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Low Interest

Low Interest Credit Cards

Find credit cards with low interest rates. Compare offers and apply online.

How to Choose the Best Low Interest Credit Card

If you plan on carrying a balance on your credit card from one month to the next, your best bet is a card with a low interest rate. It will minimize the interest you pay and free up your funds. But which one should you choose? Compare introductory annual percentage rates (APRs), regular APRs, and annual fees to determine the best card for you.

However, if you consistently pay your balance in full each month, you should look at a rewards credit card instead. That way, you can earn cash back, free travel, or other perks.

Low 8% Variable APR on Balance Transfers and Purchases

If you have excellent credit, consider the Barclaycard Ring MasterCard. The card offers no annual fee, no balance transfer fees, and a low 8% variable APR.

Barclaycard Ring MasterCard - 1% Back on Balance Transfers
Apply for Barclaycard Ring MasterCard - 1% Back on Balance Transfers
  • Get a 1% Statement Credit back on the amount of balance transfers made in the first 60 days of account opening
  • No Balance Transfer Fees - start saving immediately!
  • A low 8% variable APR on balance transfers and purchases
  • No Annual Fees
  • Choose your card benefits and features
  • Get rewarded through the new Giveback™ program, where Barclaycard Ring members get money back for good performance
  • Get exclusive access to our online community and vote on the card features you like and view the financials of the Barclaycard Ring MasterCard online
  • Learn more about personal finance from Barclaycard and other members
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
8% (Variable)
$0

Introductory 0% APR & Cash Back Rewards

Do you want to earn rewards and have an introductory low interest rate? The Discover it™ - 18 Month Balance Transfer card offers an introductory 0% APR on balance transfers for 18 months, an introductory 0% APR on purchases for 6 months, and a generous rewards program.

Discover it
Apply for Discover it
  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*
  • Human. 100% U.S.-based customer service available any time.
  • Safe. Because you're never responsible for unauthorized charges with our $0 Fraud Liability Guarantee.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • *Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other information.
Cash Back RewardsBonus Cash BackNo Limits on RewardsExtended WarrantyPurchase ProtectionReturn Protection$0 Fraud Liability
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 6 months
0% for 18 months
10.99% - 22.99% Variable*
$0

To learn how you can minimize interest expense and save money in the long run, read our guide on the Power of the Extra Dollar.

Disclaimer: This content is not provided or commissioned by the company whose products are featured on this site. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: Discover is a paid advertiser of CreditDonkey.


Low Interest on Purchases

Barclaycard Ring MasterCard - 1% Back on Balance Transfers
Read ReviewApply for Barclaycard Ring MasterCard - 1% Back on Balance Transfers
  • Get a 1% Statement Credit back on the amount of balance transfers made in the first 60 days of account opening
  • No Balance Transfer Fees - start saving immediately!
  • A low 8% variable APR on balance transfers and purchases
  • No Annual Fees
  • Choose your card benefits and features
  • Get rewarded through the new Giveback™ program, where Barclaycard Ring members get money back for good performance
  • Get exclusive access to our online community and vote on the card features you like and view the financials of the Barclaycard Ring MasterCard online
  • Learn more about personal finance from Barclaycard and other members
Our Review: With a low 8% variable APR on purchases, a community-driven approach to card benefits and a community-based formula for rewards, the Barclaycard Ring might be the world's best social credit card. The novel, community-driven approach allows cardholders to vote on what benefits or features they want and share in the estimated profit of the community's financial performance... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
8% (Variable)
$0

Citi Diamond Preferred Card
Read ReviewApply for Citi Diamond Preferred Card
  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
  • Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
ConciergeEventsCar Rental InsuranceExtended WarrantyPurchase ProtectionBaggage InsuranceTravel Accident Insurance$0 Fraud LiabilityEmergency Assistance
Our Review: With its 18-month 0% APR on purchases and balance transfers, the Citi Diamond Preferred Card is a great pick for people who carry a balance. While this card does offer a few other benefits, such as a concierge service and price protection, its main attraction is its introductory APR... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0%* for 18 months*
0%* for 18 months*
11.99% - 21.99%* (Variable)
$0*

Discover it
Read ReviewApply for Discover it
  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*
  • Human. 100% U.S.-based customer service available any time.
  • Safe. Because you're never responsible for unauthorized charges with our $0 Fraud Liability Guarantee.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • *Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other information.
Cash Back RewardsBonus Cash BackNo Limits on RewardsExtended WarrantyPurchase ProtectionReturn Protection$0 Fraud Liability
Our Review: A generous cash back and 18-month balance transfer offer makes the Discover It Card the go-to card to keep more money in your pocket. When you consider the rewards, low fees, and good customer service, it’s pretty easy to see why Discover It is one of the most popular cash back credit cards available... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 6 months
0% for 18 months
10.99% - 22.99% Variable*
$0

U.S. Bank Visa Platinum Card
Read ReviewApply for U.S. Bank Visa Platinum Card
  • 0% Intro APR* on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 9.99%-23.99%
  • No annual fee*
  • Online bill pay for a fast and convenient way to pay bills online with your U.S. Bank Visa® Platinum
  • $0 fraud liability* for unauthorized transactions if your card is ever lost or stolen
  • Fraud Protection detects and notifies you of any unusual card activity to help prevent fraud
  • Online account management and account alerts
Car Rental Insurance$0 Fraud Liability
Our Review: With free access to your monthly credit score and no annual fee, the US Bank Platinum Visa Card is a good choice for those who plan to carry a balance. The lack of rewards makes it less than ideal for those who don't carry a balance. However, if you’re paying down some debt, the 0% intro APR and low regular APR make this card the way to go... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
9.99% - 23.99%* (Variable)
$0*

Disclaimer: This content is not provided or commissioned by the company whose products are featured on this site. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: Discover is a paid advertiser of CreditDonkey.


Low Interest on Balance Transfers

U.S. Bank Visa Platinum Card
Read ReviewApply for U.S. Bank Visa Platinum Card
  • 0% Intro APR* on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 9.99%-23.99%
  • No annual fee*
  • Online bill pay for a fast and convenient way to pay bills online with your U.S. Bank Visa® Platinum
  • $0 fraud liability* for unauthorized transactions if your card is ever lost or stolen
  • Fraud Protection detects and notifies you of any unusual card activity to help prevent fraud
  • Online account management and account alerts
Car Rental Insurance$0 Fraud Liability
Our Review: With free access to your monthly credit score and no annual fee, the US Bank Platinum Visa Card is a good choice for those who plan to carry a balance. The lack of rewards makes it less than ideal for those who don't carry a balance. However, if you’re paying down some debt, the 0% intro APR and low regular APR make this card the way to go... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 15 months
0% for 15 months
9.99% - 23.99%* (Variable)
$0*

Discover it
Read ReviewApply for Discover it
  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Pay up to midnight ET online or by phone on your due date without a fee. Plus, paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*
  • Human. 100% U.S.-based customer service available any time.
  • Safe. Because you're never responsible for unauthorized charges with our $0 Fraud Liability Guarantee.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • *Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other information.
Cash Back RewardsBonus Cash BackNo Limits on RewardsExtended WarrantyPurchase ProtectionReturn Protection$0 Fraud Liability
Our Review: A generous cash back and 18-month balance transfer offer makes the Discover It Card the go-to card to keep more money in your pocket. When you consider the rewards, low fees, and good customer service, it’s pretty easy to see why Discover It is one of the most popular cash back credit cards available... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0% for 6 months
0% for 18 months
10.99% - 22.99% Variable*
$0

Citi Diamond Preferred Card
Read ReviewApply for Citi Diamond Preferred Card
  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
  • Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
ConciergeEventsCar Rental InsuranceExtended WarrantyPurchase ProtectionBaggage InsuranceTravel Accident Insurance$0 Fraud LiabilityEmergency Assistance
Our Review: With its 18-month 0% APR on purchases and balance transfers, the Citi Diamond Preferred Card is a great pick for people who carry a balance. While this card does offer a few other benefits, such as a concierge service and price protection, its main attraction is its introductory APR... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0%* for 18 months*
0%* for 18 months*
11.99% - 21.99%* (Variable)
$0*

Citi Simplicity Card
Read ReviewApply for Citi Simplicity Card
  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - EVER
  • No penalty rate - EVER
  • No annual fee - EVER
  • Save time when you call with fast, personal help, 24 hours a day.
Car Rental InsuranceExtended Warranty$0 Fraud LiabilityIdentity Theft Assistance
Our Review: By not charging for late payments, the Citi Simplicity Card gives cardholders some breathing room when it comes to managing their credit. Plus, with an 18-month 0% introductory APR on purchases and balance transfers, this card is a smart pick for people who carry a balance. In exchange for this flexibility, the Citi Simplicity Card does not have a rewards program... Read full review
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
0%* for 18 months*
0%* for 18 months*
12.99% - 21.99%* (Variable)
$0*

Disclaimer: This content is not provided or commissioned by the company whose products are featured on this site. Any opinions, analyses, reviews or evaluations provided here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Advertiser. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: Discover is a paid advertiser of CreditDonkey.


Low Interest Credit Cards Benefits

Top 3 Benefits of Low Interest Credit Cards

Credit cards with low interest rates are a great way for consumers to increase their buying power while saving money.

  • Saves money

    If you plan on carrying a balance on your credit card – and who doesn’t nowadays – then the interest rate associated with that card becomes extremely important. The higher the rate, the more you will have to pay for using the card for your purchases.

    Just think, when you purchase a $1,200 TV using a credit card with a 24% APR, you will spend $576 in interest if you pay off that purchase over a two-year span. If you purchase that same TV with a low interest credit card that has an APR of 11%, you will spend just $264 in the same time period. That’s a savings of $312. Now, apply that savings to all of your small and big purchases, and you can see how low interest rates credit cards can save you money.

    You will also save money with a low interest credit card if you use it for balance transfers. A balance transfer is when you utilize your low rate card to pay off other credit cards. This can save you big money depending on the rate of the card that you are paying off. As demonstrated by the above example, cutting your APR in half can seriously decrease your interest paid over time.

    Estimate Your Balance Transfer Savings

    Enter information about your existing credit card(s)
    CardBalanceAPR (Interest Rate)
    #1$ %
    #2$ %
    #3$ %

    Enter information about the card you're transferring to
    Enter the intro APR on Balance Transfers (Interest Rate): %
    Enter the length of the intro period: months
    Enter the regular APR (Interest Rate): %
    Enter the annual fee:$
    Enter the balance transfer fee (% of balance): %
    Enter monthly payment:$

  • Lowers minimum payment

    Credit cards with low interest not only save you money in the long run, they can also free up cash every month. This is because lower interest results in lower monthly payments.

    Minimum payments are a specific percentage of what you owe. The less you owe in interest, the less you will owe overall for your credit card. This means you have more money each month to pay other bills and do something fun with your friends and family.

  • Pays off debt faster

    Low interest credit cards make it easier and faster to pay off your credit card debt. As mentioned previously, the credit cards can be used to complete balance transfers. When you transfer balances from your high rate cards, your debts will get the lower interest rate. So if you continue to pay the same amount each month that you were paying under the higher rate cards, your debts will be paid in full much faster.

    For example, say you had a $1,000 balance on a 21% APR card. Minimum monthly payments for that card were $40; making just the monthly payments would take you 7 years and 11 months to pay off the card. If you were to do a balance transfer to a low interest credit card with an APR of 9.9%, but continued making the same monthly payment, you would pay off the debt in 6 years instead. That’s paying off the debt almost 2 years earlier while still saving big money.


Articles on Low Interest Credit Cards

    Ways to Invest $1000

    February 6, 2014 - By Sheryl Nance-Nash - Money Tips
    A grand isn't a grand sum, but it's big enough to get the party started. When that tax refund comes in, you get a bonus. If you're wondering what $1,000 can do, here are 10 places to invest it.

    How to Calculate Credit Card Interest

    By Meghan Clark - Money Tips
    Credit cards can make shopping easier in some ways, but they can also make it much more expensive. If you don’t pay off your balance every month – or fail to pay the bill at all – the interest charges quickly add up. If you’ll be making a ...

    How to Increase Credit Card Limit

    By Meghan Clark - Money Tips
    Many credit card users discover their current credit limit just isn’t enough. They may anticipate needing to buy overseas plane tickets, an extended stay hotel reservation, or perhaps a special present.
    Infographic: Compound Interest

    What Is Compound Interest

    By Annette O'Connor - Money Tips
    Compound interest – the wonderful banking principle that helps your savings grow at a faster rate each year. Simply set up automatic deduction from your paycheck, sit back, watch your retirement grow and let your worries fly away. If only it ...
    Infographics: Gas Debt

    Credit Card Usage Statistics

    May 21, 2012 - By Annette O'Connor - News
    Are some people going into debt to buy gas as fuel prices rise? Are some people trying to dig out of a mountain of credit card debt with a minimum-payment teaspoon? How are people who are struggling financially using their credit cards and ...
    Infographics: The Power of the Extra Dollar

    Credit Card Debt Statistics

    Nobody wants to pay more than they have to. But paying even just an extra dollar on all your long-term loans or credit card bills can save you money in the long run.
    Infographics: Pet Care

    Pet Care Statistics

    By Kelly Teh - Money Tips
    In an era of tight family budgets and rising veterinary bills, pet owners should plan ahead for their animals’ healthcare needs to avoid catastrophic financial and personal losses.
    Infographics: Hispanics Drive America Forward

    Hispanics Drive America Forward as More Gain Access to Credit

    By Andrew Green - Money Tips
    As more Hispanics gain access to credit and credit cards, they continue to play an expanding role in the American economy. Key demographic trends and credit card usage rates among Hispanic Americans show they are helping to drive the nation ...

About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

IMPORTANT LEGAL DISCLAIMERS. READ CAREFULLY.
Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.