These cards have a low purchase rate for life (or a much longer time period), unlike 0% introductory rates which rise dramatically after the offer expires. It offers consistent low spending without having to constantly change credit cards.
The rate offered is usually variable, and could technically rise. However it is unlikely to rise dramatically.
Never use the card for both balance transfers and low purchase rates – choose one and stick to it.
The Top Low Rate Purchase Cards:
Barclaycard Simplicity Credit Card
Typical APR: 6.8%
Min. Repayment: 2.25% (min. £5)
Typical APR: 8.9%
Min. Repayment: 1% (min. £5)
