Low Interest Credit Cards
WalletHub makes it easy to find the best low interest credit card for you.
Credit cards with a low regular APR are best for people who infrequently carry a balance from month to month. If you already have credit card debt or regularly carry a balance, you’ll probably save more with a 0% balance transfer credit card or a card offering 0% on purchases. To help you make an informed decision, WalletHub’s editors compared 1,000+ credit card offers to find the top low interest credit cards for different types of applicants.
Best Low Interest Credit Cards of 2019:
- Blue Cash Everyday® Card from American Express - 0% for 15 months
- Wells Fargo Platinum Visa card - 0% for 18 months on qualifying balance transfers
- Amazon.com Store Card - 28.24% (V)
- Green Dot primor® Visa® Gold Secured Credit Card - 9.99%
- U.S. Bank Visa® Platinum Card - 0% for 20 months
- SimplyCash® Plus Business Credit Card from American Express - 0% APR
- Barclaycard Ring® Mastercard® - 14.24% (V)
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- INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
- Plus, earn unlimited 1% cash back on all other purchases - automatically.
- Redeem cash back any amount, any time. Rewards never expire.
- Use your rewards at Amazon.com checkout.
- Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
- No annual fee.
- See More Details & Reviews About TheDiscover it® Cash Back
- Earn 2X points per dollar spent on gas and dining with no cap
- Earn 1X points for every dollar spent on all other purchases
- Get 2,500 bonus points with your first purchase
- Redeem points for cash, merchandise, gift cards and more.
- USAA membership is available to active and former military and their eligible family members
- Special Benefits for Military: Deployment/PCS rate: Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months, the regular APR of between 12.15% to 28.15% will apply. This rate will vary with the market based on the prime rate. Special 4% SCRA rate: When you have a balance on your account at the time you enter active military duty, get 4% APR on that existing balance until one year after you complete active duty.
- Security Benefits: Chip card technology has added security when used at a chip-enabled terminal and greater acceptance worldwide. Zero liability coverage for unauthorized transactions if your card is lost or stolen. Visa Auto Rental Collision Damage waiver insurance. Get account balances and transaction history by sending a text message. Access your account on usaa.com or from a mobile device.
- See More Details & Reviews About TheUSAA® Rewards™ Visa Signature® Card
- 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.24% - 25.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
- No annual fee
- No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply
- Access your FICO® Score for free within Online Banking or your Mobile Banking app
- See More Details & Reviews About TheBankAmericard® credit card
- Enjoy USAA's lowest rate card
- No annual fee, no foreign transaction fees, no penalty APR
- USAA membership is available to active and former military and their eligible family members
- Special Benefits for Military: Reduced Rate: Get 4% APR on all balances for up to 12 months during deployment or PCS. After 12 months, the variable Regular APR of between 9.15% to 26.15% will apply. This rate will vary with the market based on the prime rate. Special 4% SCRA Rate: When you have a balance on your account at the time you enter active military duty, get 4% APR on that existing balance until one year after you complete active duty.
- Security Benefits: Chip card technology has added security when used at a chip-enabled terminal and greater acceptance worldwide. Zero liability coverage for unauthorized transactions if your card is lost or stolen. Collision damage waiver coverage pays for physical damage and theft to most rental vehicles. Get account balances and transaction history by sending a text message. Access your account on usaa.com or from a mobile device.
- See More Details & Reviews About TheUSAA® Rate Advantage Visa Platinum® Card
- Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
- Earn 1.25X miles on every purchase, every day
- Earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
- Transfer your miles to over 12 leading travel loyalty programs
- Travel when you want with no blackout dates and fly any airline, stay at any hotel, anytime
- Miles won't expire for the life of the account and there's no limit to how many you can earn
- $0 annual fee and no foreign transaction fees
- Enjoy 0% intro APR on purchases for 12 months; 14.24% - 24.24% variable APR after that
- See More Details & Reviews About TheCapital One® VentureOne® Rewards Credit Card
- Earn 30K bonus points when you spend $3,000 in purchases in the first 3 months - that's a $300 cash redemption value
- Earn 3X points for eating out and ordering in
- Earn 3X points for gas stations, rideshares and transit
- Earn 3X points for travel including flights, hotels, homestays and car rentals
- Earn 1X points on other purchases
- Select "Apply Now" to learn more about the product features, terms, and conditions
- $0 Annual Fee
- 0% Intro APR for 12 months on purchases and balance transfers (fees apply), then a 16.24%-27.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
- See More Details & Reviews About TheWells Fargo Propel American Express® Card
- One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase, every day
- No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases for 15 months; 16.24%-26.24% variable APR after that
- 0% intro APR on balance transfers for 15 months; 16.24%-26.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- Pay no annual fee or foreign transaction fees
- See More Details & Reviews About TheCapital One® Quicksilver® Cash Rewards Credit Card
- The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee… EVER
- 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness
- 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness
- If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
- There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
- The same great rate for all balances, after the introductory period
- Save time when you call with fast, personal help, 24 hours a day – just say “representative”
- Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month
- See More Details & Reviews About TheCiti Simplicity® Card - No Late Fees Ever
- 0% Intro APR for 18 months on purchases and balance transfers (fees apply), then a 13.74%-27.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
- Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa card
- Easy access to your FICO® Credit Score with Wells Fargo Online®
- Zero Liability protection for promptly reported unauthorized transactions
- Convenient tools to help create a budget and manage your spending with My Money Map
- $0 Annual Fee
- Select "Apply Now" to learn more about the product features, terms, and conditions
- See More Details & Reviews About TheWells Fargo Platinum Visa card
- INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
- Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
- Redeem cash back any amount, any time. Rewards never expire.
- 100% U.S. based customer service.
- Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
- Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
- No annual fee.
- See More Details & Reviews About TheDiscover it® Balance Transfer
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WalletHub's Best Low Interest Rate Credit Cards
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Blue Cash Everyday® Card from American Express
Folks with good credit or better whose top expenses include gas and groceries should think about applying for the Blue Cash Everyday® Card from American Express. In addition to introductory APRs of 0% for 15 months on new purchases and 0% for 15 months on balance transfers, Amex Blue Cash Everyday gives bonus rewards in popular spending categories. It has a $0 annual fee and a balance transfer fee of 3% (min $5).
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Wells Fargo Platinum Visa card
The best low interest credit card is the Wells Fargo Platinum Visa® Card. It gives 0% for 18 months on purchases and qualifying balance transfers, with a $0 annual fee and a balance transfer fee of 3% for 120 days, then 5%. The Wells Fargo Platinum Card doesn’t have the lowest regular APR: 13.74% - 27.24% Variable. But it does have no interest for a very long time, which provides a great opportunity to save if you can get out of debt by the time the 0% APR ends.
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American Express Cash Magnet® Card
If you want to earn cash back rewards on purchases while paying 0% interest for an extended stretch, the best low interest credit card is the American Express Cash Magnet® Card. It offers 0% for 15 months on purchases, gives a $150 bonus for spending $1,000 in the first three months, and rewards cardholders with 1.5% cash back on all purchases. Amex Cash Magnet also gives 0% for 15 months on balance transfers, with a 3% (min $5) balance transfer fee. There is no annual fee.
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U.S. Bank Visa® Platinum Card
People with excellent credit who want a long interest-free introductory period should consider the U.S. Bank Visa® Platinum Card. It gives 0% for 20 months on purchases and 0% for 20 months on balance transfers, with a balance transfer fee of 3% (min $5). This card has no rewards and no annual fee.
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Barclaycard Ring® Mastercard®
People with good credit who are looking for a low regular APR or a good balance transfer deal should look into the Barclaycard Ring® Mastercard®. It offers 0% for 15 months* on balance transfers, with a balance transfer fee of 2% (min $5) for the first 45 days, $0 after**. When promotional rates are not in effect, the Ring card charges interest at an annual rate of 14.24% (V). It does not charge an annual fee.
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Comerica Bank Visa® Platinum Card
If you have excellent credit and want to pay no interest for nearly two years, think about applying for the Comerica Bank Visa® Platinum Card. It offers 0% for 20 months on purchases and 0% for 20 months on balance transfers. The Comerica Bank Visa® Platinum Card has a $0 annual fee and a balance transfer fee of 3% (min $5).
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SimplyCash® Plus Business Credit Card from American Express
The best low interest business credit card is the SimplyCash® Plus Business Credit Card from American Express. It offers an introductory APR of 0% for 15 months on new purchases. SimplyCash Plus for Business has a $0 annual fee and a 14.49% - 21.49% (V) regular APR.
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Chase Slate®
If you want to lower the cost of existing debt, the best low interest credit card is Chase Slate®. It has introductory APRs of 0% for 15 months on balance transfers and 0% for 15 months on purchases, to go along with a $0 annual fee. Plus, Chase Slate’s balance transfer fee is $0. The Slate card requires at least good credit for decent approval odds.
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Simmons Bank Visa®
For credit card shoppers who want a low regular APR, there’s the Simmons Bank Visa®. Its rate is 10.5% (V), and it has a $0 annual fee to match. This card requires excellent credit for approval.
There are several other offers that are also worth considering, as well some that are better left alone. For example, the best low interest credit card for fair credit is the Amazon.com Store Card. It offers an introductory APR of 0% for 6-24 months on select purchases. But the offer includes a feature called deferred interest that can make the transaction a lot more expensive than you’d planned for if you don’t repay your balance on schedule. Similarly, the best low interest credit card for bad credit is the Green Dot primor® Visa® Gold Secured Credit Card. It has a regular APR of 9.99%, but there isn’t much point in carrying a balance on a secured card since you have to pre-pay for your purchases with a security deposit.
To help you find the right low APR credit card for your particular needs, WalletHub’s editors compared 1,000+ offers to find the best low interest credit cards in the most popular categories. You can check out their favorites below.
2019’s Best Low Interest Credit Cards:
| Credit Card | Annual Fee | Intro APR | Regular APR |
| Blue Cash Everyday® Card from American Express | $0 | 0% for 15 months | 15.24% - 26.24% (V) |
| Wells Fargo Platinum Visa card | $0 | 0% for 18 months | 13.74% - 27.24% Variable |
| American Express Cash Magnet® Card | $0 | 0% for 15 months | 15.24% - 26.24% (V) |
| SimplyCash® Plus Business Credit Card from American Express | $0 | 0% for 15 months | 14.49% - 21.49% (V) |
| U.S. Bank Visa® Platinum Card | $0 | 0% for 20 months | 14.74% - 25.74% (V) |
| Comerica Bank Visa® Platinum Card | $0 | 0% for 20 months | 14.24% - 23.24% (V) |
| Chase Slate® | $0 | 0% for 15 months | 17.24% - 25.99% (V) |
Whenever you carry a balance from month to month, make sure to do so with a purpose (and a credit card calculator). Have a good reason for getting into debt and a plan for repaying what you borrow.
For example, using a 0% credit card for a big-ticket purchase and paying off your balance before regular rates take effect is a great approach. Racking up expensive interest charges simply because you’re spending more than you can afford is not.
Finally, it’s important to note that the best low interest rate credit cards don’t necessarily have the absolute lowest APRs. Rather, they combine a very low APR with other attractive terms, such as no annual fee or lenient approval requirements.
To get a sense of how low these APRs really are, relative to the rest of the market, check out WalletHub’s latest Credit Card Landscape Report. You will find average credit card rates for the entire market as well as for people with excellent credit, good credit, etc.
Questions & Answers
Comparing low interest 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 moreshow less
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Are there any low fixed interest credit cards? Reply
Low fixed-rate credit cards are basically extinct. And there’s a fairly simple reason for that. Credit card companies lost the ability to change interest rates whenever they want when the CARD Act took effect in February 2010. In fact, they can only raise rates on existing consumer-card balances when the accountholder becomes 60+ days delinquent. The law does not cover small business credit cards.
As a result, credit card companies now use variable interest rates, which change based on a benchmark such as the Prime Rate, to make sure their offers keep pace with the broader economic climate.
Of course, introductory interest rates are an obvious exception to this rule, since they have a set expiration date.
Can you negotiate a lower credit card interest rate? Reply
Hi! Yes! It is definitely worth calling and asking them. You may need to make more than one call until you get a person who has the authority to make that change, but it can't hurt to call and ask. I'd do a bit of research first to see what the interest ranges are that the credit card company operates in so that you know where you might fall. You could also send an email or letter to ask.
You also might want to see if there is a format or form provided online by your credit card company to request a lowered interest rate – that site will provide specific information to help you succeed in your request.
I feel as if it never hurts to ask for discounts and good deals. Many of us shy about doing this - I often am - but if you can get your courage up and try, you may be successful. Good luck to you!
What is a low APR rate for credit cards? Reply
You can consider a low rate credit card to be an offer with a regular APR below the market average for your credit standing. Here are the current averages for each credit tier, according to WalletHub’s latest Credit Card Landscape Report:
- Excellent Credit: 14.19%
- Good Credit: 19.88%
- Fair Credit: 22.41%
- Bad Credit (Secured): 19.17%
- All Credit Card Offers: 19.05%
With that being said, credit card rates are never all that low compared to mortgage and auto loan rates. Except when a 0% intro rate is available, that is.
What is the best credit card company with low interest rates? Reply
Interest rates vary by card, and no issuer has a reputation for offering low rates across the board. So you should focus on finding the best deal, regardless of issuer.
After all, the biggest differences between credit card companies are in terms of customer service and product features. And while customer service is important, it should only be used as a tiebreaker between cards with equally attractive terms.
With that being said, here’s how the largest credit card issuers ranked in WalletHub’s latest Customer Satisfaction Report:
- Discover
- American Express
- Capital One
- Chase
- Bank of America
- Wells Fargo
- Citi
What are the best low interest credit cards with airline miles? Reply
There are quite a few cards that give you miles. Cap One's Venture and Venture One, Discover it Miles, Citi AAdvantage Platinum to name just a few. As far as low interest rate, you can't really know what APR you're going to get before your get approved.
All of these cards have a range of interest rates, depending on your credit worthiness. If your score is awesome, you can go as low as 13.5%, maybe even lower. If not, you'll get a higher one.
Featured Credit Cards
Ask the Experts
To get the low-down on low interest credit cards, we asked a panel of personal finance experts to share their thoughts on the following questions. Meet our panel and see what they had to say, below.
- Does the definition of a “low interest” credit card change over time?
- Does it ever make sense to get a credit card with a low regular APR? (vs. a 0% credit card or paying in full)
- Compared to loans, does any credit card really have a low interest rate?
- If rates are so low in general, why aren’t credit card interest rates lower?
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Francisca Beer
Interim Dean of Graduate Studies and Professor of Finance in the College of Business and Public Administration at California State University, San Bernardino
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Amy J. N. Yurko
Assistant Professor of Accounting at Duquesne University
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Rachel C. Sykes
CFA, Assistant Professor, Framingham State University
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Alex Young
Assistant Professor at Hofstra University
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Fan Chen
Assistant Professor of Finance at Merrimack College
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Mark W. Hendrickson
Adjunct Professor at Grove City College
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We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
† Approval Odds are WalletHub estimates intended to gauge your likelihood of approval for a particular product. Approval Odds are based on WalletHub data and are not provided or endorsed by the lender. Approval Odds are not meant to imply or guarantee that you will be approved by the lender or that credit will be extended.
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Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any issuer.