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, making payments on time is the best way to ensure that you keep your low rate. Below are some of our favorite low interest credit cards.
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- Pay less interest. Save on balances and new purchases
- $0 balance transfer fee - introductory offer!
- 0% Introductory APR for 15 months on purchases and balance transfers
- No Annual Fee
- 0% intro APR on purchases and balance transfers for 15 months
- No annual fee
- Must make balance transfer in the first 60 days to avoid fee
If you’re in the market for a straightforward balance transfer credit card with great savings potential, look no further then the Slate card from Chase.
Cardholders enjoy 0% intro APR on purchases and balance transfers for 15 months, after which the interest rates reset to as low as 12.99%. With no balance transfer fee, consumers can save a significant amount of money when transferring a large balance during the first 60 days of opening an account.
In addition to the great 0% APR introductory offer with no balance transfer fee, the Slate card also has Blueprint, a program designed to help consumers pay down balances faster to avoid paying interest, making this card a great option for consumers looking to save more money on balance transfers as well as everyday credit use.
Credit Score Approval Data †
|730||Average credit score approved for this card †||661||Lowest credit score approved for this card †|
- Fair. No annual fee. No overlimit fee. No foreign transaction fee. Plus, pay up to midnight ET online or by phone on your due date without a fee. No late fee on your first late payment. And paying late won’t raise your APR.*
- Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014 when you sign up.*
- Human. 100% U.S.-based customer service available any time.
- Looking out for you. Because we monitor every Discover card purchase, every day. If something looks suspicious, we alert you by e-mail, phone or text. And you’re never responsible for any unauthorized purchases on your Discover card account. Period.*
- Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
- 0% Intro APR* on purchases and balance transfers for 14 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
- *Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other information.
- No annual fee
- 0% intro APR on purchases and balance transfers for 14 months
- Need excellent credit
The new Discover it® card is a great choice for consumers searching for a quality card that offers both low interest rates and cash back rewards. Cardholders enjoy 0% intro APR for up to 14 months on both purchases and balance transfers. After the intro period, the interest rate ranges from 10.99% to 22.99%. Cardholders also receive 5% cash back in revolving categories like travel, gas, groceries and more.
In addition to the low interest rates and rewards, cardholders can rest assured that they’ll never have to pay for unauthorized purchases thanks to the $0 fraud liability guarantee. Discover also offers 100% U.S.-based service for any time you need to talk to a real customer service representative.
With no annual fee, overlimit fee, or foreign transaction fee, the Discover it® card will change the way you think about credit cards.
Credit Score Approval Data †
|711||Average credit score approved for this card †||676||Lowest credit score approved for this card †|
Additional Low Interest Rate Credit Cards
- Get 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.*
- There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
- Citi® Easy Deals(SM) Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card. Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
- Let our 24/7 concierge service help book your hotel rooms, flights and more.
- Enjoy special access to presale tickets, preferred seating, VIP packages, and unique entertainment experiences through Citi Private Pass®.
- $0 liability on unauthorized purchases and Citi® Identity Theft Solutions
- No annual fee*
- Transfer a balance for 0% intro APR until July 2015
- Get 0% intro APR on all purchases until July 2015
- Enjoy no annual fee
- Get peace of mind with fraud coverage if your card is lost or stolen
- Enjoy extended warranty protection on eligible items purchased with your card
- Fast and easy access, 24/7
- Rent a car using your card and get collision, damage, and loss insurance
- Feel secure with 24-hour roadside assistance