Low interest credit card guide

Credit cards designated as low interest feature a low fixed APR (the rate doesn't fluctuate) and often include an even lower introductory APR (the rate is temporary). Low introductory APRs can be as low as 0% and are usually restricted to new purchases only. On many cards, the rate can last up to a year, but after expiration the rate jumps up to the fixed APR. Even so, the rate after the intro period still tends to be the lowest available when compared to other types of cards.

The advantage to using a low interest credit card is the ability to make large purchases and pay it off gradually. Since the card has a low APR, the interest paid on the balance is minimal compared to other types of credit cards. This is useful for large one-time expenses such as major household appliances, extravegant vacations, or expensive emergencies, to name a few. Low interest credit cards best benefit the consumer who carries a balance from month-to-month.

Outside of the low APR, low interest credit cards offer few benefits. Typically one's spending or purchases aren't rewarded by cash back or other incentives, and the rewards programs that do exist aren't as beneficial as rewards-specific credit card programs. There are a few higher-tier credit cards that offer low rates and competitive rewards, but they're reserved for consumers with excellent credit; the better one's credit rating is, the better the card program. For more help and advice, see our library of low interest credit card articles.

Below is our list of the best low interest credit cards available online. Compare the features of each offer and apply for the credit card that best fits your needs.

Discover® More Card – Black

0% intro APR on Balance Transfers for 12 full months, then the Regular APR 0% intro APR on Purchases for 9 full months, then the Regular APR 5% Cashback Bonus in categories that change like travel, gas, groceries, restaurants, home improvement stores and more Up to 1% unlimited Cashback Bonus on all other purchases No Annual Fee

Discover® More® Card

0% intro APR on Balance Transfers for 15 full months, then the Regular APR 0% intro APR on Purchases for 6 full months, then the Regular APR 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more Up to 1% unlimited Cashback Bonus on all other purchases No Annual Fee

Discover® More Card - $75 Cashback Bonus®

0% intro APR on Balance Transfers for 12 full months, then the Regular APR 0% intro APR on Purchases for 6 full months, then the Regular APR Earn $75 Cashback Bonus when you make $500 in purchases in your first three months 5% Cashback Bonus in categories that change like travel, gas, groceries, restaurants, home improvement stores and more Up to 1% unlimited Cashback Bonus on all other purchases No Annual Fee

Miles by Discover® Card

12, 000 Bonus Miles – Earn 1,000 Miles each month you make a purchase for your 1st year 1 Mile per $1 on every purchase Plus, 2 Miles on travel and restaurant purchases on your first $3,000 each year No limit on the Miles you earn and Miles don't expire* Fly on any airline, book any hotel or car, with no blackout dates Use Miles for travel, merchandise, gift cards or cash 0% intro APR on purchases and balance transfers for 6 months then the regular APR No Annual Fee, No Overlimit Fee, No Redemption Fee

Discover® Open Road Card

2% Cashback Bonus automatically at any gas station and any restaurant 5% to 20% Cashback Bonus at top retailers through our online shopping site Up to 1% unlimited Cashback Bonus on all other purchases 0% intro APR on Balance Transfers for 12 full months, then the Regular APR 0% intro APR on Purchases for 6 full months, then the Regular APR

Chase Freedom^SM Visa - $50 Bonus Cash Back

Earn $50 Bonus Cash Back after first purchase 0% Intro APR and No Annual Fee 5% cash back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly maximum. Signing up is free and easy Unlimited 1% Cash Back on all other purchases with no spending tiers Up to an additional 20% cash back when you shop online at select merchants through Chase

Chase Freedom^SM Visa - $100 Bonus Cash Back

Earn $100 Bonus Cash Back after you make $799 in purchases in your first three months 5% cash back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly maximum. Signing up is free and easy Unlimited 1% Cash Back on all other purchases with no spending tiers Up to an additional 20% cash back when you shop online at select merchants through Chase

Blue Sky from American Express

0% intro APR on purchases for 6 months and no annual fee Flexibility to pay over time Turn purchases into free travel: Enjoy travel rewards with no travel restrictions or blackout dates-get points for flights on any airline, stays at any hotel, and car rentals