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Low Interest Credit Cards

Considering the average credit card has an interest rate around 18%, low interest credit cards are classified as those with regular APRs below 13%. Such cards are best for consumers who infrequently carry a revolving credit card balance. If you already have credit card debt or you regularly carry a balance, we recommend checking out balance transfer credit cards and credit cards offering 0% on purchases, respectively.

While you might assume that everyone wants a low interest rate, regardless of their spending and payment habits, that isn’t always the case. Getting a low regular rate often means sacrificing in terms…show more

    3.5 2,321 reviews

    Capital One® VentureOne® Rewards Credit Card


    capital one ventureone
    • 0% Purchases until June 2016
    • 0% Transfers Not Offered
    • Regular Rate 11.9% - 21.9% (V)
    • Annual Fee None
    • Rewards Rate 1.25 miles / $1
    • Rewards Bonus 20,000 miles
    • Minimum Credit Good
    • Rewards Details
    • 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 per dollar on every purchase, every day and pay no annual fee
    • Fly any airline, stay at any hotel, anytime
    • Travel when you want with no blackout dates
    • Miles don’t expire and there’s no limit to how many you can earn
    • Additional Info
    • Enjoy a low intro APR on purchases until June 2016; 11.9%-21.9% variable APR after that
    • No foreign transaction fees
    • 100% free Capital One® Credit Tracker - see your monthly credit score anytime and get automatic alerts
    • Fraud Coverage - $0 Fraud Liability if your card is ever lost or stolen
    • Warranty Manager/Extended Protection - provides you with valuable features to help manage, use, and even extend warranties of items purchased with your card.
    • Auto rental insurance - use your card to rent an eligible vehicle and you’re covered for collision, damage, and loss
    • See All Reviews & Details About The Capital One® VentureOne® Rewards Credit Card
    4 1,007 reviews

    Citi Simplicity® Card


    citi simplicity credit card
    • 0% Purchases 21 months
    • 0% Transfers 21 months3% (min $5) Transfer Fee
    • Regular Rate 12.99% - 22.99% (V)
    • Annual Fee $0*
    • Rewards Rate None
    • Minimum Credit Excellent
    • Rewards Details
    • Additional Info
    • 0% Intro APR on Balance Transfers and Purchases for 21 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.
    • No penalty rate - EVER.
    • No annual fee - EVER.
    • Save time when you call with fast, personal help, 24 hours a day.
    • See All Reviews & Details About The Citi Simplicity® Card
    3.5 448 reviews

    Citi® Double Cash Card


    citi double cash card
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% (min $5) Transfer Fee
    • Regular Rate 12.99% - 22.99% (V)
    • Annual Fee $0*
    • Rewards Rate 1 - 2% Cash Back
    • Rewards Bonus None
    • Minimum Credit Excellent
    • Rewards Details
    • The only card that earns you cash back TWICE on every purchase with:
    • 1% cash back when you buy
    • Plus 1% cash back as you pay for those purchases, whether you pay in full or over time*
    • No Category Restrictions, No Caps, No Enrollments in Rotating Categories
    • Additional Info
    • 0% Intro APR on Balance Transfers and Purchases for 15 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 Annual Fee
    • See All Reviews & Details About The Citi® Double Cash Card
    3.5 2,519 reviews

    Capital One® Quicksilver® Cash Rewards Credit Card


    capital one quicksilver
    • 0% Purchases until March 2016
    • 0% Transfers until March 20163% Transfer Fee
    • Regular Rate 12.9% - 22.9% (V)
    • Annual Fee None
    • Rewards Rate 1.5% Cash Back
    • Rewards Bonus $100
    • Minimum Credit Good
    • Rewards Details
    • One-time $100 cash 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 or sign ups needed to earn cash rewards; plus, cash back doesn’t expire and there’s no limit to how much you can earn
    • Get a 20% Statement Credit on all Uber rides purchased with this card through April 2016
    • Additional Info
    • 0% intro APR on purchases until March 2016; 12.9%-22.9% 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
    • Capital One® Credit Tracker - the free way to easily monitor your monthly credit score anytime, anywhere
    • See All Reviews & Details About The Capital One® Quicksilver® Cash Rewards Credit Card
    3.5 1,436 reviews

    Chase Slate®


    chase slate
    • 0% Purchases 15 months
    • 0% Transfers 15 monthsNo Transfer Fee
    • Regular Rate 12.99% - 22.99% (V)
    • Annual Fee None
    • Rewards Rate None
    • Minimum Credit Good
    • Rewards Details
    • Additional Info
    • Chase Slate named "Best Credit Card for Balance Transfers" two years in a row by Money Magazine
    • $0 Introductory balance transfer fee for transfers made during the first 60 days
    • 0% Introductory APR for 15 months on purchases and balance transfers
    • NEW Free Monthly FICO® Score and Credit Dashboard
    • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
    • $0 Annual Fee
    • See All Reviews & Details About The Chase Slate®
    3.5 1,063 reviews

    Blue Cash Everyday® Card from American Express


    american express blue
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% Transfer Fee
    • Regular Rate 12.99%-21.99%
    • Annual Fee None
    • Rewards Rate 1 - 3% Cash Back
    • Rewards Bonus $100
    • Minimum Credit Excellent
    • Rewards Details
    • Get $100 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $100 back in the form of a statement credit.
    • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
    • Earn Cash Back: 3% U.S. supermarkets up to $6,000 per year in purchases, 2% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply.
    • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
    • Terms and restrictions apply.
    • Additional Info
    • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
    • See All Reviews & Details About The Blue Cash Everyday® Card from American Express
    4 1,343 reviews

    Capital One® Venture® Rewards Credit Card


    capital one venture
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 12.9% - 22.9% (V)
    • Annual Fee $0 for 1st yr, $59 after
    • Rewards Rate 2 - 2 miles / $1
    • Rewards Bonus 40,000 miles
    • Minimum Credit Good
    • Rewards Details
    • 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 per dollar on every purchase, every day
    • Fly any airline, stay at any hotel, anytime
    • Travel when you want with no blackout dates
    • Miles don't expire and there’s no limit to how many you can earn
    • Additional Info
    • No foreign transaction fees
    • No annual fee for the first year; $59 after that
    • 100% free Capital One® Credit Tracker - see your monthly credit score anytime and get automatic alerts
    • Exclusive award-winning customer service
    • Fraud Coverage - You're covered by $0 Fraud Liability if your card is ever lost or stolen
    • Travel upgrades and savings - Receive complimentary upgrades and special savings at hotels, resorts, and spas with your Visa Signature card.
    • Special access to events - Your Visa Signature card gets you special access and preferred seating at popular sporting events, premier golf outings, and concerts.
    • Shopping discounts - Take advantage of special discounts at top retailers and online merchants with your Visa Signature card.
    • Travel & Emergency Assistance - Available 24/7 to help connect you with local emergency and assistance resources when you're away from home
    • Emergency Card Services - If your credit card is lost or stolen, you can get an emergency card replacement and a cash advance.
    • Warranty Manager/Extended Protection - provides you with valuable features to help manage, use, and even extend warranties of items purchased with your card.
    • Auto Rental Insurance - use your card to rent an eligible vehicle and you’re covered for collision, damage, and loss
    • See All Reviews & Details About The Capital One® Venture® Rewards Credit Card
    4 938 reviews

    Blue Cash Preferred® from American Express


    american express blue cash preferred
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% Transfer Fee
    • Regular Rate 12.99%-21.99% (V)
    • Annual Fee $75
    • Rewards Rate 1 - 6% Cash Back
    • Rewards Bonus $150
    • Minimum Credit Excellent
    • Rewards Details
    • Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
    • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
    • Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases. Terms and limitations apply.
    • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit
    • Terms and limitations apply.
    • Additional Info
    • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.
    • See All Reviews & Details About The Blue Cash Preferred® from American Express
    4 285 reviews

    U.S. Bank Visa® Platinum Card


    us bank platinum credit card
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% Transfer Fee
    • Regular Rate 9.99% - 20.99% (V)
    • Annual Fee $0*
    • Rewards Rate None
    • Minimum Credit Excellent
    • Rewards Details
    • Additional Info
    • 0% Intro APR* on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 9.99%-20.99%
    • Online bill pay for a fast and convenient way to pay bills online with your U.S. Bank Visa® Platinum
    • Zero fraud liability*for unauthorized transactions if your card is ever lost or stolen
    • Fraud Protection detects and notifies you of any unusual card activity to help keep your account safe
    • Chip technology for enhanced card security
    • Online banking and mobile apps* for your smartphone or tablet provide complete, 24/7 access to your account
    • *No annual fee
    • The card is only available to residents in: AZ,AR,CA,CO,ID,IL,IN,IA,KS,KY,MN,MO,MT,NE,NV,ND,OH,OR,SD,TN,UT,WA,WI,WY,NM
    • See All Reviews & Details About The U.S. Bank Visa® Platinum Card
    3.5 121 reviews

    Amex EveryDay® Credit Card from American Express


    amex everyday credit card
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% Transfer Fee
    • Regular Rate 12.99% - 21.99% (V)
    • Annual Fee None
    • Rewards Rate 1 - 2 points / $1
    • Rewards Bonus 10,000 points
    • Minimum Credit Excellent
    • Rewards Details
    • Earn 10,000 Membership Reward® points after you use your new Card to make $1,000 in purchases within the first 3 months
    • Earn 20% more points: Make 20 or more purchases with your Card in a billing period and get 20% extra points on those purchases less returns and credits. Terms and limitations apply
    • 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x); 1x points on other purchases. Terms and limitations apply
    • You can use Membership Rewards® Pay with Points to pay for all or part of your flight, hotel booked and paid in advance, vacation or cruise booking
    • Terms and limitations apply
    • Additional Info
    • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors
    • See All Reviews & Details About The Amex EveryDay® Credit Card from American Express
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    Expert’s Answers

    How important is getting a low interest rate?

    By: John Kiernan, Personal Finance EditorThe importance of a low interest rate really depends on your payment habits. For example, if you always pay your bill in full, your credit card interest rate doesn’t matter at all, and by making a low interest credit card a priority, you are sacrificing the competitiveness of features that you could actually use, such as rewards. Still, some people who always pay their balances in full wind up in the “low interest credit card” category because they’re worried about the cost of finance charges, should they forget to pay their bills one month. The truth, however, is if that happens and you have a record of paying your balance in full, credit card companies will almost always refund any finance charges, making this a moot point.

    When it comes to people who consistently revolve credit card debt, low interest rate credit cards would help, but leveraging 0% credit cards would be even better since your full monthly payment will go toward the principal instead of being wasted on finance charges. Now, a low interest card is very important if you occasionally revolve a balance because your credit card company won’t give you the benefit of the doubt and a 0% credit card will not provide the long-term solution that you need.

    Which credit card company is best for low interest credit cards?

    By: John Kiernan, Personal Finance EditorThe primary differences between credit card companies revolve around customer service and card terms. Customer service is important and many consumers have favorite issuers based on reputation for good customer service or past experiences. However, customer service should only be used as a tiebreaker of sorts between cards with the same terms and should not be used as the primary deciding factor in your search for low interest credit card offers. You want the card with the lowest possible rate, after all, not one that forces you to pay more for more helpful representatives.

    Are there any low fixed interest credit cards?

    By: John Kiernan, Personal Finance EditorNo, low fixed interest credit cards aren’t available anymore. When the new credit card law (CARD Act) took effect in February 2010, credit card companies lost the ability to change interest rates whenever they want. With the exception of small business credit cards, which were excluded from the law, credit card companies can now only increase interest rates on existing balances when consumers become 60+ days delinquent. This necessitates that all credit cards have variable regular rates. In other words, since issuers can no longer adjust interest rates to reflect changes in the economic environment and the Prime Rate, they can no longer afford to offer low fixed interest credit cards. Of course, introductory interest rates are an obvious exception to this rule, since they have a set expiration date.

    How high/low can credit card interest rates get?

    By: John Kiernan, Personal Finance EditorObviously, interest rates can be as low as 0%. On the other hand, the fact that there is no national usury law and most credit card companies operate under charters that allow them to be federally regulated, rather than on the state level, means interest rates can go as high as consumers are willing to pay. The highest rate we’ve seen is 49.9% by First Premier Bank. Keep in mind that if you become at least 60 days delinquent, a penalty rate will take effect. Given that the average penalty interest rate is 28.5%, according to Card Hub’s data, this would certainly dampen the benefit of even the best low interest credit cards. It’s also important to note that there are usury laws at the state level, so if you are getting a credit card from a local bank, there might be an interest rate ceiling.

    Community Discussion

    Ask a question or help others find the best low interest credit cards by sharing some tips.

     
    Jun 9, 2015
    By:
    The deciding factor for me choosing my credit card was the fact that it was the lowest interest rate I could find. Even though other cards offered different kinds of rewards, it all boiled down to the interest rate for me. Cash back is nice, but if it isn't on everything, or merely 1%, I feel that it would just be better to go with another option since I could get more value for my dollar that way. The functionality was nice, and ease of payments are plus. Overall I do not like credit debt, but in order to make it the most manageable, keeping the interest rate is key.
    May 26, 2015
    By:
    The deciding factor for my Quick Silver Capital One card is the 0% on balance transfers for one year and 0% on purchases till February 2016. 0% is great if you are not able to pay your balance in full. What makes the card even better is the reward program. On top of not paying any interest for the set period of time you also make money on your purchases. If you need to transfer from a high interest card this is the card to transfer to so you can get your 0% interest time and pay it off much cheaper.
    May 29, 2015
    Photo of Joe W.
    Interesting. The card's regular APR was not a major factor? I wonder, then, why you did not pick the Slate Card from Chase
    May 23, 2015
    By:
    The deciding factor when choosing a credit card for me are the rewards. I have been using the Discover IT card for over a year now and they have a really good rewards program. You can sign up for different Discover deals like cash back when you make purchases to certain stores like Kohl’s or Amazon. The best part is there is no minimum to redeem your rewards. You can choose to redeem even if you only have $1 in cashback. The low fees are also a plus. There are no APR fees and you can choose to apply for the no APR for 14 months offer.
    May 29, 2015
    Photo of Card H.
    If rewards are what you're after, check out the Barclaycard Arrival Plus and the Citi Double Cash - both excellent options.
    May 22, 2015
    By:
    I love my Captial One QuickSilver card. It has a very low starting interest rate and stays low while you use it.

    It has a wonderful cash back program with many great rewards and very few restrictions. The more you pay with your min payment the more the credit card rewards you.
    May 29, 2015
    Photo of Card H.
    We're curious - do you carry a balance from month to month?
    May 19, 2015
    By:
    A low interest rate is the most important feature when considering a credit card. Mainly because it affects how much interest I pay in the end.

    My first credit card had a low interest rate and it helped me a lot especially during the tough times, it made it easier to pay off the balance in the end. Another important feature that a credit card should have is no annual fee. It's just a waste of money to have to pay a annual fee for a credit card.
    May 29, 2015
    Photo of Card H.
    Have you ever tried the zero balance approach - whereby you pay off all charges by the end of the billing period? This would allow you to reap significant profits from rewards.
    May 12, 2015
    By:
    Low interest is almost THE defining characteristic for my selection of a credit card. In addition, having a low-to-zero yearly fee is also important. For example, my PNC CashBuilder credit card has a current interest rate of 12.99-21.99%, based upon creditworthiness. This is a decent rate for a card and it makes paying off purchases much easier. Cards with a constant 24+% interest rate can lead to some fairly high interest charges over the life of the payback.
    May 29, 2015
    Photo of Card H.
    When comparing cards, do you draw a comparison between cards with low introductory interest rates and those with low regular rates?
    Apr 28, 2015
    By:
    Having a credit card with low interest is really important to me because I am not always able to pay off my balance every month. The first credit card I got approved for had a really high interest rate and I barely made a dent in it each month, even with paying more than the minimum payment.

    Now I have a credit card with lower interest and the months that I am need to put a higher balance on it, I don't need to worry that I will pay 10 times what I charged on the card. Also, I will be able to pay the balance down quicker so I can still use the card when I need to charge something.
    May 29, 2015
    Photo of Card H.
    If you're interested in getting out of debt quickly, check out the Slate Card from Chase.
    Apr 20, 2015
    By:
    Since the interest rate determines how much more I pay for something over the original cost if I can't pay the card off in the grace period, having the lowest interest rate is more important over any other rewards or incentives offered. I would rather see a low permanent interest rate over a one year zero interest that balloons up to almost 20% interest.
    May 29, 2015
    Photo of Card H.
    That's a very reasonable take on things. Just keep in mind that you only have a grace period when you pay your bill in full each month.
    Mar 31, 2015
    By:
    A low interest rate on a credit card is important to me since I basically live pay check to pay check. Any unforeseen event may force me to not pay my credit card bill in total, that way i could use the funds else where. I hope they'll be a time in my life that this wouldn't be a factor, but for now I have to reply on the low rates.
    May 29, 2015
    Photo of Card H.
    That's a good goal. Just budget and stay disciplined!
    Mar 24, 2015
    By:
    For me personally low interest is very important because it gives me a "grace" period. There are times when I am unable to pay right on time because of the eb and flow of my work and that saves me. 

    Another thing that is important to me is a reward program. I like cards that have something to offer back with usage whether it is gas point, grocery or money back at the end of each month. I rely on credit cards and prefer them over cash.
    May 29, 2015
    Photo of Card H.
    Simply having a low interest rate does not give you a grace period, per se. Sure, you're ensuring that revolving a balance for a bit doesn't cost you too much, but you only have a true grace period when you pay your bill in full every month.
    Mar 10, 2015
    By:
    Getting a low interest credit card is definitely of importance, especially if you think you’ll be using it a lot and not being able to pay the full amount monthly.

    Some credit card interest rates can be upwards of 25% which means you are paying a ton in additional fees. If you’re looking to save money in the long run, low interest is the way to go.
    May 29, 2015
    Photo of Card H.
    You're right - paying high credit card interest rates is a major life leak. We recommend transferring existing balances to the Slate Card from Chase and then only charging what you can afford to repay within the billing period.
    Feb 24, 2015
    By:
    A low interest rate on a credit card is an important feature on a credit card. I typically pay off my credit cards every month. But, if for some reason, I would not be able to pay it off, I would have some solace knowing that the interest that would be on my credit card would be low and I would be able to pay it off next month. People often get into trouble using credit cards and pay the minimum every month. This is how they get into trouble. The interest on the card will compound and it is likely the individual will take years to pay off the credit card. A low interest rate is important to me.
    May 29, 2015
    Photo of Card H.
    Sounds like you're taking care of business! Keep showing those bills who's boss!
    Jan 8, 2015
    By:
    I disagree, low interest isn't nearly as important as other things for credit cards. This is because I almost always pay off my balance before any interest is charged to me. Thus three things are way more important to me. First is credit limit. The more I have the more I can use it on big ticket items where I would really like to use a card rather than cash. Second is rewards. Since I pay off my card always, I want good rewards that make the card pay me essentially. Finally is yearly fees. I want cards with low fees because that is just wasted money.
    Dec 18, 2014
    By:
    Low interest is the most important factor to me besides having no annual fees for owning the card. If I could afford to pay the card in full each month, I wouldn't need to apply for a credit card. My first card had high interest and it took me forever to pay off. I've since gotten a card with a lower interest rate (12.99% vs. 23.99% that my first card had!)
    May 29, 2015
    Photo of Card H.
    Just remember that you don't have to spend more than you can afford to pay back in full. The best situation is one where you don't need a low interest rate.
    Dec 18, 2014
    By:
    I agree with you. Low interest is not something that I look for when applying for a credit card. The only people that should worry about that are the ones that don't make their payments on time or they aren't ready for a credit card because they don't know how to use one. I only look for how much credit I can have on a credit card. I pay my bills on time and have never paid any interest on a credit card.
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