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.
Advertisement
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.
../assets/images/NO_1.webpCiti® Diamond Preferred® CardView AllCiti® Diamond Preferred® Card - Low-interest, no annual fee, balance transfer-focused credit card.
../assets/images/NO_2.webpWells Fargo Reflect® CardView AllWells Fargo Reflect® Card - Wells Fargo Reflect® Card: Low intro APR, extended interest-free period.
../assets/images/NO_3.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_4.webpBankAmericard® credit cardView AllBankAmericard® credit card - Early credit card, now known as Visa.
../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.webpHSBC Gold Mastercard® credit cardView AllHSBC Gold Mastercard® credit card - No annual fee, global acceptance, rewards program.
../assets/images/NO_7.webpAmerican Express Blue Business Cash™ CardView AllAmerican Express Blue Business Cash™ Card - 2% cashback, $0 annual fee, simple business card.
../assets/images/NO_8.webpPenFed Gold Visa® CardView AllPenFed Gold Visa® Card - Low-interest rate card with no annual fees.
../assets/images/NO_9.webpSimmons Bank Visa®View AllSimmons Bank Visa® - Low-interest Visa card with no annual fee.
Top 10 Low Interest Credit Cards
1.
Citi® Diamond Preferred® Card
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
0% intro APR on purchases- 0% intro APR on balance transfers
- no annual fee
- access to Citi Entertainment
- flexible payment due dates.
Cons
No rewards program- balance transfer fee
- foreign transaction fees
- high ongoing APR
- limited travel benefits.
2.
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.
3.
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.
4.
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
-
Fraud protection
-
Intro APR offers
-
Online and mobile banking
-
Wide acceptance.
Cons
- High regular APR
-
Limited rewards
-
Foreign transaction fees
-
Strict approval requirements
-
Minimal benefits.
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
-
Cashback match first year
-
No foreign transaction fees
-
Free FICO score.
Cons
- Rotating categories need activation
-
1% cash back on other purchases
-
Limited acceptance abroad
-
Cash back capped quarterly
-
Requires good credit.
6.
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.
7.
American Express Blue Business Cash™ Card
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
- 2% cash back on purchases up to $50
- 000 annually
- no annual fee
- expense management tools
- extended warranty
- purchase protection.
Cons
- 2.7% foreign transaction fee
- cash back cap at $50
- 000
- limited acceptance internationally
- requires good credit
- higher APR.
8.
PenFed Gold Visa® Card
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
- No annual fee
- Low APR
- Contactless payments
- No foreign transaction fees
- Good customer service.
Cons
- Limited rewards
- Requires excellent credit
- No intro APR on purchases
- No sign-up bonus
- Limited travel benefits.
9.
Simmons Bank Visa®
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
- Low APR
- No annual fee
- Travel benefits
- Fraud protection
- EMV chip technology
Cons
- **Limited rewards
- No introductory bonus
- Foreign transaction fees
- Requires good credit
- Basic features