Mon, 27 Jun 2022

Credit cards with low-interest rates in 2022

7Newswire
26 May 2022, 17:33 GMT+10

You will come across many credit cards with high-interest rates, and customers often feel trapped once they step into a credit loop. So, when choosing a credit card, check out the ones that offer a flexible way to pay bills and products. Also, you must select a credit card with a low-interest rate.

As you read ahead, you will learn more about the credit cards you can use in 2022. You will know why you must prefer using a credit card with a low-interest rate. It's always better to compare the credit cards before choosing the Beste kredittkort.

Why must you choose a credit card with a low-interest rate?

There are many advantages of using a low-interest credit card. Some significant benefits are listed below.

Helps you to save money:

When you choose a low-interest credit card, you will save money on monthly interest payments. If you like to pay later as per the credit card balance, you must consider a low-interest credit card. Compared with many credit cards, such cards have an interest rate ranging from 15% to 20%. Hence, when you observe a substantial reduction in the monthly payments, it can eventually lead to significant savings.

Low annual fees:

If you want to maintain the account status and the credit score, you need to pay the fees for a credit card. But, depending on the credit card you use, the annual fees will vary. While the yearly recurring costs are pretty high even for a rewards credit card, you can minimise them by choosing a credit card with low interest. You no longer have to think about the best option to offset the annual fees.

Helps to pay off the debt comfortably:

Paying off a lot of credit card debt will seem challenging. But, when you consider a balance transfer credit card, you can pay off the debt with great comfort. Such cards also offer a low-interest rate right from the introductory period most of the time. But, if you think that you're unable to pay off the accumulated debt within a certain period, consider something for the long term.

Which are the top low-interest credit cards in 2022?

As you start comparing the credit cards, you will observe numerous credit cards with low-interest rates. So, let's quickly go through the credit cards you can use for huge savings.

Remember GOLD Credit Cards

Acceptable in most places, Remember GOLD credit cards can help you borrow money for your purchases. Moreover, you only have to pay the interest at 18.39% if you fail to make repayments in time. You can also get a discount at selected stores when you use the credit card from time to time. Besides, the annual fee to maintain the status is 0 kr.

Ikano Visa

Apart from a high credit limit, using the Ikano Visa credit cards has many benefits. While you can get a 1% discount on fuel and groceries, you can always make payments at a low-interest rate. In addition, you can also get up to a 10% discount on a specific category every month. The best part of using a credit card is that the individual can settle the due amount, after a purchase, within 50 days.

Instapay

There are many reasons why individuals have a great experience using Instapay. While Instapay offers one of the lowest interest rates (18.3%) in the market, the loan credit limit is often high (for example, 100,000 kroner). You can also avail of exclusive discounts and offers when you use the credit card. If you have any doubts, you can get an immediate answer.

Santander Red

Compared to numerous credit cards, Santander Red credit cards come at attractive interest rates, as low as 17.2%. After purchasing a product, you can also settle the remaining amount within 50 days. Besides, you can get a credit limit of 100,000 kr whenever you have to pay bills or pay for different services.

To sum everything up, it's always a good idea to pay off credit card debt using a low-interest credit card. As the interest rate is also low, you will be glad to save substantially on monthly payments. Additionally, you don't have to pay a high sum of money to maintain the current account status. Remember GOLD credit cards, Ikano Visa, Instapay, and Santander Red are some of the credit cards you can consider in 2022.

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