The Best Credit Cards With Low Interest This Year

The best credit cards with low interest

Looking for some of the best credit cards with low-interest rates this year? You are in the right place. A card with a 0% APR period will give you the best chance of saving the most money.

Some of the best credit cards with low interest save you a ton of money by reducing the cost of debt. This is because you pay less in interest which allows you to pay back what you owe faster.

If you have debts or tend to carry a balance most months of the year, a low-interest card can be great for you. Let’s take an in-depth look at some of the best credit cards with low-interest rates.

What is a Credit Card with Low Interest?

A credit card with low interest is defined by its APR which stands for annual percentage rate. The APR can be variable or fixed, depending on the card you choose.

The card qualifies as low interest if the lower end of a variable percentage is around 12% to 14%. Most low-interest cards are variable which means that their APR will vary over some time.

It is common knowledge that you should make every effort to decrease the chance that you will create interest. If possible, avoid it altogether. A low-interest credit card allows you to achieve just that.

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Can You Get a 0% APR Credit Card?

The thought of paying no interest at all is exciting. But is that even possible The answer is Yes! But only for a certain period.

Most cards with 0% APR offer no interest for typically 6 to 21 months. This happens during the introductory period when you purchase the card. So, if you make any new purchases or perform any bank transfers, you will not incur any interest during that period.  

You can also consolidate debt if you have a 0% APR card. To do this, you have to perform a balance transfer to your 0% APR credit card. Here are a few things to remember though:

  • A 0% APR introductory period doesn’t apply to all transactions.
  • The length of the introductory period depends on the transaction type.
  • There is a limit to how much balance you can qualify for no interest.
  • You may incur fees if you transfer the balance.
  • Any remaining balance after the no-interest period is over will incur interest.

The Best Credit Cards with Low-Interest Rates

Below, I have listed out the main features of the best credit cards with low-interest rates. All these cards come with at least 15 months of introductory 0% APR period. Take a look and see what fits best with your needs!

Credit Card Annual Fee APR Intro Bonus Best For
16.74% to 28.74%, Variable, APR
Long 0% intro APR period (21 months)
15.74% to 26.74%, Variable, APR
Cashback Match
Bonus category cash back
15.74% to 26.74%, Variable, APR
Day-to-day purchases (gas, grocery, etc.)
15.74% to 26.74%, Variable, APR
Cash back on regular purchases
14.99% to 24.99%, Variable, APR
No penalty APR
18.74% to 27.49%, Variable, APR
Additional 1.5% Cash Back
Ongoing cash back
16.74% to 27.49%, Variable, APR
$150 Statement Credit
Long 0% APR period on balance transfers (21 months)
17.99% to 27.99%, Variable, APR
Flat-rate cash back
17.74% to 28.74%, Variable, APR
Grocery and gas rewards
17.24% to 27.24%, Variable, APR
20,000 points
Rewards on everyday purchases

Is It Good to Have a Low-Interest Rate on Credit Cards?

Yes, it is good to have a low-interest rate on credit cards you own.

A low-interest credit card saves you a lot of money by reducing the cost of debt. When you are paying less in interest, you can pay back what you have borrowed much more quickly.

Cards that come with an introductory period of 0% APR are the best at helping you save and pay down debts.

Some of the best credit cards with low interest are also ideal for big purchases. These cards reduce the risk of accruing deep interest charges. Therefore, you can pay off your debts and loans faster.

Additionally, if you have debt on your existing credit cards, you can save money by performing a balance transfer to a low-interest credit card.

Get The Plan for a Savings Challenge!

This bundle of money-saving challenges is a great way to keep you motivated and on track while you work toward your savings goals.

How Do You Get Your Hands on the Best Credit Cards with Low Interest?

While low-interest credit cards are greatly helpful, they are not within everyone’s reach. For instance, you may not be eligible for a 0% APR credit card if you have a low credit score.

However, there is nothing to worry about. This is nothing you can’t work towards!

To take full advantage of all the benefits that low-interest cards have to offer, you should build your credit score to a good level.

Find out what your current score is and take the necessary steps to improve it. You can do this by staying on top of monthly payments and lowering your credit utilization rate.

Conclusion - The Best Credit Cards with Low Interest

It’s a good idea to go for a credit card with a low-interest rate. This significantly lessens your financial burden, which enables you to make wiser financial decisions.

Working with a financial planner might be an option if you want to manage all of your costs, savings, and debts in one location. For beginners who want to take charge of their finances, My Financial Planner for Her is an excellent place to start.

If you enjoyed this article on The Best Credit Cards With Low Interest This Year, or if you have any questions for me, please feel free to leave them in the comment section below!

Recommended Resources: If you’re interested in learning more about online trading, check out my book “Trading for Success; 8 secrets why women are better forex traders” and take a deep dive into my blog.

And if you’re concerned about improving your finances, I have developed the best money tools based on my expertise and extensive experiences such as educational books on personal finance and trading basics, and a range of digital and audio products. All of these are to help you achieve towards getting you your desired outcome most efficiently and enjoyably, enhancing the learning process.

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    Giovana Vega

    Best Seller Author, Award Winner, Trader & Investor Blogger

    I’m Giovana currently living in Amsterdam, I used to work in big corporate firms in the finance sector. I quit my job after working more than a decade and started the path as a trader, investor and blogger. End  your search now and grow your financial knowledge with my book “Trading for Success: 8 secrets why women are better forex traders”. If there is an opportunity and adventure, count me in. 

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