As much as we’d love to pay all of our credit card balances in full, sometimes that’s just not possible. Credit cards offer purchase protection on large purchases and finding a credit card with a low interest rate is a necessity if you choose to finance a purchase with a credit card. Some cards can draw consumers with high rewards or amenities but a low-interest credit card saves you the most money in the long-run.
Sadly, the days of sub 5.00% APR’s are gone but if you look hard enough, you can still find good low interest rate credit cards. We’ve compiled a list of the best low interest rate credit cards below and if you own a card you feel deserves on the list, let us know and we’ll add it.
Best Low Interest Credit Cards
Simmons First Visa® Platinum – If you thought the PenFed Promise Visa Card was boring, then allow me to introduce you to the Simmons First Visa® Platinum. This card offers cardholders a very very low 7.25% APR. The Simmons First Visa® Platinum does not have a rewards program or introductory offer so it’s best and only feature is the low APR. Last but not least, this card carries no annual fee.
Citi® Dividend Platinum Select® Visa® Card. – With the Citi® Dividend Platinum Select® Visa® Card you’ll find a 0% Intro APR on Purchases and Balance Transfers for 12 months. After that, the APR will be 12.99%-22.99% variable based on your creditworthiness* This card is great for the first 12 months of purchases and balance transfers, and you can still have a very attractive APR after the intro period, depending on your creditworthiness. This card features an excellent rewards program: Earn 5% CASH BACK in categories every quarter. Right now, on eligible purchases within the Hilton Portfolio, car rental agencies, movie theaters and theme parks from 7/1/14 – 9/30/14. Enrollment each quarter is quick and easy. You can earn 1% cash back on all other purchases. The total cash back earned with the card is $300 per calendar year, excluding the $100 cash back with this offer. See Citi Dividend Card Reward Program Information. Finally, you can earn $100 cash back after $500 in purchases within the first 3 months of account opening. There is No Annual Fee*. Click Apply Now to see pricing details.