Top 10 Low APR Credit Cards
Low APR credit cards are financial tools that feature a lower-than-average annual percentage rate (APR) on purchases, balance transfers, or both. These cards are particularly attractive to consumers looking to minimize interest costs, especially if they tend to carry a balance from month to month.
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A low APR credit card can be especially beneficial for individuals who may not always pay their balance in full each month. The reduced interest rate can lead to significant savings over time, making it easier to manage debt and avoid the financial strain that high-interest credit cards can impose. Some low APR cards come with additional perks such as introductory 0% APR periods, which can be advantageous for large purchases or consolidating existing debt. However, it's important to read the fine print, as these cards often come with specific requirements or limitations, such as maintaining a good credit score or adhering to certain spending behaviors to qualify for the lower rate. Additionally, while low APR cards can help reduce interest costs, responsible credit use and timely payments are still crucial to maintaining financial health.
../assets/images/NO_1.webpCiti Simplicity® CardView AllCiti Simplicity® Card - No late fees, no penalty rate, simple terms.
../assets/images/NO_2.webpU.S. Bank Visa® Platinum CardView AllU.S. Bank Visa® Platinum Card - U.S. Bank Visa® Platinum Card: Low APR, no annual fee.
../assets/images/NO_3.webpBankAmericard® credit cardView AllBankAmericard® credit card - Early credit card, now known as Visa.
../assets/images/NO_4.webpWells Fargo Reflect® CardView AllWells Fargo Reflect® Card - Wells Fargo Reflect® Card: Low intro APR, extended interest-free period.
../assets/images/NO_5.webpDiscover it® Cash BackView AllDiscover it® Cash Back - Discover it® Cash Back offers 5% rotating category rewards.
../assets/images/NO_6.webpDiscover it® Balance TransferView AllDiscover it® Balance Transfer - 0% intro APR on balance transfers for 18 months.
../assets/images/NO_7.webpHSBC Gold Mastercard® credit cardView AllHSBC Gold Mastercard® credit card - No annual fee, global acceptance, rewards program.
../assets/images/NO_8.webpAmerican Express Cash Magnet® CardView AllAmerican Express Cash Magnet® Card - Unlimited 1.5% cash back, no annual fee.
../assets/images/NO_9.webpBlue Cash Everyday® Card from American ExpressView AllBlue Cash Everyday® Card from American Express - Cash back card with no annual fee from American Express.
Top 10 Low APR Credit Cards
1.
Citi Simplicity® Card
The Citi Simplicity® Card is a no-annual-fee credit card designed for simplicity and ease of use. It offers an extended 0% introductory APR on balance transfers and purchases for a specified period, making it ideal for consolidating debt or managing large expenses. The card features no late fees, no penalty rates, and no annual fees, making it a straightforward choice for those seeking to minimize extra costs and manage their finances more effectively.
Pros
0% intro APR- No late fees
- No annual fee
- Long intro APR period
- Flexible payment options.
Cons
High regular APR- No rewards program
- Limited benefits
- Balance transfer fee
- Foreign transaction fee.
2.
U.S. Bank Visa® Platinum Card
The U.S. Bank Visa® Platinum Card is a credit card offering a lengthy 0% introductory APR on purchases and balance transfers, making it ideal for those looking to manage debt or finance large purchases. It features no annual fee, providing an affordable option for consumers. Additionally, the card includes benefits like fraud protection, mobile payment compatibility, and free access to your TransUnion credit score, catering to both convenience and security needs.
Pros
- 0% intro APR on purchases
- 0% intro APR on balance transfers
- No annual fee
- Cell phone protection
- Free credit score access.
Cons
- No rewards program
- Balance transfer fee
- High regular APR
- Foreign transaction fees
- Limited benefits compared to competitors.
3.
BankAmericard® credit card
The BankAmericard® credit card is a straightforward, no-frills card ideal for those seeking to manage debt with ease. It offers an introductory 0% APR on purchases and balance transfers for a specified period, followed by a competitive variable APR. With no annual fee and access to basic cardholder benefits, it is designed for individuals looking to minimize interest payments and maintain financial simplicity. Additionally, it features standard security measures and convenient access to credit management tools.
Pros
- No annual fee
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Fraud protection
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Intro APR offers
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Online and mobile banking
-
Wide acceptance.
Cons
- High regular APR
-
Limited rewards
-
Foreign transaction fees
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Strict approval requirements
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Minimal benefits.
4.
Wells Fargo Reflect® Card
The Wells Fargo Reflect® Card is a versatile credit card offering an introductory 0% APR on purchases and qualifying balance transfers for up to 21 months, making it ideal for managing large expenses or consolidating debt. It features no annual fee and provides tools for budgeting and tracking expenses. Additionally, cardholders can access 24/7 customer service and account management through the Wells Fargo mobile app. Note that standard APR applies after the introductory period.
Pros
- 0% intro APR
- long intro period
- no annual fee
- cell phone protection
- flexible rewards.
Cons
- High regular APR
- foreign transaction fee
- limited rewards categories
- requires good credit
- no sign-up bonus.
5.
Discover it® Cash Back
The Discover it® Cash Back is a popular credit card that offers 5% cash back on rotating quarterly categories such as groceries, gas, and restaurants, up to a quarterly maximum, after enrollment. Cardholders earn 1% cash back on all other purchases. Notably, Discover matches all the cash back earned in the first year for new cardholders. The card features no annual fee, a 0% introductory APR on purchases and balance transfers for 15 months, and free access to FICO® credit scores.
Pros
- No annual fee
-
5% cash back in rotating categories
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Cashback match first year
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No foreign transaction fees
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Free FICO score.
Cons
- Rotating categories need activation
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1% cash back on other purchases
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Limited acceptance abroad
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Cash back capped quarterly
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Requires good credit.
6.
Discover it® Balance Transfer
The Discover it® Balance Transfer card is ideal for those looking to consolidate high-interest debt. It offers an introductory 0% APR on balance transfers for 18 months and on purchases for six months, then a variable APR of 17.24% - 28.24%. Cardholders earn 5% cash back on rotating quarterly categories and 1% on all other purchases. Additionally, Discover matches all cash back earned in the first year, providing significant savings and rewards.
Pros
- 0% APR for 18 months on balance transfers
- Cashback rewards
- No annual fee
- Cashback match first year
- Flexible redemption options.
Cons
- High balance transfer fee
- High regular APR after intro period
- Limited international acceptance
- Requires good credit
- Cashback categories capped.
7.
HSBC Gold Mastercard® credit card
The HSBC Gold Mastercard® credit card offers a competitive combination of benefits and features, including no annual fee, a low introductory APR on purchases and balance transfers, and no foreign transaction fees. Ideal for budget-conscious consumers, it also provides purchase protection, extended warranty coverage, and access to HSBC's suite of personal finance tools. Cardholders can enjoy these perks while managing their finances with ease and flexibility, making it a practical choice for everyday spending.
Pros
- No annual fee
- 0% intro APR on balance transfers
- travel benefits
- purchase protection
- fraud protection.
Cons
- Foreign transaction fee
- high regular APR
- limited rewards
- no sign-up bonus
- limited acceptance.
8.
American Express Cash Magnet® Card
The American Express Cash Magnet® Card offers a straightforward cash back experience, providing 1.5% unlimited cash back on all purchases. With no annual fee, it features a welcome bonus for new cardholders who meet a minimum spending requirement within the first few months. Additional perks include purchase protection, car rental loss and damage insurance, and access to Amex Offers for discounts and deals. Ideal for those seeking a simple, no-fuss rewards card.
Pros
- No annual fee
- Unlimited 1.5% cash back
- Intro APR on purchases
- Purchase protection
- Extended warranty.
Cons
- Foreign transaction fees
- Higher APR after intro period
- Limited reward redemption options
- No bonus categories
- Requires good credit.
9.
Blue Cash Everyday® Card from American Express
The Blue Cash Everyday® Card from American Express is a no-annual-fee credit card designed for practical everyday spending. It offers 3% cash back at U.S. supermarkets (up to $6,000 annually, then 1%), 2% at U.S. gas stations and select U.S. department stores, and 1% on other purchases. Cardholders can also benefit from intro APR offers on purchases and balance transfers, making it a versatile choice for managing expenses and earning rewards. Terms apply.
Pros
- No annual fee
- Cash back rewards
- 0% intro APR
- Easy online account management
- American Express benefits.
Cons
- Foreign transaction fees
- Limited cash back categories
- Requires good credit
- Limited acceptance abroad
- Cash back redemption thresholds.