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LOW INTEREST RATE CREDIT CARDS
Offers listed in the low interest credit card category feature a low long term interest rate and/or a low introductory APR, such as a 0% interest rate on purchases and balance transfers. The majority of credit cards on the market today offer multiple interest rates. These are displayed in a range, typically going from a low of 11.99% to a high of 20.99% or more. The rate you will receive is not determined until after applications have been submitted. However, in general, the better your credit, the lower your rate will be.
Below you will find information on low interest rate credit cards as well as links to secure online applications. All links open in new windows. If a link fails to open, temporarily disabling your pop-up blocker will fix the problem.
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CITI® PLATINUM SELECT® MASTERCARD® |
MORE DETAILS HERE
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- 0% Intro APR on balance transfers and purchases for 18 months. After that, the variable APR will be 11.99%-21.99% based on your creditworthiness.*
- Extra Cash from Citi: enjoy discounts on gift cards, travel, merchandise and more
- Citi® Identity Theft Solutions
- No annual fee*
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Intro APR on Purchasess |
Intro APR on Transfers
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Regular APR
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Annual Fee
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Credit Type
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0% for 18 Months*
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0% for 18 Months*
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11.99%-21.99% Variable*
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None
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Good
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DISCOVER® MORE CARD - LIMITED TIME NO FEE BALANCE TRANSFER |
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- Limited Time Offer - $0 Balance Transfer Fee!*
- 0% intro APR on purchases and balance transfers for 12 months, then the variable standard purchase APR of 10.99% - 19.99%*
- 5% Cashback Bonus® in categories that change like gas, restaurants, department stores and more. Limitations apply*
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
- Discover is ranked #1 in customer loyalty--15 years in a row! (2011 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S.-based Account Manager within 60 seconds
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
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Intro APR on Purchasess |
Intro APR on Transfers
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Regular APR
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Annual Fee
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Credit Type
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0% for 12 Months*
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0% for 12 Months*
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10.99%-19.99% (Variable)
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None
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Good
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CITI® DIVIDEND PLATINUM SELECT® VISA® CARD - $100 CASH BACK |
MORE DETAILS HERE
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- $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. After that, the APR will be 12.99%-22.99% based on your creditworthiness*. This APR will vary with the market based on the Prime Rate.
- 5% cash back on fitness club, health care, and utilities purchases from 1/1/2012 to 3/31/2012 upon enrollment. Each quarter, you can enroll to earn additional cash back in popular categories. To learn
more, visit dividend.quarterlyoffer.citi.com.
- Full 1% cash back on all other purchases and eligible cash advances
- No Annual Fee*
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Intro APR on Purchasess |
Intro APR on Transfers
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Regular APR
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Annual Fee
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Credit Type
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0% for 12 Months*
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0% for 12 Months*
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12.99-22.99% Variable*
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None
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Good
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DISCOVER® MORE® CARD |
MORE DETAILS HERE
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- 0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% - 20.99%*
- 5% Cashback Bonus® in categories that change like gas, restaurants, department stores and more. Limitations apply*
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
- Discover is ranked #1 in customer loyalty--15 years in a row! (2011 Brand Keys Customer Loyalty Engagement Index report)
- 24/7 access to a U.S.-based Account Manager within 60 seconds
- $0 Fraud Liability plus automatic mobile and email fraud alert options
- Great rewards with no annual fee, no rewards redemption fee, and no additional card fee
- *Click apply to view rates, fees, rewards, limitations and other important information
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Intro APR on Purchasess |
Intro APR on Transfers
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Regular APR
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Annual Fee
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Credit Type
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0% for 15 Months*
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0% for 15 Months*
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10.99% - 20.99% (Variable)*
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None
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Good
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CAPITAL ONE® PLATINUM PRESTIGE CREDIT CARD |
MORE DETAILS HERE
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- 0% intro APR until May 2013* on balance transfers
- 0% intro APR until May 2013* on purchases
- No annual fee
- $0 Fraud Liability if your card is lost or stolen
- 24-hour travel assistance gives you a replacement card and cash advance
- 24-hour roadside assistance
- Pick an image for your card -- choose the one shown here, any of the hundreds in our collection, or add your own
- To apply online click the Apply Now button or call 1-866-960-8708
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Intro APR on Purchasess |
Intro APR on Transfers
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Regular APR
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Annual Fee
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Credit Type
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0% until May 2013*
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0% until May 2013*
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10.9%-18.9% (V)*
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None
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Excellent
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CAPITAL ONE® VENTUREONE(SM) REWARDS CREDIT CARD |
MORE DETAILS HERE
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- 1.25 miles per dollar on every purchase, every day
- Earn 10,000 bonus miles, equal to $100 in travel
- Redeem miles for airline tickets, hotel rooms, car rentals and more
- No limit on the miles you can earn and miles won't expire
- Fly free on any airline, any time with no blackout dates
- 0% intro APR on purchases until February 2013*
- No foreign transaction fees
- No annual fee
- To apply online click the Apply Now button or call 1-866-960-8708
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Intro APR on Purchasess |
Intro APR on Transfers
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Regular APR
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Annual Fee
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Credit Type
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0% until February 2013*
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n/a
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11.9%-19.9%(V)*
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None
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Excellent
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Low Interest Credit Card Tips
Better Credit = Better Interest Rates: The vast majority of credit cards offer multiple interest rates. Consumers with excellent credit have the best chance of getting the lowest advertised rate. However, if you don't qualify for the lowest rate, you may be approved, but offered a significantly higher rate. Those who barely qualify will likely get the highest rate listed, which can often be 50% higher than the lowest rate offered.
Credit Cards that Offer Range Based Pricing are Best: When you review the fine print of a low interest credit card application, look for cards that offer range based pricing. With range based pricing, if you don't qualify for the lowest rate, 11.99% for example, you may qualify for a 12.24% or 12.49% rate. Credit cards that offered tiered pricing often have huge gaps between rates. For example, you may fail to qualify for the lowest rate by one credit score point, and instead of getting an 11.99% APR, you could end up with a 14.99% APR.
Even Low Interest Rate Offers Have Relatively High Rates: Most credit companies use variable rate pricing. With variable rate pricing, your interest rate increases whenever the Prime Rate increases. Since the fall of 2008, the Prime Rate has been at historically low levels - 3.25%. However, when the economy really starts improving, the Federal Reserve increases the Prime Rate to combat inflation. If the Prime Rate increases to its historical average of 9.8%, a variable rate credit card with a low 11% rate will jump to over 17%. Because of this, paying down credit card debt while rates are at their present level should be a priority.
Ideas to Help You Evaluate Low Rate Credit Cards
Deciphering Low Interest Credit Card Applications: Finding a credit card that will provide you with the best chance of securing a low interest rate requires some fine print detective work. When examining credit card applications, you'll want to look closely at how interest rate information is presented. Cards that say your rate will be between X and Y offer you more chances to get a low rate. Cards that say your rate with be X, X+4 or X+8 limit all but those with the best credit from getting a good rate. Full Article.
Annual Percentage Rates: What APR will you receive?: Because applying for a low APR credit card is a bit like spinning a roulette wheel, you may want to take some steps to make sure you get the lowest rate possible. One option to consider is applying for two cards and activating the one that offers you the best rate. This strategy may cost you 5 to 10 credit score points, but if securing a low rate is your priority, it is a strategy worth contemplating. Full Article.
Choosing the Right 0% Interest Credit Card: Most low interest credit cards also come with 0% introductory rates. These rates are especially valuable if you have high interest debt to transfer or if you will be making purchases in the near future you cannot immediately repay. However, just like low interest applications, these offers need to be looked at closely. Full Article
*Important Disclaimer: See online credit card applications for complete details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the “Apply Now" button, you can review the credit card terms and conditions on the issuing company's web site.
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