Aug 25, 2011

The Lowest Interest Credit Cards

We are also looking for the lowest interest rate credit card, but from year to year credit cards with low APR are becoming rarer. Low APR can be a big deal if you tend to carry high balance on your card. When you apply for a low rate credit card you must check whether it’s during introductory period only or it is regular APR.

While banks are trying to make more money in tough economy, credit cards with low APR are becoming available for people with excellent credit score only. If you suffer from bad credit history, the lowest APR is not for you. If you are looking for low rate cards check your local credit unions. The average credit union APR is lower than the banks one, but they don’t offer much rewards and not everyone can apply.

We’ve selected the lowest regular APR cards along with the longest introductory periods:

Chase Freedom

Chase Freedom is one of the most popular and awarded credit cards. The variable APR is from 9.99 to 22.99 and there is introductory 0% interest rate for 12 months. The best part is generous reward program that gives you 1% cash back for every dollar you spend and up to 5% at selected categories. You can also get a $50 bonus after your first purchase.

Our resume: 9.99% – 22.99% variable APR with no annual fee and 0 APR into offer for 12 months is one of the best offers in the market.

Capital One Platinum Prestige Credit Card

Annual percentage rate is as low as 10.9% – 18.9% and till November 2012 there is 0% introductory offer. You can choose the image for the card by yourself or pick up a standard one.

Our resume: There is plenty of time till November 2012 so go grab this card right now, because even after November 2012 you will have very reasonable rates.

Discover More Card

The lowest introductory 0% APR lasts for 15 months. Then you can get variable APR from 11.99% to 20.99%. You actual interest rate will depend on your credit score. Discover More credit card carries no annual fee and have some nice rewards.

Our resume: The lowest APR starts from 11.99%. 15 months with no interest rate make this card worth to apply for it. Generous reward program makes Discover More Card even more attractive. By the way there is no annual fee and you can get $100 sign up bonus.


Citi Platinum Select MasterCard

This card comes with the longest 21 months introductory period and then with reasonable interest rate between 11.99% and 20.99% (depends on your creditworthiness). There is no annual fee.

Our resume: Almost 2 years of introductory 0 APR offer makes Citi Platinum Card one of the best cards to apply for.


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