Lowest Interest Rate Credit Cards (1.5% – 2.99%) in India
|Card Issuing Bank||Card Name||Monthly Interest Rate|
|Kotak Mahindra Bank||Best Price Card||1.50%|
|State Bank of India||UBI Advantage Card||1.75%|
|Union Bank of India||Classic Card||1.90%|
|Union Bank of India||Silver Card||1.90%
|Axis Bank||Easy Gold Credit Card||1.95%|
|State Bank of India||Advantage Plus Card||2.25%
|State Bank of India||Advantage Gold Card||2.25%
|Deutsche Bank||SmartGold Credit Card||2.25%
|ICICI Bank||Instant Platinum Card||2.49%
|Bank of Baroda||Titanium||2.60%
|Bank of Baroda||Signature||2.60%
|Bank of Baroda||Platinum||2.60%
|Kotak Mahindra Bank||Aqua Gold Card||2.99%|
- Remember that, if you make your bill payments on-time then you can request card issuing banks to further lower your interest rate. In order to stop the customer from going to some other company, banks will lower the rate.
- Always make full or maximum payment as much as possible. Longer you keep delaying the payment, higher would be your interest rate.
This article has been written by Chandra Mehta.
Chandra is a seasoned banker with 35+ years of experience in banking and financial services industry. He’s a retired banker and has served as Chief Manager and Assistant Vice President in State Bank of India/or its subsidiaries.
He has authored many articles on this site (allonmoney.com).