A low interest or 0% credit card can be a life saver, whether you are looking to get rid of an existing credit card debt or to purchase something expensive. Many of these credit cards offer 0% introductory APR for purchases and/or balance transfers for a certain period of time, so that you can have an easier time paying off a balance or an expensive item.
GET.com's best balance transfer and low interest cards
|Best For||Credit Card|
|Low interest||Chase Freedom®|
|Balance transfer||Chase Slate®|
|Cash back||Citi® Double Cash Card|
|No fees||Discover it® Cashback Match™|
We at GET.com have shortlisted some of the best low interest credit cards in the market right now, many of which offer at least 12 months of 0% APR on purchases and balance transfer, rewards or waived annual fees. Start saving money today with these low interest rate options.
Best Low Interest And Rewards Card
Best Card For Balance Transfers
Our Favorite For Low Interest And Earning Cash Back Twice
Best For Flat-Rate Cash Back
Chase Freedom Unlimited℠ comes with 0% intro APR for 15 months from account opening on purchases and balance transfers, after which the regular 15.49% - 24.24% variable APR applies. You earn a $150 Bonus after charging $500 of purchases to your new card in your first 3 months from account opening. Every time you use this card to pay for purchases, you earn unlimited 1.5% cash back on every purchase (it's automatic). You can redeem your cash back any time you choose, for any amount. This Visa credit card has no annual fee.
Best For No Fees And Cashback Match
Discover it® Cashback Match™ offers 0% intro APR on purchases and balance transfers for the first 14 months and a 11.49% - 23.49% variable APR for purchases and balance transfers thereafter. The balance transfer fee is 3%. You will get 5% cash back for purchases in bonus categories that change every quarter (up to a quarterly maximum of $1,500) and unlimited 1% cash back for your other purchases. Just for new cardmembers: Automatically match all the cash back you've earned with this card at the end of your first year. Here's our Discover it® Cashback Match™ review. We like that Discover it® Cashback Match™ has no late fees for your first late payment, no penalty APR, no foreign transaction and no annual fee.
Our Favorite For Low Interest And Earning Miles
Our Favorite For Long 0% Intro APR
Best Card For Long 0% Intro APR And Gas Rewards
Our Favorite For Low Interest And Android PayTM Or Apple PayTM
Our Favorite For Long 0% Intro APR And Phone Coverage
0% or Low Interest Credit Card Tips
A low interest credit card gives you a low introductory APR period for purchases. These cards are ideal for making big-ticket purchases, because even if you don't pay back your balance for a purchase in full by the due date, you won't pay interest on your balance until the end of the intro APR period.
For example, if you buy a second hand car for $10,000 using a card that has a 0% intro APR period of 15 months for purchases, you won't have to pay interest on those $10,000 of credit until 15 months after you open your new card account. If you pay off the balance in full before then, you basically get an interest-free loan.
Both Chase Freedom® (0% intro APR for 15 months for purchases and balance transfers, then 15.49% - 24.24% variable APR) and Citi® Diamond Preferred® Card (0% intro APR on purchases and balance transfers for 21 months, with 12.49% - 22.49% variable APR after) have long introductory purchase APR periods.
If you use Citi® Diamond Preferred® Card you get a long introductory purchase APR period (0% intro APR on purchases and balance transfers for 21 months), with 12.49% - 22.49% variable APR after.
Alternatively you can also use a card that has a low ongoing standard APR. This may be a better choice if you regularly carry a balance on your purchases. Barclaycard Ring™ MasterCard® has 8.5% variable APR, which makes it a good card to use if you are in the habit of carrying a balance.
If you already have built up a balance and want to avoid paying interest for your card debt, then a balance transfer credit card is a better choice. This kind of card comes with a long introductory APR period for balance transfers.
Some credit cards offer low introductory APR periods for both purchases and balance transfers. A card like this lets you save on your balance transfers while taking advantage of a low intro purchase APR.
If you have balances on your old credit cards and you're paying high interest on them, then changing to a card that gives you 0% introductory APR on both purchases and balance transfers is ideal.
But if you don't have a balance that you want to pay off (or at least avoid paying interest on) then a card that has a 0% intro APR for purchases will work just as well.
Some cards offer a low introductory APR for purchases, but not a 0% introductory rate. Unless your credit doesn't let you get a 0% intro APR card (most require excellent credit), or you don't intend to carry a balance, we would recommend that you only consider cards with a 0% introductory APR offer.
How we rate low interest credit cards
Low interest credit cards are rated by GET.com based on the interest savings they offer, among other factors. We look at introductory APR periods on purchases, and ongoing purchase APRs. We rate cards based on the length of the low intro purchase APR period as well as the APR offer during that period. Cards with a 0% introductory purchase APR period will usually receive higher ratings.
Cards that offer low ongoing APR rates for purchases may also receive good ratings. Other factors we take into account when rating cards are annual fees, purchase benefits (like purchase protection and price protection), rewards, travel benefits, other card fees (like foreign transaction fees) and unique card benefits.
Katrina Gutierrez is a writer at GET.com. Email: firstname.lastname@example.org.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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Cynthia Maseman Julian
Why isn't USAA listed here?
December 06 2014 at 22:57
If you have excellent credit, then the Barclaycard is the card for you A low 8% interest rate, no fee balance transfers, no annual fees, no over the limit fees and excellent competent service! So many benefits you'll gag! I am a charter member, so I've had one for years! I highly recommend this card!
October 16 2014 at 19:38
Lisa A. Blais
Simmons First 7.25%.
March 14 2015 at 03:23
If your looking for a little boost in credit. this shows all the major credits for 20015, or at least the top ten with great interest rates and no annual fee.
June 11 2015 at 14:06