InTech the lowest rate credit card choice

The only way to minimise interest payments on credit cards is to secure a low rate. This rate needs to be low – if possible, less than 10 per cent. The interest rate needs to be the same for both purchases and cash advances. And forget about low-rate offers for the first few months. These are gimmicks, but banks try to pretend these one-off interest rates matter when they run around making comparisons between products. Sticking just with low interest rates as the benchmark, five credit cards stand out. According to consumer banking research firm InfoChoice the five credit cards with the lowest interest rates are from InTech Credit Union, Encompass Credit Union, Aussie, Bank of Queensland and Members Equity Bank.

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