Best Low Interest Credit Cards
Anyone that struggles with debt knows just how stressful it can be. The process of eliminating it can be a real challenge. If you are someone that struggles with debt, then it’s important to strategize the best possible plan for becoming debt free.
An important piece of that plan is to make sure your credit card balance is with a low interest credit card. Stay away from reward credit cards because they almost always have a high APR. Paying less interest each month means you will have a better chance to pay down your balance faster.
Here is a look at our picks for the best low interest credit cards.
Citi Simplicity® Card
Anyone looking for a card that can offer a low interest rate has a lot of choices to choose from. One of the best is going to be the Simplicity® Card from Citi, a Credit Cards House advertiser. Card members will receive a 0% introductory APR on balance transfers for the first 21 months. This is one of the longest introductory periods of any card available. After the intro period the rate will be a 18.24% - 28.99% (Variable) depending on your creditworthiness.
Another attractive feature about this card is that it’s the only card that comes with no late fees, no penalty rates, and no annual fee. If you are planning to transfer a balance and take advantage of the low APR then you will pay a fee of 5% or $5, whichever amount is greater.
Another no frills credit card that offers a low interest rate is the Chase Slate® card. For the first 15 months, new card members will receive a 0% introductory APR on both purchases and balance transfers. All balance transfers done within the first 60 days will have no fee and there is no annual fee. Anything transferred after 60 days will incur a fee of 5% or $5 whichever is greater.
After the intro period is over, the APR will be a variable 16.49% - 25.24% depending on credit worthiness.
Capital One® VentureOne® Rewards Credit Card
Another rewards credit card offering a low interest rate is the Capital One® VentureOne® Rewards Credit Card. For the first 12 months there is an introductory 0% APR on purchases. After the intro period it will become a variable 19.24% - 29.24% depending on creditworthiness.
In addition, this no annual fee credit card comes with a 20,000 miles signup bonus when you spend $1,000 within three months of account opening. That is enough for a $200 credit towards a travel expense. With every purchase that you make, you will earn 1.25 miles per dollar spent.
The Bottom Line
If you are looking for a credit card that offers a low interest rate, then these are some of the best. Some of them are focused on low interest rates, while others also include the opportunity to earn rewards for your purchases.
Editorial Note: The information related to Chase Slate® has been collected by Credit Cards House and has not been reviewed or provided by the issuer of this card.
First published , last updated
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.