Most Americans use credit cards, albeit for different purposes. Some use them for everyday needs, such as daily purchases and paying bills, others for accumulating savings or for emergency needs when something happens. But for whatever they are used, each consumer is interested in low interest credit cards so as not to overpay.
Many people think that such credit cards do not exist, but it’s worth a good look and you will find holiday offers from different issuers wishing to acquire new customers in the New Year.
We, as a company dealing with credit information and everything related to personal finances, conducted our own research on what low interest credit cards companies offer in 2019, while having a high rating.
Read on if you want to find out about this and find the best low interest credit cards that suit you.
Credit cards with the best ratings for 2019
Many credit cards offer you a balance transfer from other credit cards with higher interest rates. It is worth accepting such an offer if a large balance has already been formed on your credit cards. This will help you improve your debt situation and stop your credit score from decreasing.
If you are going to use your credit card for accumulation, then a lower interest rate will save you thousands of dollars every year. So let’s move on to specific examples of low interest credit cards.
Discover It Balance Transfer Card
As can be understood from the name of the credit card itself, it is mainly intended for transferring balance from other credit cards, offering no interest rate in the first 18 months after registration, so that you can use all the advantages for paying your debt.
After this grace period passes without an interest rate, depending on the balance, it will be from 14.24% to 25.24% per annum. For the balance transfer you will need to pay 3% of the amount of the transferred balance. But to compensate for such a standard commission, in addition to interest-free periods, you will receive as much as 5% cashback of the amount spent in retail stores when shopping, as well as 1% for all other expenses.
Discover It Cash Back
This Discover It credit card is one of the best low interest credit cards when you prefer low introductory rates, as well as a large percentage of cashback on your purchases. These are the same 5% for purchases at certain retail stores and 1% for all other expenses. Your cashback does not go anywhere over time, you can use it at any time. Zero interest rate will be waiting for you for 14 months.
Discover It Chrome
Low interest credit cards such as Discover It Chrome from Discover are also loyal to your balance transfer and cashback from purchases, like the previous two options. It also offers a 14-month lack of interest rate from the day of registration of the card.
Discover It Chrome credit card offers you 2% cashback on gasoline and food expenses in restaurants, but within 1000 dollars per quarter, and for all other expenses using this credit card you will receive 1% cashback.
After the end of the interest-free 14-month period, you will pay from 13.74% to 24.74% per annum, while you will be pleased with the absence of fees for international transactions and annual fees.
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards offers 15 months without paying the interest rate, no annual fee, and a 1.5% cash back for all your purchases. In addition, you will receive $ 150 for registration if you spend $ 500 in the first three months. However, do not forget that in the case of a balance transfer, you will have to pay 3% of the amount of the transferred balance. Annual variable interest rate will be from 15.24% to 25.24%.
Capital One VentureOne Rewards Credit Card
If you travel a lot and want to use all the advantages of low interest credit cards when traveling, then Capital One VentureOne Rewards is an option especially for you. You will earn miles for every dollar spent. Thus, you can earn about 20,000 miles, earning 1.25 miles for 1 dollar. You can also use this credit card to transfer the balance at zero percent per annum in the first 12 months.
Capital One SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards is one of the best low interest credit cards for those who often dine in different cafes and restaurants. It can be business lunches or romantic, does not matter. In the first 15 months after the balance transfer, you will also receive a grace period, and you will not have to pay an annual fee and commission for international transactions. In addition, spending $ 500 for the first 3 months after registration, you will also receive a $ 150 bonus.
American Express Cash Magnet
American Express Cash Magnet credit card also offers excellent conditions as one of low interest credit cards. The interest rate from 15.24% to 26.24%, together with a 1.5% cash return for all your purchases, is one of the attractive points of this credit card.
You can also get $ 150 for registering a card, provided that you spend $ 1,000 in the first 3 months. In addition, if you spend $ 6500 for the first year of using the American Express Cash Magnet card, then you will earn $ 100 more, for a total of $ 250 bonus for you.
Blue Cash Everyday Card from American Express
American Express’s Blue Cash Everyday Card also offers you zero percent per annum for the first 15 months, no matter if you transfer the balance to it or just pay your daily purchases and bills. 15.24% to 26.24% after the grace period are a good and fairly low interest rate that you will pay after the end of the first 15 months after registering the card.
The rewards you will receive when using this credit card will help you earn more on products and gas stations. In the first case, you will return 3%, and in the second 2%, provided that the refund amount does not exceed $ 6,000 per year. There can be attributed a bonus for registration in the form of $ 150 for $ 1000 of spending in the first three months.
Credit card Citi Simplicity
Citi Simplicity offers a zero-interest balance transfer for the first 18 months of use. The same applies to purchases made with it. At the end of the grace period, you will pay a variable annual interest rate from 15.24% to 25.24%, without any registration bonuses.
However, what makes it one of the most attractive low interest credit cards, so the search for the best prices for different stores. In the automatic mode, it finds the lowest prices and returns the difference to you from the price you paid before, if the price does not exceed $ 300, and compensation for such a difference is no more than $ 1,200 per year. For this you can refuse some other rewards and bonuses.
Citi Diamond Preferred Card
Citi’s credit card offers an extended zero interest rate for balance transfers. You do not have to pay interest for as long as 21 months, which is almost 2 years. During this time, you will have many opportunities to pay off old debts in order to reduce the balance or reduce it completely to zero.
Then, at the end of the zero period, you will pay 14.24% to 24.24%, depending on your solvency, which you will have to manifest during this time. In addition, personal concierge services will be available to you, ready to come to your aid at any time, without breaks and weekends.
These features make the Citi Diamond Preferred Card a class higher than most of this series. Also, you will be available discounts in various chain stores.
Barclay Ring Mastercard
The minimal maintenance fees and the absence of fees for international transactions make Barclay Ring Mastercard one of the most attracting low interest credit cards on the market. If you travel a lot and also want to make a profitable balance transfer, then this credit card is the option that will help you get what you need.
For the first 15 months after registration, you will be served at a zero interest rate, and the balance transfer fee will be only 2%, but not less than $ 5. In addition to these benefits, you will have constant free access to your credit rating. After the grace period, the variable interest rate will be 14.24%.
Wells Fargo Platinum Visa
This credit card offers one of the most affordable options among low interest credit cards. For a balance transfer from you will not take a cent. The zero interest rate per annum will last the first 18 months, the same applies to purchases. After this period, the variable interest rate will range from 13.74% to 27.24%. No annual service charge.
In addition to these undeniable benefits, you can also get free access to your credit score, which will help you monitor the status of your credit and keep it at a high level. You will also receive protection against fraudulent transactions.
Chase Freedom gives you the opportunity to use a zero interest rate for 15 months from the date of registration of the card, as well as a registration bonus of $ 150, subject to an expense of $ 500 for the first three months.
Despite a slightly higher interest rate after the grace period from 16.99% to 25.74% per annum, you will not have to pay an annual card service fee, and you will also receive 5% cashback for certain categories of expenses that change each quarter. The cashback reward will be limited to $ 1,500, but from all other purchases you will receive an unlimited 1% reward that does not have a statute of limitations while you use the card.
Chase Freedom Unlimited
Chase Freedom Unlimited gives you a little more freedom in terms of payload. You will receive an unlimited 1.5% reward on all purchases made with this credit card. In this case, you will receive a registration bonus of $ 150, if you spend $ 500 in the first months. The grace period with a zero interest rate will be 15 months.
Among other things, you get the opportunity to control your credit, thanks to a free weekly update of information about your credit rating.
US Bank Visa Platinum Card
The first year and a half you will not pay the interest rate, after which this one of the low interest credit cards will offer you to pay from 14.74% to 25.74% per annum. Visa Platinum from US Bank will allow you to feel protected from intruders’ transactions, and you can also regulate the date of occurrence of the minimum payment.
BankAmericard Credit Card
Created mainly for the possibility of BankAmericard balance transfer, you have not to pay annual fees, and after 18 months the zero interest rate will be from 15.24% to 25.24%. International transactions will cost you 3% of the amount, but the absence of annual fees is worth it.
There are not many additional privileges due to good balance transfer conditions, which will allow you to solve the problem with your credit card debts. You can also control your credit score and get protection from fraudsters, which is already a lot.
USAA Preferred Cash Rewards Visa Signature Card
This credit card is one of the best low interest credit cards. The annual interest rate will be only 13.9% to 27.9%, which is one of the lowest rates in the market. It is intended mainly for the US military and veterans who can qualify for this credit card. You will be able to receive a 1.5% cashback, without any restrictions, regardless of the category of purchases, stores and the total amount of the reward.
To sum up
When many people think about credit cards, they immediately represent high interest rates and an inexplicably fast-growing debt. However, as you can see, there are enough decent options to use one or several low interest credit cards. Moreover, you can even correct the current situation with your loan and get many opportunities to improve your credit score.
The credit cards described here provide an excellent chance to reduce your debt and get affordable interest rates. Control of your credit rating will not allow you to lose the situation control and you can keep its gender control. However, remember that these credit cards in most cases will not be available for those who have bad credit or that is below average.
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