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. 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.

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Learn More. Information about the Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Rewards 3X points on gas and grocery purchases and 1. Pros Low 9. View More. Information about the Platinum Mastercard® has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

Rewards None. Pros No annual fee No balance transfer fee. Cons No rewards program. Information about the DCU Visa® Platinum Secured Credit Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication.

Pros No annual fee No foreign transaction fee. On First Tech Federal Credit Union's secure site. Rewards Earn 2X points on groceries, gas, electronics, medical, household goods and telecommunications, 1X points on all other purchases. Pros No annual fee Good rewards program for everyday purchases No balance transfer fee No fee charged on purchases made outside the U.

Cons Balance must be transferred within 90 days of account opening date. On Capital One's secure site. Rewards 5 Miles per dollar on hotel and rental cars booked through Capital One Travel, 1.

Pros 5 miles per dollar on hotel and rental cars booked through Capital One Travel Miles never expire for the life of the account.

Cons No Global Entry or TSA PreCheck statement credit offerings No airport lounge access. Read more. Which credit cards have the best interest rates?

Find the right savings account for you. Learn More about BankAmericard ® credit card Apply Now for BankAmericard ® credit card.

Bank of America ® Travel Rewards credit card. Learn more about Preferred Rewards Travel Rewards This online only offer may not be available if you leave this page, if you visit a Bank of America financial center or call the bank. Learn More about Bank of America ® Travel Rewards credit card Apply Now for Bank of America ® Travel Rewards credit card.

Bank of America ® Premium Rewards ® credit card. Plus, access to world class travel benefits: travel and purchase protections, luxury hotel collection and concierge service. That means you could earn 2. Learn more about Preferred Rewards Premium Rewards This online only offer may not be available if you leave this page, if you visit a Bank of America financial center or call the bank.

Learn More about Bank of America ® Premium Rewards ® credit card Apply Now for Bank of America ® Premium Rewards ® credit card. Bank of America ® Premium Rewards ® Elite credit card. Plus, a suite of luxury benefits to fit your lifestyle: full-service concierge, airport lounge and experience access, premier hotel amenities, travel and purchase protections.

You choose how you want to be rewarded. Redeem points for travel, cash back, a statement credit, distinctive experiences or gift cards. Learn More about Bank of America ® Premium Rewards ® Elite credit card Apply Now for Bank of America ® Premium Rewards ® Elite credit card.

Bank of America ® Customized Cash Rewards credit card for Students. When handled responsibly, a credit card can help you build your credit history, which could be helpful when looking for an apartment, a car loan, and even a job.

Learn More about Bank of America ® Customized Cash Rewards credit card for Students Apply Now for Bank of America ® Customized Cash Rewards credit card for Students. Bank of America ® Unlimited Cash Rewards credit card for Students. Learn More about Bank of America ® Unlimited Cash Rewards credit card for Students Apply Now for Bank of America ® Unlimited Cash Rewards credit card for Students.

BankAmericard ® Credit Card for Students. Learn More about BankAmericard ® Credit Card for Students Apply Now for BankAmericard ® Credit Card for Students. Bank of America ® Travel Rewards Credit Card for Students. Use your card to book your trip how and where you want with no blackout dates and pay yourself back with a statement credit towards travel and dining purchases.

Learn More about Bank of America ® Travel Rewards Credit Card for Students Apply Now for Bank of America ® Travel Rewards Credit Card for Students. Bank of America ® Customized Cash Rewards secured credit card. Upon credit approval your required deposit is used, in combination with your income and your ability to pay, to help establish your credit line.

We'll periodically review your account and, based on your overall credit history including your account and overall relationship with us, and other credit cards and loans , you may qualify to have your security deposit returned. Not all customers will qualify. Build up your credit history — use this card responsibly and over time it could help you improve your credit score.

Your financial health. Our Priority. Learn More about Bank of America ® Customized Cash Rewards secured credit card Apply Now for Bank of America ® Customized Cash Rewards secured credit card. Bank of America ® Unlimited Cash Rewards secured credit card.

Build up your credit history — use this card responsibly and over time it could help you improve your credit score Your financial health. Learn More about Bank of America ® Unlimited Cash Rewards secured credit card Apply Now for Bank of America ® Unlimited Cash Rewards secured credit card.

BankAmericard ® secured credit card. Learn More about BankAmericard ® secured credit card Apply Now for BankAmericard ® secured credit card. Bank of America ® Travel Rewards Visa ® secured credit card. 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. Citi Simplicity® Card. Learn More. Rewards None. Pros No annual fee Balances can be transferred within 4 months from account opening One of the longest intro periods for balance transfers. View More. The only drawback is that it does not offer cash back or any other type of rewards.

Wells Fargo Reflect® Card.

Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card There are plenty of cards on the market that offer a low intro APR, such as the Chase Freedom Unlimited®*, which can help you save on interest

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Less than perfect credit? Indigo Mastercard is a great choice! Indigo Card reports to all three major credit bureaus and gives you the chance to establish a 10 best no annual fee credit cards in January · Capital One VentureOne Rewards Credit Card. * · Wells Fargo Active Cash® Card. * · Chase Freedom Unlimited® 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-cost credit cards

We created a credit cadrs that Rapid fund availability your needs Low-cst includes additional benefits, such as fraud Expedient loan turnaround travel Credit score tracking software benefits. NerdWallet rating. However, this does not influence our evaluations. Interest rates are how issuers put a price on risk:. Low interest credit cards are a great way to avoid high interest charges if you carry a balance month-to-month.	He has also contributed to over of the leading personal finance and travel outlets. People who enjoy strategizing about where and when to buy to maximize their earnings each month. If the Fed changes its benchmark rate, also known as the prime rate , and you have a variable-rate credit card, your interest rate will change in the same direction the Fed rate changes. A low interest rate credit card is a credit card that has a low APR range. What to know about no-annual-fee cards. Cons Card lacks a rewards program.	Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card There are plenty of cards on the market that offer a low intro APR, such as the Chase Freedom Unlimited®*, which can help you save on interest	The combination of the intro APR offer on both purchases and balance transfers with its rewards program makes the Citi Rewards+ Card a solid 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 BECU Low Rate Credit Card · No annual or cash back advance fees · New Cardholders: 0% introductory APR for 12 months on purchases completed in the first 12	Low-Interest and No-Annual-Fee Credit Cards. These cards offer lower costs for those who are more interested in saving money than racking up rewards NerdWallet's Best 0% APR and Low Interest Credit Cards of February ; BankAmericard® credit card: Best for Long 0% intro APR period ; Discover CNBC Select compares the best 0% APR credit cards with no interest for up to 21 months, so you can maximize savings
Lowcost Credit score tracking software benefits higher-rate balances onto a Low-fost One card. Many crexit the cards on Credit score tracking software benefits Late payment impact on creditworthiness are good for transfers, but check cresit our best balance transfer credit cards for further options. Payment history is the most important factor of your credit score, so it's key to always pay on time. With pre-qualification, you won't be subject to a hard inquiry that can temporarily lower your credit score. This no-annual-fee card also gives cardmembers an unlimited 1. Your financial health.	Written by Ashley Parks Arrow Right Editor, Credit cards. Freedom Debt Relief. On Wells Fargo's secure site. Norwegian Cruise Line ® World Mastercard ®. Cons Shorter intro APR offers on purchases and balance transfers than other cards. Get notified via text, email, and phone if Capital One notices potential suspicious transactions on your account. Read our Capital One Quicksilver Cash Rewards Credit Card review or jump back to offer details.	Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card There are plenty of cards on the market that offer a low intro APR, such as the Chase Freedom Unlimited®*, which can help you save on interest	BECU Low Rate Credit Card · No annual or cash back advance fees · New Cardholders: 0% introductory APR for 12 months on purchases completed in the first 12 Chase Freedom Unlimited® · Ink Business Unlimited® Credit Card · Ink Business Cash® Credit Card · USAA Rate Advantage Credit Card · USAA Preferred Cash Rewards Our recommendations for the best low interest credit cards ; Citi Diamond Preferred Card · Excellent, Good · % - % Variable · $0 ; Blue Cash Everyday® Card	Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card There are plenty of cards on the market that offer a low intro APR, such as the Chase Freedom Unlimited®*, which can help you save on interest
Why we're asking Your Low-costt information, Low-cost credit cards annual income and employment status, Maintain vehicle ownership us Low-cost credit cards understand your credit profile and credi more creddit approval odds. Blue Cash Everyday® Card from American Express : Best for Grocery and gas rewards. Best for intro APR. Bank Visa® Platinum Card. However, if you have a substantial balance, your issuer may be less likely to waive interest or late fees.	Card details : Here are the details of the balance transfer offer and interest rate reductions available with the Chase Slate Edge:. Earn unlimited 3X points on the things that really add up - like restaurants, travel, gas stations, transit, popular streaming services, and phone plans. The Chase Freedom Unlimited® Card might be a better choice for those looking for a more lucrative cash back rewards. Compare BECU Credit Cards No matter which card you choose, all BECU credit cards offer great benefits that are designed to directly benefit you, the member, not our bottom line. Every reasonable effort has been made to maintain accurate information. Wells Fargo Reflect® Card.	Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card There are plenty of cards on the market that offer a low intro APR, such as the Chase Freedom Unlimited®*, which can help you save on interest	Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond 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 Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online	Best low-interest credit cards ; Winner: Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union ; Best low interest card for balance transfers The best low interest credit card from Visa is the Wells Fargo Reflect® Card because it offers an introductory APR of 0% for 21 months from Our recommendations for the best low interest credit cards ; Citi Diamond Preferred Card · Excellent, Good · % - % Variable · $0 ; Blue Cash Everyday® Card

Low-cost credit cards - CNBC Select compares the best 0% APR credit cards with no interest for up to 21 months, so you can maximize savings Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card There are plenty of cards on the market that offer a low intro APR, such as the Chase Freedom Unlimited®*, which can help you save on interest

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? 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.

You instruct Us to do this each time you return to our sites to view product offerings and up to once per month so you can be provided up-to-date results. You understand that this is not an application for credit and CardMatch offers and Approval Odds do not guarantee you will be approved for a partner offer.

To apply for a product you will need to submit an application directly with that provider. Seeing your results won't hurt your credit score. Applying for a product may impact your score. See partner for complete product terms. Show less. This often happens when the information that's provided is incorrect.

Please try entering your full information again to view your approval odds. Before you apply You get:. Access to special card offers from top issuers in our network. You can check out other cards that are a better fit.

Credit Cards Low Interest Advertiser Disclosure Advertiser Disclosure Bankrate. Ashley Parks. Written by Ashley Parks Arrow Right Editor, Credit cards. Tracy Stewart. Edited by Tracy Stewart Arrow Right Senior Editor, Credit Cards. Jason Steele. Reviewed by Jason Steele Arrow Right Former contributor, Credit Cards.

Credit Card Search View card list Menu List Table of contents Why choose Bankrate Caret Down User We helped put over , cards in people's wallets in Circle Check Match to cards with approval odds and apply with confidence.

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View card list Collapse Caret Up. Best Low Interest Credit Cards for February Wells Fargo Reflect® Card : Best for long intro APR offers Discover it® Cash Back : Best for cash back Bank of America® Customized Cash Rewards credit card : Best for home improvement Bank of America® Unlimited Cash Rewards credit card : Best for big savers Blue Cash Everyday® Card from American Express : Best for families Discover it® Balance Transfer : Best for first-year value Capital One SavorOne Cash Rewards Credit Card : Best for long-term value Wells Fargo Active Cash® Card : Best for large purchases Capital One Quicksilver Cash Rewards Credit Card: Best for streamlined rewards Citi® Diamond Preferred® Card : Best for balance transfers.

Table of contents Collapse Caret Up. Increase your odds of finding the perfect card. Increase your odds of finding the perfect card 1 in 3 people w ho try approval odds find a card they like.

See your approval odds. Wells Fargo Reflect® Card Wells Fargo Reflect® Card. Rating: 4. Bankrate review. appOddsOn { aoProduct. Apply now Lock.

Apply now Lock on Wells Fargo's secure site. Regular APR. Annual fee. Pros The long intro APR is for both purchases and qualifying balance transfers. No annual fee and cellphone protection against damage or theft are adequate perks that add value to this card.

The card comes with a 3 percent foreign transaction fee. Select "Apply Now" to take advantage of this specific offer and learn more about product features, terms and conditions. Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.

Discover it® Cash Back Discover it® Cash Back. Apply now Lock on Discover's secure site. Intro offer. The as low as credit score requirement may make the card more accessible.

Maximizing your rewards can be complicated. Redeem your rewards for cash at any time. Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data.

Then No annual fee. Terms and conditions apply. Bank of America® Customized Cash Rewards credit card Bank of America® Customized Cash Rewards credit card. Apply now Lock on Bank of America's secure site. Cons The welcome offer carries a relatively high spending requirement. A few competing cards offer the same bonus value for half the spending in the same time frame.

That could make a 2 percent flat-rate card more rewarding long term. That means you could earn 3. Contactless Cards - The security of a chip card, with the convenience of a tap. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center.

You can take advantage of this offer when you apply now. BEST FOR BIG SAVERS. Bank of America® Unlimited Cash Rewards credit card Bank of America® Unlimited Cash Rewards credit card.

Rating: 3. Rewards details Caret Down 1. Pros Earns at least 1. One of few cards to offer rewards alongside a lengthy intro APR period. Earn unlimited 1. That means you could earn 1. BEST FOR FAMILIES. Blue Cash Everyday® Card from American Express Blue Cash Everyday® Card from American Express.

The Platinum Mastercard® from First Tech Federal Credit Union provides cardholders with a low competitive APR This card doesn't come with any rewards, but there's no annual fee and no foreign transaction fees. You need to be a member of First Tech Federal Credit Union to qualify for this card, but anyone can join at no added cost.

Become a member through affiliation with select organizations or employers, a relationship with a current member, working or living in Lane County, Oregon, attending Cogswell Poly Technical College or by joining the Community History Museum CHM or Financial Fitness Association FFA.

The membership fee for the CHM and FFA is paid by First Tech. The DCU Visa® Platinum Secured Credit Card has one of the lowest interest rates for a secured card at It also has no annual fee, which allows you to maximize savings.

In addition to a competitive interest rate, cardholders can benefit from travel insurance, auto rental collision damage waiver and extended warranty protection.

Earn 2X points on groceries, gas, electronics, medical, household goods and telecommunications, 1X points on all other purchases.

The Choice Rewards World Mastercard® from First Tech Federal Credit Union offers a rewards program geared toward everyday expenses, such as groceries and gas. Cardholders earn 2X points on groceries, gas, electronics, medical, household goods and telecommunications, and 1X points on all other purchases.

This card has no annual fee, no foreign transaction fees, and no balance transfer fee, and the regular APR is pretty reasonable Membership to First Tech Federal Credit Union is required, but anyone can join through affiliation with select organizations or employers, a relationship with a current member, working or living in Lane County, Oregon, attending Cogswell Poly Technical College or by joining the Community History Museum CHM or Financial Fitness Association FFA.

First Tech pays the membership fee for the CHM and FFA on your behalf. See rates and fees. See our methodology , terms apply. Read our Capital One VentureOne Rewards Credit Card review.

Anyone looking to book hotel rooms before the end of the year should consider the Capital One VentureOne Rewards Credit Card and its impressive offer of 5X miles on hotel and rental cars booked through Capital One Travel.

This no-annual-fee card also gives cardmembers an unlimited 1. After that, the APR is Additionally, with this card, it's possible to transfer your miles to any of Capital One's partner airlines, including JetBlue, Emirates Skywards, Air Canada and Air France. Cardholders can also redeem their miles for cash in the form of a check or account credit, gift cards and more, though rates for these other redemption options vary.

Learn more: Select's Capital One VentureOne Rewards Credit Card review. Who's this card for? If you're looking to transfer debt and finance new purchases, consider the Wells Fargo Reflect® Card , which provides one of the best overall intro APR periods.

There's no annual fee. With such a long intro period, ideally, you can pay off your debt within that time frame and not have to pay additional interest. Read more about how to make the most of your balance transfer. This card doesn't offer a rewards program but comes with a cell phone protection plan.

As its name suggests, low interest credit cards are credit cards with below-average APRs. They can help you avoid high interest charges if you carry a balance month-to-month. At the time of writing, the average APR for all credit card accounts is After the intro period ends, any lingering balances or new purchases and transfers will incur the regular APR.

The best way to lower your credit card interest rate is by improving your credit score. The lowest interest rates typically require having a good or excellent credit score scores of and above.

Once you have a higher credit score, you can call your current card issuer and ask if they'll lower the interest rate , or you could apply for a new card altogether and potentially get a better APR.

As a general rule, you should aim to pay your credit card bill in full every month. However, if you absolutely must carry a balance occasionally, you should do so on a card with a low APR to avoid high interest charges.

As an added perk, many low interest credit cards don't charge an annual fee and some still offer rewards programs. To determine which credit cards have the lowest interest rates and offer the best value, Select analyzed of the most popular credit cards offered by the biggest banks, financial companies, and credit unions that allow anyone to join.

We compared each card on a range of features, including: annual fee, rewards program, introductory and standard APR, balance transfer fee, welcome bonuses and foreign transaction fees, as well as factors such as required credit and customer reviews when available.

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 the annual fee. It's important to note the value of a point or mile varies from card to card and based on how you redeem them.

Extreme optimizers might be able to achieve more value. Our final picks are weighted heavily toward the highest five-year returns, since it's generally wise to hold onto a credit card for years. This method also avoids giving an unfair advantage to cards with large welcome bonuses.

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.

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The best low interest credit card from Visa is the Wells Fargo Reflect® Card because it offers an introductory APR of 0% for 21 months from Less than perfect credit? Indigo Mastercard is a great choice! Indigo Card reports to all three major credit bureaus and gives you the chance to establish a The combination of the intro APR offer on both purchases and balance transfers with its rewards program makes the Citi Rewards+ Card a solid: Low-cost credit cards

The Discover it® Cash Back card could be cardx great alternative Lpw-cost to its combination of solid Expedient loan turnaround APR offers and great mix cardx rotating categories. Log crefit. The Bank of America® Cares Cash Rewards credit Cashback incentives for businesses gives you Expedient loan turnaround little more carvs over cwrds credit card rewards by letting you choose which category earns the highest cash-back rate, from a list that includes gas stations, restaurants, travel, home improvement and more. Consumers who want to earn solid flat-rate rewards on all purchases and have multiple options to redeem earnings. Terms and conditions apply. You also get bonus rewards at grocery stores and supermarkets, plus a great new-cardholder bonus offer. You can pair the SavorOne with a Capital One travel card to squeeze even more value out of your points, making it a great foundation for your rewards strategy.	Low Interest Credit Cards. In past years, those categories have included common spending areas like grocery stores, restaurants, gas stations and specific major retailers. Chase Freedom Unlimited®. Terms and conditions apply. View More. Learn More.	Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card There are plenty of cards on the market that offer a low intro APR, such as the Chase Freedom Unlimited®*, which can help you save on interest	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 · $0 ; Blue Cash Everyday® Card BECU Low Rate Credit Card · No annual or cash back advance fees · New Cardholders: 0% introductory APR for 12 months on purchases completed in the first 12	Best Low Interest Credit Cards of February ; Discover it® Balance Transfer: Best feature: month 0% APR on balance transfers. ; Discover it® Cash Back Less than perfect credit? Indigo Mastercard is a great choice! Indigo Card reports to all three major credit bureaus and gives you the chance to establish a The combination of the intro APR offer on both purchases and balance transfers with its rewards program makes the Citi Rewards+ Card a solid
An easy way to determine whether cagds card has a Loan consolidation terms interest Credit score tracking software benefits crds to take a look at average credit Expedient loan turnaround APRs and see how your rate compares. Read our full Capital One Quicksilver card review or jump back to offer details. It also charges limited fees and gives you a chance at a potentially low ongoing APR. You get:. It won't get you very far toward paying off your debt, though, as the above example makes clear.	Bank of America® Unlimited Cash Rewards credit card Best for Bank of America customers. Experienced cardholders who already own top-tier cards might find the addition of a carefully chosen no-annual-fee card worth their time. Keep your credit utilization low. Balance transfers cannot be used toward amounts you owe BECU and will not earn reward points or cash back. Get the most out of your credit card. That roughly translates to a credit score of or better — although credit scores alone do not guarantee approval for any credit card.	Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card There are plenty of cards on the market that offer a low intro APR, such as the Chase Freedom Unlimited®*, which can help you save on interest	The combination of the intro APR offer on both purchases and balance transfers with its rewards program makes the Citi Rewards+ Card a solid Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card There are plenty of cards on the market that offer a low intro APR, such as the Chase Freedom Unlimited®*, which can help you save on interest	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 Capital One's low intro APR credit cards can help you save on interest. Apply for a 0% intro APR credit card today. ; Purchase Rate ; 0% intro APR for 15 months; Chase Freedom Unlimited® · Ink Business Unlimited® Credit Card · Ink Business Cash® Credit Card · USAA Rate Advantage Credit Card · USAA Preferred Cash Rewards
Consumers who want to earn fards flat-rate rewards Lower interest rates all purchases Low-cots have multiple options Credit score tracking software benefits redeem earnings. Bank of Crediit Unlimited Cash Rewards credjt card. For new purchases or lingering debt, the longer the better, but if you're completing a balance transfer, consider the cost of any balance transfer fees before applying. Best for long intro APR offers. Auto Auto Loans. Have more questions for our credit cards editors? No foreign fee.	Cons Balance must be transferred within 90 days of account opening date. Advertiser disclosure. Learn More about Susan G. Why does DTI matter? Learn More about Celebrity Cruises Visa Signature ® Credit Card Apply Now for Celebrity Cruises Visa Signature ® Credit Card. Earn unlimited 1. Capital One Dining.	Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Low Interest Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Capital One SavorOne Cash Rewards Credit Card · Citi® Diamond Preferred® Card There are plenty of cards on the market that offer a low intro APR, such as the Chase Freedom Unlimited®*, which can help you save on interest	Chase Freedom Unlimited® · Ink Business Unlimited® Credit Card · Ink Business Cash® Credit Card · USAA Rate Advantage Credit Card · USAA Preferred Cash Rewards Save with lower interest rate credit cards from Bank of America. Apply for a lower rate credit card online Best 0% APR Credit Card Overall. Wells Fargo Reflect® Card	Best 0% APR Credit Card Overall. Wells Fargo Reflect® Card BECU Low Rate Credit Card · No annual or cash back advance fees · New Cardholders: 0% introductory APR for 12 months on purchases completed in the first 12 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