Drexosy is an independent credit card comparison platform. We may earn a commission when you click through.
Comparing Low Interest Credit Cards: Best Picks This Summer
Find the best low-interest credit cards for your spending needs.
Quick Picks
Best overall: Equity Bank Classic Visa Credit Card.
Best budget: ABSA Classic Credit Card.
Best for travelers: NCBA Gold Visa Credit Card.
Lowest Interest Rates
Choosing a credit card with a low interest rate can save you significantly if you carry a balance. Let's explore the options with the most competitive rates available this summer.
Equity Bank Classic Visa Credit Card
The Equity Bank Classic Visa offers the lowest interest rate in Kenya at 1.5% per month, making it a solid choice for cost-conscious borrowers. While it lacks a rewards program, the savings on interest charges make it attractive for those who prioritize low borrowing costs.
ABSA Classic Credit Card
The ABSA Classic Credit Card stands out for its no annual fee and no joining fee policy, although it has a higher interest rate of 3.99% monthly. It's best suited for those who plan to pay off their balance monthly, avoiding interest altogether.
If you're looking for more than just low interest rates, the following cards offer additional perks that may justify their higher fees.
Travel Perks and High Limits
For those who travel frequently, these cards provide valuable travel perks and higher credit limits, perfect for globetrotters.
NCBA Gold Visa Credit Card
The NCBA Gold Visa Credit Card is ideal for travelers, offering airport lounge access and $1M travel insurance. Despite its 3.5% monthly interest rate, the benefits make it worthwhile if you travel often and utilize the perks.
KCB Gold Visa Card
KCB Gold Visa Card combines a mid-tier offering with Simba Points rewards, redeemable for cash and airtime. While the interest rate is standard at 3.5% monthly, the rewards program provides added value for KCB customers.
Ultimately, your choice depends on your spending habits and financial priorities. Whether you need low interest rates or travel perks, these options cater to different needs. Consider how often you carry a balance and the type of benefits you value most when selecting a card.