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Low interest rate credit cards
With the current financial crisis, not many credit card issuers are willing to extend a low interest rate on card purchases. Instead, it is much easier and common to get a low interest credit card balance transfer offers.
A low interest rate credit card is critical if you plan to carry balances on your card purchases. It can help you to save money by avoiding the hefty interest rate charges. It'll be good if you can get one without paying an annual fee as well.
However, if you normally pay your balance in full every month, a reward card may be a better choice as you can earn rewards on your card purchases.
Nonetheless, if you plan to carry balances on your card, make sure you always pay at least the minimum amount required on time to avoid penalty. To help paying your card balances faster, always make the best effort to pay more than the minimum required amount.
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| Gold MasterCard® Credit Card - Fixed 9.99% AIR | ||||||||||||||
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| Capital One® SmartLine™ Platinum MasterCard® | ||||||||||||||
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| Capital One Fusion™ Platinum MasterCard® | ||||||||||||||
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| Capital One® Gold MasterCard®: 11.9% | ||||||||||||||
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The Gold MasterCard® Credit Card - Fixed 9.99% AIR is issued by MBNA Canada and is available to Canadian residents. This card program will provide you with low fixed interest rates and common gold cardholder services. There is no annual fee for this credit card program and some applicants with excellent credit ratings may even qualify for credit limits upwards of $100,000. These include fraud protection, emergency card replacement, 24-hour customer service, online account access, and access to thousands of ABMs worldwide. You can also take advantage of the gold benefits that come with the card. Those who do not qualify for the gold card may be considered for preferred card, which varies in terms of benefits and credit limits. Inactive credit balance: If your account is inactive and has a credit balance, we will charge you annually the lesser of: (1) the credit balance; or (2) $25 |
The SmartLine™ Platinum MasterCard® with a 5.99% Interest Rate, issued by Capital One Bank Canada, is a platinum card designed for Canadian residents with excellent credit who want to enjoy benefits and convenience of low interest credit card. Cardholders will enjoy 5.99% interest rate on purchases and balance transfers for three years, but you are required to pay your credit card bills on time to maintain the rate. Thereafter, a variable rate of Prime +4.99% applies. Another advantage with this card is there is no fee for the balance transfer. Platinum MasterCard benefits such as purchase assurance and extended warranty, car rental collision and damage waiver, travel accident insurance are included. Cardholders are protected with $0 fraud liability for unauthorized use. The card also comes with the convenient MasterCard PayPassTM feature, allowing you to Tap & Go for small purchases. This card has no annual fee and a low interest rate even after the three years term expired. If you would like enjoy low interest rate with miles rewards or cash back, you have the option to add these benefits onto the card with a $99 annual fee. If you spend at least $10,000 a year, the extra rewards fee could be a good option with the expected 1% return on purchases. In short, this could be the right card if you intent to carry balances on your card or make balance transfers. And if you do not plan to carry balances or transfer balances, a reward card could be a better choice for you. May I use the balance transfer service for U.S. accounts? Yes, you may transfer balances using the balance transfer service for both U.S. and Canadian accounts. However, all requests will be processed in Canadian dollars. For U.S. balances that you wish to transfer, please indicate the Canadian dollar amount you wish to have transferred. SmartLine™ Platinum MasterCard® is a good match for you if: You've had open credit such as a credit card, loan or line of credit for more than ten years. You've had excellent credit for the last seven years (no bankruptcies and no defaults on credit as a result of failing to pay debts back to creditors). You have not opened a new credit card, loan or line of credit in the last nine months. You've made all your payments on your existing credit on time in the past six months. Your household income is more than $40,000 a year. |
The Platinum MasterCard® with a 11.9% Interest Rate, issued by Capital One Bank Canada, issued by Capital One Bank Canada, is a platinum card designed for Canadian residents with good credit who want to enjoy benefits and convenience of low interest credit card. Cardholders will enjoy 11.9% interest rate on purchases and balance transfers for three years, but you are required to pay your credit card bills on time to maintain the rate. Thereafter, a variable rate of Prime +9.9% applies. Another advantage with this card is there is no fee for the balance transfer. Platinum MasterCard benefits such as purchase assurance and extended warranty, car rental collision and damage waiver, travel accident insurance are included. Cardholders are protected with $0 fraud liability for unauthorized use. The card also comes with the convenient MasterCard PayPassTM feature, allowing you to Tap & Go for small purchases. This card has low, $19 annual fee and a low interest rate even after the three years term expired. If you would like enjoy low interest rate with miles rewards or cash back, you have the option to add these benefits onto the card with a $99 annual fee. If you spend at least $10,000 a year, the extra rewards fee could be a good option with the expected 1% return on purchases. In short, this could be the right card if you intent to carry balances on your card or make balance transfers. And if you do not plan to carry balances or transfer balances on your card, a reward card could be a better choice for you. May I use the balance transfer service for U.S. accounts? Yes, you may transfer balances using the balance transfer service for both U.S. and Canadian accounts. However, all requests will be processed in Canadian dollars. For U.S. balances that you wish to transfer, please indicate the Canadian dollar amount you wish to have transferred. Capital One Platinum MasterCard® is a good match for you if: You've had open credit such as a credit card, loan or line of credit for more than six years. You've had good credit for the last seven years (no bankruptcies and no defaults on credit as a result of failing to pay debts back to creditors). You have not opened a new credit card, loan or line of credit in the last nine months. You've made all your payments on your existing credit on time in the past three months. |
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