WalletHub’s editors compared 1,000+ offers to find the best low interest credit cards for both groups.
Here Are 2017’s Best Low Interest Credit Cards:
|Best For...||Card Name||Intro APR||Regular APR||Annual Fee||Credit Required||Editors' Rating|
|New Purchases||Citi® Diamond Preferred® Card||0% for 21 months||13.49% - 23.49% (V)||$0||Good||5 Stars|
|Balance Transfers||Barclaycard Ring Mastercard®||0% for 15 months (transfers made within 45 days of account opening)||13.99% (V)||$0||Excellent||4.7 Stars|
|Fair Credit (Honorable Mention)||USAA Rate Advantage Platinum Visa®*||N/A||7.90% - 24.90% (V)||$0||Fair||2 Stars|
|Bad Credit (Honorable Mention)||primor® Secured Visa Gold Card||N/A||9.99%||$49||Bad||2.7 Stars|
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 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.
If you want to know which cards have the lowest of the low regular APRs, here they are:
5 Credit Cards with the Lowest Interest Rates
|Card Name||Annual Percentage Rate||Min. Credit Required|
|Simmons Bank Visa® Platinum||8.25% (V)||Excellent|
|First Command Bank Platinum Visa® Credit Card||9.25% (V)||Excellent|
|Simmons Bank Visa® Platinum Rewards||10.25% (V)||Excellent|
|EverCard® Visa® Platinum Credit Card||11% (V)||Excellent|
|First Command Bank Classic Visa® Credit Card||13.25% (V)||Excellent|
To get a sense for how low these APRs are, check out WalletHub’s latest Credit Card Landscape. You will find average credit card rates for the entire market as well as for people with excellent credit, good credit, etc.