Low Interest Credit Cards

A low rate credit card makes large balances a little more manageable. If you carry a balance from one month to another, a low interest credit card could be a good choice for you. Browse our partner offers and compare introductory rates, ongoing rates, annual fees, and rewards to find the right card for you.

See offers from our partners below.

Discover it® Cashback Match™

25,774 customer reviews

Apply Now Credit Needed
Excellent/Good
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • Earn 1% cash back on all other purchases.
  • Intro Offer: Discover will match all the cash back earned at the end of your first year, automatically.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • Use your rewards instantly at Amazon.com checkout.
  • No annual fee.
Apply Now at Discover's
secure site
Purchases Intro APR
0% for 14 months
Balance Transfers Intro APR
0% for 14 months
Regular APR
12.24% - 24.24% Variable
Annual Fee
$0
Credit Needed
Excellent/Good
See Rates & Fees

Capital One® VentureOne® Rewards Credit Card

Apply Now Credit Needed
Excellent, Good
  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25 miles per dollar on every purchase, every day and pay no annual fee
  • Fly any airline, stay at any hotel, anytime
  • Enjoy a low intro APR on purchases for 12 months; 13.24%-23.24% variable APR after that
  • Travel when you want with no blackout dates
  • No foreign transaction fees
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
Apply Now at Capital One's
secure site
Purchases Intro APR
0% intro on purchases for 12 months
Balance Transfers Intro APR
N/A
Regular APR
13.24% - 23.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent, Good

Capital One® Venture® Rewards Credit Card

Apply Now Credit Needed
Excellent, Good
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that
  • Get a metal Venture Card when you apply today
Apply Now at Capital One's
secure site
Purchases Intro APR
N/A
Balance Transfers Intro APR
N/A
Regular APR
14.24% - 24.24% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Credit Needed
Excellent, Good

Discover it® Miles

Discover it® Miles

322 customer reviews

Apply Now Credit Needed
Excellent/Good
  • We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
  • Unlimited 1.5x Miles per dollar on all purchases, every day, with no annual fee.
  • No Blackout Dates - fly any airline, stay at any hotel.
  • Redeem your Miles as a statement credit towards travel purchases.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • New! Receive Free Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • No Annual Fee.
Apply Now at Discover's
secure site
Purchases Intro APR
0% for 14 months
Balance Transfers Intro APR
10.99% for 14 months
Regular APR
12.24% - 24.24% Variable
Annual Fee
$0
Credit Needed
Excellent/Good
See Rates & Fees

Blue Cash Everyday® Card from American Express

Apply Now APPLY BY PHONE Credit Needed
Excellent, Good
  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • No annual fee.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.24% to 25.24%.
  • Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Terms Apply.
Apply Now at American Express's
secure site

or call American Express at

877-915-6432
Terms Apply
Purchases Intro APR
0% on Purchases for 15 months
Balance Transfers Intro APR
0% on Balance Transfers for 15 months
Regular APR
14.24%-25.24% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
See Rates & Fees

Citi® Diamond Preferred® Card

Apply Now APPLY BY PHONE Credit Needed
Excellent/Good
  • 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 14.24% - 24.24%, based on your creditworthiness*
  • 0% Intro APR on purchases for 12 months from date of account opening. After that the variable APR will be 14.24% - 24.24%, based on your creditworthiness*
  • If you transfer a balance after the 0% Intro purchase APR expires, new purchases and unpaid purchase balances will automatically accrue interest until all balances, including the transferred balance, are paid in full
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions
  • No annual fee*
  • Free access to FICO® Scores*
Apply Now at Citi's
secure site

or call Citi at

877-342-7930
Purchases Intro APR
0%* for 12 months on Purchases*
Balance Transfers Intro APR
0%* for 21 months on Balance Transfers*
Regular APR
14.24% - 24.24%* (Variable)
Annual Fee
$0*
Credit Needed
Excellent/Good

Wells Fargo Cash Wise Visa® Card

Apply Now Credit Needed
Excellent/Good
  • Earn a $200 cash rewards bonus after spending $1,000 in the first 3 months
  • Earn unlimited 1.5% cash rewards on purchases
  • Enjoy 1.8% cash rewards on qualified mobile wallet purchases, like Apple Pay® or Android Pay™, during the first 12 months from account opening
  • No category restrictions or sign ups and cash rewards don't expire as long as your account remains open
  • 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 Cash Wise Visa® Card
  • 0% Intro APR for 12 months on purchases and balance transfers, then a 14.24%-26.24% variable APR; balance transfer fees apply
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions
Apply Now at Wells Fargo's
secure site
Purchases Intro APR
0% for 12 months
Balance Transfers Intro APR
0% for 12 months
Regular APR
14.24%-26.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good

Chase Slate®

Chase Slate®

5,719 customer reviews

Apply Now Credit Needed
Excellent/Good
  • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • See monthly updates to your FICO® Score and the reasons behind your score for free
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Apply Now at Chase's
secure site
Purchases Intro APR
0% Intro APR on Purchases for 15 months
Balance Transfers Intro APR
0% Intro APR on Balance Transfers for 15 months
Regular APR
16.24% - 24.99% Variable
Annual Fee
$0
Credit Needed
Excellent/Good

Chase Freedom Unlimited®

Chase Freedom Unlimited®

8,818 customer reviews

Apply Now Credit Needed
Excellent/Good
  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.24-24.99%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Apply Now at Chase's
secure site
Purchases Intro APR
0% Intro APR on Purchases for 15 months
Balance Transfers Intro APR
0% Intro APR on Balance Transfers for 15 months
Regular APR
16.24% - 24.99% Variable
Annual Fee
$0
Credit Needed
Excellent/Good

Capital One® Quicksilver® Cash Rewards Credit Card

Apply Now Credit Needed
Excellent, Good
  • 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
  • Use your Quicksilver card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
  • 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 9 months; 14.24%-24.24% variable APR after that
  • Balance transfers also have a 0% intro APR for 9 months; 14.24%-24.24% variable APR after that; a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees
Apply Now at Capital One's
secure site
Purchases Intro APR
0% intro on purchases for 9 months
Balance Transfers Intro APR
0% intro on balance transfers for 9 months
Regular APR
14.24% - 24.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent, Good

Comparing Low Interest Credit Card Offers

Updated: January 16, 2018

Low interest/APR cards can help you pay down your debt or reduce interest paid on large purchases paid off over several months. It can also be your go-to line of credit in case of emergencies. Additionally, they can help those with irregular incomes float their expenses until they get paid again. If one of those situations sounds like yours, consider the following factors to help you make the best decision. But first, a summary of our featured cards this month.

CreditCards.com's Top Low Interest Credit Cards of 2018

There are cards out there that are well below the average APR for credit cards. The bottom line is that it’s helpful to have a card with a low interest rate as a backup. In the meantime, you can use it to build credit.

Here, we look at:

  • What is the average interest rate on a credit card?
  • What is a good interest rate on a credit card?
  • How do you calculate interest on a credit card?
  • How do you avoid paying interest on a credit card?
  • How do APRs work?

What is the average interest rate on a credit card?

The average interest rate on a credit card is just over 16% APR. The lowest category is low interest at just under 13%, and the highest category is bad credit at about 23.5%

What is a good interest rate on a credit card?

Some cards offer relatively low rates (13% APR variable and below), provided you have excellent credit, but they are still higher than the rates of installment loans, such as car loans and mortgages. Therefore, cards should not be used for long-term loans, although a card with a low interest rate can be handy as a backup. Instead, use a credit card as a way to build credit – by paying in full and on time each month, you avoid interest charges and you impact 65% of your FICO score.

How do you calculate interest on a credit card?

Most creditors assess interest or finance charges based on your average daily balance, and the interest is accrued daily, says credit expert Todd Ossenfort. “Each day the balance of your account is multiplied by the daily periodic rate and the interest calculated is added to your balance,” he says. “As an example, your $13,000 balance at a daily periodic rate of .02805 percent would add $3.6465 in finance or interest charges to your balance. The next day of the billing cycle your balance would be $13003.65 and multiplied by the daily periodic rate would add interest charges of $3.6475, which begins to add up.” To calculate interest on a credit card, use our handy-dandy interest calculators, which allow you to figure out how long it will take you to pay off a balance with the minimum payment; how much you can save by speeding up the payment process; and more.

How do you avoid paying interest on a credit card?

To avoid paying interest on a credit card, simply pay in full and on time each month. This has the bonus of helping you boost your credit score – those 2 good habits impact 65% of your FICO credit score, the dominant scoring model. They also positively impact your VantageScore, which you can get for free at CreditCards.com.

How do APRs work?

The annual percentage rate or APR is a financial term that is used by lenders to let you know how much interest you are being charged on a yearly basis for your loan, says credit expert Todd Ossenfort. APR is fairly simple for the fixed-rate loan example, he says. It gets more complicated with outstanding credit card balances. That’s because you may have several different APRs on one credit card account. For example, you may have an APR for balance transfers of 1.9 percent, an APR for purchases of 12 percent and a much higher APR of around 25 percent for cash advances, he says. “The key ingredient to getting the best possible APR for any loan is to have your credit in the best shape possible,” Ossenfort says. That means paying in full and on time, every time, and regularly checking your credit reports and score.

Want some more information?

You can read some individual reviews for low interest credit cards at our reviews section. You can get a better ideas of how products compare to one another so you can definitively decide on the best offer for your needs. Link to rate report to compare to our current national averages.

Recap - Our Top Low Interest Rate Credit Cards

Card0% Purchase APR PeriodAnnual FeeRegular APR
Discover it® Cashback Match™14 months$012.24% - 24.24% Variable
Capital One® VentureOne® Rewards Card12 months$013.24% - 23.24% Variable
Capital One® Venture® Rewards CardN/A$0 in first year, then $9514.24% - 24.24% Variable
Discover it® Miles14 months$012.24% - 24.24% Variable
Blue Cash Everyday® Card from American Express15 months$014.24% - 25.24% Variable
Citi® Diamond Preferred® Card12 months$014.24% - 24.24%* Variable
Wells Fargo Cash Wise Visa® Card12 months$014.24% - 26.24% Variable
Chase Slate®15 months$016.24% - 24.99% Variable
Chase Freedom Unlimited®15 months$016.24% - 24.99% Variable
Capital One® Quicksilver® Cash Rewards Credit Card9 months$014.24% - 24.24%* Variable

Join the Discussion

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* For additional rates, fees and costs see issuer's website for detailed pricing and terms.