Low-interest credit cards can reduce the cost of carrying a balance on a credit card by offering interest rates below the average for most credit cards. Typically, the higher your credit, the lower your interest rate.

CNET reviews credit cards by exhaustively comparing them across set criteria developed for each major category, including cash back, welcome bonus, travel rewards and balance transfer.

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Back to Main Menu Home Equity. Back to Main Menu Mortgages. Back to Main Menu Loans. Back to Main Menu Insurance. Back to Main Menu Personal Finance. Table of Contents In this article Jump to. Best low-interest credit cards What is a low-interest credit card?

Pros and cons of a low-interest credit card How to reduce the amount of credit card interest you pay FAQs Methodology. How we rate credit cards.

Advertiser Disclosure. Advertiser Disclosure CNET editors independently choose every product and service we cover. Money Credit Cards. Written by Liliana Hall Liliana Hall. Edited by Courtney Johnston Courtney Johnston Editor.

Updated Feb. What to know first A low-interest credit card can reduce the cost of carrying a balance on a credit card. How to choose the best low-interest credit card Before applying for a low-interest credit card, you should consider a few things.

Table of Contents Best low-interest credit cards What is a low-interest credit card? Below we break down our top picks for low-interest credit cards. Best for long intro APR Wells Fargo Reflect® Card. CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors.

Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. Apply Now.

Apply Now with Wells Fargo. Annual Fee. How Did That Happen? by Claire Tsosie. by Kimberly Palmer. How to get a card with low interest. How to Find the Right Low-Interest Credit Card. by Funto Omojola , Claire Tsosie. What True Low-Interest Credit Cards Are Available? by Funto Omojola. How to Get a Lower APR on Your Credit Card.

Cards with no annual fee. Is It Worth Paying an Annual Fee for a Credit Card? by Robin Saks Frankel. American Express Cards With No Annual Fee. This card is a great option if you need a break from paying interest charges for an extended period of time. If you don't mind a brief intro APR period, the Chase Freedom Unlimited Card may be a better alternative — especially if you want to have the chance to earn rewards.

Learn more: Wells Fargo Reflect benefits guide. Read our Wells Fargo Reflect Card review or jump back to offer details. Best for cash back. Furthermore, the first-year rewards from Cashback Match can be a true windfall, especially if you often maximize bonus categories. Learn more: Reasons to love the Discover it® Cash Back.

Read our Discover it® Cash Back review or jump back to offer details. Best for home improvement. It has a lot of flexibility for a low-interest card. Along with hard-to-find bonus categories like home improvement, the card's list of eligible categories covers everyday spending like gas and dining, giving it terrific short- and long-term value.

It not only offers bonus rewards in popular everyday categories like dining, but also a flat 1. Learn more: Is the Bank of America Customized Cash Reward card worth it?

Read our full Bank of America Customized Cash Reward review or jump back to offer details. Best for big savers. If you can take advantage of the Bank of America Preferred Rewards® program, this could be one of the most rewarding low-interest cards on the market.

Bank of America customers who qualify for the Preferred Rewards Program and its best-in-class cash back rates. The Discover it® Cash Back card could be a great alternative thanks to its combination of solid intro APR offers and great mix of rotating categories. Read our full Bank of America® Unlimited Cash Rewards card review or jump back to offer details.

Best for families. Most welcome offers provide three months to meet the spending requirement, but not this one. People whose daily routines involve a lot of mealtimes and motoring around. This no-annual-fee card can help you earn considerable cash back at U.

supermarkets and U. gas stations, as well as U. If you don't plan to spend much on gas or groceries, a more flexible cash back card, such as the Discover it® Cash Back , for example, may be preferable.

Learn more: Amex Blue Cash Everyday benefits guide. Read our Blue Cash Everyday Card from American Express review or jump back to offer details. Best for first-year value. It also charges limited fees and gives you a chance at a potentially low ongoing APR. If you're looking for a low-interest card with a simpler rewards structure, consider the Bank of America® Unlimited Cash Rewards credit card, which offers unlimited 1.

Read our full Discover it® Balance Transfer review or jump back to offer details. Best for long-term value. It offers a terrific mix of everyday rewards categories, making it one of your best bets for ongoing value after your intro APR period comes to an end.

Anyone looking to chip away at debt or finance new purchases without sacrificing everyday rewards. The Blue Cash Everyday® Card from American Express carries a potentially low ongoing APR, a solid welcome offer and an impressive rewards rate at U. online retailers, U. gas stations and U.

The online retailer category is especially unique and could hold a ton of value for some shoppers. Read our full Capital One SavorOne Cash Rewards card review or jump back to offer details. Best for large purchases. If you don't mind keeping track of rotating bonus categories, the Discover it® Cash Back card could be a good alternative since it offers an intro APR for balance transfers and purchases, a chance at a low ongoing APR and a mix of practical and popular spending categories.

Read our full Wells Fargo Active Cash review or jump back to offer details. est for streamlined rewards. This card is fairly well-rounded, with decent flat-rate rewards, a reasonable regular variable APR range and few fees.

If you want a no-fuss card that earns steady cash back rewards on everyday purchases, the Quicksilver Cash Rewards is a notable consideration for your wallet. Consumers who want to earn solid flat-rate rewards on all purchases and have multiple options to redeem earnings.

The Chase Freedom Flex Card is an excellent pick if you prefer to strategize and earn even more cash back by tracking and managing bonus categories. Learn more: Capital One Quicksilver Card benefits guide. Read our Capital One Quicksilver Cash Rewards Credit Card review or jump back to offer details.

Best for balance transfers. People who are focused on paying off credit card debt can benefit most from this card despite the fact that it has no rewards or welcome offer. If you want a low-interest balance transfer card that also offers rewards, consider the Discover it® Balance Transfer , which not only carries an intro APR on balance transfers, but also comes with bonus cash back in a mix of rotating categories.

Learn more: Why I love the Citi Diamond Preferred Card. Read our full Citi Diamond Preferred Card review or jump back to offer details. Best for intro APR. The card details have not been reviewed or approved by the card issuer.

Read our full BankAmericard® review. Best for low ongoing APR. People looking for both a decent intro APR period on balance transfers and a low ongoing APR after that. This card is a great option if you need to carry a balance long term and want to keep interest charges low, but if a long intro APR period or rewards are more important to you, consider the Bank of America® Unlimited Cash Rewards credit card.

It comes with a long intro APR offer, a low balance transfer fee and a decent flat cash back rate on all purchases. Read our full Gold Visa Card review. Best for everyday spending.

If you would rather have a card with a higher rewards rate on grocery store purchases , the Blue Cash Everyday Card from American Express — which earns 3 percent on U.

A low-interest credit card is defined by its APR annual percentage rate , which can be either variable or fixed. If the low end of the variable percentage is around 18 percent, it generally qualifies as a low-interest card.

Most credit cards are variable-rate credit cards, meaning their APRs fluctuate alongside the prime rate. Paying your balance on time and in full every month is the surest way to avoid interest altogether, and this method is what we recommend first.

Alternatively, a low-interest card could help you pay less interest if you carry a balance. According to one Bankrate survey , about 94 percent of economists say the Fed, the entity that sets the prime rate, may start cutting interest rates as early as These forecasts indicate that Interest rates may remain at record highs for a bit longer, making low-interest cards an even more attractive tool to have in the meantime.

Although annual percentage rates are expressed on a yearly basis, your lender will charge you each month as long as you carry a credit card balance. It can appear fairly straightforward at first glance, but understanding how that percentage applies to your current balance requires some calculations.

The formulas are as follows:. You can save on existing credit card debt : By completing a balance transfer to a low-interest credit card, you can save yourself a lot on interest payments and consolidate high-interest credit card debt to one place, making your debt payoff journey simpler.

Ideal for large purchases : If you plan to make a large purchase but may need some time to pay it off, a low-interest credit card can be a helpful tool to reduce the risk of accruing hefty interest charges. Limited rewards : Low-interest cards typically come with limited rewards programs.

Credit requirements : The credit scores a consumer may need to qualify for most low-interest cards trend toward good-to-excellent. Long-term value : While low-interest credit cards are quite helpful in the correct situation, the lack of long-term premium perks and benefits may eventually leave some individuals wanting more.

Credit cards with low interest rates can come in handy for people in specific situations. Consider a low-interest credit card if you find yourself in these scenarios:. The best strategy to avoid interest is to not carry a balance on your credit card, but that might not be possible in every situation.

One advantage of low-interest cards is that if you wind up carrying a balance, the interest could be less costly. A balance transfer could help you save hundreds of dollars that would otherwise have gone toward paying off high-interest credit card debt.

Even if the introductory offer is low-interest rather than zero-interest, you'd save money as long as the intro rate is lower than what you're currently paying. To see what the balance transfer process might look like, you can use Bankrate's Credit Card Balance Transfer Calculator.

In cases where you know you have a large purchase coming up, a low-interest card — or even better, a zero-interest card with a solid introductory offer on purchases — could be a smart choice. The primary draw for a low-interest credit card is that it could help you save if you have to carry a balance.

Credit cards for bad credit often come with high APRs, security deposits and even annual fees. These added costs are to make up for lending to what issuers may consider a risky borrower.

Still unsure if a low-interest credit card is right for you? Check out our Credit Card Spender Type Tool , where you can get personalized credit card recommendations based on your credit score, spending habits and daily needs. Few people actually know the APR on their credit card.

As credit card APRs climb to an all-time high, intentionally picking a card with an interest rate below the current average could give your wallet a bit of a break. However, you could still save more than what you would with a card that has a high interest rate.

If carrying a balance is something you may do regularly, choosing a low-interest card could be key to staving off some of the most expensive interest charges. People with higher credit scores tend to qualify for lower interest rates on any kind of loan, including credit cards.

If your credit is fair or bad, you may not qualify for the most advantageous rates. Find out what your current score is and check for any issues or errors on your credit report. If your credit needs work, stick to a long-term strategy for improving your credit score. Many of the best low-interest credit cards often skip the extra bells and whistles in favor of keeping costs low and helping you focus on reducing your balance.

But some cards do offer modest perks and rewards programs. A pre-qualified offer involves an initial evaluation before beginning the actual process of applying. With pre-qualification, you won't be subject to a hard inquiry that can temporarily lower your credit score.

One of the common misconceptions about credit cards is that they can be dangerous to your financial health. Low-interest cards are a great way to avoid hefty interest charges.

Paying the total of your credit card balance each month allows you to avoid interest charges altogether. If you find yourself with a balance on one or more credit cards with high interest rates, consider moving that debt to a single low-interest card, if possible.

lf you plan to finance a significant purchase on a credit card , be sure to keep low-interest cards top of mind. You can save on interest and pay less over time with a low-interest card. To double the benefit, try finding a card with a zero percent intro APR offer to start.

Then, if that card has a low ongoing interest rate, you could add even more to your savings potential. If you're dead set on finding a way to lower your credit card interest rate , contact your issuer. You can call and ask to lower your interest rate or even negotiate a new payment plan entirely.

If you've generally been on time with your payments and have been a loyal customer, use those points in making your case.

With the right approach, you could be successful in lowering your rate. There is a strong correlation between the interest rate you are eligible for and your credit score. The higher your credit score is, the better the rate issuers offer you might be.

Even if your credit score is poor, however, you won't be charged any interest if you keep the balance to zero. Most cards will give you a 25 to 30 day grace period. The more you do that, your credit score should rise, so if and when you want a new credit card with a low APR, you will be in a better position to qualify.

The average credit card rate is now well above 20 percent. For consumers with blemished credit history, the rates are typically closer to 30 percent due to the increased risk for the issuer.

Consumers with bad credit will find it difficult to qualify for any unsecured credit card and may have to start with a secured credit card to help build or rebuild positive credit history.

Consumers with bad credit who apply for an unsecured credit card will typically only be approved for sub-prime cards with a low credit limit and high interest rate. These cards may also carry high fees. Bad credit users should take special care not to carry a balance on the card or use more than one-third of the credit limit at any one time.

If you have bad credit, your options for cards might be limited, and your focus should be doing what you can to get your credit score up.

Shop around for the lowest rate you can find. No matter what the interest rate is on the card you do get, the best thing to aim for is to not put more on your card than what you can comfortably pay off every month by your due date.

Frequent on-time payments will help you build your score up to land a lower rate card. We use primary sources to support our work. Fay, B. Accessed on December 7, Every reasonable effort has been made to maintain accurate information.

However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty.

Apply for a credit card with confidence. When you find your odds, you get:. A personalized list of cards ranked by likelihood of approval. No credit hits. Your personal information and data are protected with bit encryption. That means:.

All of your personal information is protected with bit encryption. Your financial information, like annual income and employment status, helps us better understand your credit profile and provide more accurate approval odds.

Your financial information, like annual income and employment status, helps us better understand your credit profile. Having a clearer picture of your credit profile will help us ensure that your approval odds are as accurate as possible. Your answer should account for all personal income, including salary, part-time pay, retirement, investments and rental properties.

You do not need to include alimony, child support, or separate maintenance income unless you want to have it considerd as a basis for repaying a loan. Knowing your rent or mortgage payments helps us calculate your debt-to-income ratio DTI which is your monthly debt payments divided by your pre-tax monthly income.

Why does DTI matter?

Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American

Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Capital One's low intro APR credit cards can help you save on interest. Apply for a 0% intro APR credit card today. · Earn a one-time $ cash bonus once you If you're in need of a 0% APR card but also want to earn hassle-free, flat-rate cash back, the Wells Fargo Active Cash® Card is worth a look: Low APR cards

Low APR cards bonus category. Crds apologize Quick approval process the inconvenience. Read our full Csrds Fargo Reflect Card review. Other cards cadrs the market may have higher reward returns. Free checked bag for any cardholder who purchases airfare with their card, and up to 6 additional guests traveling on the same reservation. Read more. Learn More about BankAmericard ® Credit Card for Students Apply Now for BankAmericard ® Credit Card for Students.	There's no annual fee. See recurring merchants and other frequently used merchants where your card is stored online. Card Lock. This card offers a low variable APR of Some of the above benefits are provided by Visa® or Mastercard® and may vary by product.	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American	There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR Credit Cards · Chase Freedom Unlimited® · Chase Freedom Unlimited® · Why we like it The Chase Freedom Flex℠'s long 0% APR period, generous sign-up bonus and ongoing rewards program could net you thousands in interest savings	NerdWallet's Best 0% APR and Low Interest Credit Cards of February · BankAmericard® credit card: Best for Long 0% intro APR period Best Low Interest Credit Cards of February ; Discover it® Balance Transfer: Best feature: month 0% APR on balance transfers. ; Discover it® Cash Back Best low-interest credit cards ; Winner: Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union ; Best low interest card for balance transfers
Currently, anything Refinancing options for homeowners with bad credit or under 16 percent crds as caards good interest rate for most consumers. Wells Fargo Active Cash® Card. Find low interest credit cards from Mastercard. As with most financial products, the best interest rates on credit cards are available to those with the strongest credit profiles. You also get the issuer's signature "cash-back match" bonus in your first year.	Category activation can be a hassle, but if your spending aligns with those categories and for most households, it probably will , you can rake in serious rewards. Knowing your rent or mortgage payments helps us calculate your debt-to-income ratio DTI which is your monthly debt payments divided by your pre-tax monthly income. We also considered additional perks, the application process and how easy it is for the consumer to redeem points. You can save on existing credit card debt : By completing a balance transfer to a low-interest credit card, you can save yourself a lot on interest payments and consolidate high-interest credit card debt to one place, making your debt payoff journey simpler. The Platinum Mastercard® from First Tech Federal Credit Union provides cardholders with a low competitive APR Thomas Nitzsche Financial Educator, Debt and Credit. Start Over.	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American	If you're in need of a 0% APR card but also want to earn hassle-free, flat-rate cash back, the Wells Fargo Active Cash® Card is worth a look Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card Best 0% APR Credit Cards · Chase Freedom Unlimited® · Chase Freedom Unlimited® · Why we like it	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American
Great fards with great rates—it's as simple as that. This can apply to new purchases, balance transfers or both. Apply Now. Up to 1. Check offers Check offers.	Terms apply 1. BankAmericard® credit card Best for intro APR. Learn more: Reasons to love the Discover it® Cash Back. Read our full Capital One SavorOne Cash Rewards card review or jump back to offer details. For rates and fees of the Amex Blue Cash Everyday, click here.	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American	Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Our recommendations for the best low interest credit cards ; Citi Diamond Preferred Card · Excellent, Good · % - % Variable ; Blue Cash Everyday® Card	Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card If you don't mind a brief intro APR period, the Chase Freedom Unlimited Card may be a better alternative — especially if you want to have the Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online

10 partner offers · Capital One SavorOne Cash Rewards Credit Card · Citi Diamond Preferred Card · Wells Fargo Active Cash Card · Citi Custom Cash Card · Wells Fargo Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card NerdWallet's Best 0% APR and Low Interest Credit Cards of February · BankAmericard® credit card: Best for Long 0% intro APR period: Low APR cards

Pros Minority business loans annual carrds Cell phone protection Crads. Flexibility with no blackout dates on Alaska Airlines flights when booking with miles or Low APR cards companion fare. AR lower interest rate credit card can help you save carcs the cost of debt by making it easier to pay down your balance faster. If you never carry a balance, your interest rate is effectively zero percent. Consumers with bad credit who apply for an unsecured credit card will typically only be approved for sub-prime cards with a low credit limit and high interest rate. Pros No annual fee No balance transfer fee. All of your personal information is protected with bit encryption.	Get automatic insurance for a covered loss at no extra charge when you use your credit card to purchase your fare. Bank of America customers who qualify for the Preferred Rewards Program and its best-in-class cash back rates. Select teamed up with location intelligence firm Esri. Capital One VentureOne Rewards Credit Card. Jason Steele.	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American	10 partner offers · Capital One SavorOne Cash Rewards Credit Card · Citi Diamond Preferred Card · Wells Fargo Active Cash Card · Citi Custom Cash Card · Wells Fargo Best 0% APR Credit Cards · Chase Freedom Unlimited® · Chase Freedom Unlimited® · Why we like it The Wells Fargo Reflect® Card is a solid option if you're looking to finance a large purchase or consolidate high-interest debt. This no-annual-fee card offers	The best low interest credit card from Chase is Chase Freedom Unlimited® because it offers an introductory APR of 0% for 15 months for purchases Our recommendations for the best low interest credit cards ; Citi Diamond Preferred Card · Excellent, Good · % - % Variable ; Blue Cash Everyday® Card Capital One's low intro APR credit cards can help you save on interest. Apply for a 0% intro APR credit card today. · Earn a one-time $ cash bonus once you
Terms apply 1. It's carde easy way to earn cash back as an account carcs when Rapid loan processing shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card. gas stations and U. Adding this card could give you a potentially useful tool for keeping your interest burden low. You're in debt longer and pay more to get out.	Ask our experts What's your favorite zero interest card — and why? Frequent on-time payments will help you build your score up to land a lower rate card. Written by Liliana Hall. Learn more: Select's Capital One VentureOne Rewards Credit Card review. Perks include a complimentary Uber One membership through Nov. Depending on the APR on the card you transfer the debt to and how long it takes you to pay it off, you could save more in interest than you pay in transfer fees.	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi Best low-interest credit cards ; Winner: Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union ; Best low interest card for balance transfers There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards	% APR and low-interest credit cards of February · Browse by card categories · Capital One VentureOne Rewards Credit Card · Blue Cash Preferred® Card If you're in need of a 0% APR card but also want to earn hassle-free, flat-rate cash back, the Wells Fargo Active Cash® Card is worth a look 10 partner offers · Capital One SavorOne Cash Rewards Credit Card · Citi Diamond Preferred Card · Wells Fargo Active Cash Card · Citi Custom Cash Card · Wells Fargo
Yes, ARP can negotiate Refinancing options for homeowners with bad credit interest rate crds Low APR cards credit card. If you carry a balance on your credit cagds, odds are Gas rewards cards being hit with high interest charges. Credit Card Interest Calculator. The Bank of America® Unlimited Cash Rewards credit card is one of many 1. A low-interest credit card is classified based on its annual percentage rate. Learn more: Select's Capital One VentureOne Rewards Credit Card review.	One of the common misconceptions about credit cards is that they can be dangerous to your financial health. With low-interest at the top of mind, we pay particular attention to APR in all its forms. Learn More. Credit card issuers have no say or influence on how we rate cards. Understanding interest rates and APRs.	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American	If you're in need of a 0% APR card but also want to earn hassle-free, flat-rate cash back, the Wells Fargo Active Cash® Card is worth a look Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Easily compare and apply online for the best Low APR credit cards with Visa. Find Visa credit cards with low interest rates, rewards and other benefits	Best 0% APR Credit Cards · Chase Freedom Unlimited® · Chase Freedom Unlimited® · Why we like it Why We Like It: The Wells Fargo Reflect® Card is the best intro 0% APR credit card overall. It has a zero-interest promotion for 21 months from The Chase Freedom Flex℠'s long 0% APR period, generous sign-up bonus and ongoing rewards program could net you thousands in interest savings

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% APR and low-interest credit cards of February · Browse by card categories · Capital One VentureOne Rewards Credit Card · Blue Cash Preferred® Card If you're in need of a 0% APR card but also want to earn hassle-free, flat-rate cash back, the Wells Fargo Active Cash® Card is worth a look NerdWallet's Best 0% APR and Low Interest Credit Cards of February · BankAmericard® credit card: Best for Long 0% intro APR period: Low APR cards

Caards details xards Here are czrds details of the Wings Low APR cards Visa Platinum Credit Card. Contactless Cards - The security of a Low APR cards AP, with Loan repayment help programs convenience of a tap. Apply now Lock on Wells Fargo's secure site. Balance transfer credit cards may set a limit on the amount of debt you can transfer, which is often less than your overall credit limit. Low Interest Credit Cards. They can help you avoid high interest charges if you carry a balance month-to-month. Intro APR.	This is typically only offered to cardholders with an extensive history with the issuer and who are in good or great financial standing. To pick the best low-interest credit card, we considered the priorities of someone looking to use a promotional balance transfer offer to consolidate credit card debt. Many of the cards that offer low interest rates come from credit unions, which require membership. The exact APR you'll receive depends on your creditworthiness. Set a reminder to call back in a few months and try again. If you need to carry a balance beyond the intro APR period, look elsewhere. A solid flat-rate rewards system and few fees make this card one to keep on your radar.	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American	Best low-interest credit cards ; Winner: Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union ; Best low interest card for balance transfers Best 0% APR Credit Cards · Chase Freedom Unlimited® · Chase Freedom Unlimited® · Why we like it 10 partner offers · Capital One SavorOne Cash Rewards Credit Card · Citi Diamond Preferred Card · Wells Fargo Active Cash Card · Citi Custom Cash Card · Wells Fargo	Easily compare and apply online for the best Low APR credit cards with Visa. Find Visa credit cards with low interest rates, rewards and other benefits The Wells Fargo Reflect® Card is a solid option if you're looking to finance a large purchase or consolidate high-interest debt. This no-annual-fee card offers
Balance Loq must be completed within four months of account opening. cardss Melissa Lambarena carxs, Caitlin Cardw. After the intro Rental car insurance offer ends, a Variable APR that's currently Loww We've created a calculator to help you see how much you could save in interest by paying down your credit card balance. As long as you pay your minimum payment by your due date, you can get 60 days from your statement closing date to pay for your purchases, interest free. If you do not pay for two billing periods in a row, this fee increases to 2. It's common to see a card saying it charges something like "	Our pick for Highest flat-rate cash back. Blue Cash Preferred® Card from American Express. Total balance. See rates and fees. Pros Its welcome offer is easy to earn and offers a better return on spend than many competing no-annual-fee rewards cards. On the other hand, 0 percent interest credit cards are only zero-interest for a certain time after opening the account, and then the regular APR kicks in, which may or may not be low. BEST FOR CASH BACK.	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American	Best Low Interest Credit Cards of February ; Discover it® Balance Transfer: Best feature: month 0% APR on balance transfers. ; Discover it® Cash Back Best 0% APR Credit Cards · Chase Freedom Unlimited® · Chase Freedom Unlimited® · Why we like it The best low interest credit card from Chase is Chase Freedom Unlimited® because it offers an introductory APR of 0% for 15 months for purchases
Refinancing options for homeowners with bad credit of America ® Customized Cash Rewards credit card for Students. Gold OLw Card Best for low ongoing APR. Visit americanexpress. The as low as credit score requirement may make the card more accessible. After that the variable APR will be	Bank of America ® Customized Cash Rewards secured credit card. The DCU Visa® Platinum Secured Credit Card has one of the lowest interest rates for a secured card at Related: How to consolidate and pay off debt. Let's walk through an example and see how a higher APR affects you at every turn. Freedom Debt Relief. They also come with perks, in some cases, that can further save you money for travel and in your daily spending.	Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American	Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American NerdWallet's Best 0% APR and Low Interest Credit Cards of February · BankAmericard® credit card: Best for Long 0% intro APR period Best 0% APR Credit Cards · Chase Freedom Unlimited® · Chase Freedom Unlimited® · Why we like it

Low APR cards - Best low-interest credit cards ; Winner: Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union ; Best low interest card for balance transfers Low interest credit cards ; Capital One Quicksilver Cash Rewards Credit Card · reviews · 0% for 15 Months · % - % (Variable) · 0% for 15 Months ; Citi There are a few different types of credit cards that come with a lower overall cost: 0% APR credit card offers, low-interest credit cards, and credit cards Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card · Chase Freedom Flex℠ · Chase Freedom Unlimited® · American

But if you have the U. If you don't, expect to be hit with the regular purchase APR. And if you have a store card , you could be hit with a bill for all the interest you accrued since the date you made your purchase or transfer known as deferred interest. None of the cards on this list charge cardholders deferred interest.

Learn more: 5 things to do once your balance transfer is complete. Remember that you'll need to make minimum payments on your balance and pay it off in full before the intro period ends to avoid interest.

After you determined which credit card you want to apply for, compare cards by these key factors:. These cards can help you consolidate credit card debt with a balance transfer, pay for new purchases over time without incurring interest charges or both. Balance transfer credit cards may set a limit on the amount of debt you can transfer, which is often less than your overall credit limit.

In general, the lower your credit score, the higher your interest rate will be. Using the extra cash you save not paying interest can help you pay down your debt faster, lower your credit utilization and increase your credit score.

A no-interest credit card is a great tool for financing new purchases, but you need to be careful how you use one.

The simplest way to avoid interest charges on a credit card is to pay your balance in full by the due date. Once the intro period ends, any lingering balances or new purchases and transfers will incur the regular APR. However, this dip is temporary and you're credit score should rise in a few months.

However, if you use a large amount of your credit line on your card for either purchases or a balance transfer, your credit utilization ratio could rise and cause a more significant drop in your credit score. However, needlessly holding onto debt is never a good idea, so be sure to have a plan in place to pay off any debt you have.

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products.

While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.

To determine which credit cards offer the best value, CNBC Select analyzed of the most popular credit cards available in the U. We compared each card on a range of features, including rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit and customer reviews when available.

We also considered additional perks, the application process and how easy it is for the consumer to redeem points. Select teamed up with location intelligence firm Esri. The company's data development team provided the most up-to-date and comprehensive consumer spending data based on the Consumer Expenditure Surveys from the Bureau of Labor Statistics.

You can read more about their methodology here. General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle expenses. Select used this budget to estimate how much the average consumer would save over the course of a year, two years and five years, assuming they would attempt to maximize their rewards potential by earning all welcome bonuses offered and using the card for all applicable purchases.

All rewards total estimations are net of the annual fee. While the five-year estimates we've included are derived from a budget similar to the average American's spending, you may earn a higher or lower return depending on your shopping habits. Catch up on CNBC Select's in-depth coverage of credit cards , banking and money , and follow us on TikTok , Facebook , Instagram and Twitter to stay up to date.

Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here.

Information about the Bank of America® Unlimited Cash Rewards Card, Amex EveryDay® Credit Card, American Express Cash Magnet® Card has been collected independently by Select and has not been reviewed or provided by the issuers of the cards prior to publication.

For rates and fees of the Amex EveryDay® Credit Card, click here. For rates and fees of the American Express Cash Magnet® Card, click here. For rates and fees of the Blue Cash Everyday® Card from American Express, click here. Skip Navigation. Credit Cards. Follow Select. Our top picks of timely offers from our partners More details.

Choice Home Warranty. National Debt Relief. LendingClub High-Yield Savings. Freedom Debt Relief. UFB Secure Savings. Select independently determines what we cover and recommend. We earn a commission from affiliate partners on many offers and links.

Read more about Select on CNBC and on NBC News , and click here to read our full advertiser disclosure. The Bank of America® Unlimited Cash Rewards Card. Straightforward redemption without needing a high-maintenance reward strategy.

No foreign transaction fees, no earning caps, no rotating categories, and no need to chase down transfer partners to escape very low point values.

Requests do not require a purchase, incure no charge for making them, and do not involve department transfers. Receive protection benefits like trip cancellation and interruption, auto rental car collision waiver, travel accident and baggage delay. Plus additional World Elite Mastercard® benefits.

Members-only LUXURY MAGAZINE®. Brushed Metal Card Design: Weighing in at an industry-leading 22g. Designed for frequent shoppers, big ticket purchases and everything in between. Terms and conditions apply. Ideal for those seeking a premium travel card that doubles as an everyday workhorse, paired with elevated service beyond the ordinary.

Leave behind the hassle of juggling various cards and monthly statements, while finding peace of mind with protection benefits that exceeds standard credit cards. Just pay for airline purchases with your Mastercard Black Card and we will automatically apply the credit to your account.

No need to activate or designate an airline. The credit amount is available in full at the start of the calendar year. It not only offers bonus rewards in popular everyday categories like dining, but also a flat 1.

Learn more: Is the Bank of America Customized Cash Reward card worth it? Read our full Bank of America Customized Cash Reward review or jump back to offer details. Best for big savers. If you can take advantage of the Bank of America Preferred Rewards® program, this could be one of the most rewarding low-interest cards on the market.

Bank of America customers who qualify for the Preferred Rewards Program and its best-in-class cash back rates. The Discover it® Cash Back card could be a great alternative thanks to its combination of solid intro APR offers and great mix of rotating categories.

Read our full Bank of America® Unlimited Cash Rewards card review or jump back to offer details. Best for families. Most welcome offers provide three months to meet the spending requirement, but not this one. People whose daily routines involve a lot of mealtimes and motoring around.

This no-annual-fee card can help you earn considerable cash back at U. supermarkets and U. gas stations, as well as U. If you don't plan to spend much on gas or groceries, a more flexible cash back card, such as the Discover it® Cash Back , for example, may be preferable.

Learn more: Amex Blue Cash Everyday benefits guide. Read our Blue Cash Everyday Card from American Express review or jump back to offer details. Best for first-year value.

It also charges limited fees and gives you a chance at a potentially low ongoing APR. If you're looking for a low-interest card with a simpler rewards structure, consider the Bank of America® Unlimited Cash Rewards credit card, which offers unlimited 1. Read our full Discover it® Balance Transfer review or jump back to offer details.

Best for long-term value. It offers a terrific mix of everyday rewards categories, making it one of your best bets for ongoing value after your intro APR period comes to an end. Anyone looking to chip away at debt or finance new purchases without sacrificing everyday rewards.

The Blue Cash Everyday® Card from American Express carries a potentially low ongoing APR, a solid welcome offer and an impressive rewards rate at U. online retailers, U. gas stations and U.

The online retailer category is especially unique and could hold a ton of value for some shoppers. Read our full Capital One SavorOne Cash Rewards card review or jump back to offer details. Best for large purchases. If you don't mind keeping track of rotating bonus categories, the Discover it® Cash Back card could be a good alternative since it offers an intro APR for balance transfers and purchases, a chance at a low ongoing APR and a mix of practical and popular spending categories.

Read our full Wells Fargo Active Cash review or jump back to offer details. est for streamlined rewards. This card is fairly well-rounded, with decent flat-rate rewards, a reasonable regular variable APR range and few fees. If you want a no-fuss card that earns steady cash back rewards on everyday purchases, the Quicksilver Cash Rewards is a notable consideration for your wallet.

Consumers who want to earn solid flat-rate rewards on all purchases and have multiple options to redeem earnings. The Chase Freedom Flex Card is an excellent pick if you prefer to strategize and earn even more cash back by tracking and managing bonus categories. Learn more: Capital One Quicksilver Card benefits guide.

Read our Capital One Quicksilver Cash Rewards Credit Card review or jump back to offer details. Best for balance transfers. People who are focused on paying off credit card debt can benefit most from this card despite the fact that it has no rewards or welcome offer.

If you want a low-interest balance transfer card that also offers rewards, consider the Discover it® Balance Transfer , which not only carries an intro APR on balance transfers, but also comes with bonus cash back in a mix of rotating categories. Learn more: Why I love the Citi Diamond Preferred Card.

Read our full Citi Diamond Preferred Card review or jump back to offer details. Best for intro APR. The card details have not been reviewed or approved by the card issuer. Read our full BankAmericard® review. Best for low ongoing APR. People looking for both a decent intro APR period on balance transfers and a low ongoing APR after that.

This card is a great option if you need to carry a balance long term and want to keep interest charges low, but if a long intro APR period or rewards are more important to you, consider the Bank of America® Unlimited Cash Rewards credit card.

It comes with a long intro APR offer, a low balance transfer fee and a decent flat cash back rate on all purchases. Read our full Gold Visa Card review. Best for everyday spending. If you would rather have a card with a higher rewards rate on grocery store purchases , the Blue Cash Everyday Card from American Express — which earns 3 percent on U.

A low-interest credit card is defined by its APR annual percentage rate , which can be either variable or fixed. If the low end of the variable percentage is around 18 percent, it generally qualifies as a low-interest card.

Most credit cards are variable-rate credit cards, meaning their APRs fluctuate alongside the prime rate. Paying your balance on time and in full every month is the surest way to avoid interest altogether, and this method is what we recommend first. Alternatively, a low-interest card could help you pay less interest if you carry a balance.

According to one Bankrate survey , about 94 percent of economists say the Fed, the entity that sets the prime rate, may start cutting interest rates as early as These forecasts indicate that Interest rates may remain at record highs for a bit longer, making low-interest cards an even more attractive tool to have in the meantime.

Although annual percentage rates are expressed on a yearly basis, your lender will charge you each month as long as you carry a credit card balance. It can appear fairly straightforward at first glance, but understanding how that percentage applies to your current balance requires some calculations.

The formulas are as follows:. You can save on existing credit card debt : By completing a balance transfer to a low-interest credit card, you can save yourself a lot on interest payments and consolidate high-interest credit card debt to one place, making your debt payoff journey simpler.

Ideal for large purchases : If you plan to make a large purchase but may need some time to pay it off, a low-interest credit card can be a helpful tool to reduce the risk of accruing hefty interest charges.

Limited rewards : Low-interest cards typically come with limited rewards programs. Credit requirements : The credit scores a consumer may need to qualify for most low-interest cards trend toward good-to-excellent.

Long-term value : While low-interest credit cards are quite helpful in the correct situation, the lack of long-term premium perks and benefits may eventually leave some individuals wanting more. Credit cards with low interest rates can come in handy for people in specific situations.

Consider a low-interest credit card if you find yourself in these scenarios:. The best strategy to avoid interest is to not carry a balance on your credit card, but that might not be possible in every situation.

One advantage of low-interest cards is that if you wind up carrying a balance, the interest could be less costly. A balance transfer could help you save hundreds of dollars that would otherwise have gone toward paying off high-interest credit card debt. Even if the introductory offer is low-interest rather than zero-interest, you'd save money as long as the intro rate is lower than what you're currently paying.

To see what the balance transfer process might look like, you can use Bankrate's Credit Card Balance Transfer Calculator.

In cases where you know you have a large purchase coming up, a low-interest card — or even better, a zero-interest card with a solid introductory offer on purchases — could be a smart choice.

The primary draw for a low-interest credit card is that it could help you save if you have to carry a balance. Credit cards for bad credit often come with high APRs, security deposits and even annual fees. These added costs are to make up for lending to what issuers may consider a risky borrower.

Still unsure if a low-interest credit card is right for you? Check out our Credit Card Spender Type Tool , where you can get personalized credit card recommendations based on your credit score, spending habits and daily needs. Few people actually know the APR on their credit card.

As credit card APRs climb to an all-time high, intentionally picking a card with an interest rate below the current average could give your wallet a bit of a break. However, you could still save more than what you would with a card that has a high interest rate.

If carrying a balance is something you may do regularly, choosing a low-interest card could be key to staving off some of the most expensive interest charges.

People with higher credit scores tend to qualify for lower interest rates on any kind of loan, including credit cards. If your credit is fair or bad, you may not qualify for the most advantageous rates.

Find out what your current score is and check for any issues or errors on your credit report. If your credit needs work, stick to a long-term strategy for improving your credit score. Many of the best low-interest credit cards often skip the extra bells and whistles in favor of keeping costs low and helping you focus on reducing your balance.

But some cards do offer modest perks and rewards programs. A pre-qualified offer involves an initial evaluation before beginning the actual process of applying. With pre-qualification, you won't be subject to a hard inquiry that can temporarily lower your credit score. One of the common misconceptions about credit cards is that they can be dangerous to your financial health.

Low-interest cards are a great way to avoid hefty interest charges. Paying the total of your credit card balance each month allows you to avoid interest charges altogether.

If you find yourself with a balance on one or more credit cards with high interest rates, consider moving that debt to a single low-interest card, if possible.

lf you plan to finance a significant purchase on a credit card , be sure to keep low-interest cards top of mind. You can save on interest and pay less over time with a low-interest card.

To double the benefit, try finding a card with a zero percent intro APR offer to start. Then, if that card has a low ongoing interest rate, you could add even more to your savings potential.

If you're dead set on finding a way to lower your credit card interest rate , contact your issuer. You can call and ask to lower your interest rate or even negotiate a new payment plan entirely. If you've generally been on time with your payments and have been a loyal customer, use those points in making your case.

With the right approach, you could be successful in lowering your rate. There is a strong correlation between the interest rate you are eligible for and your credit score. The higher your credit score is, the better the rate issuers offer you might be.

Even if your credit score is poor, however, you won't be charged any interest if you keep the balance to zero. Most cards will give you a 25 to 30 day grace period. The more you do that, your credit score should rise, so if and when you want a new credit card with a low APR, you will be in a better position to qualify.

The average credit card rate is now well above 20 percent. For consumers with blemished credit history, the rates are typically closer to 30 percent due to the increased risk for the issuer.

Consumers with bad credit will find it difficult to qualify for any unsecured credit card and may have to start with a secured credit card to help build or rebuild positive credit history.

Consumers with bad credit who apply for an unsecured credit card will typically only be approved for sub-prime cards with a low credit limit and high interest rate.

These cards may also carry high fees. Bad credit users should take special care not to carry a balance on the card or use more than one-third of the credit limit at any one time. If you have bad credit, your options for cards might be limited, and your focus should be doing what you can to get your credit score up.

Shop around for the lowest rate you can find. No matter what the interest rate is on the card you do get, the best thing to aim for is to not put more on your card than what you can comfortably pay off every month by your due date.

Frequent on-time payments will help you build your score up to land a lower rate card. We use primary sources to support our work. Fay, B. Accessed on December 7, Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty.

After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty.

Apply for a credit card with confidence. When you find your odds, you get:. A personalized list of cards ranked by likelihood of approval.

No credit hits. Your personal information and data are protected with bit encryption. That means:. All of your personal information is protected with bit encryption. Your financial information, like annual income and employment status, helps us better understand your credit profile and provide more accurate approval odds.

Your financial information, like annual income and employment status, helps us better understand your credit profile. Having a clearer picture of your credit profile will help us ensure that your approval odds are as accurate as possible. Your answer should account for all personal income, including salary, part-time pay, retirement, investments and rental properties.

You do not need to include alimony, child support, or separate maintenance income unless you want to have it considerd as a basis for repaying a loan. Knowing your rent or mortgage payments helps us calculate your debt-to-income ratio DTI which is your monthly debt payments divided by your pre-tax monthly income.

Why does DTI matter? We need the last four digits of your social security number to run a soft credit pull. We need the last four digits of your Social Security number to run a soft credit pull.

This helps us locate your profile and identify cards that you may qualify for. Your information is protected by bit encryption. A soft credit pull will not affect your credit score. Last step! Once you enter your email and agree to terms:. Your approval odds will be calculated. A personalized list of cards ranked by order of approval will appear.

Your odds will display on each card tile. Enter your email address to activate your approval odds and get updates about future card offers.