Below you will see the credit cards with the lowest interest rates on the market, which will likely help you make an informed decision when signing with a bank.
It's important to remember that some cards often say they don't charge an annual fee, but they link the exemption to a minimum spend or for a specific period.
The data comes from the Brazilian Consumer Defense Association (Proteste), which compared credit cards with the lowest revolving credit interest rates.
So, why do some companies charge abusive interest rates? What's the reason? You'll be well informed about all this and more.
Cards with lower interest rates – find out more
In total, more than 100 cards from 16 different financial institutions were analyzed. It's important to remember that interest is charged when the consumer doesn't pay the full amount of the bill by the due date.
Discover the credit cards with the lowest rates
Learn which credit cards charge after one year of use, which don't charge an annual fee, and which impose a minimum spend and why. Discover which credit cards have the lowest fees:
- Banco Inter Gold, Platinum and Black: 79,59% interest per year;
- Itaucard Master Black and Multiplus Visa Infinite: 92,59% interest per year;
- Ourocard Master Black and Visa Infinite: 105,59% interest per year;
- Citi Black: 136,32% interest per year;
- Caixa Elo Nanquim, Masterblack and Visa Infinite: 151,82% of interest per year;
- Santander Aadvantage Black: 171,82% interest per year.
To ensure you're well-informed, it's important to clarify that the interest rates mentioned are revolving interest rates, why this happens, and how to avoid these rates.
Interest rates on cards exempt from annual fees
But that's not all, another comparison made by Proteste is of credit cards that are exempt from annual fees, but have recurring interest rates throughout the year, but we will highlight other points here in this article.
Check the rate for each of them:
The analyses were successful, but some companies didn't like it, find out why by looking.
- Banco Inter (Gold, Platinum Black): 79,59% interest per year;
- Digio: 249,47% interest per year;
- Credicard Zero: 290,52% interest per year;
- Nubank: 385,16% in interest per year;
- Hipercard: 588,94% interest per year.
For more information on the best credit cards for you, Click here, because we have the most up-to-date information on financing.
You can also access the Serasa link for more information on the subject.