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WalletHub Best Credit Cards with No Annual Fee and Low Interest
WalletHub makes it easy to find the best credit card with low interest and no annual fee.
The best credit cards with no annual fee and low interest rates can save you a significant amount of money on finance charges, making it easier to pay down big purchases over time.... show more... show more
Best Credit Cards with No Annual Fee and Low Interest in 2023
- Rates & FeesBest Overall: Wells Fargo Active Cash® CardWells Fargo Active Cash® CardLearn MoreLearn Moreon issuer's website
- Rates & FeesBest Rates: Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website
- Good Credit: U.S. Bank Visa® Platinum CardU.S. Bank Visa® Platinum CardLearn MoreLearn More
- Excellent Credit: BankAmericard® credit cardBankAmericard® credit cardLearn MoreLearn Moreon issuer's website
- Bonus Rewards: Chase Freedom Unlimited®Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
- Low Interest for Students: BankAmericard® credit card for StudentsBankAmericard® credit card for StudentsLearn MoreLearn Moreon issuer's website
LOW INTEREST NO ANNUAL FEE CREDIT CARDS
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- Low balance transfer intro APR for 21 billing cycles
- Low purchase intro APR for 21 billing cycles
- No annual fee
- Balance transfer fee of 3%
- Very high regular APR
- Excellent credit required
- No membership fees
- 0% intro APR on balance transfers
- No balance transfer fee
- High rewards rate
- No intro APR on purchases
- Rewards earned in the first year get doubled
- Up to 5% cash back
- No annual fee
- 0% intro rates for 15 months
- Potential for a very high regular APR
- Bonus reward categories rotate, require quarterly signup and limit earnings
- Balance transfer fee
- No membership fees
- Intro APR on purchases
- Intro APR on balance transfers
- High rewards rate
- Spending caps on rewards
- Rotating categories which require activation
- Balance transfer fee
- No membership fees
- Intro APR on purchases
- Intro APR on balance transfers
- High rewards rate
- Spending caps on rewards
- No initial rewards bonus
- Balance transfer fee
- No annual card fee
- Intro APR on purchases
- Intro APR on balance transfers
- No foreign fee
- No rewards
- No initial rewards bonus
- Balance transfer fee
- Requires good/excellent credit
- $0 annual fee
- 1.5 miles per $1
- First-year rewards get doubled
- 0% foreign transaction fee
- Intro APRs on purchases and balance transfers
- High regular interest rate
- Not as rewarding after the first year
- $0 annual fee
- 1 - 3% cash back
- $500+ credit limit
- APR up to 29.99%
- Rewards may take longer to get
- No grace period
- No membership fees
- Qualify with fair credit
- APR up to 29.99%
- No grace period
- No membership fees
- Low regular APR
- No foreign fee
- Qualify with limited or no credit history
Best Credit Cards with No Annual Fee and Low Interest
The best credit card with no annual fee and low interest is the Wells Fargo Active Cash® Card because it offers an introductory purchase APR of 0% for 15 months from account opening, a $0 annual fee and good rewards. Cardholders earn 2% cash rewards on all purchases. Applicants generally need at least good credit for approval.
Fortunately, there are plenty of credit cards with low APRs and no annual fees available at the moment. Below, you can find a comparison of the best offers right now.
Best Credit Cards with Low Interest and No Annual Fee Comparison
| Credit Card | Annual Fee | Introductory APR | Regular APR |
| Wells Fargo Active Cash® Card | $0 | 0% for 15 months from account opening | 19.99% - 29.99% Variable |
| Wells Fargo Reflect® Card | $0 | 0% for 21 months from account opening | 17.99% - 29.99% Variable |
| U.S. Bank Visa® Platinum Card | $0 | 0% for 18 billing cycles | 19.49% - 29.49% (V) |
| BankAmericard® credit card | $0 | 0% for 21 billing cycles | 15.99% - 25.99% Variable |
| Chase Freedom Unlimited® | $0 | 0% for 15 months | 19.99% - 28.74% (V) |
| BankAmericard® credit card for Students | $0 | 0% for 21 billing cycles | 15.99% - 25.99% Variable |
Unfortunately, there aren’t many credit cards with low regular interest rates these days. You’re far better off getting a card with a 0% introductory APR and then paying off the balance before the regular rate takes effect.
Methodology for Selecting the Best Low Interest No Annual Fee Credit Cards
To identify the best credit cards with low interest rates and no annual fees, WalletHub’s editors regularly compare more than 1,500 credit card offers. We start by excluding cards that charge annual fees as well as cards that lack low introductory APRs and have regular interest rates above the market average.
Then, we compare the remaining cards based on estimated savings over the course of two years. This timeframe allows both initial and ongoing perks to have an impact. Finally, once we’ve calculated expected savings and ranked the cards accordingly, we pick the top cards for the most popular usage scenarios.
Why People Trust WalletHub
Unlike other sites that only promote cards they're paid by, WalletHub's editors focus on finding the best cards. WalletHub makes it easy to find the best low interest no annual fee credit card.
About the Author
John S Kiernan
Low Interest No Annual Fee Credit Card FAQ
Comparing low interest no annual fee credit cards can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered.show more
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What are the best credit cards with no annual fee and 0% APR? Reply
One of the best credit cards with no annual fee and 0% APR is the U.S. Bank Visa® Platinum Card; this card offers an introductory APR of 0% for 18 billing cycles on both purchases and balance transfers. The card’s regular APR is 19.49% - 29.49% (V).
Another great option is Chase Freedom Unlimited® because it offers a 0% intro APR for 15 months on new purchases as well as on balance transfers. The regular APR is 19.99% - 28.74% (V). This credit card also rewards cardholders with 1.5 - 5% cash back, depending on the type of purchase.
The Wells Fargo Reflect® Card is also a good choice as it comes with one of the longest intro APRs on the market; 0% for 21 months from account opening for purchases and qualyfying balance transfers. After the intro APR period expires, the card’s regular APR is 17.99% - 29.99% Variable.
Here are some of the best credit cards with no annual fee and 0% APR:
- Balance Transfers U.S. Bank Visa® Platinum CardU.S. Bank Visa® Platinum CardLearn MoreLearn More
- Everyday Rewards Chase Freedom Unlimited®Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
- Rates & FeesLong 0% Intro Period Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website
- Flat Rewards Rate Capital One Quicksilver Cash Rewards Credit CardCapital One Quicksilver Cash Rewards Credit CardLearn MoreLearn More
Are there any elite credit cards with no annual fee? Reply
Yes, there are several elite credit cards with no annual fee, the best of which is the Capital One VentureOne Rewards Credit Card. This card requires at least good credit for approval and offers an initial bonus of 20,000 miles for spending $500 in the first 3 months of account opening.
Some of the Best Elite Credit Cards with No Annual Fee
- Overall: Capital One VentureOne Rewards Credit CardCapital One VentureOne Rewards Credit CardLearn MoreLearn More
The Capital One VentureOne offers 20,000 miles for spending $500 in the first 3 months. Plus, you get 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 1.25 miles per $1 on all other purchases.
The card also comes with an intro APR of 0% for 15 months on both new purchases...
What are the best credit cards with no annual fee and no foreign transaction fee? Reply
The best credit card with no annual fee and no foreign transaction fee is the X1 Credit Card. It offers ongoing rewards of 2 points per $1 spent on all purchases (which becomes 3 points per $1 when you spend $1,000 per month) on purchases. This card requires excellent credit for approval, and its points are worth 1 cent each.
Best Credit Cards with No Annual Fees and No Foreign Transaction Fees
- Excellent Credit: X1 Credit CardX1 Credit CardLearn MoreLearn More
- Custom Card Design: Regions Prestige Visa® Signature Credit CardRegions Prestige Visa® Signature Credit CardLearn MoreLearn More
- Cash Back Rewards: Capital One SavorOne Cash Rewards Credit CardCapital One SavorOne Cash Rewards Credit CardLearn MoreLearn More
- SoFi Customers: SoFi Credit CardSoFi Credit CardLearn MoreLearn More
- Fair Credit: First Tech Choice Rewards World Mastercard®First Tech Choice Rewards World Mastercard®Learn MoreLearn Moreon issuer's website
- Limited Credit: Petal® 2 Visa® Credit CardPetal® 2 Visa® Credit CardLearn MoreLearn Moreon issuer's website
If you’re not sure which credit card to apply for, you can check your credit score for free on WalletHub as well as consult our...
What are some good no-interest credit cards for good credit? Reply
A handful of good no-interest credit cards for good credit are the Wells Fargo Reflect® Card, the American Express Cash Magnet® Card, the Capital One SavorOne Cash Rewards Credit Card credit card, and the Chase Freedom Unlimited® card. They all offer longer-than-average 0% APR periods on purchases and balance transfers, none of them have annual fees, and all are available to people with good credit or better.
Best No Interest Credit Cards for Good Credit:
Amex Cash Magnet Card: intro APR of 0% for 15 months on purchases and balance transfers. 18.99% - 29.99% (V) regular APR....
What are the best low interest credit cards for first-timers? Reply
One of the best low interest credit cards for first-timers is the First Hawaiian Bank Heritage Credit Card because it offers an intro APR of 2.99% for 8 months on purchases and 2.99% for 8 months on balance transfers. The card’s regular APR is 18% (V).
Note that the regular APR will apply to any remaining balance and all new transactions after the intro rates expire. The First Hawaiian Bank Heritage Credit Card also reports account information monthly to the major credit bureaus and comes with a $0 annual fee.
Some...
What are the best low-interest balance transfer credit cards for life? Reply
One of the best low-interest balance transfer credit cards for life is the Saratoga's Community FCU VISA® Platinum Credit Card. This card offers an intro transfer APR of 6.99% for Until the balance is paid off (subject to a fee of $0). The card’s regular APR is 11.99% and it comes with a $0 annual fee. Just note that getting a low balance transfer interest rate permanently or for the life of a transferred balance often means sacrificing in other areas.
Some cards offer both a...
What are the longest 0% APR credit cards? Reply
The longest 0% APR credit card is the Wells Fargo Reflect® Card. This card offers an introductory purchase APR of 0% for 21 months from account opening and 0% for 21 months from account opening on qualifying balance transfers - subject to a fee of 5% (min $5). The card’s regular APR is 17.99% - 29.99% Variable.
Given its $0 annual fee, the Wells Fargo Reflect card makes for a great option both for financing larger purchases and transferring pre-existing debt. There are several other options with long 0% intro APRs that are worth taking into consideration.
Here are the longest...
Featured Credit Cards
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