11 Best Low Interest Credit Cards And How To Qualify For One

There are many low interest credit cards available today. Technology advancement has led to changing the old way of carrying out transactions. This has made the world shift into the use of credit-cards. Happily, there are various low-interest credit cards in use. These low-interest cards favor their users, as they incur less cost than the standard gold cards.

Low-interest credit cards relieve the owners of high annual charges, as they are cheaper and more affordable. However, the interest rates are low when comparing to standard credit cards. It is easier to make transactions using a credit-card in retail stores, online purchases, and much more.

As with any interest charging form of credit, the users of the card need to be careful when spending money on purchases.

Lowest Interest Credit Card

Currently, the lowest interest credit card is with Wells Fargo. The Wells Fargo Reflect Card has many advantages. First, is its zero percent introductory rate. You are guaranteed 18 months interest free with new purchases and transfers that qualify.

A nice perk is that 3 more months of 0% interest is added when all payments are on time. That’s 21 months with no interest! After your introductory rate, interest is 12.99% to 24.99%. Another outstanding feature is that there is no annual fee!

Citi Rewards Low Interest Card

The Citi Rewards card is for users looking to make purchases in various retail stores. The owners can gain points while shopping at their favorite retailers. Free travel and other rewards are available when they gather enough points.

They receive up to a 1% rebate on each purchase made through the card. Interest rates start at 13.49%. Your interest rate will depend on your credit rating. Citi Rewards also offers a 0% introductory rate for 15 months.

Capital One Quicksilver Card

The Quicksilver card tends to come up again and again in various credit card comparisons. It is a very good overall card. There is no annual fee and 1.5% cash back is earned on every purchase. Capital One offers 15 months of 0% interest. After that, rates will vary from 14.99% to 24.99%. You must have a good to excellent credit score when applying.

Blue Cash Everyday Credit Card

The Blue Cash credit card is from American Express and offers the users no annual fee. In addition, one can enjoy one to three percent cashback at supermarkets, fueling stations, and other purchases. One is eligible for this credit card if they have a good standing with the credit bureaus.

Citi Double Cash Cards

The Citi Double Cash card low-interest credit card is another good choice. You can take advantage of the 0% introductory rate for 18 months when you transfer a balance from another card. No annual fee. This is a good rewards card, as its name suggests. You can receive 2% cash back. Interest rates will start at 13.99%. A good to excellent credit score will make this card available to you.

The US Bank Visa Platinum

Individuals trying to rebuild their scores in terms of the allowed limits use this low-interest credit card. It also provides users with free balance transfers when they use it to pay for purchases. The card also has its annual free report where one can easily track their credit performance. Enjoy 20 months of 0% interest! Then 14.49% to 24.49%.

American Express Gold Rewards Credits Card

If you enjoy traveling and eating out, the American Express Gold Rewards card is worth considering. This low-interest bank card offers various benefits. Primarily, users of the Gold card earn bonus points every time they make purchases using the card.

The owners are also entitled to free travel points, and they can quickly redeem their points. Interest rates begin at 15.99%. However, there is an annual fee of $250. Many consider this fee worth it, because of the many perks one receives.

Discover it Cashback Low Interest Card

With the Discover it Cashback card, they guarantee five percent, 5% cashback on purchases at various businesses. Amazon, supermarkets, restaurants, and gas stations participate. These are some great perks for a low-interest rate card. Interest rates for the first 14 months are 0 percent. Then they start at 11.99% and go to 22.99%.

Another advantage is that there is no annual fee payment. The card also is suitable for moderate shoppers and a refund-based for lucrative spenders.
To qualify for this card, they require one to have a good credit score. One also needs to pay the card within 100 days after one has finalized their cashback rewards.

Citi Diamond Credit Card

City Diamond Preferred card is a card that is exclusively designed for small and medium-sized businesses. It comes with a 0 percent introductory rate on purchases for one year. When you transfer take your balance from one credit card and transfer it to the Citi Diamond , you will get 21 months at 0% interest.

After the introductory period, interest rates range from13.74% to 23.74%. There is $0 annual fee for added flexibility.

Discover it Miles Card

This Discover it Miles card qualifies as a low-interest card. If traveling is your thing, definitely consider this card. To qualify one must have a good credit standing . Once again, this card is one that charges no annual fee. Interest rates will start at 11.99 percent.

The great thing about this card is the fact that for the first year you have it, they will match all of your earned miles. For example, if you earned 20,000 miles, they will give you 40,000 miles! You can even use your miles earned to pay your monthly bill.

Amex Every Day (ED) Credit Card

The Amex from American Express is another card with a $0 annual fee. After fifteen months of no interest, their rates currently stand at 12.99% to 23.99%. This is a nice card when you are planning a vacation.

You receive 2 points for every dollar you spend at grocery stores. Once you top out at 6000 points, you will earn 1 point for each dollar you spend. The more you use the card, the more rewards you will earn..

Pay Balance In Full On Low Interest Cards

Cardholders will find it to their advantage to pay their credit card balance in full every month. Using your credit card responsibly will reap you a higher credit score. A higher score allows one to acquire the best among the low-interest credit-cards.

Low Interest Credit Card Benefits

A Low Interest Credit Card is a special type of credit card. It helps consumers support their daily expenses and achieve financial goals easily. Benefits from using this Credit Card are an important reason for opening one, but if you do not use it properly, you will end up with more debt than necessary.

The primary advantage of a Low Interest Credit Card is, of course, the low interest rates that they offer. This is very useful for people who regularly need to make purchases. You can buy items you may not afford at the moment and then pay them off in installments until you are ready to use your card again. To get the most out of your Low Interest Credit Card use the following steps.

Plan Your Purchases

Because these Credit Cards typically have interest rates that are lower than other types of credit cards, you will want to keep your plans for using the card reasonable. That way, you don’t end up accumulating more debt than necessary. The point is not to buy things just because you can afford them with your credit card, but to only buy what you need.

Check Annual Fees

You do not want to be spending even more money just because of your credit card fees. Avoid paying any type of fee, including annual fees, monthly fees, and application fees if possible. You do not want to be spending even more money just because of your credit card fees.

It’s important always to know how much money you owe creditors to avoid late payment fees and other types of penalties. You will want to make sure that you are immediately paying off your credit cards if the balance is too high or transfer the remaining balance to a separate credit card with a lower interest rate.

Use Low Interest Features

Low-interest rate credit cards usually offer benefits for making certain types of purchases or transactions. You will want to know about these types of transactions before you make any purchases. For example, cash advances may be a feature of your credit card, but you may have to pay a very high premium when you take out one.

Using A Low Interest Credit Card Wisely

A low interest credit card is meant to help consumers support their daily expenses and achieve financial goals more easily. The benefits of using this credit card are an important reason for opening one, but if you do not use it properly, you will end up with more debt than necessary.

The main advantage of this type of credit card is the low interest rate that they offer. This is very useful for people who regularly need to make purchases.

Keep Track Of Your Credit Card Payments

If you have multiple credit cards, it can be easy to lose track of which ones have been paid off and which ones haven’t. If you want to avoid paying any fees for not making a payment on time, you should keep track of your expenses. Checking your credit card statement can be a good idea to make sure that everything is correct.

Know your due dates and payment schedule. If you want to avoid paying any late fees or other types of penalties for overdue payments, you will need to make sure that you know your due date and the amount of time between payments. If you are unsure how many days, it is from one payment to another, make a simple calendar or schedule to keep track of everything.