Comparing Low-Interest Credit Card Offers
Recent stats show that the average credit card APR now stands at 17.52% which is an all-time high. This means low-interest credit card may help you save hundreds of USD this year while paying down debt. Off course it is usually best to pay the balance on a monthly basis. But sometimes this may not be possible. It is in such situations that low-interest cards can come in to play.
If you want to critically look at how the interest rates on credit card work, look no further. For this content, we have highlighted the numbers over 800 credit cards. This is to help users determine which card is best. You will also understand how best use these cards. Moving forward, let’s see some of these low-interest credit card options:
Discover it® Cash Back Credit Card
Discover it® Cash Back offers excellent rewards including a 5% back on rotating categories to the quarterly maximum on activation, double your cash back year end on your first year. There’s more. This low-interest credit card offers 0% intro APR for a period of 14 months on balance transfers and purchases.
The low regular rate of Discover it® Cash Back gives it oomph for paying down debt. An added bonus is that the cards BT and buy introductory APRs. Users will likely love the offer this card presents.
Bank of America® Cash Rewards Credit Card
The BofA Cash Rewards credit card has a decent intro APR offer, with a 0% interest for more than 12 billing cycles on multiple purchases as well as balance transfers. When the introductory period passes, its regular APR although variable can be between 16.24% – 26.24%.
This card offers a very strong reward structure which will likely make it look appealing to the majority of consumers out there.
Chase Freedom Unlimited® Credit Card
The Chase Freedom Unlimited credit card offers reliable rewards of up to $150 back following a $500 spend in the first 3 months of usage. It also offers 1.5% back on purchases made.
While the cards regular APR is not anywhere near the lowest, the 0% intro APR is a solid offer at 15 months on purchases and balance transfers.
Capital One® Quicksilver® Cash Rewards Credit Card
This credit card offering is comparable to the Freedom Unlimited card in many ways. However, there’s the benefit of no foreign transaction fee. In addition to its $150 sign-up bonus for spending $500 in the first 3 months of usage, there’s a 1.5% back on every eligible purchase the user makes.
This is an amazing choice for users looking for a credit card to travel with or a card that will earn you cash rewards. It is also suitable for users who want a card that gives you the ability to defer purchase interest and balance transfers. It’s regular variable APR stands at 16.24% – 26.24%.
Wells Fargo Platinum Visa® Card
The Wells Fargo Platinum Visa Card comes strongly recommended due to its long 0% intro period of 18 months. However, this credit card offers a regular APR of 17.74% – 27.24% which is above the national average. Remember that balance transfers have to be completed in the first 120 days for users to qualify for the card’s introductory APR.
This card’s extended intro offer puts it solidly ahead despite a steep APR.