Low Interest Rate Credit Cards

With a low interest credit card, you can't expect many other perks like rewards or cash back without paying a higher rate. Low interest credit cards will often come with no annual fee and rates between 6.99% and 9.99%. Like many cards, the APR is variable and indexed to the prime rate. Most low interest credit cards will also require good to excellent credit.

Low interest credit cards are great if you carry a balance and need to keep the interest low. As with all credit cards, on time payment history is the best way to ensure that you keep your low rate. Below are some of our favorite low interest credit cards.

Recommmended just for you

Capital One® Platinum Prestige Credit Card

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0% Intro APR until September 2011 on balance transfers, processed in as little as 48 hours
0% Intro APR until September 2011 on purchases
Transfer your higher-rate balances
$0 Fraud Liability if your card is lost or stolen
24-hour travel & emergency assistance gives you a replacement card and cash advance
24-hour roadside assistance
Travel accident insurance
No annual fee

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26 Comments| Share| 0 members think this is a good card

Why we recommend it...

Low interest rates are a rarity in today’s credit card market, so when you stumble across a low interest credit card like Capital One’s Platinum Prestige, you just can’t afford to pass it by. Platinum Prestige offers a generously low 11.9% APR, and also gives an impossibly-good introductory offer of 0% APR on balance transfer and purchases until September 2011. This kind of rock-bottom rates can save you thousands in the long-run when carrying balances month-to-month. In addition to the Platinum Prestige’s premium feature of low interest rates, it also has no annual fee.

If you qualify with excellent credit, take advantage of the affordability of this credit card. It is the ideal card for large balances and balance transfers. If you want to save the most on low interest and few fees, than the Platinum Prestige is the practical, cost-saving everyday card you deserve.

Pros:

0% APR until September 2011 on balance transfers and purchases
No Annual Fee

Cons:

Need Excellent Credit

Credit Score Approval Data †

tbd

Average Credit Score Approved for this Card

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Lowest Credit Score Approved for this Card

Chase Freedom® Visa - $50 Bonus Cash Back

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Earn $50 Bonus Cash Back after first purchase
0% Intro APR and No Annual Fee
5% cash back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly maximum. Signing up is free and easy!
Unlimited 1% Cash Back on all other purchases with no spending tiers
Up to an additional 20% cash back when you shop online at select merchants through Chase

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228 Comments| Share| 0 members think this is a good card

Why we recommend it...

For most recommended low-interest credit cards, the low interest rate is the best feature. However, with the Chase Freedom Credit Card, a competitively low interest rate goes hand-in-hand with amazing additions like a great cashback program, bonus rewards opportunities, and no annual fee! You earn 1% cash back every time you swipe anytime, anywhere, and for anything. Plus, Chase offers extra bonus rewards earning opportunities like a stand-out 5% bonus cashback in special changing categories, additional 20% bonus cash back at select merchants, and 2% cashback on eligible airfare. The added Chase Blueprint features help you plan and manage your finances responsibly. As another bonus, Chase is throwing in 0% intro APR for up to 12 months to help you save more.

No need to think twice about getting Chase Freedom because it has it all: perks, no annual fee, money management help, 0% intro APR, and a low interest rate to make it the best balance-carrying credit card in your wallet.

Pros:

Low interest rate
0% intro APR for purchases for first 6 months; 0% intro APR for balance transfers for 12 months

Cons:

Need good-excellent credit
High penalty APR

Credit Score Approval Data †

738

Average Credit Score Approved for this Card

685

Lowest Credit Score Approved for this Card

Additional low interest rate credit cards

Platinum Zero® Secured Visa® Credit Card from Applied Bank®

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ZERO - 0% FIXED APR on Purchases - No Intro Rates!
ZERO - 0% Rate Won’t Change - Even If You’re Late!
ZERO Application Fees
ZERO Worries - FREE Personal ID Theft Protection
ZERO Delays - Timely CREDIT Bureau Reporting

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7 Comments| Share| 41 members think this is a good card

Simmons First Visa Platinum

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Excellent Credit Required - Applicants that do not have excellent credit will not be approved
Low 7.25% variable standard purchase APR and platinum benefits
No balance transfer fee for balances transferred in response to this online offer
No Annual Fee

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23 Comments| Share| 50 members think this is a good card

IBERIABANK Visa ® Select Card

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Introductory Rate of 0.00% for 12 months from date opened, on Purchases. (If there is an interest charge, the charge will be no less then $1.00). This rate will not change during the introductory period.
Low Introductory APR on Balance Transfers of 1.99% for the first 12 billing cycles, this rate will not change during the introductory period. Applies to balance transfers processed within three months of your account open date. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
Low Ongoing Variable Rate APR after introductory period of 7.50% (Prime + 4.25%). This APR will vary with the market based on the Prime Rate. (If there is an interest charge, the charge will be no less then $1.00).
Online access to credit card account information

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2 Comments| Share| 26 members think this is a good card

* See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on Provider's website.

† Credit Karma members have received approvals with these credit scores. These approval metrics are only guidelines and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.