Adam McCann, Financial Writer
@adam_mcan
The bank with the lowest credit card interest rates is Citi because it offers many credit cards with long 0% introductory APRs. The best low-interest Citi card is the Citi Simplicity® Card, which offers an introductory APR of 0% for 21 months on qualifying balance transfers. The card also has an offer of 0% for 12 months intro APR on purchases and a regular APR of 17.74% - 28.49% (V).
Most major banks don’t tend to offer low regular APRs on credit cards. However, there are a few banks that have lower regular APRs on some cards compared to the competition. Those banks include USAA, M&T Bank, First Progress, and Simmons Bank.
Popular Low-Interest Credit Cards by Bank
| Company | Card | Regular APR |
| Citi | Citi Simplicity® Card | 17.74% - 28.49% (V) |
| Wells Fargo | Wells Fargo Reflect® Card | 17.74%, 24.24%, or 28.49% Variable |
| Bank of America | BankAmericard® credit card | 14.74% - 24.74% Variable |
| U.S. Bank | U.S. Bank Shield™ Visa® Card | 17.24% - 28.24% (V) |
| Chase | Chase Freedom Unlimited® | 18.74% - 28.24% (V) |
| CoreFirst Bank & Trust | CoreFirst Bank & Trust Visa Platinum Card | 10.25% (V) |
| First Progress | First Progress Prestige Secured Mastercard® | 13.74% (V) |
Now that you’re aware of a few good options for credit cards with low APRs, it’s time to talk about how to go about getting the best card for you personally.
How to Get a Credit Card with a Low Interest Rate
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Shop around:
It's important to research and compare credit card offers from different providers to find the lowest possible interest rate.
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Look for promotional offers:
Some credit card issuers offer introductory periods with low or 0% interest rates for a specified period. These promotions can be beneficial if you plan to make a significant purchase or transfer a balance from a higher-interest card.
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Consider credit unions:
Credit unions are not-for-profit financial institutions that often offer competitive interest rates on credit cards. They may have lower rates compared to traditional banks. Check if you are eligible for membership in any credit union and explore their credit card options.
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Build and maintain good credit:
Your creditworthiness plays a significant role in the interest rates you are offered. By building and maintaining a strong credit history, paying bills on time and managing your credit responsibly, you may qualify for lower interest rates on credit cards.
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Use a credit card interest calculator:
WalletHub’s credit card interest calculator can help you determine just how much money you’d save with a low-interest card compared to your current credit card interest rates. It will also recommend specific cards that could be good options.
What to Know Before Choosing a Credit Card
Remember that credit card interest rates can change over time, and the rates you receive may also depend on your individual circumstances. It's crucial to review the terms and conditions of any credit card offer and also consider factors beyond the interest rate, such as rewards, annual fees, and additional benefits, before making a decision.
You can learn more about the best low-interest credit cards on WalletHub.
People also ask
Can you get 0% APR on a credit card?
You can get 0% on a credit card if you apply for the right credit card and you have fair to excellent credit, or you're a student. You may be able to get credit cards with 0% interest promotions for purchases, balance transfers, or both, lasting for 6 to 21 months. The best offers are mainly reserved for new applicants with good credit or better (700+ credit score).
Credit card issuers will sometimes extend...
read full answer by Bianca Smith, WalletHub Credit Cards AnalystWhat is considered a low credit card interest rate?
A credit card interest rate below 13 percent is considered low because it's less than what credit cards for people with excellent credit traditionally charge. Credit cards with APRs below 10 percent are fairly rare but may be offered by some credit unions or local banks.
If you have fair or bad credit, your interest rate will likely be significantly higher than the average rate. As a result, the best approach is to pay...
read full answer by Ryan P Page, Staff WriterDid we answer your question?
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