The lowest credit card interest rate at the moment is 7.8%. The credit card that offers 7.8% is Sainsbury's Nectar Low Rate Credit Card. One can find low interest credit cards from the Money Supermarket website.
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Currently in the USA the credit card that offers the lowest interest rate is the Citibank Clear Platinum Card, offered by the bank Citibank. This card is a Visa Platinum.
No. Using a credit card usually involves borrowing money and you want the lowest interest rate you can get. On the other hand, when saving money you want the highest interest rate.
The only benefit to cancelling the lowest rate credit card is that it may keep an individual from over spending. In contrast, the highest card should always be cancelled and the lowest rate kept to reduce interest fees.
The interest rate on this credit card is fixed.
The lowest rate on a credit card depends on ones credit status, location and the company that the credit card is offered with. Visa, Sainsbury's, Natwest, Royal Bank of Scotland, Halifax and MBNA offer some of the lowest interest rate credit cards on average. It is always worth shopping around on a 6 monthly or 12 monthly basis as deals are often fixed at a low interest rate for just a short period of time.