Credit Cards with the Lowest Interest Rates

by Carlo Miguel Castañeda, on category "Credit Card,Lifestyle,Product Reviews & Tips"

December 20, 2016


Credit Cards with the Lowest Interest Rates

If you’re thinking about getting a credit card, odds are you might get lost when it comes to the benefits and rewards that come with having one. Comparing credit cards usually get you a bunch of different ones, depending on what you’re looking for.
You might want something that excels in the online shopping area, or if you buy the groceries at home, one that provides reward points on every time you spend on groceries. There’s a card for every type of lifestyle out there.
For credit cards with the lowest interest rates, here are five to get you started:

citibank platinum visa credit card
Rustan’s Citibank Platinum Card
Interest Rate: 
2.75% per month

The Rustan’s Citibank Platinum card is a co-branded card that provides rebates on shopping at Rustan’s, Shopwise, and Store Specialists, Inc. Included in the card’s benefits package is a 0% interest on installment facilities at participating establishments and additional fraud protection.
Annual fees are waived for the first year, and you can earn up to 3x points when you shop, dine, or book with Cebu Pacific.

hsbc mastercard
HSBC
 Premier MasterCard
Interest Rate: 
2.75% per month

HSBC’s Premier MasterCard is a card built for the jet setter, featuring point gains from Asia Miles (Air Asia), Mabuhay Miles (Philippine Airlines), and KrisFlyer. You can also get exclusive privileges such as 0% instalment, flexible payment terms with all travel-related spend, and reward items such as 1,500 Mabuhay Miles and SM Gift Certificates when you apply.


BDO
 Platinum MasterCard
Interest Rate: 
2.50% per month

With the BDO Platinum MasterCard, you can enjoy up to 6 months absolutely 0% installment on airline tickets and a free SM Advantage card. The Php 4,500 annual fee is waived for the first year, and travelers can get Php 20 Million travel insurance when you buy tickets with your card.


Metrobank
 M Lite MasterCard
Interest Rate: 
2.49% per month

The Metrobank M Lite MasterCard by MetroBank is a card that fits young adults, with the ability to customize the card itself and one of the lowest finance charges in the market at 2.49%. The Php 1,500 annual fee is waived for the first year, and you can spend your points on any number of rewards, the purchase of airline tickets, or rebates if you have enough points.

BPI family credit card
BPI Family Credit Card
Interest Rate: 
2% per month

The BPI Family Credit Card, powered by MasterCard, touts itself as a no-frills credit card with a low-interest rate and annual fee. The Php 1,000 annual fee is waived for the first year, and you can transfer balances from other cards to this one. It has no limits on rewards, air miles, discounts, and rewards at the hippest shops, restaurants, and coolest clubs.

Final thoughts

Credit cards are great tools when you’ve got the discipline and the knowhow to stay on top of your bills. The best way to maximize your credit card use, and build up a positive credit score is to use it in moderation, and to know when to use it for big-ticket purchases.