WalletHub’s editors compared 1,000+ offers to find the best low interest credit cards for both groups.
2018’s Best Low Interest Credit Cards:
|Best For...||Card Name||Intro APR||Regular APR||Annual Fee||Credit Required||Editor’s Rating|
|New Purchases||HSBC Gold Mastercard® credit card||0% for 18 months||12.24% - 20.24% (V)||None||Good||4.6 / 5|
|Balance Transfers||Chase Slate®||0% for 15 months||16.24% - 24.99% (V)||$0||Good||5.0 / 5|
|Fair Credit||USAA Rate Advantage Platinum Visa®||Not Offered||8.15% - 25.15% (V)||None||Fair||2.0 / 5|
|Bad Credit||primor® Secured Visa® Gold Card||Not Offered||9.99%||$49||Bad||2.7 / 5|
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, you can find them listed below.
Here are the credit cards with the lowest interest rates:
|Card Name||Annual Percentage Rate||Min. Credit Required|
|Simmons Bank Visa® Platinum||9.25% (V)||Excellent|
|First Command Bank Platinum Visa® Card||9.50% (V)||Excellent|
|Simmons Bank Visa® Platinum Rewards||11.25% (V)||Excellent|
|EverCard® Visa® Platinum Credit Card||11.25% - 25% (V)||Excellent|
|First Command Bank Classic Visa® Card||13.50% (V)||Excellent|
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.