Are Low-Interest Credit Cards the Key to Financial Savings?

Credit Cards are becoming a need for individual who are willing to get good benefits. But, sometimes not paying bills on time lead them towards high interest rate and later they regret about it. Here in this article, we’re going to discuss about some of the best low-interest credit cards from which you will not be stressed out. Let’s see how low-interest credit cards can help you to achieve bonus reward points and other benefits based on your spends.

Low Interest Credit Card

What are Low-Interest Credit Cards?

Low-interest credit cards is a type of lifesaving credit card which is hard to find but magical when you do. These cards basically have lower annual percentage rate (APR) compared to other regular credit cards. Here APR is referred as interest rate charged on the total amount of credit card bill and if you don’t pay your bill on time then this APR is increased.

Let’s see some of the best low-interest credit cards but most of them an average APR and only few cards have a lower interest rate so we’re going to let you know about both of them.

IDFC FIRST Wealth Credit Card

The IDFC FIRST Wealth credit card is one of the best offering by the IDFC bank. Beside its luxurious features, this card also comes with a zero annual membership fee. The annual percentage rate of this card is 0.75% to 3.5% per month based on the credit history of the cardholder.

HDFC Bank INFINIA Metal Credit Card

HDFC INFINIA Metal Credit Card is one of the most premium card provided by HDFC Bank. This card have a lower interest rate even being a premium card. APR of Infinia Metal credit card is 1.99% per month or 23.8% per year which in comparison to other card is low. Also, as a welcome benefit cardholders will get 12,500 reward points and a complimentary membership of Club Marriott.

HDFC Bank Diners Club Black Metal Edition Credit Card

Diners Club Black Metal Edition credit card is one of the best low-interest credit cards provided by HDFC Bank. Where APR of this credit card is just 1.99% monthly in comparison to other premium credit cards. As a welcome benefit card holder will get a Complimentary Membership of Club Marriott, and unlimited lounge access for both domestic and international airports.

IDFC FIRST Select Credit Card

Select credit card is one of the most famous and luxurious cards provided by IDFC FIRST BANK. This card comes with a lifetime free benefit where you don’t have to pay charges as joining or annually. Here the interest rate will range between 0.75% to 3.5% per month based on the credit history of the users.

Yes Bank RESERVE Credit Card

Yes Bank RESERVE Credit Card was first known as First Exclusive Credit Card, which is a high-end card from Yes Bank. This card is considered to be the best competitor to HDFC Bank’s premium Infinia credit card. Interest rate of this card is 2.99% per month which is lower than other bank credit cards. Also, cardholders will get 24 reward points for every Rs. 200 spent online and 12 reward points for every Rs. 200 spent for offline shopping.

Conclusion

For more financial savings, it is recommended to go with the best low-interest credit cards, which offer a lifeline for those who are new to credit cards. While exclusive cards like IDFC FIRST Wealth, HDFC Bank INFINIA, Diners Club Black Metal Edition, IDFC First Select, and Yes Bank RESERV come with lower APRs, providing a route for both bonus rewards and spent benefits.

Leave a Reply

Your email address will not be published. Required fields are marked *