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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
Citi® Platinum Select® MasterCard®
- 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness
- Extra Cash from Citi: enjoy discounts on gift cards, travel, merchandise and more
- Citi® Identity Theft Solutions
- Secure, free online account management
- No annual fee*
Why we recommend it...
If you’re looking for a simple but powerful credit card for savvy credit card spending, look no further than the Citi Platinum Select MasterCard. It’s a no-frills card with an excellent intro APR offer, and a generously low interest rate starting at 11.9%.
Citi Platinum Select offers 0% intro APR on balance transfers and purchases for 18 months, which resets to an interest rate as low as 11.99% interest after the intro period. This generous offer makes this card ideal for carrying large balance transfers and monthly balances, while saving hundreds if not thousands of dollars on interest. This card is key to saving money in the long term on your credit card purchases. The card also has no annual fee, and offers Citi-exclusive benefits like Extra Cash, Citi Identity Theft Solutions, $0 Liability, and more.
Citi Platinum Select is excellent for saving money, while scoring extra benefits, every time you swipe.
Pros:
- Low interest rate
- 0% intro APR for purchases and balance transfers for 18 months
Cons:
- Need excellent credit
Credit Score Approval Data †
702
Average Credit Score Approved for this Card
649
Lowest Credit Score Approved for this Card
Discover® More Card
- 0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% - 20.99%*
- 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more. Limitations apply*
- Discover is ranked #1 in customer loyalty--15 years in a row! (2011 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S.-based Account Manager within 60 seconds
- $0 Fraud Liability plus automatic mobile and email fraud alert options
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
Why we recommend it...
The Discover More Card is a great choice if you’d like a low interest rate without sacrificing other great perks like cash back rewards. Cardholders enjoy 0% intro APR for up to 15 months on both purchases and balance transfers. After the intro period, the interest rate resets to as low as 10.99%. The introductory 0% APR along with the low interest rate make this card ideal for consumers who plan on carrying a monthly balance or who are looking to make a large balance transfer.
In addition to the low interest rate, you’ll also receive 5% cash back in revolving categories like travel, gas, groceries and more. There’s also no annual fee, rewards redemption fee or additional card fees.
The Discover More Card is one of the best credit card options on the market if you’re looking for low interest rates with extra benefits like cash back rewards, no annual fee, and $0 fraud liability.
Pros:
- 0% intro APR on purchases and balance transfers for 15 months
- No annual fee
Cons:
- Need excellent credit
Credit Score Approval Data †
711
Average Credit Score Approved for this Card
606
Lowest Credit Score Approved for this Card
Additional low interest rate credit cards
Platinum Zero® Secured Visa® Credit Card from Applied Bank®
Simmons First Visa Platinum
- 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
IBERIABANK Visa® Classic Card
- No annual membership fee
- Low variable rate of 7.25%, 10.25%, or 13.25% based on your credit worthiness. This APR will vary with the market based on the Prime Rate. (If there is an interest charge, the charge will be no less than $1.00)
- Low Introductory APR on balance transfers of 1.99% for your first 6 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.
- Online access to credit card account information
* 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 "Take Offer" button, you can review the credit card terms and conditions on the provider's website.
† Credit Karma members have received approvals with these Credit Karma 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.
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