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Many people have experienced unforeseen circumstances such as a health problem, or a home repair that needed to be taken care of immediately, being most important one of various low interest credit cards.
When issues like this arise, it is very important to have good credit cards that enable the debt to be paid off as little as possible.
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We know that the best thing to do when it comes to debt is to pay the balance in full, but we know that this is not always possible.
In many cases, interest rates are so high that the amount to be paid by the debtor in the end is almost double the initial amount.
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Therefore, it is very important to know which credit cards have low interest rates, so you can save money and decrease the chances of acquiring an unpaid debt.
Best low interest credit cards options
With hundreds of options available in the market, choosing a low interest credit card can seem like a difficult task.
Low interest credit cards have the advantage of reducing the total cost of debt, making the payment process easier, and optimizing your financial life.
If you want to save money, we have brought you a list with the 7 best low interest credit cards, check out our recommendations below.
1- Wells Fargo Reflect® Card
The Wells Fargo Reflect® card, one of low interest credit cards, is an excellent option when it comes to low interest credit cards. With 0% intro APR for 18 months from account opening, it is one of the cards with the best credit terms.
It has a free annual fee, and you can get up to $600 worth of cell phone protection against damage or theft when you pay your monthly cell phone bill with this card.
The card also has an introductory rate of 3% for 120 days from account opening, then up to 5%. With the Wells Fargo Reflect® card you can also earn cashback on purchases through My Wells Fargo Deals, where you get access to offers from various merchants and can get cash back when you make a purchase.
2- Discover it Cash Back
With an annual fee of $0, it is one of the cards with the best rewards for its users on the market.
With Discover it Cash Back, you can earn 5% cash back on everyday purchases at different places each quarter, such as Amazon.com, supermarkets, restaurants, and gas stations. With an affordable credit score, you only need a 650 credit score to access this card.
Another advantage of this card is that it offers unlimited 1% cash back on all other purchases, automatically. In addition, it also offers a 0% intro APR for 15 months on purchases, making it a great low interest credit card.
3- DCU Visa® Platinum
While it is not a card packed with rewards, it does have some interesting features that make it a low interest credit card.
DCU Visa® Platinum has no annual fee and a variable APR of 11.50%. On it, there is no foreign currency transaction fee, balance transfer fee for each transaction, and cash advance fee for each transaction.
DCU Visa® Platinum has a lower APR¹ for purchases, lower for balance transfers and for cash advances, which makes it an interesting option for those who want to pay less in interest and improve their financial life.
4- Citi® Diamond Preferred® Card
With a 0% introductory rate advantage of 21 months on balance transfers, the Citi® Diamond Preferred® card makes up the list of the best low interest credit cards.
It gives you free access to your FICO Score online, as well as several advantages such as special access to events like concerts, sporting events, and others.
With an introductory APR period on balance transfers among the longest you can find, with a score from good to excellent (670 – 850) you may be able to use this card.
After the 21-month period, variable APR will be 17.49% to 28.24%, based on your creditworthiness.
5- Quicksilver Cash Rewards
Quicksilver Cash Rewards is one of the low interest credit cards on the market. With a 0% intro APR for 15 months on purchases and balance transfers, it is an excellent option for those who want to pay low interest. Through Capital One Travel, you can earn 5% unlimited cash back on booked hotels and rental cars.
Quiksilver has some great advantages for those who choose it as their low interest credit cards. One of them is that the card gives 1.5% unlimited cash back on all purchases, every day.
Another advantage this card offers that sets it apart from others is a $200 cash bonus. To have access to this bonus, however, you need to spend $500 on purchases within 3 months of opening the account.
6- Choice Rewards World Mastercard®
A card that features many inviting rewards, Choice Rewards World Mastercard® has no annual fee, no foreign transaction fee and no balance transfer fee, being a good option in low interest credit cards.
One of the best advantages when it comes to interest rates is that it has 0% APR during the first 12 billing cycles. This puts it in the list of the best low interest credit cards,
With a good rewards program for daily purchases, it enables its customers to earn 2X points on groceries, gas, electronics, medical products, housewares, and telecommunications.
In addition, it offers a welcome bonus of 20,000 on spending $3,000 in the first 60 days after opening the account. On this card, after the 12-month period the APR, will be 12.50% to 18.00%.
It is estimated that rewards earned after one year with Choice Rewards World Mastercard® reach $344, and after 5 years, $1,720, which can be very beneficial for those who like to save and receive benefits with a credit card.
7- Chase Freedom Flex
Finally, closing the list of low interest credit cards, we have the Chase Freedom Flex is a card that also ranks among the best low interest credit cards. This is due to the fact that this card has excellent features such as 0% for 15 months, free annual fee and various rewards for its users.
As a welcome offer, Chase Freedom Flex offers $200 cashback bonuses after spending $500 in the first three months, plus 5% cash back on Lyft rides.
However, the cashback options don’t stop there, and those who choose this card can get their revolving 5% cash back on up to $1,500 in bonus category spending activated each quarter.
In addition, you can receive Cashback at grocery stores, gyms, pharmacies, travel, and restaurants. No doubt this is a card worth having, as it is packed with features.
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