Five Best Low Interest Credit Cards, Choose Right One for You

These low interest credit cards have either a low fixed rate annual percentage rate (APR) or a low introductory APR. Most of these cards have no annual fee, our objective opinion for each card is also enclosed. You can compare by yourself and find the best one just for you.

best credit card

best credit card

1. Citi® Platinum Select® MasterCard®

Interest Rate: As low as 11.99% Variable*
Intro Rate: 0% APR for up to 12 Months
Grace Period: 20 Days (Min.)
Credit Limit: n/a
Annual Fee: None

Special Offers: 0% APR* on Balance Transfers and Purchases for up to 12 Months

Our Opinion: An attractive card if you have good or excellent credit. Offers 0% interest rate for up to 12 months on purchases and balance transfers. No annual fee. Balance transfer fee is 3% ($5 minimum, no maximum). Platinum cardholder benefits include auto rental insurance, fraud protection services, and retail protection insurance. (Not designed for applicants with average or poor credit)

2. Discover® More(SM) Card

Interest Rate: As low as 11.99%*
Intro Rate: 0% Intro APR*
Grace Period: 25 Days (Min.)
Credit Limit: n/a
Annual Fee: None

Special Offers: *There is a 0% introductory APR on balance transfers for 12 months, and a 0% introductory APR on purchases for up to 6 months. See terms and conditions for complete details.

Our Opinion: Created for those with very good credit who want a cash reward card. Enroll to earn 5% Cashback Bonus® in rotating categories like travel, gas, restaurants, home, apparel, and movies (categories rotate every 3 months). Those who spend up to $1,500 on general purchases will receive a .25% rebate, between $1,500 and $3,000 will receive a .5% rebate, and over $3,000 will receive a 1% rebate.* Redeem in $50 increments; no limit for amount earned. Double your Cashback Bonus® when you redeem points with partners such as AMC Theaters, Borders Books and music, Pier 1, Gap and Red Lobster. Benefits include travel accident insurance, auto rental insurance, and various security and fraud protection services. 5% fee for balance transfers, one of the highest fees for a balance transfer. This card will benefit those who pay off their balance each month, spend at least $3,000 a year (to receive the 1% cash rebate) and use their cashback awards at participating retailers (to receive double cash rebates).

3. Capital One® No Hassle Miles(SM) Rewards – Excellent Credit

Interest Rate: 13.90% Variable*
Intro Rate: 0% on Purchases Until February 2011
Grace Period: 25 Days
Credit Limit: N/A
Annual Fee: None

Special Offers: A 0% introductory rate is available on purchases until February 2011. See terms and conditions for complete details.

Our Opinion: The Capital One® No Hassle Miles(SM) Rewards – Visa® Excellent 1x – 2x Miles Rewards is for people with excellent credit and is by far one of the best and least costly airline reward cards available. Through the rewards program, cardholders earn 1 mile per dollar spent on all purchases and two miles for each dollar spent above $1,000. Earn unlimited miles; miles do not expire. Miles are redeemable for flights on any airline with no blackout dates. Also redeem for travel, merchandise, and gift certificates. Miles can also be donated to participating charities. No annual fee. No foreign transaction fee.

4. Simmons First Visa Platinum

Interest Rate: 7.25% Variable*
Intro Rate: None
Grace Period: 25 Days
Credit Limit: N/A
Annual Fee: None

Special Offers: No transaction fee for balance transfers.

Our Opinion: You must have EXCELLENT credit to qualify or you will be rejected. This card also has a low cash advance rate. Benefits include travel insurance and auto rental insurance.

5. Discover® More(SM) Card – Clear

Interest Rate: as low as 11.99%*
Intro Rate: 0% Intro APR
Grace Period: 25 Days (Min.)
Credit Limit: n/a
Annual Fee: None

Special Offers: There is a 0% introductory APR on balance transfers for 6 months, and a 0% introductory APR on purchases for up to 6 months. See terms and conditions for complete details.

Our Opinion: Created for those with good credit who want a cash reward credit card. Spend up to $1,500 on general purchases and receive a .25% rebate. Spend between $1,500 and $3,000, and earn a .5% rebate. Earn 1% unlimited Cashback Bonus® on all other purchases after your total annual purchases exceed $3,000.* Enroll and receive 5% Cashback Bonus® in reward categories that rotate every 3 months (such as gas/auto, movies, restaurants, travel and more). Earned rebates are worth double their value at participating retailers through the Cashback Bonus® Reward program. Double your Cashback Bonus® when you redeem points with partners such as AMC Theaters, Borders Books and Music, Pier 1, Gap and Red Lobster. Earn unlimited rebates, rebates do not expire. Platinum benefits include auto rental insurance, travel accident insurance, and security and fraud protection services. This card will benefit those who pay off their balance each month and will spend at least $3,000 a year (to get the 1% cash rebate) and will use their Cashback Bonus® award at participating retailers. *See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer’s web site where you can review the terms and conditions for your selected offer.

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