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Low Interest Credit Cards Review

Low Interest Credit Card

Low Interest Credit Card

Finding credit cards with low interest rates gets more difficult to do every day. The credit card companies are working getting back lost revenue from the institution of the Credit Card Act of 2009. Offering new credit cards with low interest rates is not on the agenda of credit card issuers at the moment. In the review below are several credit cards with fairly low interest rates that might work for you if you are looking to make an expensive purchase such as appliances or furniture and need to put the purchase on a credit card.

PenFed Promise VISA Card. The best thing about this card is that it comes with an initial APR of 7.49% which is good for the first 36 months. After that initial period the APR goes to 9.99%. Features with the card include no fee cash advances, and no annual fee. Cash advances carry an interest rate of 17.99%. To qualify for this card you or a family member must be a member of the military or the American Red Cross or you can make a $20 donation. There is no rewards program.

 

Credit Card Review

Credit Card Review

Simmons First Visa Platinum.. The card carries a APR of 7.25%. The card does not come with any other benefits. There is no rewards program or cash back programs. There is no annual fee with this card. This card carries one of the lowest interest rates in the industry.

Discover it® Card. The APR for the Discover it Card is based on your credit history. It will likely range from between 10.99% and 22.99%. There is an introductory 0% offer for balance transfers available for the first 14 months. The same offer applies for new purchases for the first 14 months. There is a 0% introductory APR. You earn 5% cash back on the first $1,500 spent on rotating categories during the first year. After you spend $1,500 on the card then you qualify for a 1% cash back on all other purchases. There is no annual fee.

Low interest credit cards are credit cards that generally carry a low interest rate through the life of the Cardmember agreement. Although they are different from cards that simply offer low introductory interest rates, some low interest credit cards offer 0% introductory interest for a period of time. Most of the credit card offers below have variable interest rates. The variable interest rate is generally calculated by adding the prime rate or prime lending rate published in the Wall Street Journal to an additional rate determined by the credit card issuer. Low interest credit cards reward the consumer who maintains good or excellent credit. If you have bad or no credit see, Bad Credit Credit Cards.

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Simmons First Visa Platinum Credit Card
  • Overall Rating

    Five Stars

  • Benefit Rating

    Five Stars

Apply Now
  • Excellent Credit Required – Applicants that do not have excellent credit will not be approved
  • Low 7.25% variable standard purchase APR and platinum benefits
  • No balance transfer fee for balances transferred in response to this online offer
  • No Annual Fee
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
N/A N/A 7.25% (Variable) $0 Yes* Excellent
Simmons First Visa Platinum Rewards Credit Card
  • Overall Rating

    Five Stars

  • Benefit Rating

    Five Stars

Apply Now
  • Excellent Credit Required – Applicants that do not have excellent credit will not be approved
  • Low 9.25% variable standard purchase APR and platinum benefits
  • No balance transfer fee for balances transferred in response to this online offer
  • Travel Rewards – cardholders who enroll in the program receive one point per net dollar spent
  • Choose any U.S. based airline or ticket class. No blackout dates or seating restrictions
  • Other travel related options are hotels, cruises, vacation packages, car rental, and restaurants
  • No Annual Fee

 

Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
N/A N/A 9.25% (Variable) $0 Yes* Excellent
Discover It
  • Overall Rating

    Five Stars

  • Benefit Rating

    Five Stars

Apply Now
  • 0% intro APR on balance transfers for 18 months – then a variable purchase APR applies, currently 10.99% – 22.99%. A 3% fee applies to each transferred balance.
  • 0% intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% – 22.99%.
  • Rated 4.8 out of 5 Stars by over 4,000 cardmembers.*
  • No annual fee, no late fee for your first late payment – APR won’t go up for you paying late, no overlimit fee and no foreign transaction fee.*
  • Free FICO® Credit Score online and on monthly statements.*
  • 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 when you sign up*. 1% cash back on all other purchases automatically.*
  • 100% U.S.- based customer service – anytime, day and night.
    *See rates, rewards, free FICO® Credit Score terms and other info by clicking “Apply.”
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0% 6 Months on Purchases 10.99% to 22.99% Variable* No Yes* Excellent
Discover It
  • Overall Rating

    Five Stars

  • Benefit Rating

    image description

Apply Now
  • 0% intro APR on balance transfers for 18 months – then a variable purchase APR applies, currently 10.99% – 22.99%. A 3% fee applies to each transferred balance.
  • 0% intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% – 22.99%.
  • Rated 4.8 out of 5 Stars by over 4,000 cardmembers.*
  • No annual fee, no late fee for your first late payment – APR won’t go up for you paying late, no overlimit fee and no foreign transaction fee.*
  • Free FICO® Credit Score online and on monthly statements.*
  • 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 when you sign up*. 1% cash back on all other purchases automatically.*
  • 100% U.S.- based customer service – anytime, day and night.
    *See rates, rewards, free FICO® Credit Score terms and other info by clicking “Apply.”
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfers Credit Needed
0% 0% Intro APR* on balance transfers for 14 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred 10.99% - 22.99% (V)* None* Yes* Excellent Credit

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