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Top 10 Low Interest Credit Cards

Low interest credit cards offer borrowers a lower annual percentage rate (APR) compared to standard credit cards. These cards are designed to help consumers save on interest charges, especially if they tend to carry a balance from month to month.

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In more detail, low interest credit cards can be particularly beneficial for individuals who occasionally need to carry a balance over several billing cycles. The lower APR means that less interest accrues on the outstanding balance, making it easier to pay down debt more quickly and affordably. These cards often come with introductory offers, such as 0% APR for a certain period, which can provide significant savings on interest. However, it's important to be aware of any fees associated with the card, such as annual fees or balance transfer fees, as these can offset some of the financial benefits. Additionally, low interest credit cards may require a good to excellent credit score for approval, so consumers should ensure they meet the eligibility criteria before applying.

  • Citi® Diamond Preferred® Card
    Citi® Diamond Preferred® Card

    Citi® Diamond Preferred® Card - Low-interest, no annual fee, balance transfer-focused credit card.

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  • Wells Fargo Reflect® Card
    Wells Fargo Reflect® Card

    Wells Fargo Reflect® Card - Wells Fargo Reflect® Card: Low intro APR, extended interest-free period.

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  • U.S. Bank Visa® Platinum Card
    U.S. Bank Visa® Platinum Card

    U.S. Bank Visa® Platinum Card - U.S. Bank Visa® Platinum Card: Low APR, no annual fee.

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  • BankAmericard® credit card
    BankAmericard® credit card

    BankAmericard® credit card - Early credit card, now known as Visa.

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  • Discover it® Cash Back
    Discover it® Cash Back

    Discover it® Cash Back - Discover it® Cash Back offers 5% rotating category rewards.

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  • HSBC Gold Mastercard® credit card
    HSBC Gold Mastercard® credit card

    HSBC Gold Mastercard® credit card - No annual fee, global acceptance, rewards program.

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  • American Express Blue Business Cash™ Card
    American Express Blue Business Cash™ Card

    American Express Blue Business Cash™ Card - 2% cashback, $0 annual fee, simple business card.

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  • PenFed Gold Visa® Card
    PenFed Gold Visa® Card

    PenFed Gold Visa® Card - Low-interest rate card with no annual fees.

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  • Simmons Bank Visa®
    Simmons Bank Visa®

    Simmons Bank Visa® - Low-interest Visa card with no annual fee.

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Top 10 Low Interest Credit Cards

1.

Citi® Diamond Preferred® Card

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The Citi® Diamond Preferred® Card is a credit card ideal for those seeking to consolidate debt or finance large purchases without immediate interest. It offers a lengthy 0% introductory APR on balance transfers and purchases for a set period, followed by a variable APR. The card features no annual fee, provides access to Citi® Entertainment for exclusive events, and includes various security and customer service benefits. It's a solid choice for those prioritizing low-cost borrowing.

Pros

  • pros 0% intro APR on purchases
  • pros 0% intro APR on balance transfers
  • pros no annual fee
  • pros access to Citi Entertainment
  • pros flexible payment due dates.

Cons

  • cons No rewards program
  • cons balance transfer fee
  • cons foreign transaction fees
  • cons high ongoing APR
  • cons limited travel benefits.
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2.

Wells Fargo Reflect® Card

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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

  • pros 0% intro APR
  • pros long intro period
  • pros no annual fee
  • pros cell phone protection
  • pros flexible rewards.

Cons

  • consHigh regular APR
  • cons foreign transaction fee
  • cons limited rewards categories
  • cons requires good credit
  • cons no sign-up bonus.
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3.

U.S. Bank Visa® Platinum Card

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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

  • pros 0% intro APR on purchases
  • pros 0% intro APR on balance transfers
  • pros No annual fee
  • pros Cell phone protection
  • pros Free credit score access.

Cons

  • consNo rewards program
  • cons Balance transfer fee
  • cons High regular APR
  • cons Foreign transaction fees
  • cons Limited benefits compared to competitors.
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4.

BankAmericard® credit card

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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

  • pros No annual fee
  • pros Fraud protection
  • pros Intro APR offers
  • pros Online and mobile banking
  • pros Wide acceptance.

Cons

  • consHigh regular APR
  • cons Limited rewards
  • cons Foreign transaction fees
  • cons Strict approval requirements
  • cons Minimal benefits.
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5.

Discover it® Cash Back

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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

  • pros No annual fee
  • pros 5% cash back in rotating categories
  • pros Cashback match first year
  • pros No foreign transaction fees
  • pros Free FICO score.

Cons

  • consRotating categories need activation
  • cons 1% cash back on other purchases
  • cons Limited acceptance abroad
  • cons Cash back capped quarterly
  • cons Requires good credit.
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6.

HSBC Gold Mastercard® credit card

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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

  • pros No annual fee
  • pros 0% intro APR on balance transfers
  • pros travel benefits
  • pros purchase protection
  • pros fraud protection.

Cons

  • consForeign transaction fee
  • cons high regular APR
  • cons limited rewards
  • cons no sign-up bonus
  • cons limited acceptance.
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7.

American Express Blue Business Cash™ Card

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The American Express Blue Business Cash™ Card is a popular business credit card offering 2% cash back on the first $50,000 in eligible purchases annually, then 1% thereafter. It features no annual fee and provides benefits such as expanded buying power, free employee cards, and access to Amex Offers. Additionally, the card comes with valuable protections like purchase protection, extended warranty coverage, and expense management tools, making it a versatile choice for small business owners.

Pros

  • pros 2% cash back on purchases up to $50
  • pros 000 annually
  • pros no annual fee
  • pros expense management tools
  • pros extended warranty
  • pros purchase protection.

Cons

  • cons2.7% foreign transaction fee
  • cons cash back cap at $50
  • cons000
  • cons limited acceptance internationally
  • cons requires good credit
  • cons higher APR.
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8.

PenFed Gold Visa® Card

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The PenFed Gold Visa® Card is a straightforward, no-frills credit card offering a competitive low APR, making it ideal for balance transfers and everyday purchases. It features no annual fee and provides benefits such as contactless payments and fraud protection. With its focus on affordability and simplicity, it suits individuals seeking to manage their finances efficiently without the burden of additional costs or complex rewards programs.

Pros

  • pros No annual fee
  • pros Low APR
  • pros Contactless payments
  • pros No foreign transaction fees
  • pros Good customer service.

Cons

  • consLimited rewards
  • cons Requires excellent credit
  • cons No intro APR on purchases
  • cons No sign-up bonus
  • cons Limited travel benefits.
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9.

Simmons Bank Visa®

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The Simmons Bank Visa® is a credit card known for its competitive low interest rates, making it an attractive option for those who may carry a balance. It typically features no annual fees and offers benefits such as fraud protection, travel accident insurance, and car rental insurance. Ideal for cost-conscious consumers, this card emphasizes financial simplicity and value, providing essential credit card services without the burden of high costs or complex reward schemes.

Pros

  • pros Low APR
  • pros No annual fee
  • pros Travel benefits
  • pros Fraud protection
  • pros EMV chip technology

Cons

  • cons**Limited rewards
  • cons No introductory bonus
  • cons Foreign transaction fees
  • cons Requires good credit
  • cons Basic features
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