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Best Credit Cards With Low Interest Rates

Low interest rates help consumers that choose to carry a balance pay down as much of their debt as possible. Low interest rates aren't just reserved for consumers with the best credit scores - you'll find low interest rates attached to secured cards and some student credit cards, too.

The best credit cards with low interest rates go beyond ongoing APR's. They might feature cash back programs, 0% interest introductory periods, and no annual fees.

That said, for the lowest possible interest rates available, Creditnet recommends keeping your balance at zero each month. Consumers that carry no balance pay no interest - seriously, we could all technically own 0 interest credit cards if we used them correctly! Another way to avoid interest is to transfer an existing credit card balance to a card that offers zero interest on balance transfers for a specific period of time, generally anywhere from 6-to-18 months.

Remember that interest rates vary based on your creditworthiness. If you're most concerned with low ongoing interest rates, consider the options available below. Creditnet has eliminated mediocre or middle-of-the-road offers and provided you with our list of the best credit cards with low interest rates. 


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What determines my interest rate?

It's an excellent question, and one we get pretty often at Creditnet. And yet, it's still a bit of a mystery since each issuer determines your interest rate differently.

Here's what we do know. 

The lowest interest rates on unsecured credit cards (most cards are unsecured, by the way) are given to the consumers with the best credit history and credit scores. An applicant with a great score might be surprised to see that their interest rate is still on the high side, which is probably a sign that their total credit history was low and, despite their sterling spending record so far, still makes them look like a bit of a risk in the eyes of creditors.

Other kinds of cards - including secured credit cards and student credit cards - have low starting interest rates because they're directed at consumers who are either new to credit, or have had a bad experience with credit in the past and are hoping to improve their spending habits. Essentially, a low interest rate up front keeps the risk of piling debt lower than that of using a credit card with a high interest rate.

Again, Creditnet recommends paying off that balance in full each month to eliminate interest rates completely. But for consumers that do plan on carrying a balance, the cards above have some of the lowest starting APR variables of any offers on the market today.