People who pay off their credit cards each month may not worry about interest rates. But if you carry a balance from month to month, finding the best credit cards with a low rate can save you money. The fine print of credit card applications disclose interest rates, and when applying for a new credit card, you should pay attention to this section. Credit cards offer a range of APRs based on credit history. There is no way to guarantee your rate when you submit the application. But your chances of a low rate are higher if you have an excellent credit history.
Some of the best credit cards feature a low interest rate. This reduces how much you pay in interest and lowers your minimum payment. And with a low rate, it’s easier to pay off your balances. Don’t settle for a high rate. Here are the best credit cards for low interest rates.
1. Slate MasterCard from Chase
This credit card features a regular APR between 11.99% and 21.99%. Enjoy an introductory APR of 0% interest for the first 15 months on purchases and balance transfers. Transfer your balance within the first 60 days and pay no balance transfer fee. There is no annual fee.
2. Capital One VentureOne Rewards Credit Card
Featuring a regular APR between 11.90% and 19.90%. This credit card offers 0% interest on purchases for the first 12 months and no annual fee. As a cash rewards credit card, earn 1.25 miles per every dollar of every purchase, plus a one-time bonus of 10,000 miles when you spend $1000 in the first 90 days. There are no restrictions on when you redeem miles. Miles never expire and you can redeem rewards for hotels, car rentals, airline tickets and more. There is no foreign transaction fee when you use the card internationally.
3. BankAmericard Cash Rewards Credit Card
Enjoy an introductory rate of 0% interest on qualifying balance transfers and purchases for the first 12 billing cycles. Afterwards, pay a regular APR between 12.99% and 22.99%. Other features include a $100 cash reward when you spend $500 in your first 90 days. Earn 1% cash back on all purchases, as well as 2% cash back on groceries and 3% cash back on gas for the first $1,500 each quarter. Redeem your cashback bonus into a Bank of America savings or checking account and you’re eligible for a 10% bonus. Cash rewards never expire and there’s no annual fee.
4. U.S Bank Visa Platinum Card
Pay 0% interest on purchases and balance transfers for the first 15 billing cycles. Afterwards, pay a regular APR between 9.99% and 23.99%. There is no annual fee and zero dollars fraud liability on unauthorized purchases. Sign up for online account management and request account alerts to better manage your account. Receive your Experian credit score at no cost. Book a rental car with your U.S. Bank Visa platinum card and receive auto rental insurance at no extra cost.
5. Blue Cash Preferred from American Express
Spend $1000 in purchases in your first 90 days and receive 150 reward dollars. This credit card offers 0% interest on purchases for the first 12 months, and then a regular APR between 12.99% and 21.9%. Earn 6% cash back at stand-alone grocery stores and 3% cash back at stand-alone gas stations, as well as 1% cash back on all other purchases. There is a $75 annual fee.
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