Save money and be informed. CreditDonkey is a credit card comparison and financial education website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†
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 help 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 right 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.
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 15.99-24.74%. 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
Our Review: With 1.5% cash back and no annual fee, does Chase Freedom Unlimited live up to the hype? Read this in-depth review to see how it stacks up... Read full review
Our Review: If you want a cash back credit card with the same rewards categories year-round and no annual fee, then consider the Blue Cash Everyday® Card from American Express. Read on for the pros and cons... Read full review
Our Review: If you tend to charge at least 20 purchases a month on your credit card, you may want to consider switching to the Amex EveryDay® Credit Card from American Express. Read on for the reasons why the rewards credit card may be a good addition to your wallet... Read full review
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% on Purchases for 12 months
0% on Balance Transfers for 12 months
13.99% - 23.99% Variable
$0
Citi Diamond Preferred® Card offers a 0% introductory APR on purchases and balance transfers for 21 months. After that, a variable APR, currently 13.99% to 23.99% depending on your creditworthiness. There is a 3% balance transfer fee ($5 minimum). There is no annual fee.
Our Review: With its 21-month introductory 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, its main attraction is its introductory APR... Read full review
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0%* for 21 months*
0%* for 21 months*
13.99% - 23.99%* (Variable)
$0*
Citi Simplicity® Card offers a 0% introductory APR on balance transfers and purchases for 21 months. After that, a variable APR, currently 14.99% to 24.99% depending on your creditworthiness. There is a 3% balance transfer fee ($5 minimum). There are no late fees, no penalty rates and no annual fees.
Our Review: Do you have existing debt? The Citi Simplicity is a great way to pay if off faster with a generous intro APR offer. Find out if it's right for you and how it compares with other balance transfer cards... Read full review
BankAmericard® Credit Card offers a $0 introductory balance transfer fee for transfers made within the first 60 days of opening your account. After that, the balance transfer fee is 3% ($10 minimum). This card has a 0% intro APR for 15 months on purchases and balance transfers (made within 60 days of opening your account). After that, a variable APR of 12.99% - 22.99%. There is no annual fee.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% Introductory APR for 15 billing cycles
0% Intro APR for 15 billing cycles for balance transfers made in the first 60 days
12.99% - 22.99% Variable APR on purchases and balance transfers
$0
Citi ThankYou® Preferred Card offers a 0% intro APR for 15 months on balance transfers and purchases. After that, a variable APR, currently 14.49% - 24.49%. This card earns 2x points on dining out and entertainment and 1x points on other purchases. There is no annual fee.
Our Review: If you're looking for a simple rewards card with a straightforward points structure the Citi ThankYou Preferred Rewards card might be a good fit for you. There are no complicated rotating “bonus reward” categories, no expiration dates on points earned, and no annual fee -- purchases will earn you 1 point for each dollar you spend with the exception of dining and entertainment purchases which earn double points... Read full review
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0%* for 15 months*
0%* for 15 months*
14.49% - 24.49%* (Variable)
$0*
Chase Freedom lets you earn a $150 bonus after spending $500 on purchases in your first 3 months from account opening. There is a 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. The balance transfer fee is 5% of the amount transferred, $5 minimum.
This is the fun part: You can earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter. Unlimited 1% cash back on all other purchases. The cash back rewards do not expire as long as your card account remains open. There is no annual fee.
Our Review: Chase Freedom is one of the best credit cards for cash back, if used the right way. If not, there are drawbacks. Read on for the pros and cons to determine if this card is right for you... Read full review
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% for 15 months
0% for 15 months
15.99% - 24.74% Variable
$0
Chase Slate offers a $0 introductory balance transfer fee (for transfers made during the first 60 days of account opening). This card has a 0% introductory APR for 15 months on purchases and balance transfers. After that, a variable APR, currently 15.99% to 24.74%. Plus, you can receive your Monthly FICO Score for free. There is a $0 annual fee.
Our Review: If you have credit card debt, Chase Slate's no balance transfer fee promotion and introductory APR offer is tempting. But is there a catch? Read this review before transferring your balance... Read full review
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% for 15 months
0% for 15 months
15.99% - 24.74% Variable
$0
Disclaimer: The information for the Citi Diamond Preferred® Card, Citi Simplicity® Card, BankAmericard® Credit Card, Citi ThankYou® Preferred Card, Chase Freedom, and Chase Slate has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.
Signing up for a card with a sign-up bonus or an introductory offer can be a great way to get a head start on earning rewards or to get a handle on your debt.
Our Review: If you want a cash back credit card with the same rewards categories year-round and no annual fee, then consider the Blue Cash Everyday® Card from American Express. Read on for the pros and cons... Read full review
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 15.99-24.74%. 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
Our Review: With 1.5% cash back and no annual fee, does Chase Freedom Unlimited live up to the hype? Read this in-depth review to see how it stacks up... Read full review
Our Review: If you tend to charge at least 20 purchases a month on your credit card, you may want to consider switching to the Amex EveryDay® Credit Card from American Express. Read on for the reasons why the rewards credit card may be a good addition to your wallet... Read full review
$200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) - that means spending $60 a week at U.S. supermarkets could earn over $180 back per year.
3% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 13.99% to 24.99%.
Expanding merchant acceptance: Over 1 million more places in the U.S. started accepting American Express® Cards in the last year.
$95 annual fee.
Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
Our Review: If you are looking to get cashback rewards on common household categories like purchases at U.S. supermarkets and U.S. gas stations, consider the Blue Cash Preferred® Card from American Express. Amex created the Preferred card as an upgrade to the Blue Cash Everyday... Read full review
Enjoy 40,000 bonus miles after you spend $3,000 on purchases in the first 90 days - that's enough to redeem for a $400 travel statement credit toward an eligible travel purchase
Earn 2X miles on all purchases
Get 5% miles back to use toward your next redemption, every time you redeem
Miles don't expire as long as your account is open, active and in good standing
No foreign transaction fees on purchases made while traveling abroad
0% introductory APR for 12 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 16.99%, 20.99% or 23.99%, based on your creditworthiness.
There is a fee for balance transfers.
Our Review: Is this 2x miles credit card worth the $89 annual fee? Read on to see how the Barclaycard Arrival Plus® World Elite Mastercard® compares with other top travel rewards credit cards... Read full review
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
N/A
0% for 12 months (on balance transfers made within 45 days of account opening)
16.99%, 20.99% or 23.99% Variable
$89 - Waived first year
Citi Diamond Preferred® Card offers a 0% introductory APR on purchases and balance transfers for 21 months. After that, a variable APR, currently 13.99% to 23.99% depending on your creditworthiness. There is a 3% balance transfer fee ($5 minimum). There is no annual fee.
Our Review: With its 21-month introductory 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, its main attraction is its introductory APR... Read full review
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0%* for 21 months*
0%* for 21 months*
13.99% - 23.99%* (Variable)
$0*
Citi Simplicity® Card offers a 0% introductory APR on balance transfers and purchases for 21 months. After that, a variable APR, currently 14.99% to 24.99% depending on your creditworthiness. There is a 3% balance transfer fee ($5 minimum). There are no late fees, no penalty rates and no annual fees.
Our Review: Do you have existing debt? The Citi Simplicity is a great way to pay if off faster with a generous intro APR offer. Find out if it's right for you and how it compares with other balance transfer cards... Read full review
Citi® Double Cash Card earn cash back twice on every purchase. You earn 1% cash back when you buy, and an additional 1% cash back as you pay for those purchases. There is no annual fee.
Our Review: With no annual fee and the opportunity to earn cash back twice, the Citi Double Cash card beats out many cashback credit cards. But are there catches? Read on for the full details... Read full review
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
N/A
0%* for 18 months*
14.49% - 24.49%* (Variable)
$0*
BankAmericard® Credit Card offers a $0 introductory balance transfer fee for transfers made within the first 60 days of opening your account. After that, the balance transfer fee is 3% ($10 minimum). This card has a 0% intro APR for 15 months on purchases and balance transfers (made within 60 days of opening your account). After that, a variable APR of 12.99% - 22.99%. There is no annual fee.
Intro APR for Purchases
Intro APR for Balance Transfer
Regular APR
Annual Fee
0% Introductory APR for 15 billing cycles
0% Intro APR for 15 billing cycles for balance transfers made in the first 60 days
12.99% - 22.99% Variable APR on purchases and balance transfers
$0
Disclaimer: The information for the Citi Diamond Preferred® Card, Citi Simplicity® Card, Citi® Double Cash Card, and BankAmericard® Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.
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)
Card
Balance
APR (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.
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 ...
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.
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 ...
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 ...
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.
