The best credit card and the credit card with the lowest interest rate often aren’t the same thing. For starters, if you plan to pay your credit card bills in full every month, interest rates won’t matter and the best card will be one with rewards. And if you do plan to carry a balance from month to month, how long you expect to spend repaying amounts owed is very important.
The lowest interest rate that anyone can pay is 0%, obviously. Some credit cards offer rates that low but only for a limited time. And when that time is up, regular APRs (usually rather high ones) take effect. But then again, other cards offer low regular APRs without the interest-free intro period.
So there’s a fair amount that goes into determining whether a low-rate credit card is right for you, as well as whether that low rate should be a special introductory offer or something with staying power. To help point you in the right direction, WalletHub compared hundreds of credit cards with low interest rates and picked the top Visa offers in the most popular categories.
Here are the best low interest Visa credit cards:
|Best For...||Card Name||Intro Rate||Regular APR||Annual Fee||Min. Credit Required|
|0% Purchases||Bank of Hawaii Visa Signature® Credit Card with MyBankoh Rewards||0% for 18 months||15.23% - 18.23% (V)||None||Excellent|
|0% Balance Transfers||Wells Fargo Platinum Visa® Card||0% for 18 months||16.90% - 26.74% Variable||$0||Good|
|Low Regular Rate||Simmons Bank Rewards Visa Signature||Not Offered||12% (V)||None||Excellent|
|Fair Credit||USAA Rate Advantage Visa Platinum®||Not Offered||8.4% - 25.4% (V)||None||Fair|
|Students||Bank of America® Cash Rewards credit card for Students||0% for 12 months||14.74% - 24.74% (V)||None||Limited History|
|Bad Credit||Credit One Bank® Platinum Visa® for Rebuilding Credit||Not Offered||17.49% - 25.49% (V)||$0 - $99||Bad|
Now that you’ve met the best low interest Visa credit cards, it’s time to see what Mastercard, Discover and American Express offers bring to the table. After all, your card’s network won’t help you save on finance charges. So you need to compare all of the credit cards with the best rates.