Find the best low interest credit cards

Low interest credit cards will help you save on your monthly payments and if you have incurred a lot of debt over the months or years the low interest card will help you pay it off faster. Most of the cards have really low ongoing interest rate, while others have no interest rate at all. The interest free credit cards mostly require a good to excellent credit score, while almost all of them require a good credit score. These cards are great for booking vacations, buying expensive presents, or other large purchases that need to be made and with them you won’t have to tag along a higher interest rate every month that will build up over time. Instead you can enjoy no interest for a period of time, or really low interest on a monthly basis, and take your time paying off the debt.

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Why choose a low interest credit card?
Choosing a low interest card is important for those who want to save on their monthly balance and get out of debt quicker – of course only if you have the right credit score to match. They have great introductory rates, in some cases as low as 0% APR. Buying expensive services or products is great with this type of card as it will give you time to pay back the debt without accumulating more interest than you can handle.
What is a low interest credit card?
Having a low interest credit card is one of the best ways to save and earn great rewards for having an outstanding credit score. A low interest card means you will be paying less interest on your balance every month, but of course it requires that you already have good standing with your creditors. It is important to make sure you read the details with each card and what the on-going APR is and whether it is the right fit for your financial situation.
Who should own one?
If you are sitting on good or better yet excellent credit then you are eligible to get a low interest credit card. It helps you even more if you have debt to pay and want to reduce the amount you owe monthly by not having to pay a higher interest. If you are planning on going on a vacation, buying an expensive gift, or transferring a balance, then this card is for you.
What are the pro’s & con’s?
The upsides to this card is that you will have a very low introductory APR and in most cases will find yourself with a low of bonus rewards such as air miles, no annual fee, and no expiration fees on your reward points. The downside is the on-going APR can be higher than other cards, some do not offer any rewards, and of course if you do not have a high credit score you are not likely to be accepted.

Low Interest Top Card

Capital One® VentureOne® Rewards Credit Card

The Capital One® VentureOne® Rewards Credit Card is an excellent choice if you want to get a one-time bonus of 20,000 mile once you spent $1,000 on purchases within the first 3 months, which is equal to $200 in travel. Earn unlimited 1.25 miles per dollar on every purchase, every day and pay no annual fee. Also, enjoy no foreign transaction fees.

Customer Reviews

I recently got this card and have used it and love it. The APR is a little high but I know with getting my credit better it will go down.


New cardmembers can get a low introductory APR on purchases until February 2017. After that, a variable APR that is currently 12.24% – 22.24%. There are no blackout dates and when you travel abroad there are no foreign transaction fees.

You can earn a one-time bonus of 20,000 miles once you spend $1,000 on purchases within the first three months from account opening. Once you accumulate miles, they will not expire and you can earn as many as you want. There are no limits. You can use the miles with any airline or with any hotel at any time of the year.

More Customer Reviews: Great card, customer service has always answered my questions and addressed any problems l have had. Very quick with the bonus after you reach the limit. Miles add up quickly. This is the only travel reward card l will use.

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Related Credit Card Options

Pre-paid Credit Cards

The pre-paid credit card is a great way to start your credit experience if this is your first time getting a credit card or if you want to be able to weild a powerful card for online purchases or other locations that only accept credit.

Secured Credit Cards

Secured credit cards are your best option if you are in need of rebuilding your poor credit score or this is your first time in the credit area and are looking to get started from scratch. The chances of being accepted are relatively high, even with no credit history.

Business Credit Cards

If you run a small, medium, or even large enterprise you will be in need of a business credit card. These cards play by different rules and are really useful for purchasing business related products and services. In return ou will get great rewards and other incentives.

Cash Back Credit Cards

Cash back credit cards are a great way to earn more on your every day purchases while also being able to redeem cash at checkout. Not only will it save you trips to the ATM machine but you will be able to also experience other great perks such as a lower interest rate and annual fee in certain cases.

Low Interest Credit Cards

If you have been paying your balance on time, and you are sitting a good or excellent credit score rating then you are likely eligible for a low interest credit card. These are credit for paying off debt and making expensive purchases as they will allow you more time to pay back the debt.

0 APR Credit Cards

If you are doing a balance transfer or are looking to make expensive purchases then a 0% APR card is the right choice for you. The introductory rate usually lasts anywhere between 6 months to 18 months depending on the issuer and is a great way to buy and save.

Help: Choosing the best low interest credit card

Low interest credit cards are great for people who like carrying over their debt balance to each new month while only making the minimum monthly payment required. That way they will have less interest to pay on the balance still owed on their credit card. Now there are people who purchase rewards credit cards who often don’t put the APR into consideration. Rewards credit cards tend to have higher interest rates because they are offering people rewards points on their purchases. If you are the type of person to pay off your balance every month, then you won’t be charged any interest because there won’t be any balance left. Then you can still use the rewards points you accumulated every month for cash back or discounts on other purchases. However, if you get a rewards card and you only pay the minimum monthly payment, then you will have much higher interest which will make the rewards points look like nothing. Therefore, low interest credit cards are best for people who only make the minimum monthly payment.
It is possible to find low interest credit cards that also have rewards programs. They are harder to find, but they do exist. However, you have to watch out for the additional fees on the card. There could be an annual fee, foreign transaction fee, and an expiration date on the rewards points you have earned. You’ll want to find a low interest rewards card that doesn’t have a foreign transaction fee, annual fee or expiration date on rewards. Look for card where you can earn bonus miles towards airfare expenses and travel with no blackout dates. An individual who doesn’t care for travel rewards might choose a credit card that offers zero percent introductory APR on balance transfers and purchases for the first 15 months.
In order to have the lowest interest rate credit card possible, you need to start with a great credit score, in addition to other qualifying factors. This means you should have a history of making your monthly payments on time for all of your debt accounts. It should also be a history that shows you managed your debt responsibly for a substantial period of time. So let’s say you just paid off a 15 year mortgage on your house and were consistent with the payments every month during those years. This may lead to a high credit score because mortgages are huge debts to carry and it shows credit card companies that you can handle paying off a big debt. This means there is little chance of you not making the payment on much smaller debt, like a credit card. Therefore, they may reward you with a low variable purchase APR on the card after the initial 0% introductory APR expires. On the other hand, if you are someone with a poor credit history then it will be harder to get a credit card with the lowest interest rate. But as you fix your credit and prove yourself to be worthy, you will eventually be able to qualify for one down the road.
Finally, you need to understand the difference between fixed APR and variable APR. A variable APR is commonly associated with credit cards. This APR will fluctuate based on the index interest rate, or the prime rate featured in the Wall Street Journal. You can find APRs that range from 11.24% to 23.99%. The fixed APR does not fluctuate and is simply one set APR. Fixed APR credit cards are harder to find, but if you have good credit then you may be able to find one with a low interest rate that will never fluctuate. But this doesn’t mean variable APR is bad either. The card issuers of those cards can’t just change the interest rates on their own. They are forced to follow the index rate, which is linked to the Federal Reserve’s federal funds rate. Whenever that rate changes, your APR will change. However, a good credit score will also help keep your interest rates low. So when you see a low interest credit card advertised with a range for their APR, don’t assume you will get the lowest or the highest end of the APR figures that are mentioned. You will get somewhere in between based on your credit scores from the three major credit bureaus.

3 responses to “low-interest”

  1.'/ philip Napolitano says:

    I had a bankruptcy finalized on 07/30/2010 would I have a problem getting another credit card.
    and would I be able to get a low APR with a 700 credit score.

  2.'/ Vickie L. says:

    Getting credit cards with low interest rate isn’t difficult with a credit score of 700 Philip. Having a bankruptcy finalized that long ago should be in the clear by now in terms of history and any lash back that could of had on your credit reputation. Low interest cards exist in the good credit range as well, so you shouldn’t have any problems applying and getting accepted for one. I have the Venture One card and it’s a really great card to have for shopping, I recommend applying for that one.

    •'/ Jann H. says:

      I’d have to agree, low interest cards aren’t as difficult to get as most like to say. I had an average credit score most of my life and went through low interest rates credit cards quite often throughout the year. Of course once the low yearly APR ended I just cancelled and started using something else, like a rewards card meanwhile.

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