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Best Credit Cards - Low Interest Cards from Our Partners

If you're looking for the best low interest credit cards, you've come to the right place.  MoneyRates.com has assembled low-interest credit cards here.

Carrying a balance on your credit card doesn't have to mean night sweats when you think about your APR. Having a low-interest credit card in your wallet lineup can help you save money on purchases large and small. We've corralled some of the best low-interest credit cards in one spot so you can select and apply online.

Card Rating ★ ★ ★ ★ ★
  • Created for those with EXCELLENT CREDIT and approval is based on your credit rating and application review.
  • Low 7.50% variable standard purchase APR and platinum benefits
  • No balance transfer fee for balances transferred
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Card Rating ★ ★ ★ ★ ★
  • No Balance Transfer Fees - start saving immediately!
  • A low variable APR on balance transfers and purchases
  • No Annual Fee
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Card Rating ★ ★ ★ ★ ★
  • USAA Bank credit cards are exclusively available to military members, veterans who have honorably served, and their eligible family members.
  • Enjoy our lowest rate card.
  • Pay no annual fee, penalty APR or over-the-limit fee.
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Card Rating ★ ★ ★ ★ ★
  • Created for those with EXCELLENT CREDIT and approval is based on your credit rating and application review.
  • Low 9.50% variable standard purchase APR and platinum benefits
  • No balance transfer fee for balances transferred
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Card Rating ★ ★ ★ ★ ★
  • 0% APR promo balance transfer rate for 12 mos. After that, the APR for the unpaid balance and any new balance transfers will be 10.24% to 17.99%. APR will vary with the market based on Prime Rate. 3% balance transfer fee per transaction. Subject to credit approval.
  • Rate and offers current as of June 1, 2016 and subject to change.
  • Earn 5 points on airfare purchases.
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Card Rating ★ ★ ★ ★ ★
  • 4.99% APR promo balance transfer rate for 12 mos with no balance transfer fee. After that, the APR for the unpaid balance and any new balance transfers will be 10.24% to 17.99%. APR will vary w/the market based on Prime Rate. Subject to credit approval. $100 bonus after spending $1,500 in purchase transactions within 3 months of account opening.
  • Rate and offers current as of June 1, 2016 and are subject to change.
  • Absolutely No Fees
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Card Rating ★ ★ ★ ★ ★
  • 0% APR promo balance transfer rate for 12 mos. After that, the APR for the unpaid balance and any new balance transfers will be 10.24% to 17.99%. APR will vary with the market based on Prime Rate. 3% balance transfer fee per transaction. Subject to credit approval. $100 bonus after spending $1,500 in purchase transactions within 3 months of account opening.
  • Rate and offers current as of June 1, 2016 and subject to change.
  • PenFed Platinum Cash Rewards Plus Card features
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Card Rating ★ ★ ★ ★ ★
  • 0% APR promo balance transfer rate for 12 mos. After that, the APR for the unpaid balance and any new balance transfers will be 10.24% to 17.99%. APR will vary w/the market based on Prime Rate. 3% balance transfer fee per transaction. Subject to credit approval. $100 bonus after spending $1,500 in purchase transactions within 3 months of account opening.
  • Rate and offers current as of June 1, 2016 and subject to change.
  • Earn 5 points on gas purchases at the pump. Fuel purchases for airplanes and boats do not receive cash back rewards.
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These quotes are from credit card issuers which have paid for a link to their website. Offers are subject to change without notice and may not be the same for all consumers.

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 Carry a Balance?

Low interest credit cards

By Shannon Lee | Money Rates Columnist

Credit card companies are always looking for ways to get your attention, and the promise of a low interest rate is one of those ways. While not everyone can qualify for one, low interest rate credit cards allow qualified borrowers to save greatly over the interest charges they would encounter with a higher-rate card.

What are low interest rate credit cards?

Low interest credit cards are exactly what they sound like: cards that charge you a lower interest rate on your monthly balances than most other credit cards would. Approval for a low interest credit card is often based on your credit score and the information provided during the application process, and in many cases, only those with the best credit will be approved for a low interest rate credit card.

When shopping for a low interest card, it is important to note the difference between introductory APR and standard APR. Many credit cards, including many low interest rate cards, may offer a 0% APR introductory rate on purchases and balance transfers, but not every card that offers an initial zero or low APR will feature a low rate at the end of that introductory period. It is very important to consider what rate you will be charged once that offer period has expired.

As always, read the fine print. Many cards that appear to be a great deal in the short run will prove to be much less enticing once the standard rates and fees apply. Remember: what looks like a great deal at first blush might not be good for your bottom line in the long run.

    How to find the best low interest credit cards

    Before you jump into the world of low interest credit cards, think about your spending habits and how you intend to use the card before you apply for it. The best low interest credit cards are those that give you the spending flexibility you need while making it easier to pay down your balance.

    Again, these five points in the fine print deserve careful consideration:

    1. The APR is a very important element to consider, as it might not stay low forever. What will you be paying after the introductory period?
    2. Is the APR different for cash advances? What about balance transfers?
    3. If you are going to transfer a balance, what kind of transfer fees can you expect?
    4. Is there something that can void your introductory offer, such as a late payment? What can you expect from late charges and over-the-limit fees?
    5. Look for the annual fee. Is it charged in one lump sum or spread out over a period of several months?

    Focus on cards that give you what you want, narrow the field down to one or two, and then fill out those applications. Several applications at the same time can adversely affect your credit score, so it pays to be selective.

     

     

     

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