Credit cards are incredibly convenient, but they often come with high-interest rates that make carrying a balance costly. If you’re looking for a low-interest credit card, a 5.99% interest rate credit card is an excellent option to save on interest, pay off debt faster, and manage finances efficiently.
In this guide, we’ll cover:
✅ The best 5.99% interest rate credit cards
✅ How they compare to other low-interest credit cards
✅ How to qualify for a low-interest card
✅ Tips to maximize your savings
✅ Alternatives if you don’t qualify
Let’s dive into everything you need to know about finding and using the best 5.99% interest rate credit card.
What Is a 5.99% Interest Rate Credit Card?
A 5.99% APR credit card is a rare type of credit card that offers an extremely low interest rate compared to the industry average.
- The average APR for credit cards in 2025 is around 20% – 25%.
- A 5.99% APR is significantly lower and can help you save hundreds (or even thousands) of dollars in interest charges over time.
🔹 Who benefits the most?
- People who carry a balance and want to reduce interest costs
- Those looking to consolidate high-interest credit card debt
- Consumers who need to make large purchases and pay over time
🔹 Are these cards widely available?
Not really. Most credit card issuers offer rates of 10% or higher, making 5.99% APR cards hard to find. However, some credit unions and select banks still offer these ultra-low rates.
Best 5.99% Interest Rate Credit Cards Available in 2025
Here are some of the best low-interest credit cards offering a 5.99% APR (or close to it).
1. Lake Michigan Credit Union Prime Platinum Visa
💳 APR: 6.25% (Almost 5.99%)
💰 Annual Fee: $0
🔄 Balance Transfer Fee: None
✅ Why It’s Great:
- One of the lowest fixed rates available
- No balance transfer or cash advance fees
- Great for large purchases and long-term financing
💡 Best for: If you want a low, stable APR without extra fees.
2. Connexus Credit Union Visa® Platinum Card
💳 APR: 5.99% – 9.99% (Based on creditworthiness)
💰 Annual Fee: $0
🔄 Balance Transfer Fee: 3%
✅ Why It’s Great:
- Extremely low APR (if you qualify)
- No penalty APR
- Offers fraud protection and travel perks
💡 Best for: If you qualify for excellent credit, this could be the best 5.99% APR credit card.
3. DCU Visa® Platinum Card
💳 APR: 8.50% (Not 5.99%, but still low)
💰 Annual Fee: $0
🔄 Balance Transfer Fee: None
✅ Why It’s Great:
- Lower than industry-average APR
- No hidden fees
- Free fraud protection & travel benefits
💡 Best for: If you can’t find a 5.99% APR card, this is one of the best low-interest alternatives.
4. Randolph-Brooks Federal Credit Union (RBFCU) Premier Rate Card
💳 APR: 7.75% – 9.75% (Slightly higher than 5.99%)
💰 Annual Fee: $0
🔄 Balance Transfer Fee: None
✅ Why It’s Great:
- Lower than average credit card APR
- No balance transfer fees
- Offers purchase protection
💡 Best for: If you need a long-term low-interest card with no hidden fees.
How to Qualify for a 5.99% Interest Rate Credit Card
Since 5.99% APR credit cards are rare, getting approved can be challenging. Here’s what you need to improve your chances:
✅ 1. Maintain an Excellent Credit Score (740+)
- Low-interest credit cards favor excellent credit applicants.
- Keep your credit utilization under 30% and make on-time payments.
✅ 2. Consider a Credit Union Instead of a Bank
- Traditional banks don’t usually offer 5.99% APR cards.
- Credit unions are member-focused and offer lower APRs.
✅ 3. Have a Strong Financial Profile
- A high income-to-debt ratio increases approval chances.
- A long credit history can help secure lower APRs.
✅ 4. Apply for a Secured Low-APR Card
- Some secured credit cards offer low APRs after responsible usage.
How to Maximize a 5.99% Interest Rate Credit Card
Once you get a low-interest credit card, here’s how to make the most of it:
1. Transfer High-Interest Balances to Save on Interest
- If you have high-interest debt, moving it to a 5.99% APR card can save you hundreds.
2. Use It for Large Purchases
- A low-interest card is perfect for buying big-ticket items like electronics or furniture.
3. Pay More Than the Minimum
- Paying only the minimum balance extends debt repayment and increases interest costs.
4. Avoid Cash Advances
- Even with a low-interest card, cash advances often have much higher APRs (20%+).
5. Don’t Miss Payments
- Missing a payment can result in higher penalty APRs and damage your credit score.
Alternatives If You Can’t Get a 5.99% Interest Rate Credit Card
If you don’t qualify for a 5.99% APR credit card, consider these options:
1. Balance Transfer Credit Cards (0% Intro APR)
- Many cards offer 0% intro APR for 12-21 months, such as:
✅ Citi Simplicity® Card
✅ Wells Fargo Reflect® Card
2. Low-Fixed APR Credit Cards (7%-12%)
- Some credit unions offer fixed APR cards with 7%-12% interest.
3. Personal Loans for Debt Consolidation
- If you can’t get a low-APR card, a low-interest personal loan (5%-10%) could be an alternative.
Final Thoughts: Is a 5.99% APR Credit Card Right for You?
A 5.99% interest rate credit card is one of the best ways to save on interest, but it’s not always easy to get.
🚀 Best for:
✔️ People with excellent credit (740+)
✔️ Those who carry a balance and want to save on interest
✔️ Credit union members looking for affordable financing options
💡 Not everyone will qualify, but even if you don’t, you can still find low-interest credit cards (6%-10% APR) or 0% intro APR balance transfer cards.
🔎 Final Tip: If you want a 5.99% APR card, start by improving your credit score and looking for credit union options, as they typically offer better rates than banks.
✨ Ready to apply? Find the best 5.99% APR credit card today and start saving on interest!
Also Check:
- Easy Approval Credit Cards with No Annual Fee: The Best Options for 2025
- No Annual Fee Credit Cards with Rewards: The Best Options for 2025
- You Can Apply for These 9 Credit Cards with No Deposit
