2017’s Best Credit Cards with Low Interest Rates
|Best For...||Card Name||Intro Rate||Regular APR||Annual Fee||Credit Required||Editors' Rating|
|New Purchases||Citi® Diamond Preferred® Card||0% for 21 months||12.99% - 22.99%||$0||Excellent||5 Stars|
|Balance Transfers||Chase Slate®||0% for 15 months||15.49% - 24.24%||$0||Good||5 Stars|
|Low Regular Rate||Barclaycard Ring MasterCard®||N/A||13.49%||$0||Excellent||3.8 Stars|
|Fair Credit (Honorable Mention)||USAA Rate Advantage Platinum Visa®*||N/A||7.40% - 24.40%||$0||Fair||3 Stars|
|Bad Credit (Honorable Mention)||First National Bank of Omaha Secured Visa® Credit Card||N/A||18.24%||$0||Bad||4.7 Stars|
*Only available to the military community: current and former members as well as immediate family.
Whenever you carry a balance on a credit card 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 specific plan for how and when you’re going to get out of it. For example, getting a 0% credit card before a big-ticket purchase and paying off your balance before the 0% term ends is a great approach. Racking up expensive interest charges simply because you’re spending above your means is not.
With that being said, if you’re looking for a card with a low regular APR in case you happen to be unable to pay in full one month, here’s a breakdown of the offers with the lowest guaranteed rates. Just bear in mind that you’re likely to sacrifice a lot of rewards value by using a credit card with a low interest rate and little else to make everyday purchases.
10 Credit Cards with the Lowest Interest Rates
|Card Name||Annual Percentage Rate||Min. Credit Required|
|Coast Guard Auxiliary Platinum Rewards Credit Card||10.24% (V)||Good|
|American Society of Military Comptrollers Platinum Rewards Credit Card||10.24% (V)||Good|
|Coast Guard Auxiliary Association Cash Rewards Credit Card||10.24% (V)||Good|
|U.S. Army Warrant Officer Association Defender American Express Credit Card||10.24% (V)||Good|
|U.S. Army Warrant Officers Association Platinum Rewards Credit Card||10.24% (V)||Good|
|Air Force Club Credit Card||10.49% (V)||Good|
|Army MWR Credit Card||10.49% (V)||Good|
|Navy Credit Card||10.49% (V)||Good|
|Marine Corps Credit Card||10.49% (V)||Good|
|EverCard Visa Platinum Credit Card||10.50% (V)||Excellent|
As you can see, most of the credit cards with the lowest interest rates have a military focus. You don’t have to be a member of the armed forces to qualify, though. For example, anyone can join the Pentagon Federal Credit Union (PenFed), which issues the first five cards on the list, with a one-time payment of $14 or $15.