BEST LOW APR % CREDIT CARDS

By Rashmi Goel
Generally, it is advisable to keep your credit card balances low. Interest charges on credit card balances accumulate quickly, eating up your monthly budget and hindering your ability to save and invest. In the long run, unpaid credit card balances may force you to enroll in credit counseling or even lead to bankruptcy. Although it is sometimes impossible to avoid carrying a credit card balance, it is sometimes necessary. If you are unable to get to work because your vehicle broke down, charging the repair to your credit card is preferable to losing your job, even if it will take some time to pay off the credit card debt. Since low-interest credit cards do not accumulate interest at the same rate as high-interest credit cards, carried balances on these cards grow more slowly over time. Take a look at these low APR credit cards if you want to carry a balance from month to month without paying through the nose.
Below is a list of the best low-interest credit cards available right now, backed by some of the most renowned financial institutions.
U.S. Bank Visa Platinum® Card
Currently, the Bank U.S. Visa® Platinum Card offers one of the longest promotional periods with 0% APR. It is even better than that, because this offer is applicable both to purchases and balance transfers, making U.S. Bank Visa Platinum one of the best low-interest credit cards for people looking to finance major purchases or pay off high-interest debt. A variable regular APR will apply after the introductory period (currently 15.99% to 25.99%, depending on creditworthiness and market conditions). 
Features include:
⦁    There is no annual fee
⦁    Depending on the currency in which the transaction is denominated, a foreign transaction fee will be charged of either 2% or 3%
⦁    It is more expensive to transfer balances than to pay $5 or 3%.
⦁    Cardholders get a low-deductible cell phone protection plan
⦁    Cardholders who have U.S. banks may qualify for overdraft protection.
Citi Simplicity® Card
The Citi Simplicity Card offers a long 0% introductory APR for balance transfers - 21 months from account opening - making it a great choice for transferring high-interest balances from other credit cards. It is important to note that eligible balance transfers must be completed within four months of account opening. There's also a 12-month purchase promotion - but it's not great. Depending on your creditworthiness and prevailing rates, a variable regular APR (currently 15.49% to 25.49%) will apply following the introductory period.
These features include:
⦁    There is no annual fee
⦁    Payments are not subject to late fees
⦁    There is a $5 charge for balance transfers or 5% of the amount transferred, whichever is greater
⦁    The cost of foreign transactions is 3% of the total transaction amount
⦁    The due date of your payment can be chosen by you
Chase Freedom Unlimited® Credit Card
A popular cash-back credit card, the Chase Freedom Unlimited® Credit Card, also offers a very long introductory 0% APR promotion on purchases and balance transfers: 15 months. From that point forward, a regular variable APR will apply, which is currently 16.49% to 25.24%, based on your creditworthiness and other factors.  What is the breakdown of Chase Freedom Unlimited's rewards program?
 The product offers the following:
⦁    Cash back is available on eligible purchases made through Chase Travel for an unlimited amount of 5%
⦁    Takeout and eligible delivery purchases at restaurants and drugstores will earn you 3% cash back.
The cash back rate for all other eligible purchases is unlimited at 1.5%. For the first year, you will be entitled to an additional 1.5% cash back on all purchases (on the first $20,000 in eligible spending). Consider this card if you are planning a major purchase and would like to earn well-deserved rewards at a predictable flat rate.
These features include:
⦁    There is no annual fee
⦁    Transactions involving foreign currency are subject to a 3% fee
⦁    Benefit from extended warranty coverage, complimentary secondary coverage on car rentals purchased in full with your Visa card, as well as other shopping and travel benefits
U.S. Bank Business Triple Cash Rewards Visa® Business Card
Interested in a low introductory interest rate for a business credit card to help you manage existing debt? The U.S. Bank Triple Cash Rewards Visa® Business Card may be the right card for you. The card also offers 1% cash back on all other eligible purchases, including office supply stores, restaurants, gas stations, EV charging stations, and cell phone or service provider purchases (and 3% cash back at office supply stores, restaurants, and gas stations).
These features include:
⦁    Earn $500 bonus cash back after spending $4,500 in eligible purchases within the first 150 days of your account opening
⦁    Balance transfers are offered at 0% APR for the first 15 billing cycles of your account's opening, after which a variable regular APR applies (currently 15.49% to 24.49%).
⦁    Fees for employee cards or annual fees are not charged
⦁    3% of the transaction amount is charged as a foreign transaction fee 
Citi Custom Cash℠ Card
There is no annual fee attached to the Citi Custom CashSM Credit Card. Rather than earning flat cash back rates, you earn 5% cash back on your first $500 in purchases each month in your top eligible spending category, and 1% cash back on purchases above $500. The following categories qualify for the 5% discount: restaurants, gas stations, select travel, select transit, selected streaming services, live entertainment, home improvement stores, and drugstores. Each month, you will also earn 1% cash back on just about all other eligible purchases.
These features include:
⦁    Spend $750 within your first three months to earn $200 cashback as a sign-up bonus
⦁    A total of 20,000 ThankYou points will be awarded in fulfillment of this bonus
⦁    Take advantage of 15 months of 0% APR on purchases and balance transfers
⦁    Following that, a variable regular annual percentage rate will apply (currently 14.74 percent to 24.74 percent), depending on prevailing market rates and your credit rating
⦁    There is no annual fee
⦁    The cost of foreign transactions is 3% of the transaction amount
Chase Freedom Flex℠ Credit Card
A popular cash back credit card is the Chase Freedom FlexSM Credit Card, which offers 0% introductory APR for the first 15 months on purchases and balance transfers. Thereafter, you will be subject to a variable regular APR, which varies from 16.49% to 25.24%, depending on your creditworthiness and other factors. Similarly, its rewards program offers 5% and 3% bonuses at the same levels as Freedom Unlimited. A major difference is the addition of special rotating 5% cash back categories that offer bonus earnings on the first $1,500 in combined eligible purchases each quarter. A 1% cash back rate is applied to all other eligible purchases.
These features include:
⦁    Spend $500 within three months of opening your account and receive $200 in bonus cash
⦁    There is no annual fee
⦁    The cost of foreign transactions is 3%
⦁    Take advantage of a variety of shopping and travel benefits including extended warranty coverage and complimentary secondary coverage when you pay for your car rental in full with your card
Upgrade Cash Rewards Visa®
The Citi Custom CashSM Card offers no annual fee and cash back with a twist: Instead of a flat rate, you earn 5% cash back on the first $500 in purchases in your top spending category, then 1% on purchases above that amount. Restaurants, gas stations, select travel, select transit, select streaming services, live entertainment, home improvement stores, and drugstores are among the categories eligible for 5%. Every month, you will also earn 1% cash back on all eligible purchases.
These features include:
⦁    Upon spending $750 in the first three months, you'll earn $200 cash back as a sign-up bonus
⦁    There are 20,000 ThankYou points available as part of this bonus
⦁    Take advantage of 15 months of 0% APR on purchases and balance transfers
⦁    Following that, a regular variable APR applies (currently 14.74% to 24.74%), dependent on the prevailing rate and your creditworthiness
⦁    There is no annual fee
⦁    The cost of foreign transactions is 3% of the transaction amount
My GM Rewards Card™
You can increase your rewards credit card balance with the My GM Rewards CardTM if you own or plan to purchase a General Motors vehicle soon. With five card designs to choose from, you can customize your cardmember experience: GM, Chevrolet, Buick, GMC, and Cadillac. GM purchases earn unlimited 7x points, while all other eligible purchases earn 4x points.
You can learn more about this card by reading the following information.
⦁    Upon spending $1,000 in your first three months, you will receive 15,000 bonus points.
⦁    The Earning Rate. With GM, you will earn 7x total points, and 4x points on all other purchases.
⦁    Enjoy a 0% introductory APR on purchases for the first 12 months, followed by a variable APR between 16.49% and 26.49%. Rates as of 7/1/2022.
⦁    Neither annual fees nor foreign transaction fees apply to the account. There may be late fees associated with late payments, depending on the circumstances.
⦁    The other benefit is that your credit score will not be affected if you are approved. It is important to note that accepting a card after your application has been approved will result in a hard inquiry that may adversely affect your credit score.
Discover it® Cash Back
There is no better way to get started with rewards-earning credit cards than with Discover it® Cash Back. Earn 5% cash back each quarter on everyday purchases at a variety of locations up to a maximum of $1,500 in spending per quarter when you activate Discover it® Cash Back. You will also receive unlimited 1% cash back on all other purchases - automatically. Depending on how much you spend, Discover will also match all cash back earned during your first year as a cardholder. There is no annual fee associated with the Discover it® Cash Back program. It is also advantageous to carry Discover it® Cash Back since there is no minimum redemption amount. For purchases and eligible balance transfers, the card offers an introductory APR of 0% for 15 months. An interest rate of 13.49% - 24.49% is then applicable. The amount transferred may be subject to a fee of up to 5%.
These features include:
⦁    The Discover Cashback Match offer is a limited-time offer that offers unlimited cashback. At the end of your first year, Discover will automatically match all cash back you have earned! You are not required to spend a minimum amount or earn a maximum reward. It is possible to turn $150 in cash back into $300.
⦁    You will earn 5% cash back on everyday purchases at various locations each quarter, including Amazon.com, grocery stores, restaurants, gas stations, and when paying with PayPal. On top of that, you will earn unlimited 1% cash back on all other purchases.
⦁    A NEW FEATURE! Discover assists you in removing your personal information from select people-search websites. For free, you can activate the app through your mobile device.
⦁    Any amount of cashback can be redeemed at any time. No expiration date applies to rewards.
⦁    Enjoy a 0% intro APR on purchases for 15 months. As a result, you will be subject to a Standard Variable Purchase APR of 13.49% to 24.49%, depending on your creditworthiness.
⦁    There is no annual fee.
Wells Fargo Reflect℠ Card
There are few features on the Wells Fargo ReflectSM Card, but it is an excellent option for those who are looking to pay down debt or stretch payments on a new, large purchase. Its main selling point is the long introductory rate on both new purchases and balance transfers. Even though the introductory rates may be attractive to some applicants, this is not a card that is suitable for long-term use. This card does not come with a large array of benefits like most no-annual-fee cards. The card does not offer any rewards for purchases, making it less attractive than direct competitors who are also offering 0% introductory rates. Cell phone insurance is an additional benefit, which is included with many Wells Fargo credit cards. With the Wells Fargo ReflectSM Card, you can receive up to $600 in coverage per claim for stolen or damaged cell phones (subject to a $25 deductible). A maximum of two claims can be filed per calendar year. The majority of customers will find better options than this one, including an alternate issued by Wells Fargo listed in our card comparisons.
These features include:
⦁    Purchases and balance transfers are eligible for a 0% intro APR for 18 months from the date of account opening. The introductory APR may be extended for up to three months with on-time minimum payments during the introductory period and the extension period. From 14.49% to 26.49% variable APR thereafter; balance transfers made within 120 days are eligible for the introductory rate and fee of 3%, followed by a BT fee of up to 5%, a minimum $5.
⦁    The annual fee is zero.
⦁    Pay your monthly cell phone bill with your eligible Wells Fargo card and receive up to $600 of cell phone coverage (subject to a $25 deductible).
⦁    By using your eligible Wells Fargo Credit Card, you can earn cash back as a statement credit whenever you shop, dine or enjoy an experience.
Citi® Diamond Preferred® Card
In the event that unexpected expenses arise, you may not have the funds to cover them, and you may have to incur some debt as a result. Especially if the original debt is on a high-APR credit card, a balance transfer credit card could be a useful, cost-effective tool. This is where Citi Diamond Preferred comes into play. Most other credit cards offer 0% APR on balance transfers, but the promotional period generally lasts between 12 and 15 months. For balance transfers from date of first transfer and purchases from date of account opening, Citi Diamond Preferred offers 0% intro APR for 21 months. As a result, the variable APR will be 15.24% - 25.24%. In order to complete a balance transfer, the account must be opened within four months. Depending on the amount transferred, there is a balance transfer fee of either $5 or 5% of the amount transferred. A generous rate such as this is available.
These features include:
⦁    From the date of first transfer, balance transfers will have 0% Intro APR for 21 months, and purchases will have 0% Intro APR for 12 months. The variable APR after that will be 15.24% - 25.24%, depending on your creditworthiness. Within four months of opening an account, balance transfers must be completed.
⦁    Depending on the amount transferred, there is a $5 balance transfer fee or a 5% fee.
⦁    FICO® Scores are available online for free.
⦁    Take advantage of Citi Entertainment® to purchase tickets to thousands of events, including concerts, sporting events, dining experiences, and much more.
Capital One Quicksilver Cash Rewards Credit Card
In order to assist applicants with building credit, Capital One offers the Capital One Quicksilver Secured Cash Rewards Credit Card. As with most secured credit cards, the Quicksilver Secured requires a deposit equal to the maximum credit limit. It is common for Capital One to review accounts periodically in order to determine if a secured card can be upgraded to an unsecured card. In the event of account closure or if the account is moved to an unsecured card counterpart at Capital One's discretion, account holders will receive their deposit back (assuming the account is in good standing). A high variable APR of 26.99% is offered on purchases and balance transfers with the Quicksilver Secured card. The risk of accumulating more debt through interest charges should be considered by potential cardholders without practice or experience with credit card accounts.
These features include:
⦁    There are no annual fees or hidden charges, and you can earn 1.5% cash back on every purchase, every day. Instantly find out if you have been approved
⦁    Obtain a $200 credit line by paying a $200 refundable security deposit
⦁    Is your credit being built? The use of a card like this responsibly could be beneficial
⦁    If an unauthorized charge is made, you will not be held responsible with $0 Fraud Liability
⦁    Making timely payments on your card could earn you a statement credit for your security deposit
⦁    Your credit line will be automatically increased within 6 months without any additional deposit required
⦁    You can earn up to 5% cash back on hotels and rental cars booked through Capital One Travel, where you can take advantage of the best prices available from Capital One. There are terms and conditions
⦁    CreditWise from Capital One lets you monitor your credit score. free for everyone.
Blue Cash Everyday® Card from American Express
If you are looking for a credit card that offers savings on your most common expenses and does not want to pay an annual fee, you might be interested in the Blue Cash Everyday Card. This card is suitable if you do not wish to pay an annual fee for a credit card and a large chunk of your household budget is allocated towards filling your fridge, filling up at the pump, and/or filling your family's closets. Upon spending $2,000 in purchases within the first six months, you'll also receive a $200 statement credit as part of the welcome bonus. Also, if you are planning a major purchase in the near future, you can save money by taking advantage of the introductory APR offer offered by the card. On purchases and balance transfers requested within 60 days of account opening, get a 0% introductory APR for 15 months, followed by a variable APR of 15.49% to 26.49%. It is necessary to pay a balance transfer fee of $5 or 3%, whichever is greater. Nevertheless, if you spend more than $61 a week on groceries and other supermarket goods, Blue Cash every day's sibling card, the Blue Cash Preferred® Card from American Express will earn you more cash back over the long term.
These features include:
⦁    After spending $2,000 in purchases within the first six months on your new Card, you will receive a $200 statement credit.
⦁    There is no annual fee.
⦁    The Balance Transfer program has returned! Take advantage of 0% intro APR for 15 months from the date the account is opened on purchases and balance transfers. Thereafter, the variable APR ranges between 15.49% and 26.49%.
⦁    At U.S. supermarkets, you will receive 3% Cash Back on purchases up to $6,000 per year, and 1% after that.
⦁    A new feature! There is a 3% cash back offer on U.S. online retail purchases, up to $6,000 per year, and then a 1% cash back offer.
⦁    At U.S. gas stations, you will receive 3% Cash Back on up to $6,000 per year, then 1%.
⦁    Spend $13.99 or more each month on The Disney Bundle, which includes Disney+, Hulu, and ESPN+, and receive $7 back each month. It is necessary to enroll.
Petal® 2 "Cash Back, No Fees" Visa® Credit Card
The Petal 2 credit card does not require an annual fee and is suitable for people who have a fair credit history. There is only one no-annual-fee credit card available to those with so-so credit with the potential to earn up to 1.5% cashback. This makes it a notable specimen among unsecured credit cards designed to build credit. Petal 2's reward structure promotes responsible financial behavior. As soon as you make 12 on-time monthly payments, you will receive 1% cash back on eligible purchases. After 12 on-time monthly payments, you will receive up to 1.5% cash back on eligible purchases. You will also receive a percentage of cash back at select merchants, ranging from 2% to 10%. There are thorns on every rose, and the Petal 2 card is no exception. Petal cards are not available to individuals who have filed for bankruptcy within the last 48 months. In the event that you are unaware of that rule and are rejected, Petal states that you are not eligible to reapply for 30 days following the rejection letter. Unless your credit history has been damaged, just nonexistent, you will have to permit Petal to link to your primary bank account in order to determine your payment history. Credit cards that are designed for those just beginning to establish a credit history do not require this type of access, so keep this in mind when applying for one.
These features include:
⦁    There are no fees at all. Neither late fees nor foreign transaction fees nor annual fees apply.
⦁    14.49% - 28.49% are variable APRs
⦁    Upon making 12 on-time monthly payments, you will receive up to 1.5% cash back on eligible purchases.
⦁    Get 1% cash back on eligible purchases immediately
⦁    Select merchants offer cash back rates of 2% to 10%
⦁    A credit limit of $300 to $10,000 is available
⦁    Are you without a credit score? Nothing to worry about. In the event that you are eligible, we will create your Cash Score instead.
⦁    Obtain a pre-approval within minutes without affecting your credit score.
⦁    With the Petal card, you can build credit alongside hundreds of thousands of other members.
⦁    There are three major credit bureaus that Petal reports to.
⦁    There is no deposit required
⦁    WebBank is an FDIC-insured institution that issues credit cards
Citi Rewards+® Card
A no-annual-fee Citi Rewards+® Card is an attractive option if you are considering a rewards card for the first time. When you spend $6,000 or more per year at supermarkets and gas stations, you will earn 2 ThankYou Points per dollar and 1 ThankYou Point per dollar on all other eligible purchases. During the first 12 months following account opening, Earn 5 ThankYou Points per dollar spent at restaurants up to $6,000, and 1 ThankYou Point thereafter. Moreover, the most unique feature of the card - that it rounds up all purchases to the nearest ten points - may have you mentally calculating your future points earnings. There is also a welcome bonus: 20,000 bonus points upon spending $1,500 in purchases within three months of opening your account; the points may be redeemed for $200 in gift cards at thankyou.com. When examined more closely, that earnings structure can be easily surpassed by a number of other cards. The card advertises that it rounds up to the nearest ten points on every purchase, but in the end, that will not amount to as much as cards with greater rewards. Pairing the Citi Rewards+® Card with other ThankYou point-earning cards could help you earn a smidge more points. In what way? Depending on the type of purchase you are making, you can pair the cards strategically, using the one that earns more points. What is the value of juggling credit cards in order to earn a few more points on some of your purchases? Depending on how much you use credit cards for even small purchases and how much you prefer to manage multiple accounts, your decision will be influenced by your own personal preference. The poor cash-back value of the points that you have earned will not compensate for all the rounding up in the world, if you are seeking to maximize the value of every dollar spent.
These features include:
⦁    Spend $1,500 on purchases with your card within 3 months of opening your account to earn 20,000 bonus points; redeemable for $200 in gift cards at thankyou.com.
⦁    Earn 5 ThankYou® Points for every $1 spent at restaurants up to $6,000 in the first 12 months, and 1 ThankYou® Point for every $1 spent thereafter.
⦁    There is a 0% Intro APR on balance transfers for 15 months from the date of the first transfer and on purchases for 15 months from the date of account opening. The variable APR will then range from 14.99% to 24.99%, depending on your creditworthiness. During the first four months following account opening, there will be an intro balance transfer fee of 3% of each transfer (minimum $5). Afterward, your fee will be 5% of each transfer (minimum $5).
⦁    There is no cap on the number of points you can earn with the Citi Rewards+® Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase.
⦁    Enjoy 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year, then 1X points thereafter. As an added benefit, you will earn 1X ThankYou® Points on all other purchases.