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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.

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Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all available financial products, however.
Card Rating
  • $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • 0% APR promo balance transfer rate for 12 months now through March 31, 2020. After that, the APR for the unpaid balance and any new balance transfers will be 11.74% to 17.99%. APR will vary w/the market based on Prime Rate. 3% balance transfer fee per transaction. Subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
  • Rate and offers current as of September 1, 2019 and subject to change.
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On PenFed Credit Union secure website
Card Rating
  • $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • 0% APR promo balance transfer rate for 12 months with 3% balance transfer fee now through March 31, 2020. After that, the APR for the unpaid balance and any new balance transfers will be 11.74% to 17.99%. APR will vary with the market based on Prime Rate. Subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
  • Rate and offers current as of September 1, 2019 and are subject to change.
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Apply Now
On PenFed Credit Union secure website
Card Rating
  • Earn 25,000 Bonus Points by spending $2,500 in the first 90 days of account opening.
  • 0% APR promo balance transfer rate for 12 months with 3% balance transfer fee now through March 31, 2020. After that, the APR for the unpaid balance and any new balance transfers will be 12.74% to 17.99%. APR will vary with the market based on Prime Rate. Subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
  • Earn 4X Points on travel purchases through the PenFed Honors Advantage program. Earn 3X points on travel purchases for all other card holders.
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On PenFed Credit Union secure website
Card Rating
  • 0% Intro APR3for 12 monthly billing cycles for purchases and balance transfers, then 14.24% - 27.24% Variable APR4. Balance Transfer fee of 5%, $10 minimum.
  • $0 Annual Fee*
  • 3% Cash Back1 at Coffee Shops, Fast Food Locations and on Ridesharing Services2
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On Commerce Bank secure website
Card Rating
  • Unlimited 1.5% Cash Back1 on every purchase - no exclusions, no sign ups and no point caps!
  • $150 Cash Back Bonus2 after you spend $1,000 on purchases in your first 3 months from account opening.
  • toggle® tools allow you to create and change settings for what, when and how you pay.
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On Commerce Bank secure website
Card Rating
  • 0% Intro APR on Purchases and Balance Transfers for 12 months; after that, the variable APR will be 15.15% to 25.15%, based on your creditworthiness
  • Earn $150 Statement Credit after you spend $1,200 on purchases within the first 90 days from account opening
  • Earn 5x rewards on up to $1,500 in combined purchases each quarter in popular categories such as dining, groceries, travel, and automotive
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On ABOC secure website
Card Rating
  • $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • 4.99% APR promo balance transfer rate for 12 months with no balance transfer fee now through March 31, 2020. After that, the APR for the unpaid balance and any new balance transfers will be 11.74% to 17.99%. APR will vary w/the market based on Prime Rate. Subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
  • Rate and offers current as of September 1, 2019 and are subject to change.
Read more
Apply Now
On PenFed Credit Union secure website
Card Rating
  • $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • 0% APR promo balance transfer rate for 12 months now through March 31, 2020. After that, the APR for the unpaid balance and any new balance transfers will be 8.99% to 17.99%. APR will vary w/the market based on Prime Rate. 3% balance transfer fee per transaction. Subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.
  • Rate and offers current as of September 1, 2019 and subject to change.
Read more
Apply Now
On PenFed Credit Union secure website
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.

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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