Best Reviews TopConsumerReviews.com Best Low Interest Rate Credit Cards Best Reviews
Best Reviews
      August 18, 2019

Home  >  Low Interest Rate Credit Cards

Your Information Is Secure
Credit Cards: The Lowdown Newsletter

Latest Reviews

Cruise Vacations

Cellulite

Irritable Bowel Syndrome

Keto Diets

Online Fitness

Personal Trainers

Pet Meds

Popular Diets

Printer Ink

Wedding Planning Guides

 

2019

Low Interest Rate Credit Card Reviews

What are the best Low Interest Rate Credit Cards? Low interest rate credit cards are not a fantasy - you really can get a card that charges less than 15%, or even 0%. But, there's a catch: those low rates are usually only for an introductory period, and after that you'll be paying the industry standard of 15-26%. Also, banks offering these low interest rates generally want applicants to have a credit score of at least 660, making this card a not-likely choice for people with bad or no credit. But, if you qualify and can use a low interest rate card to pay down large balances or pay no interest rates on a large purchase, why not?

The Best Low Interest Rate Credit Cards

 

Are Credit Cards... Bad?

Credit cards are bad because they all charge an arm and a leg in interest…. right? Not necessarily. If you're currently paying more than 15% APR and carrying a high balance from month to month, you're spending a lot on those interest fees. But, with a low interest rate card, you could save all of that money and use it to pay your balance down more quickly. Here's what you need to know.

 

Low- and Zero- Interest Rate Cards Do Exist

And they're not hard to find. On any given day, you'll find a wide range of options to choose from, depending on what works best for you. Need a card with no late fees - ever? There's a credit card for that. Want to make some "free money" in the form of points or cash back rewards? You guessed it: there are several low interest rate cards from all of the issuing banks you'd expect that give you miles, points, or money on every purchase.

 

Low Interest Rate Cards (Usually) Charge Interest - Eventually

Be sure to read all of the terms and conditions for the low interest rate credit cards you're considering. Why? You'll probably see that the low (or no) interest rate offer they're giving you has an expiration timeframe. For example, one card might give you an introductory rate of 0% for the first 12-18 months that you have the card, or that rate might only apply to new purchases or balance transfers.

Credit cards make money every time you use your card, in the form of merchant fees paid by the businesses where you make your purchases, but they make even more when people don't pay their balance in full. So, it's not in any credit card company's long-term interests to never charge you interest. That's just the way it works.

After that initial lower rate period, you'll probably be paying the usual 15-26% APR your cards are currently charging. Keep that in mind when you start using your new low interest rate card: take advantage of that timeframe to pay down as much of your balance as possible, before the higher interest rate kicks in.

 

Low Interest Rate Cards: Good To Excellent Credit Preferred

One last thing to point out: most low interest rate cards currently on the market are offered to people with good to excellent credit. In other words, if your credit score is significantly less than 660, you might not be approved. Take the time to improve your credit history - through on-time payments, fewer credit applications, and so on - and then take advantage of a low interest rate credit card when your score has increased.

The Best Low Interest Rate Credit Cards

TopConsumerReviews.com has partnered with Lending Tree to help you find the best Low Interest Rate Credit Cards currently being offered. We hope this information will guide your decision making as you choose the right card for your needs!

 

What Fed rate cut? Credit card interest rates hit a 25-year high

Consumers are paying higher interest rates on their credit card balances than they have ... especially given that default rates remain very low by historical standards. At JPMorgan, revenue from card ...

Published:  Wed, 07 Aug 2019 06:22:00 GMT



Interest Rates Are Falling. But Do Your Homework Before You Make Any Decisions.

Interest rates ... influential federal funds rate for the first time in 11 years. Keep in mind that those changes will tend to affect variable-rate products the most. That means you may eventually see ...

Published:  Thu, 15 Aug 2019 10:47:00 GMT



There's been a surge in the number of young Americans opening credit cards - here's why it may be smart to wait

... on credit early can help you score a low interest rate, but there are reasons to tread cautiously for Generation Z, the cohort born after millennials About a quarter of Generation Z had both a ...

Published:  Wed, 14 Aug 2019 03:00:00 GMT



How Goldman Sachs Could Lose Money on the Apple Credit Card

The credit card has been tested by employees since earlier this year ... Goldman Sachs will fare financially with the new card. The card has a relatively low interest rate compared to the rest of the ...

Published:  Thu, 15 Aug 2019 03:36:00 GMT



A troubling number of debt-laden 'zombie consumers' have been enabled by low interest rates, economists say

Interest ... interest rate a quarter percentage point to a target range of between 2% and 2.25% last month. Such a move typically lowers the cost of borrowing for credit cards, mortgages, and ...

Published:  Mon, 12 Aug 2019 07:00:00 GMT



What's The Interest Rate On The Apple Card? It's Not The Same For Everyone

your interest rate won't be an issue. It's also worth noting that there are other credit cards with very low or no interest rate offerings for you to consider, as well. If you're cool with the ...

Published:  Thu, 08 Aug 2019 06:06:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure