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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 3,100 reviews

    Capital One® VentureOne® Rewards Credit Card


    capital one ventureone
    • Purchase Intro APR 0% for 12 months
    • Transfer Intro APR Not Offered
    • Regular APR 12.24% - 22.24% (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 for 12 months; 12.24%-22.24% variable APR after that
    • No foreign transaction fees
    • 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 More Details & Reviews About The Capital One® VentureOne® Rewards Credit Card
    4 239 reviews

    Barclaycard Ring MasterCard®


    barclaycard ring
    • Purchase Intro APR Not Offered
    • Transfer Intro APR Not Offered
    • Regular APR 8.25% (V)
    • Annual Fee None
    • Rewards Rate None
    • Minimum Credit Excellent
    • Rewards Details
    • Additional Info
    • No Balance Transfer Fees - start saving immediately!
    • A low variable APR on balance transfers and purchases
    • No Annual Fee
    • Choose your card benefits and features
    • Get rewarded through the new Giveback™ program, where Barclaycard Ring members get money back for good performance
    • Get exclusive access to our online community and vote on the card features you like and view the financials of the Barclaycard Ring MasterCard online
    • Learn more about personal finance from Barclaycard and other members
    • Complimentary FICO® Credit Scores as a benefit to active cardmembers. Opt-in to have instant and convenient access to FICO® Scores from your Barclaycard online account.
    • See More Details & Reviews About The Barclaycard Ring MasterCard®
    3 743 reviews

    Primor® Secured Visa Gold Credit Card


    primor secured visa gold card
    • Secured Credit Card Min Deposit of $200
    • One-Time Fees None
    • Regular Rate 9.99%
    • Annual Fee $49
    • Monthly Fee None
    • Minimum Credit Bad
    3.5 177 reviews

    Simmons Bank Visa® Platinum


    simmons first visa platinum
    • Purchase Intro APR Not Offered
    • Transfer Intro APR Not Offered
    • Regular APR 7.50% (V)
    • Annual Fee None
    • Rewards Rate None
    • Minimum Credit Excellent
    • Rewards Details
    • Additional Info
    • Excellent Credit Required - Applicants that do not have excellent credit will not be approved
    • Low 7.50% variable standard purchase APR and platinum benefits
    • No balance transfer fee for balances transferred in response to this online offer
    • No Annual Fee
    • See More Details & Reviews About The Simmons Bank Visa® Platinum
    4 59 reviews

    USAA Preferred Cash Rewards Visa Signature®


    usaa preferred cash rewards visa
    • Purchase Intro APR Not Offered
    • Transfer Intro APR Not Offered
    • Regular APR 12.15% - 26.15% (V)
    • Annual Fee None
    • Rewards Rate 1.5% Cash Back
    • Rewards Bonus None
    • Minimum Credit Good
    • Rewards Details
    • Earn 1.5% cash back on your everyday purchases
    • Redeem your cash rewards anytime using your mobile device or computer
    • There's no limit on the amount you can earn
    • Additional Info
    • Special Benefits for Military: Deployment/PCS rate: Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months, the regular APR, currently between 12.15% and 26.15% , will apply. This rate will vary with the market based on the prime rate.
    • Security Benefits: Chip technology has added security and greater acceptance worldwide. Identity theft resolutions services provides assistance should you become the victim of identity theft.
    • See More Details & Reviews About The USAA Preferred Cash Rewards Visa Signature®
    3 630 reviews

    First Progress Platinum Prestige MasterCard® Secured Credit Card


    first progress platinum prestige mastercard secured credit card
    • Secured Credit Card Min Deposit of $200
    • One-Time Fees None
    • Regular Rate 11.99% (V)
    • Annual Fee $44
    • Monthly Fee None
    • Minimum Credit Bad
    • Rewards Details
    • Additional Info
    • No credit history or minimum credit score required for approval.
    • Monthly reporting to all 3 major credit bureaus to help build credit.
    • Deposit held at FDIC-insured bank.
    • Set your own credit limit, which is secured by your deposit of $200 - $2,000.
    • The First Progress Platinum MasterCard Secured Card requires no credit history or minimum credit score for approval, but the refundable security deposit must be provided before a card can be issued. The new CARD Act regulations also require all credit card issuers to verify the identity of every applicant before approval. We can usually complete this identity verification using fast, automated methods, but it is sometimes necessary for us to contact an applicant in order to verify his or her identity. Applicants will receive their cards more quickly if they respond promptly to our call or letter relating to this verification process. Virtually every applicant who successfully provides the refundable security deposit and passes the identity verification step will be approved for the card. If you have applied for the card and have a question or want to check the status of your application, please call First Progress toll-free at (888) 403-4783.
    • Receive your card more quickly with new Expedited Processing option.
    • See More Details & Reviews About The First Progress Platinum Prestige MasterCard® Secured Credit Card
    4 264 reviews

    The JetBlue Card


    jetblue credit card
    • Purchase Intro APR Not Offered
    • Transfer Intro APR 0% for 12 months 3% Transfer Fee
    • Regular APR 12.24% - 25.24% (V)
    • Annual Fee None
    • Rewards Rate 1 - 3 points / $1
    • Rewards Bonus 10,000 points
    • Minimum Credit Good
    • Rewards Details
    • LIMITED-TIME OFFER: Earn 10,000 bonus points after you spend $1,000 on purchases in the first 90 days.
    • Earn 3 points per $1 on JetBlue purchases, 2 points per $1 at restaurants and grocery stores and 1 point per $1 on all other purchases.
    • No blackout dates on JetBlue-operated flights & redeem for any seat, any time on JetBlue flights. - Points required for an Award Flight will vary based on the published base fare at the time of booking.
    • Points awarded in your TrueBlue account don't expire. Earn and share points together with Family Pooling.
    • 50% savings on eligible inflight purchases including cocktails, food and movies
    • Additional Info
    • No foreign transaction fees
    • Chip-card technology & $0 Fraud Liability protection
    • 0% introductory APR for first 12 billing cycles on balance transfers made within 45 days of account opening. After that a variable APR will apply, 12.24%, 20.24% or 25.24%, based on your creditworthiness.
    • See More Details & Reviews About The The JetBlue Card
    3.5 337 reviews

    USAA Secured Cards® American Express® Card


    usaa secured credit card
    • Secured Credit Card Min Deposit of $250
    • One-Time Fees None
    • Regular Rate 10.15% - 20.15% (V)
    • Annual Fee $35
    • Monthly Fee None
    • Minimum Credit Bad
    • Rewards Details
    • Additional Info
    • Best for members rebuilding or establishing credit. It's a real credit card — not a debit or prepaid card
    • Determine your own credit limit ($250 to $5,000) with an interest-earning CD.
    • Retail and Travel Benefits: Collision damage waiver coverage pays for physical damage and theft to most rental vehicles.Identity theft resolutions services provides assistance should you become the victim of identity theft.Extended warranty extends your manufacturers or U.S. store brand warranties for up to one year.Travel accident insurance provides coverage for you and your family members when your card is used to purchase common carrier travel tickets.
    • Security: Chip card technology has added security when used at a chip-enabled terminal and greater acceptance worldwide.You are not liable for unauthorized purchases. Get account balances and transaction history by sending a text message.Access your account on usaa.com or from a mobile device.
    • Special Benefits for Military: Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months, the regular APR of between 10.15% and 20.15% will apply. This rate will vary with the market based on the prime rate. Special 4% SCRA rate: When you have a balance on your account at the time you enter active military duty, get 4% APR on that existing balance until one year after you complete active duty.
    • See More Details & Reviews About The USAA Secured Cards® American Express® Card
    4 227 reviews

    USAA Rewards™ Visa®


    usaa point rewards visa
    • Purchase Intro APR Not Offered
    • Transfer Intro APR Not Offered
    • Regular APR 10.15% - 26.15% (V)
    • Annual Fee None
    • Rewards Rate 1 point / $1
    • Rewards Bonus 2,500 points
    • Minimum Credit Good
    • Rewards Details
    • Earn one point for every dollar spent on your everyday purchases.
    • Get 2,500 bonus points with your first purchase.
    • No expiration date or caps on any points earned.
    • Redeem your points for cash, merchandise, gift cards or travel or donate to your favorite military affiliate group. Redeem for cash on your mobile device.
    • Additional Info
    • Special Benefits for Military: Deployment/PCS rate: Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months, the regular APR of between 10.15% and 26.15% will apply. This rate will vary with the market based on the prime rate. Special 4% SCRA rate: When you have a balance on your account at the time you enter active military duty, get 4% APR on that existing balance until one year after you complete active duty.
    • Security Benefits: Chip card technology has added security when used at a chip-enabled terminal and greater acceptance worldwide. Zero liability coverage for unauthorized transactions if your card is lost or stolen. Visa Auto Rental Collision Damage waiver insurance. Get account balances and transaction history by sending a text message.Access your account on usaa.com or from a mobile device.
    • See More Details & Reviews About The USAA Rewards™ Visa®
    3 95 reviews

    USAA Military Affiliated Credit Cards


    usaa military credit card
    • Purchase Intro APR Not Offered
    • Transfer Intro APR 0% for 12 months 3% (max $200) Transfer Fee
    • Regular APR 11.15% - 26.15% (V)
    • Annual Fee None
    • Rewards Rate 1 point / $1
    • Rewards Bonus 2,500 points
    • Minimum Credit Good
    • Rewards Details
    • Earn 2X points for every dollar on gas and grocery purchases all the time.
    • Earn one point for every dollar spent on your everyday purchases.
    • Get 2,500 bonus points with your first purchase.
    • Earn points without a cap or expiration. Redeem your points for cash, merchandise, gift cards, travel or donate to your favorite military affiliate group. Redeem for cash on your mobile device
    • Additional Info
    • Cash Advance Fee is waived when you transfer funds electronically from your USAA credit card to your USAA Bank deposit account
    • See More Details & Reviews About The USAA Military Affiliated Credit Cards
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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.

     
    May 20, 2016
    By:
    If you choose the VentureOne card is there a charge for transferring a balance from another credit card and will it count toward points to get airline tickets?
    Dec 27, 2015
    By:
    Over the years I have used a low rate card (or zero percent special offers) for paying off higher interest debt. The best use of this was using a 12 month zero rate to pay off an 8% parent student loan. Even if I had not paid off the loan before the zero percent rate expired, the rate would have been 6%, a full 2% savings over the student loan. I learned through many years of experience that the best situation for getting out of debt is to stop buying with debt and paying cash only. Use the snowball method for paying off any existing debt using the lowest rate possible, but remember, its not really an interest rate problem, its a debt problem. Cash is best.
    Dec 27, 2015
    By:
    I have the Chase Freedom card. I got this because of their low APR. The lower the APR, the faster you can pay off debt. Their customer service is good as well. If you call, a lot of times they will either lower you APR or give you free points. Chase freedom has a nice 5% cash back rewards program!
    Dec 27, 2015
    By:
    The low interest rate cards are mostly useful for those who are tied till neck in debt. Interest burden on a card can raise this by leaps and bounds and can asphyxiate your financial freedom in less time than you thought it ever could. If you have a low interest card or two you could transfer balances and have 15-18 months 0% APR deals. Most of these cards chip in with 2-3% transfer fees but it is not difficult to find cards that offer 0% transfer deals but beware those are reward less cards. Example is Chase products . This is a potent way to get your debt crawling.
    Dec 27, 2015
    By:
    Low APR credit cards are extremely useful for a consumer when you are trying to pay down debt and don't want to tack on too much additional interest in the process of doing so. I put large purchases on my low APR cards so that I have time to pay them off, but without adding on too much money to pay with that. I have found that the customer service teams that work with these credit companies are almost always very helpful and easy to work with as well!
    Dec 27, 2015
    By:
    I chose my current credit card, the Capital One Quicksilver, because even after the initial period, the APR only jumps to a resonable range. I sometimes do't pay off the entire balance and the APR really makes a difference if this happens regularly. The other features of the cards are similar to other cards. Fees and customer service is comparable to cards from major banks. I would really like it if the APR would be lowered as a reward for not carrying a balance over a long period of time.
    Dec 18, 2015
    By:
    I have a Capital One Quicksilver credit card. It provides me good offers. There is a cash bonus for the card. It is very handy and can earn instant cash backs. I'm also saved from annual fees. Every time I purchase I make some cash and that's something I'm looking forward to. It is making my purchases fun and easy.
    Dec 18, 2015
    By:
    I have been actively working on paying down debts and have transferred balances to a few different low interest cards. Most recently, I transferred a $3,000 balance to my Capital One Prestige Credit Card and received a 0% interest deal until June 2016. There was only a 3% transfer fee on top of that which I though was very competitive. I also thought the APR rate after June 2016 is pretty competitive at 12%.
    Dec 18, 2015
    By:
    Diamond Preferred® Card.....low interest credit card.......its means saving money...low introductory annual percentage rate.. this cards have no annual fee... introductory rates apply to both purchases and balance transfers, so they are ideal for me with high balances and low interest rate...The cards that would have the best offers are very fine to me...I like because of its low interest benefits.....best for our money so we can save something...just go for it....it's really glitter like diamond in my life.
    Dec 18, 2015
    By:
    I am using the Capital One Quicksilver, and it works just fine. When I first started out with credit cards, I had a high APR one with "cash rewards", but they were junk and honestly I didn't bother using them until it was time to get rid of it. Now I have one credit card specifically for travel, and this one from Capital One for misc and emergency use. I find reward systems (aside from travel ones) pretty gimmicky and useless, so this works well for me.
    Nov 12, 2015
    By:
    I love my Capital One Ventures card. I used it to rent a car in California, got hit and run in a parking lot. When I returned the car that day, I just reported it to Capital One and they took care of everything. No problems whatsoever.
    Nov 12, 2015
    By:
    I chose a card with a low interest rate because I'm very hesitant to have a credit card in my name. I however know that it is crucial to have one so that I can build my credit. I already had a saving account with Capital 360 so I went with Capital One card. It had a low enough APR and terms that worked for me. I use it for small monthly purchases like gas and phone bills.
    Nov 10, 2015
    By:
    Credit cards with low rates are very good for me. I frequently make big purchases without quite thinking. So I eventually then need to make balance transfers. When I make transfers I really look for low rates. The card that I then end up using is the chase slate. That card is an absolute life saver for me. The rate that I usually end up getting then is around 10% which is very low compared to other cards in the market. I really recommend getting cards with low rates to help you out in hard times. The cards that would have the best offers for balance transfers would be Capitals'.
    Nov 5, 2015
    By:
    The deciding factor for me when choosing my credit card was definitely the lack of an annual rate. I like how the company even gives incentives for spending money as opposed to charging me money each year for using their card. I got my card when I was a student, so saving as much money as possible was a high priority of mine. I currently still use my Discover credit card, and it has been very useful so far. Getting cash back on different items while not having to worry about the annual fee is great. The minimum payment for each month is also not that high, even though I always try to pay off the card every 15 days whenever I get my paycheck. This is definitely a great starter credit card for college students looking to build credit while also avoiding additional charges!
    Oct 15, 2015
    By:
    After rebuilding my credit, the last thing I wanted was a card that has a whole bunch of high fees. So that was my primary factor in deciding what kind of card to get. There were a lot of different cards to pick from. I ended up going with the Capital One Venture Rewards. I already had a starter card with Capital One so I knew I could count on the customer service being the best. There was no annual fee for it. The APR was relatively low to most cards and I also liked that I could get rewards in miles for personal/business trips I take.
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