Low Interest Credit Cards Reviewed

Compare low interest credit cards

There are a few credit card companies featured on this site that are currently offering low interest credit cards. These cards are some of the best available, but you should know that they are marketed to people who have a good to excellent credit record. If you currently carry a balance on your credit cards or are planning to, then these credit card rates will be important to you. If you have a fair to poor credit record, or are looking for your first card, then it may not be worth your while to apply for these low interest credit cards, as they may not approve you.

If you do qualify for a low interest credit card, there are a few things that you should be aware of. There are some low interest credit cards that offer an interest rate such as 0%, but it may be raised after a certain amount of time. Also, credit card companies may charge you an annual fee because of the low interest rates on some of their cards. Although the fee is well worth it, especially if you carry a balance, knowing about the charge will prevent any surprises later on.

Keep in mind that these low interest credit cards have rates that are calculated on a yearly basis. This annual percentage rate (APR) will either be a fixed rate or a variable rate, as was just mentioned. All of these details will be made available by the credit card companies before you apply.

Low interest credit cards are best suited for those people who tend to carry a balance on their credit card every month. The savings offered by low interest credit cards can outweigh the benefits of a rewards credit card. You should consider a low interest credit card if your balance is more than a few hundred dollars as you will save a substantial amount on interest charges.
You will find that the credit card industry is very competitive and there are several financial institutions competing for your business and because of this competition some credit card issuers will offer low interest credit cards with introductory rates as low as 0%.

If you have a good credit rating and want to save money then low interest credit cards are your best bet. If you find that your spending habits have you carrying a balance every month, the sooner you have your low interest credit card, the sooner you will start saving.

Low Interest Credit Cards Apply Online

Chase Platinum Card

• Transfer your balance from another credit card and receive an introductory APR of 0%
• No annual fee
• Interest-free grace period — when you pay your bill in full each month
• Low long-term APR
• Learn more

Discover® Platinum Card

• 0% Intro APR*
• No Annual Fee
• Up to 2% Cashback Bonus® award*
• 100% Fraud Protection
• Up to $50,000 Credit Limit
• Online Account access and bill payment.
• Learn more
  

Bank of America® Platinum Visa Credit Card

• No Annual Fee
• Fixed 8.9% on Balance Transfers
• Internet Fraud Protection
• High Credit Line