Low Interest Credit Cards from Our Partners

Credit card offers often hype special signup deals and exclusive perks. However, consumers who need to carry a monthly balance need to seek out the best low interest credit cards they can find. That usually means trading off rewards, rebates and other privileges in exchange for finance charges that won't break the bank.

Low interest credit cards don't look flashy, often including words like “basic” or “simple” in their titles. If you often carry a few thousand dollars in household credit card debt, switching to a card with an APR of 10 percent or less could save you hundreds of dollars every year.

Find the Best Low Interest / Low APR Credit Card

Barclaycard Ring™ MasterCard®

Credit Needed: Excellent

  • No Balance Transfer Fees – start saving immediately!
  • A low variable APR on balance transfers and purchases
  • No Annual Fee

Simmons Bank Visa® Platinum

Credit Needed: Excellent

  • Created for those with EXCELLENT CREDIT and approval is based on your credit rating and application review.
  • Low 7.50% variable standard purchase APR and platinum benefits
  • No balance transfer fee for balances transferred

USAA Rate Advantage Platinum Visa®

Credit Needed: Good

  • USAA Bank credit cards are exclusively available to military members, veterans who have honorably served, and their eligible family members.
  • Enjoy our lowest rate card.
  • Pay no annual fee, penalty APR or over-the-limit fee.

Simmons Bank Visa® Platinum Rewards

Credit Needed: Excellent

  • Created for those with EXCELLENT CREDIT and approval is based on your credit rating and application review.
  • Low 9.50% variable standard purchase APR and platinum benefits
  • No balance transfer fee for balances transferred

PenFed Premium Travel Rewards American Express® Card

Credit Needed: Excellent

  • 0% APR promo balance transfer rate for 12 mos with 3% balance transfer fee. After that, APR for unpaid balance and new balance transfers will be 10.24% – 17.99%. APR will vary with the market based on Prime Rate. Subject to credit approval.
  • 3% balance transfer fee per transaction.
  • Rate and offers current as of October 1, 2016 and subject to change.

PenFed Promise Visa® Card

Credit Needed: Excellent

  • 4.99% APR promo balance transfer rate for 12 mos with no balance transfer fee. After that, APR for unpaid balance and balance transfers will be 10.24% – 17.99%. APR will vary with the market based on Prime Rate. Subject to credit approval.
  • $100 bonus after spending $1,500 in purchase transactions within 3 months of account opening.
  • Rate and offers current as of October 1, 2016 and are subject to change.

PenFed Platinum Cash Rewards Visa® Card

Credit Needed: Excellent

  • 0% APR promo balance transfer rate for 12 mos with 3% balance transfer fee. After that, APR for unpaid balance and new balance transfers will be 10.24% – 17.99%. APR will vary with the market based on Prime Rate. Subject to credit approval.
  • 3% balance transfer fee per transaction.
  • $100 bonus after spending $1,500 in purchase transactions within 3 months of account opening.

PenFed Platinum Rewards Visa Signature® Card

Credit Needed: Excellent

  • 0% APR promo balance transfer rate for 12 mos with 3% balance transfer fee. After that, APR for unpaid balance and new balance transfers will be 10.24% – 17.99%. APR will vary with the market based on Prime Rate. Subject to credit approval.
  • 3% balance transfer fee per transaction.
  • $100 bonus after spending $1,500 in purchase transactions within 3 months of account opening.

PenFed Gold Visa® Card

Credit Needed: Excellent

  • 0% APR promo balance transfer rate for 12 mos with 3% balance transfer fee. After that, APR for unpaid balance and new balance transfers will be 10.24% – 17.99%. APR will vary with the market based on Prime Rate. Subject to credit approval.
  • 3% balance transfer fee per transaction.
  • $100 bonus after spending $1,500 in purchase transactions within 3 months of account opening.

Low interest cards help you pay off your credit card debt

Even though low-interest credit cards get tagged as “no-frills,” frugal consumers know how to use them to pay down debt quickly. Let's look at a quick example.

Let's assume you've got $250 per month to put toward your credit card bills. Transferring a balance of $10,000 to a 0% APR credit card with a 12-month promotional period may look like a money-saving move. However, after the first year, you'll have paid only $3,000, leaving $7,000 on the new card. That's when your 20 percent “go-to rate” kicks in, meaning you'll spend another 39 months and $2,500 in interest clearing your bill.

But if instead you put that $10,000 on a low-interest credit card with an APR under 10 percent and pay $250 per month, you'll save over $300 on your interest while clearing your debt two months sooner. If you've been unable to qualify for a zero-interest credit card, or you don't think you'll be able to pay it off by the end of the promotional period, a low-interest card may be your best option.

Not just the “generic” of credit cards

If you've ever bought store-brand items at your neighborhood supermarket, you already know that you don't always have to sacrifice quality for price. Your “no frills” card may not look flashy, but it will still work great as a tool to help you spend and save wisely.

Low-interest credit cards still carry plenty of perks and protections, especially for cardholders who use them to make routine purchases every month. Without being tied to a promotional offer, a long-term, low-interest account won't penalize you as harshly if you happen to make a late payment. In fact, some recent ad campaigns have announced low-interest credit cards that offer no late payment or over-limit fees at all, emphasizing their simplicity and flexibility.

A basic credit card for emergencies

Simple and flexible credit cards also work well for families who want an available line of credit without the hassles of annual fees or service charges. Unexpected medical bills, auto repairs and appliance replacements that would normally put stress on a working household can float for a short time on a low-interest credit card.

You can even protect your family from paying for damage or theft of your valuables purchased with a basic credit card. Many credit card companies offer purchase protection programs that can either replace broken or stolen goods, or even cover some of the repair costs after a break-in or an accident.

Finding the best low-interest credit cards online

Looking for the best credit cards means understanding the benefits that would serve you and your family the best. Today's credit card offers have become so customized that it's possible to negotiate just about any element of a new account. Your low-interest rate might come with a lower credit limit and few rewards, but with no annual fee. And the better your credit score, the lower your finance charges will go. As credit card companies mine consumer databases to generate pre-approval offers, you may even find a low-interest card already waiting for you at one of the country's leading lenders.

Disclaimer: This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company.

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