If you live in Alberta and are looking to save on credit card interest, the ATB Preferred Fixed-Rate Mastercard offers very low interest rates for a $29 annual fee.

Here's how this card can help you save on credit card interest.

2 benefits to the ATB Preferred Fixed-Rate Mastercard

Here are 2 things that the ATB Preferred Fixed-Rate Mastercard has to offer.

1. Low interest rates

If you're getting this card, it's because of the low interest rates. Instead of the typical 20%+ interest most credit cards charge, you're looking at these low, non-promotional rates instead:

• Purchase: 10.9%
• Cash Advance: 10.9%
• Balance Transfer: 10.9%

If you tend to carry a balance from time to time on your credit card, these lower rates will save you quite a bit on interest payments.

2. Choose your own card design

A unique feature of most ATB credit cards is you get to choose how your credit card looks. And the ATB Preferred Fixed-Rate Mastercard is no exception.

You get to pick your design from a list of 80, so your card looks like you want it to.

3 downsides to the ATB Preferred Fixed-Rate Mastercard

Here are some things to think about with the ATB Preferred Fixed-Rate Mastercard.

1. Only available to residents of Alberta

ATB only operates in Alberta. And as such, all of their credit cards are only available to residents of that province.

You'll have to look elsewhere for a credit card if you don't live there.

2. No rewards on purchases

This is par for the course when it comes to low-interest credit cards, but you won't earn any rewards on purchases.

This card is really only for those who carry balances on their credit cards.

3. No insurance included

The ATB Preferred Fixed-Rate Mastercard doesn't include any insurance at all. Even basic extended warranty and purchase protection isn't included.

Comparison to MBNA True Line Mastercards

Curious how the ATB Preferred Fixed-Rate Mastercard compares to the competition? MBNA offers a pair of low interest credit cards in the MBNA True Line Mastercard and the MBNA True Line Gold Mastercard.

Here's how they compare side-by-side.

	ATB Preferred Fixed-Rate Mastercard	MBNA True Line Mastercard	MBNA True Line Gold Mastercard
Interest Rates	* Purchase: 10.9% * Cash Advance: 10.9% * Balance Transfer: 10.9%	* Purchase: 12.99% * Cash Advance: 24.99% * Balance Transfer: 12.99%	* Purchase: 10.99% * Cash Advance: 24.99% * Balance Transfer: 10.99%
Balance Transfer Offer	None	$20 GeniusCash + 0% interest on balance transfers for 12 months (terms)	None
Insurance Included	0 types	0 types	3 types
Annual Fee	$29	$0	$39

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