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Guide to Low Interest Credit Cards
17 Feb 2019

An Expert Guide to Low Interest Credit Cards in 2019

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Whether you pay your bills with credit cards or reserve them for emergencies only, you should be looking for low-interest credit cards.

Maybe you thought it was a myth that they even exist or you haven’t had good enough credit to qualify. But, this is a new year and there is a low-interest credit card for you if you look hard enough.

The good news, you don’t have to look far. We’ve compiled a comprehensive list of the top-rated low-interest rate credit cards for 2019. Even better, some of them offer cash back rewards which makes them even more appealing.

Your search is over. We’re sure you’ll find something here that aligns with your financial situation. Keep reading to learn more.

The Top Ranking Low-Interest Credit Cards for 2019

If you’re carrying high balances on your department store credit cards, it may be time to think about transferring your balance to a low rate card. Many credit cards offer generous balance transfer programs with interest rates as low as zero percent for a specific period of time. This may give you the opportunity you need to get the balances paid off for good.

Likewise, if you’re going to carry a balance on your credit card at all, you should opt for the lowest interest rate you can get. It can save you hundreds, if not thousands of dollars per year.

So, without further adieu, here are the best credit cards you can find with low interest rates. Not only to start but forever!

American Express Cash Magnet Card

With a zero percent APR on purchases and balance transfers for the first 15 months and 15.24% to 26.24% thereafter, this American Express Cash Magnet card could be your saving grace.

You can also earn an additional $250 cash back when signing up. Spend $1,000 or more in the first three months for $150 and then an additional $100 for spending $6,500 in the first year. Not to mention that you’ll earn 1.5% cash back on all of your purchases.

There is no annual fee with this card and it is accepted at over 1.5 million places in the United States alone. Cardholders also have access to various shopping and travel benefits including car rental insurance, extended warranty coverage, return protection, and travel accident insurance.

Blue Cash Everyday Card from American Express

The Blue Cash Everyday Card from American Express offers a zero percent APR on purchases and balance transfers for the first 15 months. It’s 15.24% to 26.24% after that. But, you’ll also enjoy a $150 sign-up bonus if you spend $1000 in the first three months.

The rewards on this card are pretty comprehensive so you’ll really notice the savings. Earn 3% cash back on groceries up to $6000 per year and 2% cash back at gas stations and select department stores. You’ll earn 1% cash back on all other purchases, all the time.

Discover It Balance Transfer

For a card specifically designed for your balance transfers, the Discover It Balance Transfer card has a few other perks worth talking about. But first, take a look at the zero percent APR on balance transfers for the first 18 months. You’ll also enjoy zero percent APR on purchases for the first six months.

After the introductory periods, the regular variable APR is 14.24% to 25.24% with a 3% balance transfer fee. To offset the spike in your interest rate, however, Discover offers 5% cash back at different retailers and select establishments each quarter. You’ll also earn 1% cash back on all other purchases.

And that’s not all. Discover will match your cash back in the first year, automatically. There’s no limit.

Discover It Cash Back

If you want a Discover card but you’re looking for something with a lower introductory APR on purchases, this is the one. The Discover It Cash Back card offers zero percent APR on purchases and balance transfers for the first 14 months. It rises to 14.24% to 25.24% after that.

This card was designed with the cash back feature outlined above. You’ll earn 5% cash back on select purchases throughout each quarter and 1% cash back on all other purchases. Discover will match your cash back in the first year and you can redeem your cash back in any amount at any time – rewards never expire.

Discover It Chrome

The Discover It Chrome credit card from Discover resembles the Discover It Cash Back card with regard to your purchase and balance transfer APR. In addition, it has minimal fees and zero percent APR, 14-month introductory period. There’s no sign-up bonus but you’ll enjoy 2% cash back on dining and gas up to $1000 per quarter.

You can also redeem 1% cash back on all other purchases. The best part, Discover will match your cash back in the first year.

There is no annual fee or foreign transaction fees with this card. Regular APR is 13.74% to 24.74%.

Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards card has a regular variable interest rate of 15.24% to 25.24% with no annual fee. It offers a 15-month zero percent introductory period on purchases and balance transfers. Just watch out for the 3% balance transfer fee in that introductory period.

Additional benefits with this card include 1.5% cash back on all purchases. You’ll also receive a $150 sign-up bonus if you spend $500 in the first three months of opening the card.

Capital One VentureOne Rewards Credit Card

In this day and age, traveling almost requires a travel rewards credit card. And you’ll find just that in the Capital One VentureOne Rewards credit card.

Earn 20,000 miles upon signing up with additional miles stacking up at 1.25 miles for every $1 spent.

While this card doesn’t offer an introductory rate for balance transfers, you’ll enjoy 0 percent APR on all purchases for the first 12 months. The interest rate is 14.24% to 24.24% thereafter.

You may qualify for this card with less than excellent credit.

Capital One SavorOne Cash Rewards Credit Card

If you dine out a lot, you need a credit card that rewards you for such. And the Capital One SavorOne Cash Rewards credit card is the one you’re looking for.

Enjoy zero percent APR on purchases and balance transfers for the first 15 months with a 15.24% to 25.24% APR after that. There is no annual fee and no foreign transaction fee with this card.

The perks — earn 3%, 2%, and 1% on dining and entertainment, groceries, and all other purchases respectively. Cash never expires for the life of the account and there’s no limit to how much you can earn.

Finally, you can also earn a one-time bonus of $150 if you spend $500 on your card within the first three months of opening it.

Citi Simplicity Card

With a zero percent APR on purchases and balance transfers for 18 months, the Citi Simplicity Card is worth writing home about. It holds a variable APR of 15.24% to 25.24% after the introductory period. This card does not offer any sign-up bonuses.

Perhaps the greatest feature of this card is Citi Price Rewind. Citi automatically searches for lower prices at competing retailers after you make a purchase. If it finds a lower price, it will refund you the difference (within 60 days). This feature is available up to $300 per item and $1,200 per year.

Citi Diamond Preferred Card

This card offers a zero percent introductory APR on purchases and balance transfers for 21 months. It ranges from 14.24% to 24.24% depending on your creditworthiness thereafter.

The great perks you’ll encounter with this card make the low interest rate an afterthought. You’ll get free access to personal concierge services 24/7. These concierges are qualified to book flights, hotel rooms, concert tickets, and other events on your behalf.

Even more, you’ll have access to exclusive discounts and deals at well-known retailers like GAP and CVS via CitiEasy Deals which is available online or your smartphone app.

Barclay Ring Mastercard

The Barclay Ring Mastercard is one of the nicest credit cards on the market. There’s no sign-up bonus but it carries minimal fees and no annual fee. Not to mention that there’s also no foreign transaction fees if you’re a frequent traveler.

Barclay offers a zero percent APR on balance transfers for the first fifteen months. Your transfers must be made within 45 days to qualify. The fee for these transfers is the greater of 2% or $5 but there is no balance transfer fee after the promotional period.

You’ll also enjoy a flat $3 fee for cash advances and complimentary access to your FICO score through your online account. Regular APR is 14.24% variable.

Wells Fargo Platinum Visa

The Wells Fargo Platinum Visa is one of the lowest interest rate credit cards you’ll find. With a zero percent APR on purchases and balance transfers for the first 18 months, and 13.74% to 27.24% variable after that, this card is hard to pass up. Not to mention that there’s no annual fee.

You’ll also enjoy easy access to your FICO score with Wells Fargo Online and zero liability protection on unauthorized transactions. Additionally, the My Money Map feature offers convenient tools for creating and managing your budget.

Chase Freedom

The Chase Freedom credit card comes with a little bit higher APR at 16.99% to 25.74% after the first 15 months. You’ll enjoy the introductory APR of zero percent attached to a $150 sign-up bonus if you spend $500 in the first three months of opening the account. There is no annual fee for this card.

The cash back program with this card is almost unbeatable. You’ll earn 5% cash back on purchases from combined categories each quarter, up to $1,500. Earn unlimited 1% cash back on all other purchases.

Cashback rewards never expire and there’s no minimum to redeem them.

Chase Freedom Unlimited

For a more basic version of the cash back rewards with Chase, consider the Chase Freedom Unlimited. You’ll earn an unlimited 1.5% cash back on all purchases. This card also offers the $150 sign-up bonus for spending $500 in the first three months and zero percent APR on purchases and balance transfers for 15 months.

You’ll also have access to Credit Journey which allows you to review your credit score for free. It’s updated weekly.

US Bank Visa Platinum Card

Enjoy a zero percent APR on purchases and balance transfers for the first 18 billing cycles with the US Bank Visa Platinum card. The regular APR is variable at 14.74% to 25.74% after that. Not only that, this card was named a 2018 World’s Most Ethical Company by the Ethisphere Institute.

If you’re interested in low rate credit cards with perks that match no other, this may be the card for you.

You’ll get up to $600 cell phone protection with just a $25 deductible for damage and theft if you pay your monthly cell phone with your US Bank Visa Platinum credit card. Not to mention the option to choose your own payment date.

BankAmericard Credit Card

The BankAmericard is a balance transfer credit card issued by Bank of America. It carries no annual fee with a variable APR of 15.24% to 25.24% after the introductory period. The introductory period lasts 18 billing cycles with an APR of zero percent on purchases and balance transfers.

This card was specifically designed for balance transfers so there aren’t many additional perks. You can access your free FICO score monthly. Other benefits include zero liability for fraudulent transactions and a temporary credit card number for online purchases before your card arrives in the mail.

There is no annual fee for this card but you will pay 3% for foreign transaction fees.

USAA Preferred Cash Rewards Visa Signature Card

For one of the best low-interest credit cards with basic features, if you’re a military member or veteran, you may qualify for the USAA Preferred Cash Rewards Visa Signature Card.

There is no introductory period or fancy rewards bonus but you’ll enjoy the regular 13.9% to 27.9% APR every day. Additionally, you can earn 1.5% cash back on all purchases, no strings attached.

Final Thoughts

There you have it.

These are the best low-interest credit cards available to consumers with good to excellent credit scores. Use them to your advantage but beware that higher balances will still cost you more.

If you found this article helpful, check out our post about what negatively impacts your credit score. It could help you score one of these cards. Also check out our articles on bad credit personal loans.

Here are some other articles you may find interesting:
Should I Consolidate My Loans Right After Graduation?
5 Ways to Maximize Reloadable Debit Cards
Keep More of Your Money: The Best Credit Card for Cash Back
What Are the Disadvantages of an Instant Credit Card?