Finding the best low-interest credit cards in the USA involves considering factors like the ongoing APR, introductory APR offers, annual fees, rewards programs, and additional benefits. Here are some top options for low-interest credit cards in 2024:
1. Citi Diamond Preferred Card
- Introductory APR: Offers an introductory APR of 0% for purchases and balance transfers for a specified period (usually 12 to 18 months).
- Regular APR: After the introductory period, the ongoing APR ranges from around 13.99% to 23.99%, based on creditworthiness.
- Annual Fee: No annual fee.
- Additional Benefits: Access to Citi Entertainment for special access to events and presale tickets.
2. Chase Freedom Unlimited
- Introductory APR: Offers an introductory APR of 0% for purchases for a specified period (usually 15 months).
- Regular APR: After the introductory period, the ongoing APR starts from around 14.99% to 23.74%, based on creditworthiness.
- Annual Fee: No annual fee.
- Additional Benefits: Unlimited 1.5% cash back on all purchases, and no minimum to redeem for cash back.
3. Wells Fargo Platinum Card
- Introductory APR: Offers an introductory APR of 0% for purchases and balance transfers for a specified period (usually 18 months).
- Regular APR: After the introductory period, the ongoing APR ranges from around 16.49% to 24.49%, based on creditworthiness.
- Annual Fee: No annual fee.
- Additional Benefits: Cell phone protection, travel accident insurance, and roadside dispatch.
4. Discover it Cash Back
- Introductory APR: Offers an introductory APR of 0% for purchases and balance transfers for a specified period (usually 15 months).
- Regular APR: After the introductory period, the ongoing APR ranges from around 11.99% to 22.99%, based on creditworthiness.
- Annual Fee: No annual fee.
- Additional Benefits: 5% cash back on rotating quarterly categories (up to the quarterly maximum each time you activate) and unlimited 1% cash back on all other purchases.
5. Capital One Quicksilver Cash Rewards
- Introductory APR: Offers an introductory APR of 0% for purchases and balance transfers for a specified period (usually 15 months).
- Regular APR: After the introductory period, the ongoing APR ranges from around 14.99% to 24.99%, based on creditworthiness.
- Annual Fee: No annual fee.
- Additional Benefits: Unlimited 1.5% cash back on all purchases, and no foreign transaction fees.
6. Bank of America®️ Unlimited Cash Rewards Credit Card
- Introductory APR: Offers an introductory APR of 0% for purchases for a specified period (usually 15 billing cycles).
- Regular APR: After the introductory period, the ongoing APR ranges from around 13.99% to 23.99%, based on creditworthiness.
- Annual Fee: No annual fee.
- Additional Benefits: Unlimited 1.5% cash back on all purchases, and a 10% customer bonus when you redeem cash back into a Bank of America®️ checking or savings account.
7. US Bank Visa®️ Platinum Card
- Introductory APR: Offers an introductory APR of 0% for purchases and balance transfers for a specified period (usually 20 billing cycles).
- Regular APR: After the introductory period, the ongoing APR ranges from around 14.49% to 24.49%, based on creditworthiness.
- Annual Fee: No annual fee.
- Additional Benefits: Cell phone protection, fraud protection, and online banking tools.
Tips for Choosing a Low-Interest Credit Card:
- Consider Introductory Offers: Look for cards with 0% introductory APR offers for purchases and balance transfers to save on interest charges.
- Compare Ongoing APRs: Pay attention to the ongoing APR after the introductory period ends to ensure it aligns with your financial needs.
- Evaluate Additional Benefits: Consider additional perks such as rewards programs, cash back, and cardholder benefits to maximize the card’s value.
- Review Fees: Look for cards with no annual fees or low fees to minimize costs associated with card ownership.
Choosing the best low-interest credit card depends on your individual financial situation, spending habits, and preferences. Take the time to compare cards and select one that best fits your needs while helping you save on interest charges.