Whether you are looking to get rid of credit card debt or to purchase something expensive, there is nothing better than a low interest credit card. We have shortlisted some of the best in the market right now, many of which offer at least 12 months of 0% APR on purchases and balance transfer, rewards or waived annual fees. Start saving money today with these low interest rate options.

Best Card For Balance Transfers

Chase Slate<sup>®</sup>

Chase Slate®

  • Our Rating:
At Chase's secure website

FANTASTIC

  • $0 introductory balance transfer fee for transfers made during the first 60 days.

INTRO APR

0% Introductory APR for 15 months on purchases and balance transfers

REGULAR APR

13.24%-23.24% Variable

ANNUAL FEE

$0

CREDIT REQUIRED

Good, Excellent

CARD DETAILS

  • Chase Slate named "Best Credit Card for Balance Transfers" three years in a row by MONEY Magazine
  • $0 Introductory balance transfer fee for transfers made during the first 60 days
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Free Monthly FICO® Score and Credit Dashboard
  • No Penalty APR - Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Chase Slate® deserves the top spot for being a card that could bring significant savings if you are looking to consolidate your existing credit card debt. When you do a balance transfer within the first 60 days, there is no balance transfer fee to pay. Most other cards charge a 3-5% balance transfer fee right from the beginning. So, for instance, if you transfer a $10,000 balance to this card within the first 60 days, that's already a minimum savings of $300. Chase Slate® has a 0% introductory APR for 15 months on purchases and balance transfers (13.24%-23.24% variable APR on purchases and balance transfers after that). What's more, there's a $0 annual fee. Here's our Chase Slate® review. Considering these benefits, we picked this card to be the best for balance transfers.

Best Low Interest And Rewards Card

Chase Freedom<sup>®</sup>

Chase Freedom®

  • Our Rating:
At Chase's secure website

FANTASTIC

  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
  • No annual fee.
  • Rewards never expire.

BEWARE OF

  • 5% cash back on combined purchases in bonus categories capped at $1,500 per quarter.
  • Has foreign transaction fees.

INTRO APR

0% Intro APR for 15 months on purchases and balance transfers

REGULAR APR

14.24%-23.24% Variable

ANNUAL FEE

$0

CREDIT REQUIRED

Excellent

CARD DETAILS

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 14.24-23.24%
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories every 3 months like gas stations, restaurants, and select grocery stores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards never expire as long as your account is open
  • No annual fee
Chase Freedom® is a rewards card that has no annual fee and a 0% intro APR for 15 months for purchases and balance transfers. After that, there is a 14.24%-23.24% variable APR for both purchases and balance transfers. You'll also get 5% cash back on quarterly rotating categories (on up to $1,500 in combined purchases per quarter), and an unlimited 1% cash back on all other purchases. Chase Freedom® lets you earn a $150 Bonus, which you'll receive after making just $500 in purchases within the first 3 months, and an additional $25 Bonus after you add your first authorized user and make a purchase during this 3-month period. Here's our Chase Freedom® review. Overall, this Visa card is great for earning rewards and for its low interest benefits.

Our Favorite For Low Interest And Earning Cash Back Twice

Citi<sup>®</sup> Double Cash Card

Citi® Double Cash Card

  • Our Rating:
At Citi's secure website

FANTASTIC

  • The card that earns you cash back twice on every purchase.
  • Introductory APR offer.

INTRO APR

0% intro APR on purchases and balance transfers for 15 months

REGULAR APR

13.24% - 23.24%* (Variable)

ANNUAL FEE

$0*

CREDIT REQUIRED

Excellent

CARD DETAILS

  • 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 13.24% - 23.24%, based on your creditworthiness
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • The only card that earns you cash back TWICE on every purchase with:
  • 1% cash back when you buy
  • Plus 1% cash back as you pay for those purchases, whether you pay in full or over time*
  • No Category Restrictions, No Caps, No Enrollments in Rotating Categories
  • No Annual Fee
Citi® Double Cash Card , a partner card, has a great combination of benefits which can save you some money: It has no annual fee, good cash back rewards, and a 0% intro APR on purchases and balance transfers for 15 months, 13.24% - 23.24% variable APR thereafter. You earn cash back twice on every purchase: 1% when you buy and another 1% when you pay, as long as you pay the minimum due. The cash back you earn is unlimited and you can redeem for statement credit, a check, or a gift card. Here's our Citi® Double Cash Card review. Citi® Double Cash Card is thus a good choice for you if you want to earn cash back twice and have a long 0% introductory APR period with no annual fee.

Best For No Fees And Double Cash Back

Discover it<sup>®</sup> - Double Cash Back your first year

Discover it® - Double Cash Back your first year

  • Our Rating:
At Discover's secure website

FANTASTIC

  • 5% cash back in categories that change each quarter like gas, restaurants, home improvement stores and more-up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
  • We'll double all the cash back you've earned at the end of your first year. So if you earned $101 cash back, we'll double it to $202-Automatically. Only for new cardmembers.*.

INTRO APR

0% on purchases and balance transfers for 12 months

REGULAR APR

11.24% - 23.24% Variable*

ANNUAL FEE

$0

CREDIT REQUIRED

Good, Excellent

CARD DETAILS

  • We'll double all the cash back you've earned at the end of your first year. So if you earned $101 cash back, we'll double it to $202-Automatically. Only for new cardmembers.*
  • 5% cash back in categories that change each quarter like gas, restaurants, home improvement stores and more-up to the quarterly maximum when you sign up.* 1% cash back on all other purchases.
  • 0% intro APR* on purchases & balance transfers for 12 months-then a variable purchase APR applies, currently 11.24% - 23.24%. A 3% fee applies to each transferred balance.
  • Freeze It(SM) on/off switch lets you prevent new purchases, cash advances & balance transfers on misplaced cards in seconds by mobile app & online.* Plus get 100% U.S.-based service.
  • Track your recent FICO® Credit Scores for free in one easy-to-read chart on monthly statements & online.*
  • No annual fee.* No overlimit fee. No foreign transaction fee. No late fee on first late payment & paying late won't raise your APR.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text and you're never responsible for unauthorized purchases on your Discover card.
  • Click "Apply Now". *See rates, rewards, FICO® Credit Score terms & other information.

Discover it® - Double Cash Back your first year offers 0% intro APR on purchases and balance transfers for the first 12 months and a 11.24% - 23.24% variable purchase APR for purchases and balance transfers thereafter. The balance transfer fee is 3%. You will get 5% cash back for purchases in categories that change every quarter (up to a quarterly maximum of $1,500) and 1% cash back for your other purchases. Just for new cardmembers: Automatically double all the cash back you've earned with this card at the end of your first year. Here's our Discover it® - Double Cash Back your first year review. We like that Discover it® - Double Cash Back your first year has no late fees for your first late payment, no penalty APR, no foreign transaction and no annual fee.

Our Favorite For Low Interest And Earning Miles

Capital One<sup>®</sup> VentureOne<sup>®</sup> Rewards Credit Card

Capital One® VentureOne® Rewards Credit Card

  • Our Rating:

FANTASTIC

  • Earn unlimited 1.25 miles per dollar on every purchase, every day and pay no annual fee.
  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within the first 3 months, equal to $200 in travel.

INTRO APR

0% on purchases until February 2017

REGULAR APR

12.24% - 22.24% (Variable)

ANNUAL FEE

$0

CREDIT REQUIRED

Excellent

CARD DETAILS

  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within the first 3 months, equal to $200 in travel
  • Earn unlimited 1.25 miles per dollar on every purchase, every day and pay no annual fee
  • Fly any airline, stay at any hotel, anytime
  • Enjoy a low intro APR on purchases until February 2017; 12.24%-22.24% variable APR after that
  • Travel when you want with no blackout dates
  • No foreign transaction fees
  • Miles don't expire and there's no limit to how many you can earn
Capital One® VentureOne® Rewards Credit Card is a Visa card that offers 0% intro APR on purchases until February 2017. After that, you will have an 12.24% - 22.24% variable APR depending on your creditworthiness. This card gives you 20,000 bonus miles ($200 in travel) after you spend $1,000 on purchases within the first 3 months. You can earn an unlimited 1.25 miles per dollar on every purchase. There is a $0 annual fee. Here's our Capital One® VentureOne® Rewards Credit Card review. Overall, an excellent choice for earning miles on every purchase, coupled with a respectable period of 0% intro APR for those of you looking to make big purchases.

View Details

Our Favorite For Long 0% Intro APR

Citi<sup>®</sup> Diamond Preferred<sup>®</sup> Card

Citi® Diamond Preferred® Card

  • Our Rating:
At Citi's secure website

FANTASTIC

  • Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.*.
  • 24/7 concierge service.

INTRO APR

0%* on purchases and balance transfers for 21 months*

REGULAR APR

12.24% - 22.24%* (Variable)

ANNUAL FEE

$0*

CREDIT REQUIRED

Excellent

CARD DETAILS

  • Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi Easy Deals(SM) Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card. Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
Citi® Diamond Preferred® Card, a partner card, has a 0% intro APR on purchases and balance transfers for 21 months. After that, 12.24% - 22.24% variable APR (depending on creditworthiness) for both purchases and balance transfers. A balance transfer fee equal to 3% of the amount of each transfer (or $5 minimum per transfer) applies. As a cardholder you'll have access to its 24/7 Diamond Preferred concierge service. Here's our Citi® Diamond Preferred® Card review.

What Is A Low Interest Credit Card?

A low interest credit card gives you a low introductory APR period for purchases. These cards are ideal for making big-ticket purchases, because even if you don’t pay back your balance for a purchase in full by the due date, you won’t pay interest on your balance until the end of the intro APR period.

For example, if you buy a second hand car for $10,000 using a card that has a 0% intro APR period of 15 months for purchases, you won’t have to pay interest on those $10,000 of credit until 15 months after you open your new card account. If you pay off the balance in full before then, you basically get an interest-free loan.

Both Chase Freedom® (0% intro APR for 15 months for purchases and balance transfers, then 14.24%-23.24% variable APR) and Citi® Diamond Preferred® Card (0% intro APR on purchases and balance transfers for 21 months, with 12.24% - 22.24% variable APR after) have long introductory purchase APR periods.

Alternatively you can also use a card that has a low ongoing standard APR. This may be a better choice if you regularly carry a balance on your purchases. Barclaycard® Ring MasterCard® has 8.25% variable APR, which makes it a good card to use if you are in the habit of carrying a balance.

If you already have built up a balance and want to avoid paying interest for your card debt, then a balance transfer credit card is a better choice. This kind of card comes with a long introductory APR period for balance transfers.

Some credit cards offer low introductory APR periods for both purchases and balance transfers. A card like this lets you save on your balance transfers while taking advantage of a low intro purchase APR.

If you have balances on your old credit cards and you're paying high interest on them, then changing to a card that gives you 0% introductory APR on both purchases and balance transfers is ideal.

But if you don’t have a balance that you want to pay off (or at least avoid paying interest on) then a card that has a 0% intro APR for purchases will work just as well.

Some cards offer a low introductory APR for purchases, but not a 0% introductory rate. Unless your credit doesn’t let you get a 0% intro APR card (most require excellent credit), or you don’t intend to carry a balance, we would recommend that you only consider cards with a 0% introductory APR offer.

How We Rate Low Interest Credit Cards

Low interest credit cards are rated by GET.com based on the interest savings they offer, among other factors. We look at introductory APR periods on purchases, and ongoing purchase APRs. We rate cards based on the length of the low intro purchase APR period as well as the APR offer during that period. Cards with a 0% introductory purchase APR period will usually receive higher ratings.

Cards that offer low ongoing APR rates for purchases may also receive good ratings. Other factors we take into account when rating cards are annual fees, purchase benefits (like purchase protection and price protection), rewards, travel benefits, other card fees (like foreign transaction fees) and unique card benefits.