The Top 10 best credit cards with the lowest interest rates
When it comes to credit cards, there are a lot of different options out there. But which one is the best for you? If you’re looking for a card with the lowest interest rate, then you’ll want to check out our list of the top 10 best credit cards with the lowest interest rates. We’ve done the research so that you can make an informed decision about which card is right for you. So whether you’re looking to save on interest or just want to find the best deal, be sure to read our list before making your final decision.
Top 10 Credit Cards with the Lowest Interest Rates
- Chase Freedom Unlimited®: 0% introductory APR for 15 months, and then 14.99-23.74% Variable APR.
- Citi Simplicity® Card: 0% introductory APR for 18 months, and then 15.24-25.24% Variable APR.
- USAA Rate Advantage Visa Platinum® Card: 0% introductory APR on balance transfers for 12 months, then 10.90-25.90% Variable APR on purchases & balance transfers after that period ends
- Capital One® VentureOne® Rewards Credit Card: 0% introductory APR for 12 months, and then 14.49-24.74 %Variable APR thereafter
- Wells Fargo Cash Wise Visa® Card: 0% introductory APR for 15 months, then 17.99%-26.99% Variable during april 2021
- Bank of America Cash Rewards Credit Card: 0% introductory APR for 15 billing cycles, then 13.99%-23.99 % Variable thereafter
- Discover it® Cash Back: 0% introAPR on purchases and balance transfers during the first 14 monthly billing cycles after opening the account, then a variable 11%-26%.
- American Express EveryDay Credit Card: 0% introAPR on purchases and balance transfers during the first 15 months after opening the account, then a variable 16.-25%.
- Amex Blue Business Plus Credit Card from American Express :0 % introAPR on purchases and balance transfersduring the first 12 months after opening theaccount ,then a variable 13 . 24 -22 . 24 %
- Journey Student Rewards from Capital One :0 % introAPRon purchasesand balancetransfersduringthe first 9monthsafteropeningtheaccount ,thena variable16 . 49 – 26 . 49 % .
Compare the interest rates of different credit cards before you choose one
When looking for a credit card, it’s important to compare the interest rates of different cards before deciding. Different cards can have wildly varying interest rates, some as low as 0% and others as high as 20%. For those carrying a balance from month to month, paying attention to the interest rate can make all the difference. Consider your current financial situation, lifestyle habits and intended use of the card; all of these can shape whether you should get an introductory low-interest rate or a lower ongoing rate. Taking time to research several cards and their interest rates is worthwhile if it helps you save money in the long run.
Consider getting a balance transfer card if you have debt on another card with a high interest rate
If you’re carrying a large balance from month to month or dealing with an eye-watering interest rate, now might be the perfect time to consider a balance transfer card. These cards allow you to move your existing debt onto a new card that usually offers 0% interest for a promotional period, allowing you to start paying off the principal of your debt instead of just the interest. With more of your payment going directly towards decreasing your principal, it can save you hundreds (or even thousands!) in interest payments. Check out balance transfer cards offered by major credit card companies today and take control of your finances tomorrow!
Look for cards with no annual fee and consider rewards programs
When selecting a credit card, one of the most important things to look for is cards with no annual fees. Not having to worry about an annual fee can save you money in the long run and help you stay within budget. Additionally, many of these no-fee cards come with great rewards programs that give you free cash back, points or travel miles. It’s worth taking some time to review each rewards program and choose the one that will benefit you most in the long run; this could result in big savings on your next vacation or even just more money back in your pocket!
Get a secured credit card if you have bad credit or no credit history
If you have bad credit or no credit history, the best way to start building a good credit score is getting a secured credit card. Secured cards are beneficial because they require a refundable security deposit: meaning there is no fear of having personal debts that can’t be cleared if needed. Furthermore, secured card deposits act as collateral for the bank and help them decide on whether to approve applicants or address concerns. Additionally, using a secured card correctly can help improve your overall credit score in just one or two years. All in all, getting a secured credit card is an excellent method which enables consumers with bad or no existing credit to start creating a reliable financial history.
Use your credit card wisely by paying off your balance in full each month and avoiding cash advances
With the increase in online shopping and contactless payments, it’s easy to use your credit card for everyday transactions. By making sure you can pay off your balance in full each month and avoiding cash advances, you can ensure that using a credit card is one of the smartest financial decisions you make. Paying your balance off in full each month will help you to maintain excellent credit, as well as keep your finances in check. On the flip side, if you draw cash from a credit card or only make minimum payments on your account, the high-interest rates associated with cash advance fees and reduced payments can put even more financial stress on already strained wallets. Avoid these traps by using simple practices like paying off any balances immediately and staying away from cash advances. It’ll help you stay ahead of the game.
Monitor your credit score to make sure it stays high
Keeping an eye on your credit score should be one of the most important financial considerations you make. Check it regularly to ensure no suspicious activity is taking place, and take action if something looks out of place. Credit scores are used by all banks when determining a loan or application approval, so you want to make sure it stays high. It’s also important to review what gets reported and make sure all the details are accurate. An easy way to monitor your credit score is using one of many online services that will keep you up-to-date on where you stand financially and offer tips for improving your credit score. Taking the time to monitor your credit score now can save you from a lot of headaches later down the line.
Choosing the right credit card is an important and sometimes difficult task to take on, but with some added research and consideration it can be a relatively stress-free process. A good place to start is by comparing interest rates, keep an eye out for balance transfer cards from other companies that may have better rates and no annual fees, if you’re starting your credit journey look into secured credit cards, and lastly make sure to use your credit responsibly by paying off in full each month and monitor your score regularly. Now that you have the know-how ready to go find the credit card best suited for your financial needs.