOW INTEREST RATE CREDIT CARD GUIDE
Low interest rate credit cards either have a low interest rate or a low introductory annual interest rate (AIR). Most of the cards have an annual fee, however a few hidden gems do not. Low interest rate credit cards are perfect for people who will make a large purchase in the near future that will be paid off over time.
There are many benefits to low interest rate credit cards, the most obvious being the low interest rate and low introductory rate which can save hundreds, if not thousands of dollars in interest charges.
We recommend carrying a low interest rate credit card with no annual fee as a complimentary card in your wallet. There are several advantages in doing so. First, it gives you access to an additional line of credit, reducing your overall utilization if you carry a balance. This will help increase your credit score. Second, in the event you do need to carry a balance in the future, you’ll be able to use your low interest credit card with an attractive interest rate, reducing your costs.
There are some cons to low interest credit cards. Most do not come with as many benefits as other cards because you’re getting the low interest rate. Also, many low interest rate credit cards are designed for people with good or excellent credit profiles.
See how we ranked the best low interest rate credit cards and choose the right one for you.
Low interest rate credit cards not your thing? Go back to our homepage and use our credit card engine to help you find and compare the best credit cards in Canada!