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Low Interest/APR Categories Overview

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Low Interest Rate Credit Cards are credit cards that offer you a reduced interest rate for balances that you maintain on the card from month to month.  Most credit cards charge a very high amount for carrying a balance from month to month  on your credit card - this is how the credit card companies make most of their money and can afford to offer all of the competitive perks that the other categories on this site describe.

With a low interest credit card, you can't expect many other perks like rewards or cash back without paying a higher rate. Low interest credit cards will often come with no annual fee and rates between 6.99% and 9.99%, as opposed to the 20%+ you will see on Rewards Credit Cards or Cash Back credit cards. Like many credit cards, the APR is variable and indexed to the prime rate. Most low interest credit cards will also require good to excellent credit.

Low interest credit cards are great if you carry a balance and need to keep the interest low. As with all credit cards, on-time payment history is the best way to ensure that you keep your low rate. Below are some of our favorite low interest credit cards.

Discover It Credit Card

Discover It Credit Card
Preferred
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  • The new Discover it card is out to change the way people think about credit cards.
  • Fair...No annual fee. No over-limit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And we won't increase your APR for paying late*
  • Generous...5% Cashback Bonus on up to $1,500 in purchases at Home Improvement Stores now through June with free and easy sign-up. And 1% cash back on all other purchases*
  • Plus a Cashback Concierge who guides a free, personalized online tour to help you get the most rewards for how you use your card
  • Flexible...Choose your own due date and pay up to midnight ET online or by phone
  • Human...talk to a real person any time with 100% U.S.-based service
  • Safe...Because you'll never pay for unauthorized purchases with our $0 Fraud Liability Guarantee
  • 0% Intro APR* on purchases and balance transfer for 14 months. Then the variable purchase APR applies, currently 10.99%-22.99%. *Click apply for Terms & Conditions

Capital One VentureSM Rewards Credit Card

Capital One VentureSM Rewards Credit Card
Preferred
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  • Named MONEY® Magazine's "Most Rewarding card if you crave free airline flights"
  • Earn double miles on every purchase, every day
  • Redeem your miles for any travel expense
  • New accounts get a $0 intro annual fee for the first year; plus earn 10,000 bonus miles
  • No foreign transaction fee

Citi Simplicity Card

Citi Simplicity Card
Preferred
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  • No penalty for late payments or exceeding your credit limit
  • No late fees for making payments after their due dates
  • 0% Introductory APR for Balance Transfers for 18 months
  • 0% Introductory APR on purchases for 18 months

Discover It Credit Card Promotional 18-Month Balance Transfer

Discover It Credit Card Promotional 18-Month Balance Transfer
Preferred
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  • The new Discover it card is out to change the way people think about credit cards.
  • Fair…No annual fee. No over-limit fee. No foreign transaction fee & no pay-by-phone fee. No late fee on your first late payment. And we won’t increase your APR for paying late.*
  • Generous…5% Cashback Bonus on up to $1,500 in purchases at Home Improvement Stores now through June with free and easy sign-up. And 1% cash back on all other purchases.*
  • Plus a Cashback Concierge who guides a free, personalized online tour to help you get the most rewards for how you use your card.
  • Flexible…Choose your own due date and pay up to midnight ET online or by phone.
  • Human…talk to a real person any time with 100% U.S.-based service.
  • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. *Click apply for Terms & Conditions.

IberiaBank Visa Classic Card

  • Low variable rate of 7.25%, 10.25%, or 13.25% based on your credit worthiness.
  • Low Introductory APR on balance transfers of 1.99% for your first 6 billing cycles.
  • Excellent Credit is required in order to get approved. As a minimum guideline, Excellent Credit may refer to a credit history free of derogatory information, including current or past delinquency, bankruptcy, and/or collections.
  • Proof of Income is required on both the applicant and co-applicant (if applicable) to complete an application.

Capital One Secured Mastercard

  • Get the credit you need with no processing fees or application fees
  • Automatic reporting to the 3 major credit bureaus
  • Track credit with access to your credit score and other tools
  • Your refundable security deposit can get you a line up to $3000
  • You may qualify for credit line increases with no further security deposit required
  • Use it like any MasterCard credit card, accepted at millions of locations worldwide

Discover It for Business Miles Credit Card

  • 0% intro APR on purchases for 6 months
  • Industry-leading Miles Rewards Program
  • Double Rewards for Shopping through Discover Mall
  • Unrestricted Travel Booking

Capital One Platinum Credit Card

  • Get the credit you need, with MasterCard® benefits
  • Customize your card design with Image Card
  • Stay on top of your account with free text alerts*
  • Access your account 24/7

Capital One Classic Platinum Credit Card

  • Get the credit you need, with MasterCard® benefits
  • Customize your card design with Image Card
  • Enjoy $0 Fraud Liability protection
  • Stay on top of your account with free text alerts*
  • Access your account 24/7

Chase Freedom Credit Card

  • Earn 5% cash back on up to $1500 spent in bonus categories each quarter
  • Earn unlimited 1% Cash Back on all other purchases; cash back rewards don't expire
  • $100 Bonus Cash Back after spending $500 in the first three months
  • Earn extra cash back when you shop online through Chase

Slate from Chase

  • Introductory Offer – No Balance Transfer Fee!*
  • 0% Introductory APR for 15 months on purchases and balance transfers!* After first 15 months, a variable APR of 11.99%, 16.99%, or 21.99%*
  • Free Blueprint features that help avoid interest on everyday purchases and pay down balances faster*
  • Patented Fraud Protection and zero liability on unauthorized purchases*

VentureOne(SM) Rewards Credit Card

  • Earn 1.25 miles per dollar on every purchase, every day
  • No annual fee 
  • Fly free on any airline, any time, with no blackout dates
  • For new accounts, earn 10,000 bonus miles
  • Save with a low intro APR on purchases and no annual fee
  • No foreign transaction fees

Rewards MasterCard - Excellent Credit

  • 5,000 Bonus Points after your first purchase – enough for $50 cash back
  • Competitive Rewards System
  • 0% intro APR for 12 months on Balance Transfers and Purchases
  • Redeem for flights, shopping, dining and more 
  • Use your points like cash to pay for any purchase you've made

Citi Diamond Preferred Card

  • Earn Extra Cash on 10% of your purchases, redeemable from the Citi website marketplace
  • Fraud Protection
  • Low balance transfer fee – 3%, and 0% interest for 18 months
  • 0% Introductory APR on purchases for 18 months
  • Diamond Platform Benefits and Rewards

Dividend Platinum Select Visa

  • $100 cash back after $500 in purchases within the first 3 months of account opening
  • 0% Intro APR on Balance Transfers and Purchases for 12 months.
  • Earn 5% cash back on rotating categories of stores, with no enrollment fee
  • Full 1% cash back on all other purchases and eligible cash advances.
  • No Annual Fee

Barclaycard Ring MasterCard

  • First and only community-built credit card
  • 8% fee (about half the industry average) for purchases, balance transfers and cash advances
  • $25 late fee
  • No penalty rate hike for late payers