5 Options for Low-Interest Credit Cards

May 7th 2016

Chase

Chase Card Services features a variety of credit card options for individuals with good or decent credit. The Chase Slate is ideal for individuals seeking to transfer balances, often offering $0 introductory balance transfer fees made within the first 60 days. Some individuals may also qualify for a 0 percent introductory rate on purchases and low interest rates that will not raise based on paying late. As of 2015, Chase also features a $0 annual fee for many cardholders.

American Express

American Express offers many customers a 0 percent introductory annual percentage rate for 15 months and low-interest options as starting at 12.99 percent for qualified applicants. Individuals seeking cash-back bonuses may want to opt for an American Express Blue Cash Preferred Card that offers $150 statement credit on purchases of $1,000 made within the first three months.

Discover

Discover cardholders may qualify for interest rates as low as 10.99 percent based on credit-worthiness. Eligible new card members can also take advantage of double cash back on purchases within the first year and 5 percent cash back on designated categories of purchases through the life of the credit card. Discover also features a 0 percent introductory APR on balance transfers for qualified applicants and a free monthly FICO credit score that can be accessed on monthly statements or online.

Capital One

The Capital One VentureOne Rewards credit card offers qualified applicants interest rates as low as 10.99 percent. Cardholders are not charged an annual fee, and some applicants may even qualify for a 0 percent introductory interest rate. This credit card may also be cost-effective for travelers. Many specials feature bonus miles based on purchase amounts.

Citi

Citibank features a variety of credit card options. Individuals interested in a low-interest option may prefer the benefits of the Citi Simplicity Card. Applicants may qualify for interest rates as low as 12.99 percent based on credit-worthiness and a 0 percent introductory APR on balance transfers and some purchases for up to 21 months. Some balance transfers may incur a fee.

Conclusion

Individuals with good or decent credit are often eligible for low-interest credit cards. Credit card interest rates can be as low as an introductory 0 percent and upward to 25 percent. People with higher credit scores are often strong candidates for a low-interest credit card, which may also include cash-back options and rewards. People should avoid rushing into the first credit card offer they receive and research the company options for low-interest credit cards to save money in the long run.

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