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. The BankAmericard® credit card isn't flashy, nor does it aim to be. And that's about it. Read our review. You'll be hard-pressed to find a longer interest-free promotion, and it applies to both purchases and balance transfers.

Bank Visa® Platinum Card a NerdWallet favorite. Our pick for: Travel rewards. One of the best no-annual-fee travel cards available, the Bank of America® Travel Rewards credit card gives you a solid rewards rate on every purchase, with points that can be redeemed for any travel purchase, without the restrictions of branded airline and hotel cards.

Bank of America® has an expansive definition of "travel," too, giving you additional flexibility in how you use your rewards. Our pick for: Ongoing cash back. The Chase Freedom Unlimited® was already a fine card when it offered 1. Now it's even better, with bonus rewards on travel booked through Chase, as well as at restaurants and drugstores.

Our pick for: B onus category cash back. And unlike with its competitors, there's no activation schedule or bonus calendar to keep track of.

Our pick for: Highest flat-rate cash back. Among flat-rate cash-back cards, you'll be hard-pressed to beat the Wells Fargo Active Cash® Card.

Our pick for: Flat-rate cash back. The original 1. The Bank of America® Unlimited Cash Rewards credit card is one of many 1. It comes with a decent sign-up bonus, a generous intro APR period, and the potential to supercharge your earnings through the Bank of America Preferred Rewards® program.

Our pick for: G rocery and gas rewards. The Blue Cash Everyday® Card from American Express pays elevated rewards at U. supermarkets, at U. gas stations and on U. online retail purchases. The rewards might not be as rich as on the Blue Cash Preferred® Card from American Express, but this card doesn't charge an annual fee either.

Category activation can be a hassle, but if your spending matches the categories — and for a lot of people, it will — you can rack up hundreds of dollars a year.

The Discover it® Cash Back earns bonus cash back in quarterly categories that you activate. In past years, those categories have included common spending areas like grocery stores, restaurants, gas stations and specific major retailers.

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. You also get the issuer's signature "cash-back match" bonus in your first year.

Our pick for: Customizable cash back. The Bank of America® Customized Cash Rewards credit card gives you a little more control over your 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.

You also get bonus rewards at grocery stores and supermarkets, plus a great new-cardholder bonus offer. By Funto Omojola , NerdWallet. The annual percentage rate, or APR, is the interest rate your credit card issuer charges on any debt you carry on your card.

Some cards charge a single rate for all debt on the card; others charge different rates for different kinds of debt purchases, cash advances, etc. APRs are listed on your monthly credit card statement. That zero percent rate may apply to purchases, balance transfers or both, but it doesn't usually apply to cash advances.

Issuers commonly set their rates at a certain number of percentage points above the prime rate, which is the rate big banks charge their best customers. Although interest rates are expressed in annual terms, they're usually charged on a daily basis.

An annual rate of That doesn't seem like much but over the course of a month and a year, it really adds up. Most credit cards offer a "grace period" that allows you to avoid paying any interest at all.

If you pay your balance in full each month, then you will not owe any interest on your purchases. If you carry debt over from month to month, then interest will start accruing on purchases as soon as they're posted to your account. If you're what the credit card industry refers to as a "transactor" — someone who uses their card for convenience and rewards and pays the bill in full every month — then your APR is pretty much irrelevant, because you'll never pay a dime in interest.

On the other hand, if you're a "revolver" — someone who uses cards to float purchases they can't pay off all at once and carries debt from month to month — then your APR is very important, because it dictates how much you pay in interest.

When you're talking about credit cards, there is no difference between your interest rate and APR. They're the same thing. That leads to another question: Why do credit card issuers refer to it as the "APR" rather than the interest rate?

Mostly because federal truth-in-lending laws require it. With some financial products, such as mortgages, the APR can be significantly different from the stated interest rate. Those other charges are not included in the credit card APR calculation, in large part because issuers cannot predict who will have to pay them or how much they will pay.

And as discussed above, if you pay your bill in full every month, you won't pay any interest at all, so the stated APR on your account isn't even charged to you. Once that introductory period runs out, interest will be charged at the ongoing APR — but only on your balance going forward.

There is no "retroactive" interest. Zero-percent periods on credit cards are different from the "no interest for 12 months" offers you see in stores.

Those are what's known as "deferred interest. If you have any balance remaining at the end of the period, you will be charged interest on your whole purchase, going all the way back to the time of purchase. That could cost you hundreds of dollars. Purchase APR. This is the rate your card charges when you pay for things with the card.

Most credit cards offer a grace period: If you pay your balance in full every month, you won't have to pay interest on purchases. If you roll over debt from one month to the next, then interest will start adding up on a purchase as soon as you make it.

Balance transfer APR. This is the rate on debt that you've moved to the card from somewhere else. Cash advance APR. This is the rate charged when you use your credit card to get cash from an ATM.

Interest usually starts adding up on cash advances immediately. Grace periods don't apply. Introductory APR. Sometimes called a "teaser rate" this is a low interest rate offered when you first open your account.

Ongoing APR. This is the "regular" rate that goes into effect once any introductory APR period expires. Variable APR.

Most credit card interest rates are tied to the prime rate. When the prime rate goes up or down , your credit card's interest rate will usually go up or down an equal amount. Credit card issuers are required by law to clearly state the interest rate on a credit card before you apply.

You can find the interest rate or rates charged by a card in its "terms and conditions sometimes referred to as the fine print. American Express Cards With No Annual Fee. Find the right card for your situation. by Paul Soucy , Kenley Young. by Melissa Lambarena , Caitlin Mims. by Sara Rathner.

USAA Rate Advantage Review: An Extra-Low APR for a Select Few. by Melissa Lambarena , Robin Saks Frankel. The latest. How to Optimize Chase Freedom Flex, Discover it Cash Back for Q4 by Craig Joseph. A Credit-Building Road With Alternative Cards Could Be Bumpy. by Melissa Lambarena.

TD Bank Launches 2 New Cards, Enhances Existing Cash-Back Cards.

Chase Freedom Flex℠: Best for Bonus category cash back We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Comparing Two Low-Interest-Rate Credit Cards · 0% introductory APR: 15 months for purchases and balance transfers. · Regular APR: % to % variable APR

Reduced APR credit cards - Citi Custom Cash® Card: Best for Bonus category cash back Chase Freedom Flex℠: Best for Bonus category cash back We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Comparing Two Low-Interest-Rate Credit Cards · 0% introductory APR: 15 months for purchases and balance transfers. · Regular APR: % to % variable APR

The Bank of America® Unlimited Cash Rewards credit card is one of many 1. It comes with a decent sign-up bonus, a generous intro APR period, and the potential to supercharge your earnings through the Bank of America Preferred Rewards® program.

Our pick for: G rocery and gas rewards. The Blue Cash Everyday® Card from American Express pays elevated rewards at U. supermarkets, at U. gas stations and on U. online retail purchases.

The rewards might not be as rich as on the Blue Cash Preferred® Card from American Express, but this card doesn't charge an annual fee either.

Category activation can be a hassle, but if your spending matches the categories — and for a lot of people, it will — you can rack up hundreds of dollars a year.

The Discover it® Cash Back earns bonus cash back in quarterly categories that you activate. In past years, those categories have included common spending areas like grocery stores, restaurants, gas stations and specific major retailers.

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. You also get the issuer's signature "cash-back match" bonus in your first year.

Our pick for: Customizable cash back. The Bank of America® Customized Cash Rewards credit card gives you a little more control over your 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.

You also get bonus rewards at grocery stores and supermarkets, plus a great new-cardholder bonus offer. By Funto Omojola , NerdWallet.

The annual percentage rate, or APR, is the interest rate your credit card issuer charges on any debt you carry on your card. Some cards charge a single rate for all debt on the card; others charge different rates for different kinds of debt purchases, cash advances, etc.

APRs are listed on your monthly credit card statement. That zero percent rate may apply to purchases, balance transfers or both, but it doesn't usually apply to cash advances. Issuers commonly set their rates at a certain number of percentage points above the prime rate, which is the rate big banks charge their best customers.

Although interest rates are expressed in annual terms, they're usually charged on a daily basis. An annual rate of That doesn't seem like much but over the course of a month and a year, it really adds up. Most credit cards offer a "grace period" that allows you to avoid paying any interest at all.

If you pay your balance in full each month, then you will not owe any interest on your purchases. If you carry debt over from month to month, then interest will start accruing on purchases as soon as they're posted to your account.

If you're what the credit card industry refers to as a "transactor" — someone who uses their card for convenience and rewards and pays the bill in full every month — then your APR is pretty much irrelevant, because you'll never pay a dime in interest.

On the other hand, if you're a "revolver" — someone who uses cards to float purchases they can't pay off all at once and carries debt from month to month — then your APR is very important, because it dictates how much you pay in interest.

When you're talking about credit cards, there is no difference between your interest rate and APR. They're the same thing.

That leads to another question: Why do credit card issuers refer to it as the "APR" rather than the interest rate? Mostly because federal truth-in-lending laws require it. With some financial products, such as mortgages, the APR can be significantly different from the stated interest rate.

Those other charges are not included in the credit card APR calculation, in large part because issuers cannot predict who will have to pay them or how much they will pay. And as discussed above, if you pay your bill in full every month, you won't pay any interest at all, so the stated APR on your account isn't even charged to you.

Once that introductory period runs out, interest will be charged at the ongoing APR — but only on your balance going forward. There is no "retroactive" interest. Zero-percent periods on credit cards are different from the "no interest for 12 months" offers you see in stores. Those are what's known as "deferred interest.

If you have any balance remaining at the end of the period, you will be charged interest on your whole purchase, going all the way back to the time of purchase. That could cost you hundreds of dollars. Purchase APR. This is the rate your card charges when you pay for things with the card.

Most credit cards offer a grace period: If you pay your balance in full every month, you won't have to pay interest on purchases.

If you roll over debt from one month to the next, then interest will start adding up on a purchase as soon as you make it.

Balance transfer APR. This is the rate on debt that you've moved to the card from somewhere else. Cash advance APR. This is the rate charged when you use your credit card to get cash from an ATM.

Interest usually starts adding up on cash advances immediately. Grace periods don't apply. Introductory APR. Sometimes called a "teaser rate" this is a low interest rate offered when you first open your account. Ongoing APR. This is the "regular" rate that goes into effect once any introductory APR period expires.

Variable APR. Most credit card interest rates are tied to the prime rate. When the prime rate goes up or down , your credit card's interest rate will usually go up or down an equal amount. Credit card issuers are required by law to clearly state the interest rate on a credit card before you apply.

You can find the interest rate or rates charged by a card in its "terms and conditions sometimes referred to as the fine print. When looking at a card online, look for a link that says something like "See terms and fees" or "View rates and fees" or "Offer details.

With some cards, everyone has the same APR. This is common especially with cards for people with bad credit in which the rate is very high or super-low-interest cards for people with good credit. Many cards charge a range of APRs. It's common to see a card saying it charges something like " See below for how your credit score affects your interest rate.

Rewards cards tend to charge higher APRs. Cash-back and travel-rewards programs are expensive, and one of the ways credit card issuers pay for them is by charging higher interest rates on balances on rewards cards.

The interest rate you pay on your credit card is heavily dependent on your credit history, which is summed up in your credit scores. Interest rates are how issuers put a price on risk:. When you have a low credit score, lenders see a higher risk in lending you money.

As a result, the interest rate charged by your credit card will be higher. When you have a high credit score, the risk is lower that you wont repay borrowed money. So the interest rate on your credit card will be lower. If a card advertises a range of APRs, a lower score will put you toward the higher end of that range or you might not qualify for a card at all , while a high score will put you on the lower end of the range.

As a very general rule of thumb:. As with most financial products, the best interest rates on credit cards are available to those with the strongest credit profiles.

Improving your credit is the first step toward improving your rate. Steps to take:. Know your credit score. You can get free access to your score through NerdWallet. Get your free score here.

This applies not only to credit cards, loans and other lines of credit, but also to utility bills and other accounts. Unpaid bills that that go into collections can seriously hurt your credit. Keep your credit utilization low. Limit your credit applications.

New accounts lower the average age of your open lines of credit, which makes up part of your credit score. Multiple credit inquiries from applications can also ding your score.

Keep accounts open. Unless a card has an annual fee, keep it open and active, even if for only one bill a month. This will help both your credit utilization and the length of your credit history. Check each of your credit reports each year for errors and discrepancies. A higher APR costs you money in two ways:.

First, obviously, it increases the amount of interest charged on your purchases. Second, because you are paying more in interest, you have less money available to pay down the principal — the debt you actually put on the card.

That means you could stay in debt and pay interest for a longer time. Let's walk through an example and see how a higher APR affects you at every turn.

The minimum payment on a credit card is typically made up of all the accrued interest, plus any fees, plus a percentage of the principal the money you actually spent on the card.

In this case, let's say that percentage is 1. That's more than the minimum and paying more than the minimum is always good , but it's not enough to cover their debt entirely. This is a common way people use credit cards — they're "revolvers" who pay down slowly over time.

For each cardholder, the interest charges will shrink each month as they pay down the principal. But the one with the lower APR will get out of debt more quickly and pay less in interest:.

As discussed, you can avoid interest entirely by paying your balance in full every month. But that's not always possible for everyone. Sometimes carrying a balance is unavoidable. Here are some options. The minimum payment shown on your billing statement is the absolute least you can pay without incurring a penalty.

It won't get you very far toward paying off your debt, though, as the above example makes clear. To see real interest savings, you need to pay interest on less money , and that means attacking the principal by paying more than the minimum.

We've created a calculator to help you see how much you could save in interest by paying down your credit card balance. See the calculator here. This may be an option if your credit score has improved considerably since you opened the account. The issuer might knock some points off your rate, or move your account to a card with a lower rate.

You issuer might say no to your request, but you don't know unless you ask. If you find you're consistently carrying a balance a from month to month, look for a card with a low ongoing interest rate. Many of the cards on this list are good for transfers, but check out our best balance transfer credit cards for further options.

Once you've decided what type of card to look for, compare cards based on the following factors. American Express Cards With No Annual Fee. Find the right card for your situation. by Paul Soucy , Kenley Young. by Melissa Lambarena , Caitlin Mims. by Sara Rathner. USAA Rate Advantage Review: An Extra-Low APR for a Select Few.

by Melissa Lambarena , Robin Saks Frankel. The latest. How to Optimize Chase Freedom Flex, Discover it Cash Back for Q4 by Craig Joseph. A Credit-Building Road With Alternative Cards Could Be Bumpy.

by Melissa Lambarena. TD Bank Launches 2 New Cards, Enhances Existing Cash-Back Cards. When Is the Best Time to Apply for a New Credit Card? Credit Card Interest Calculator. by Paul Soucy. How to Avoid Credit Card Interest — or at Least Reduce It.

Disability and Credit Access: Why Scores Are Key in a Crisis. by Caitlin Mims. by Gregory Karp.

Reduced APR credit cards - Citi Custom Cash® Card: Best for Bonus category cash back Chase Freedom Flex℠: Best for Bonus category cash back We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Comparing Two Low-Interest-Rate Credit Cards · 0% introductory APR: 15 months for purchases and balance transfers. · Regular APR: % to % variable APR

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Details The U. Why We Like It Despite its lack of a rewards program, the U. SA First Year Rewards. After that, depending on creditworthiness, your APR will be a variable Bank Visa Platinum Card Terms Apply Flexibility to choose a payment due date that fits your bill payment schedule There is no annual fee Terms and conditions apply.

Show More Details. Discover it® Cash Back Card Read more. More Details Intro Offer: Unlimited Cashback Match- only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year!

There's no minimum spending or maximum rewards. Just a dollar-for-dollar match. Redeem cash back any amount, any time. Rewards never expire. Use your rewards at Amazon.

com checkout. Get an alert if we find your Social Security number on any of thousands of Dark Web sites. No annual fee. PenFed Gold Visa Card Learn More. Details The PenFed Gold Visa Card is the only card on our list with a low variable purchase APR, which currently stands at 7.

The APR for the unpaid balance and any new balance transfers following that will be If you take advantage of the balance transfer offer, you will be charged interest on all purchases made with your card unless you pay off your entire balance, including balance transfers, in full each month by your payment due date.

No foreign transaction fees, no cash advance fees and there is no annual fee Rate and offers current but are subject to change. See credit card agreement for terms EMV chip for security. Citi® Double Cash Card - 18 month BT offer Learn More.

Afterward, the ongoing variable APR will be The Blue Business® Plus Credit Card from American Express Learn More. Details The Blue Business® Plus Credit Card from American Express is a fantastic option for businesses that are trying to keep their credit card bills low.

Points don't expire as long as your account is open and in good standing Flexibility to buy above your credit limit and earn additional points. Credit limit adjusts with your payment history, credit record, use of the card, financial resources disclosed to American Express, and other factors.

After that, you will receive a variable APR of There is a 2. Frequently Asked Questions: 1. What kind of fees should I look out for? Photo credits: ©iStock. Credit Score. Intro Offer. Recommended Credit. Pros Check mark icon A check mark.

It indicates a confirmation of your intended interaction. Extra-long intro APR on purchases and qualifying balance transfers Check mark icon A check mark. No annual fee Check mark icon A check mark. Cell phone protection.

Cons con icon Two crossed lines that form an 'X'. No rewards con icon Two crossed lines that form an 'X'. Foreign transaction fees. Wells Fargo Reflect Card review External link Arrow An arrow icon, indicating this redirects the user. Product Details 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.

Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. Best for late payment forgiveness. Citi Simplicity® Card. Offers one of the longest intro APR periods for balance transfers 21 months Check mark icon A check mark. No late fees or penalty APR for late payments.

Higher balance transfer fee than some other cards con icon Two crossed lines that form an 'X'. Doesn't offer rewards, so you may want to upgrade to another card once you're done paying off your debt.

Citi Simplicity Card review External link Arrow An arrow icon, indicating this redirects the user. Best for groceries, gas, and online shopping. Blue Cash Everyday® Card from American Express. supermarkets, U. online retail purchases, and at U. Good bonus cash-back rate at US supermarkets Check mark icon A check mark.

No annual fee. Amex Blue Cash Everyday Card review External link Arrow An arrow icon, indicating this redirects the user. No Annual Fee. Balance Transfer is back! After that, Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.

com checkout. Enrollment required. Terms Apply. Best for earning flexible rewards on everyday spending. Chase Freedom Unlimited®. On Chase's website. Intro Offer Info icon Earn an additional 1. Solid flat cash-back rate Check mark icon A check mark. You can combine cash-back rewards with Ultimate Rewards points if you have an eligible card Check mark icon A check mark.

Some other cards offer a higher rate of cash back on certain types of purchases. Chase Freedom Unlimited review External link Arrow An arrow icon, indicating this redirects the user. Product Details INTRO OFFER: Earn an additional 1. Enjoy 6. No minimum to redeem for cash back.

You can choose to receive a statement credit or direct deposit into most U. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!

No annual fee — You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.

Member FDIC. Best for rotating bonus categories and flexible redemptions. Generous bonus cash-back categories Check mark icon A check mark.

Great welcome bonus. Booking through Chase Ultimate Rewards portal can restrict outside earning potential con icon Two crossed lines that form an 'X'. Varying percentages and rotating calendar categories require extra attention con icon Two crossed lines that form an 'X'.

Chase Freedom Flex review External link Arrow An arrow icon, indicating this redirects the user. Best for customizing cash-back bonus categories. Bank of America® Customized Cash Rewards Credit Card. Learn more On CardRatings. com's website. Bank of America® Customized Cash Rewards Credit Card review External link Arrow An arrow icon, indicating this redirects the user.

That means you could earn 3. No annual fee and cash rewards don't expire as long as your account remains open. After the Intro APR offer ends, a Variable APR that's currently 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 strong flat-rate cash back earning. Citi® Double Cash Card. Recommended Credit Info icon Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application. Simple earning structure without confusing bonus categories.

Some cards earn higher rates of cash back on rotating categories con icon Two crossed lines that form an 'X'. While it has an introductory APR offer, that's only on balance transfers, not purchases, so you can't use it to fund a major expense without interest.

Citi Double Cash Card review External link Arrow An arrow icon, indicating this redirects the user. Best for automatically maximizing rewards. Generous welcome offer for a no-annual-fee card Check mark icon A check mark.

No rotating bonus categories to sign up for or track Check mark icon A check mark. Redeem for cash back, travel, gift cards, and more. Citi Custom Cash Card review External link Arrow An arrow icon, indicating this redirects the user.

Best for rotating cash-back bonus categories. Discover it® Balance Transfer. Discover will automatically match all the cash back you've earned at the end of your first year. Generous introductory APR on balance transfers for the first 18 month. No traditional welcome bonus con icon Two crossed lines that form an 'X'.

Discover it Balance Transfer review External link Arrow An arrow icon, indicating this redirects the user. Product Details Intro Offer: Unlimited Cashback Match for all new cardmembers — only from Discover.

Redeem your rewards for cash at any time. Your account may not always be eligible for balance transfers. 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.

Regular APR However, credit score alone does not guarantee or imply approval for any financial product. Citi® Diamond Preferred® Card. After that the variable APR will be Balance transfers must be completed within 4 months of account opening.

With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more. Show more Show less. Capital One SavorOne Cash Rewards Credit Card.

0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Capital One's low intro APR credit cards can help you save on interest. Apply for a 0% intro APR credit card today: Reduced APR credit cards

Subject to credit approval. Grace periods don't apply. Doing so helps carde credit score. Of course, if you're only interested in purchases rather than transfers, this fee is irrelevant. Why We Like It Despite its lack of a rewards program, the U.	See your approval odds. appOddsOn { aoProduct. Your financial information, like annual income and employment status, helps us better understand your credit profile. supermarkets, U. Rewards details Caret Down 1. Apply now Lock on Citi's secure site. Do you want long-term value?	Chase Freedom Flex℠: Best for Bonus category cash back We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Comparing Two Low-Interest-Rate Credit Cards · 0% introductory APR: 15 months for purchases and balance transfers. · Regular APR: % to % variable APR	0% APR Credit Cards · Capital One Quicksilver Cash Rewards Credit Card · Citi® Diamond Preferred® Card · Capital One SavorOne Cash Rewards Credit Card · GM Business We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Capital One's low intro APR credit cards can help you save on interest. Apply for a 0% intro APR credit card today	BankAmericard® credit card: Best for Long 0% intro APR period Discover it® Cash Back: Best for Bonus category cash back Citi Custom Cash® Card: Best for Bonus category cash back
See pricing and cdedit for details. A few Reduced APR credit cards charge no transfer Reduded. First, obviously, it increases credlt amount of interest charged on your purchases. Written Reduced APR credit cards Holly D. No annual fee. Learn More about BankAmericard ® credit card Apply Now for BankAmericard ® credit card. While there are no guarantees, a bank is more likely to give you a break on interest or offer you a promotional rate if you have a history of on-time payments and a strong credit score.	See your approval odds. Ask if you qualify for a lower rate. Best for long intro APR offers. Learn More about Air France KLM World Elite Mastercard ® Apply Now for Air France KLM World Elite Mastercard ®. Best for automatically maximizing rewards. The exponential growth of an account balance quickly causes purchases we thought we'd easily pay off over a few months to grow into something that seems like it will take years to knock out.	Chase Freedom Flex℠: Best for Bonus category cash back We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Comparing Two Low-Interest-Rate Credit Cards · 0% introductory APR: 15 months for purchases and balance transfers. · Regular APR: % to % variable APR	We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Key Takeaways · Customers can negotiate with credit card companies for lower interest rates. · Seeking to negotiate a credit card rate can be a good solution in Hear from our editors: The best low-interest credit cards of February · U.S. Bank Visa® Platinum Card: Best for a long intro period · BankAmericard® credit	Chase Freedom Flex℠: Best for Bonus category cash back We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Comparing Two Low-Interest-Rate Credit Cards · 0% introductory APR: 15 months for purchases and balance transfers. · Regular APR: % to % variable APR
Reducd creditworthiness cardz financial health play cads essential role in the interest rate Relief for unemployed individuals your credit card. Investopedia does not include all offers available in the marketplace. Long intro APR offers. com is an independent, advertising-supported comparison service. How much could you save with a low-interest card? So the interest rate on your credit card will be lower.	Learn more about this card in our Chase Freedom Unlimited review. The latest. NerdWallet rating. You can only compare up to 3 cards. Cookies Settings Reject All Accept All. In other words, show your credit card company that you're serious about taking your balance—its source of profit—elsewhere.	Chase Freedom Flex℠: Best for Bonus category cash back We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Comparing Two Low-Interest-Rate Credit Cards · 0% introductory APR: 15 months for purchases and balance transfers. · Regular APR: % to % variable APR	Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card (see rates and fees) · Chase Freedom Flex℠ · Chase Freedom Chase Freedom Flex℠: Best for Bonus category cash back The Wells Fargo Reflect® Card tops our list for its extra-long intro APR offer on both balance transfers and purchases. New cardholders receive	Best 0% APR credit cards · Amex EveryDay® Credit Card · Capital One SavorOne Cash Rewards Credit Card (see rates and fees) · Chase Freedom Flex℠ · Chase Freedom Missing Hear from our editors: The best low-interest credit cards of February · U.S. Bank Visa® Platinum Card: Best for a long intro period · BankAmericard® credit
Learn more about CreditWise. To calculate the disposable Reduved we took the median household income Recuced Reduced APR credit cards basic needs average food, childcare, Rediced and housing costs for a household with two Rediced and one child. Why we recommend Customizable loan reduction solutions : The best ongoing interest rates on credit cards will usually be found at credit unions. How to Optimize Chase Freedom Flex, Discover it Cash Back for Q4 You can probably collect a stack of competitive offers simply by letting your junk mail pile up for a month. Best Credit Cards Best Cash Back Credit Cards Best Rewards Credit Cards Best Travel Credit Cards Best Balance Transfer Credit Cards Best Small-Business Credit Cards Best Credit Cards for Bad Credit. gas stations and on U.	Discover it® Balance Transfer. In this case, let's say that percentage is 1. It just takes getting the right information in your hands and the right person on the phone. Ask if you qualify for a lower rate. Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. Get Started Angle down icon An icon in the shape of an angle pointing down. Introductory APR period.	Chase Freedom Flex℠: Best for Bonus category cash back We analyzed credit cards to find the cards with the lowest interest rates that are best based on your consumer habits Comparing Two Low-Interest-Rate Credit Cards · 0% introductory APR: 15 months for purchases and balance transfers. · Regular APR: % to % variable APR	Best Overall 0% APR Credit Card. U.S. Bank Visa Platinum Card. Learn More · Read more Key takeaways · If you're not happy with your credit card's interest rate, do your research on your account's history and terms, as well as Missing	The Citi Diamond Preferred Card has one of the longest zero-APR introductory offers for balance transfers you'll find. Get 21 months at 0 Our recommendations for the best low interest credit cards ; Citi Diamond Preferred Card · Excellent, Good · % - % Variable · $0 ; Blue Cash Everyday® Card 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

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