dcsimg

Low interest credit cards from our partners

Are low interest credit cards right for you? If you're shopping for a low interest credit card, you should start by identifying how you use your credit now and how you want to use it in the future. If you pay off your balance in full each month, you may not need to search for the best low interest rate credit cards, since you don't pay any interest on your charges. If you do carry a balance, though, you should compare low interest credit card offers to find a card with a low rate.

Compare your card and see how it stacks up
Search

  

Chase Freedom<sup>®</sup>
About Our Ratings

Chase Freedom®

  • Currently offering one of the best sign-up bonuses available on a card with no annual fee
  • Offers a long introductory period in addition to a solid rewards program
Watch out for: Watch out for the cap on bonus cash back and be sure to set reminders to sign up for bonus categories each quarter
APPLY NOW Credit Needed Good
Barclaycard<sup>®</sup> Ring MasterCard<sup>®</sup>
About Our Ratings

Barclaycard® Ring MasterCard®

  • No Balance Transfer Fees - start saving immediately!
  • A low 8% variable APR on balance transfers and purchases
  • No Annual Fees
See More
Purchase APR 8% Variable
Purchase Intro APR: N/A
Balance Transfer Intro APR N/A
Balance Transfer Intro Period N/A
Annual Fee $0
APPLY NOW Credit Needed Excellent
Capital One<sup>®</sup> Venture<sup>®</sup> Rewards Credit Card
About Our Ratings

Capital One® Venture® Rewards Credit Card

  • Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
See More
Purchase APR 13.9% - 20.9% (Variable) 
Purchase Intro APR: N/A
Balance Transfer Intro APR N/A
Balance Transfer Intro Period N/A
Annual Fee $0 intro for first year; $59 after that
APPLY NOW Credit Needed Excellent/Good
Capital One<sup>®</sup> Platinum Prestige Credit Card
About Our Ratings

Capital One® Platinum Prestige Credit Card

  • Get 0% intro APR on all purchases until March 2016; 10.9%-18.9% variable APR after that
  • Balance transfers also have a 0% intro APR until March 2016, a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees
See More
Purchase APR 10.9% - 18.9% (Variable) 
Purchase Intro APR: 0% intro on purchases
Period: until March 2016
Balance Transfer Intro APR 0% intro on balance transfers
Balance Transfer Intro Period until March 2016
Annual Fee $0
APPLY NOW Credit Needed Excellent/Good
Capital One<sup>®</sup> VentureOne<sup>®</sup> Rewards Credit Card
About Our Ratings

Capital One® VentureOne® Rewards Credit Card

  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within the first 3 months, equal to $200 in travel
  • Earn unlimited 1.25 miles on every purchase, every day and pay no annual fee
  • Fly any airline, stay at any hotel, anytime
See More
Purchase APR 11.9% - 19.9% (Variable) 
Purchase Intro APR: 0% intro on purchases
Period: until December 2015
Balance Transfer Intro APR N/A
Balance Transfer Intro Period N/A
Annual Fee $0
APPLY NOW Credit Needed Excellent/Good
BankAmericard Cash Rewards<sup>™</sup> Credit Card
About Our Ratings

BankAmericard Cash Rewards Credit Card

  • Online-exclusive $100 cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • 1% cash back on every purchase, 2% at grocery stores and 3% on gas for the first $1,500 in combined grocery store and gas purchases each quarter
  • No annual fee
See More
Purchase APR 12.99% - 22.99% Variable
Purchase Intro APR: 0% Introductory APR on purchases
Period: 12 billing cycles
Balance Transfer Intro APR 0% Intro APR for qualifying balance transfers
Balance Transfer Intro Period 12 billing cycles
Annual Fee $0
APPLY NOW Credit Needed Excellent
BankAmericard Travel Rewards<sup>®</sup> Credit Card
About Our Ratings

BankAmericard Travel Rewards® Credit Card

  • Earn 1.5 points per $1 on every purchase, every time with no annual fee and no foreign transaction fees
  • Online exclusive 10,000 bonus points if you make at least $500 in purchases in the first 90 days - that can be $100 towards travel purchases
  • Book travel as you normally would and go online or call to redeem your points for a statement credit toward all or part of your travel purchases
See More
Purchase APR 14.99% - 22.99% variable
Purchase Intro APR: 0% Introductory APR on purchases
Period: 12 billing cycles
Balance Transfer Intro APR N/A
Balance Transfer Intro Period N/A
Annual Fee $0
APPLY NOW Credit Needed Excellent
Citi Simplicity<sup>®</sup> Card
About Our Ratings

Citi Simplicity® Card

  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 22.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - EVER
See More
Purchase APR 12.99 - 22.99% Variable
Purchase Intro APR: 0%*
Period: 18 months on Purchases*
Balance Transfer Intro APR 0%*
Balance Transfer Intro Period 18 months on Balance Transfers*
Annual Fee $0*
APPLY NOW Credit Needed Excellent
BankAmericard<sup>®</sup> Visa<sup>®</sup> Card
About Our Ratings

BankAmericard® Visa® Card

  • 0% Introductory APR for 15 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 10.99% - 20.99% variable APR
  • No annual fee
  • The perfect card for those seeking a simple yet convenient-to-use credit card
See More
Purchase APR 10.99% - 20.99% Variable
Purchase Intro APR: 0% Introductory APR on purchases
Period: 15 billing cycles
Balance Transfer Intro APR 0% Intro for 15 billing cycles for balance transfers made in the first 60 days
Balance Transfer Intro Period 15 billing cycles
Annual Fee $0
APPLY NOW Credit Needed Excellent
Capital One<sup>®</sup> Quicksilver<sup>®</sup> Cash Rewards Credit Card
About Our Ratings

Capital One® Quicksilver® Cash Rewards Credit Card

  • One-time $100 bonus after you spend $500 on purchases within the first 3 months
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories and no sign ups needed to earn cash rewards
See More
Purchase APR 12.9% - 22.9% (Variable) 
Purchase Intro APR: 0% intro on purchases
Period: until September 2015
Balance Transfer Intro APR 0% intro on balance transfers
Balance Transfer Intro Period until September 2015
Annual Fee $0
APPLY NOW Credit Needed Excellent/Good
Citi<sup>®</sup> Diamond Preferred<sup>®</sup> Card
About Our Ratings

Citi® Diamond Preferred® Card

  • 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 DealsSM 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.
See More
Purchase APR 11.99% - 21.99%* Variable
Purchase Intro APR: 0%*
Period: 18 months on Purchases*
Balance Transfer Intro APR 0%*
Balance Transfer Intro Period 18 months on Balance Transfers*
Annual Fee $0*
APPLY NOW Credit Needed Excellent
Chase Slate<sup>®</sup>
About Our Ratings

Chase Slate®

  • $0 introductory balance transfer fee for transfers made during the first 60 days. After that, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5.
  • Pay less interest. Save on balances and new purchases.
  • 0% Introductory APR for 15 months on purchases and balance transfers. After the introductory period ends, a variable APR of 12.99%, 17.99%, or 22.99%.
See More
Purchase APR 12.99%, 17.99%, or 22.99% Variable
Purchase Intro APR: 0% Intro APR on purchases
Period: for 15 months on purchases
Balance Transfer Intro APR 0% Intro APR on balance transfers
Balance Transfer Intro Period for 15 months on balance transfers
Annual Fee $0
APPLY NOW Credit Needed Good
Credit Card Database

More about Low interest credit cards

  • Who can benefit most?
  • What to look for?
  • How can I compare?
  • Are there any drawbacks?

You'll find a low interest credit card most advantageous if you carry a balance on your card and if you are paying off credit card debt. Here's why: paying a lower interest rate credit card means you are paying less each month on the balance. If you know you are likely to carry a balance on future purchases, a low rate credit card will reduce the overall cost of everything you buy. If you are working to reduce your credit card debt, switching to a low interest card means that more of each payment goes toward eliminating the balance than to interest payments. Try a calculator to see the impact of a lower interest rate.

There are several important facts to check when you decide you are ready to apply for a low interest credit card. First, check the interest rate, then check to see how long that rate will last. Some companies offer a short-term introductory rate followed by a rate that is higher than your current card. Unless you can pay the balance in full before the introductory rate ends, that offer won't be valuable. Consumers should also compare annual fees to make sure they are in line with other credit card offers.

Some credit card companies offer credit cards with continuously low interest rates, say 10 or 11 percent APR. They also offer credit cards with a low introductory rate, sometimes as low as zero percent, to encourage you to transfer balances or make several purchases immediately. Compare these credit card offers based on your goals.

1.      Compare the promotional interest rate and see how long it lasts.

2.      If the interest rate will go up, check what the rate will be after the introductory period.

3.      Compare any balance transfer fees if you are considering transferring your debt from one card to another. Balance transfer fees are often as much as 3 percent to 5 percent of the total amount you owe, so make sure the fee you pay does not exceed the amount of money you will save in interest.

4.      Compare the annual fee.

You may want to use a credit card payoff calculator to estimate whether you can pay off your balance before any introductory period ends. Be sure to include the cost of any balance transfer fee in the total amount you will need to pay off.

If you intend to make a major purchase and pay if off over a long period of time, it may make more sense to apply for a credit card with a continuing low interest rate rather than a short-term low APR.

If you have decided a low APR credit card will meet your needs best, check out these low interest credit card offers from our partners to see which one might be the best choice for you.

A low interest credit card usually requires good credit, so consumers with fair to poor credit may not qualify for a lower interest rate. If you aren't sure where your credit stands, check your credit score before applying for a new credit card.

A low interest credit card is less valuable to you if you always pay your credit card bill in full, because you don't pay any interest at all if you pay your bill before the due date. If that's the case, you may be better off looking for a credit card that offers rewards points that you can use for things like airline frequent flier miles, hotel rooms, gas rebates or cash back. You can also look for a credit card with no annual fee or a fee that is waived during the first year.

About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

Advertisers in our database are highlighted, and advertisements include an option to apply using links on our site. CardRatings.com may be compensated by companies mentioned on the site when a user's application is accepted or approved by such companies.