The best low interest credit cards to start your new year: Mozo Editor’s picks

Tom Watson   |   05 Jan 2018

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Whether you spent a little too eagerly over the festive period, or you just know that the year ahead is likely to be an expensive one, now is the perfect time to be proactive about getting your finances in check.

One of the best ways to make sure you’re not paying more than you need to throughout 2018 is by snagging yourself a low interest credit card - that way you’ll be able to keep your interest payments as low as possible, especially if you know you’re likely to carry a balance.  

So to help you get started, the Mozo Editors have pulled together some of the best low interest credit cards for you to compare.

Promoted

ME frank Credit Card
  • 11.99% purchase rate

  • $0 annual fee

  • Mozo Experts Choice Award 2017

The details:

Frank really delivers when it comes to providing a no frills card option for budget-conscious spenders wanting to reduce the amount of interest they pay. With a low purchase rate of just 11.99% as well as no annual fee, it's hardly a surprise that the card also took out a 2017 Mozo Experts Choice Award in the Best No Annual Fee category.

Promoted

ANZ Low Rate Platinum
  • 11.49% purchase rate

  • 2017 Mozo Experts Choice Award

  • 0% balance transfer offer for 15 months

The details:

Not only does the ANZ Low Rate Platinum credit card offer a low 11.49% purchase rate to help keep your interest payments low, you’ll also be able to transfer any existing debt onto the card to make use of the lengthy 0% balance transfer offer for 15 months (with no transfer fees). While you will have to pay a $99 annual card fee, it’s more than made up for by handy perks such as overseas travel insurance and extended warranty.

Promoted

Bendigo Bank Low Rate Mastercard
  • 11.99% purchase rate

  • Low $45 annual fee

  • 55 interest free days

The details:

There’s a lot to like about a piece of plastic that will help you keep more money in your pocket, and the Low Rate Mastercard from Bendigo Bank does just that thanks to a low $45 annual fee and purchase rate of just 11.99%. The card also offers up to 55 interest free days on purchases for cardholders who pay off their balance in full each month.

Promoted

Coles Low Rate Mastercard
  • 12.99% purchase rate

  • $58 annual fee

  • Earn 0.5 flybuys points for every $1 spent at Coles

The details:

The Coles Low Rate Mastercard is the perfect partner for cardholders wanting to get the most out of their plastic, especially if they’re regular shoppers at Coles supermarkets. Not only will you be able to save on interest payments thanks to the card’s competitive 12.99% purchase rate and $58 annual fee, you’ll also be able to earn flybuys points at a rate of 0.5 points per $1 spent at Coles supermarkets.

Promoted

CUA Low Rate Credit Card
  • 11.99% purchase rate

  • 0% balance transfer rate for 13 months

  • $49 annual fee

The details:

With up to 13 interest-free months to pay off any existing debt you transfer over to the card, plus a low 11.99% purchase rate on new spends and $49 annual fee, the CUA Low Rate Credit Card could be the ideal piece of plastic for anyone wanting to ditch their current debt or just keep their interest payments as low as possible throughout the year.

Haven’t found what you’re looking? No need to worry, because there are even more low interest credit cards deals over at the Mozo low rate credit card hub.

*All rates and offers mentioned in this article are correct at time of writing, but may be subject to change. Please check the full Mozo review for each product for the most up-to-date information.

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