The best credit card rates right now are offered by the U.S. Bank Visa® Platinum Card. New cardholders get intro APRs of 0% for 20 billing cycles on purchases as well as 0% for 20 billing cycles on balance transfers, and there is no annual fee. Applicants need good credit or better for approval.
Some of the best credit card rates for people with excellent credit are available from the BankAmericard® credit card. This card offers intro rates of 0% for 18 billing cycles on purchases, 0% for 18 billing cycles for any balance transfers made in the first 60 days, and a $0 annual fee. For the best approval odds, you need a credit score of 750 or higher.
One of the credit cards with the best rates for people with good credit is the Wells Fargo Platinum card. If you have the 700+ credit score needed for good approval odds, you can enjoy intro rates of 0% for 18 months on purchases and 0% for 18 months on qualifying balance transfers. This card has a $0 annual fee, too.
The best credit card with a low interest rate and no balance transfer fee is the SunTrust Prime Rewards Credit Card. New cardholders get 3.25% (V) for 36 months on transferred balances, which can produce a lot of savings compared to the average credit card offer. This card does not have a low interest rate for purchases, however.
The best credit card rates for students are offered by the BankAmericard® Credit Card for Students. It gives new cardholders 0% for 18 months on purchases and 0% for 18 months. This card also has a $0 annual fee and is available to applicants with limited or no credit.
WalletHub’s picks for the credit cards with the best rates are based on a comparison of 1,500+ credit card offers. In particular, we focused on introductory APRs, regular rates, fees and approval requirements. You can check out a recap of the top cards in the most popular categories below.
Best Credit Card Rates Compared
|Card||Category||Best Intro Rate|
|U.S. Bank Visa® Platinum Card||Long 0% Rate||0% for 20 billing cycles|
|BankAmericard® credit card||Excellent Credit||0% for 18 billing cycles|
|Wells Fargo Platinum card||Good Credit||0% for 18 months|
|SunTrust Prime Rewards Credit Card||No Balance Transfer Fee||3.25% (V) for 36 months|
|BankAmericard® Credit Card for Students||Students||0% for 18 months|
Average Credit Card Interest Rates This Week
|Category||Average APR||6 months ago|
One of the lowest ongoing credit card rates available to the general public is 9.25% (V), from the CoreFirst Bank & Trust Visa Platinum Card. But you might be able to get a lower rate if you belong to a particular group. For example, the Educators Credit Union Visa® Platinum Credit Card has a regular APR as low as 7.90% (V).
Some cards also advertise a range of possible APRs, with the exact rate you get depending on your overall creditworthiness. If you’re not sure where your credit stands, you can check your latest credit score for free on WalletHub.
Best Credit Card Rates Methodology
In order to identify the credit cards with the lowest interest rates, WalletHub’s editors regularly compare 1,500+ credit card offers based on the introductory rates they provide, if any, along with their regular APRs, relevant fees and approval requirements. The best credit card rates overall are typically reserved for people with good credit or excellent credit. But there are usually some good deals for people with less-established credit, too. As a result, we select the best credit card APR offers for each credit category.
This page focuses on the best credit card rates for new purchases, but standout balance transfer credit cards are also included. If you are interested in low balance transfer rates and fees, check out the full list of WalletHub’s picks for the best balance transfer credit cards available right now. Similarly, most of the cards on this page feature low introductory APRs, given that regular credit card APRs tend to be so high. However, our editors include offers with especially low regular APRs when available.