The cheap credit card offers a low APR of interest as standard. Use our cheap credit card comparison table to find the best low rate offers around. Availability varies depending on the state of the credit card market but there are normally some good offers to be had.
Cheap credit cards are suitable for people who don’t want to get stuck with an interest bill of 15% or 16% a year but also don’t want to keep doing balance transfers to move their debts from one balance transfer credit card to another each time their 0% interest offer comes to an end.
You probably won’t cut your interest bill as much using a cheap credit card as you will using balance transfer credit cards but you won’t have to apply for new cards as often nor will you have to remember when your balance transfers offer is coming to an end. Another advantage of using a cheap credit card is that your credit history will show fewer credit card applications which can make you seem like a better borrower to some lenders.
If you feel that you are not organised enough to juggle more than one credit card or that you are too busy to bother checking for the latest deals all the time then consider a cheap credit card as a good way to cut your interest bill without too much hassle.
The interest rates on a cheap credit card will normally be variable so you will have to keep an eye on what you are paying. Occasionally though you can grab a fixed rate offer for a limited time, normally these special offers revert to a low variable rate at which time you should start keeping an eye on your credit card statement to ensure that your low rate stays low. If it starts creeping up then consult our cheap credit card comparison table for the latest deals.
