Choosing the right credit card can be overwhelming, especially when you’re looking for one with the lowest interest rate. Interest rates, also known as APR (Annual Percentage Rate), determine how much you’ll pay on any balance you carry from month to month.
If you tend to carry a balance, getting a low-interest credit card can help you save hundreds or even thousands of dollars over time.
So, which credit card is best with the lowest interest rate?
In this detailed guide, we’ll explore:
✅ How to find a credit card with the lowest interest rate
✅ Best low-interest credit cards in 2025
✅ Factors that determine your interest rate
✅ How to qualify for a low-interest credit card
✅ Tips to reduce your credit card interest payments
Let’s dive in! 🚀
What Is a Low-Interest Credit Card?
A low-interest credit card is a credit card that has a lower-than-average APR (Annual Percentage Rate). While most credit cards have an APR ranging from 15% to 30%, low-interest credit cards can have rates as low as 9% or even 0% (introductory offers).
There are two types of low-interest credit cards:
- Fixed Low-Interest Credit Cards: These cards always have a lower APR than typical credit cards, making them a great long-term choice for those who carry a balance.
- 0% APR Introductory Credit Cards: These cards offer 0% interest for a limited time (typically 12-21 months), allowing you to pay off a balance without paying any interest.
Best Low-Interest Credit Cards in 2025
Here are the best credit cards with the lowest interest rates:
1. BankAmericard® Credit Card
💳 Best for: Longest 0% APR period
✅ 0% intro APR: 18 billing cycles (purchases & balance transfers)
✅ Regular APR: 16.24% – 26.24% (variable)
✅ No annual fee
📌 Why it’s great: The long 0% intro APR period makes this an excellent choice for paying off large purchases or balance transfers without interest.
2. Wells Fargo Reflect® Card
💳 Best for: Longest 0% APR period
✅ 0% intro APR: Up to 21 months (purchases & balance transfers)
✅ Regular APR: 18.24% – 29.99% (variable)
✅ No annual fee
📌 Why it’s great: One of the longest 0% APR intro periods available, making it ideal for debt consolidation.
3. Citi® Diamond Preferred® Card
💳 Best for: Balance transfers
✅ 0% intro APR: 21 months on balance transfers, 12 months on purchases
✅ Regular APR: 17.99% – 28.74% (variable)
✅ No annual fee
📌 Why it’s great: If you need extra time to pay off debt, this card’s 21-month 0% APR balance transfer offer is one of the longest available.
4. Citi Simplicity® Card
💳 Best for: No late fees or penalty APR
✅ 0% intro APR: 21 months on balance transfers, 12 months on purchases
✅ Regular APR: 18.49% – 29.24% (variable)
✅ No annual fee
✅ No late fees or penalty APR
📌 Why it’s great: No late fees or penalty APR make this card a great option for people worried about occasional missed payments.
5. U.S. Bank Visa® Platinum Card
💳 Best for: Balance transfers & purchases
✅ 0% intro APR: 20 billing cycles on purchases & balance transfers
✅ Regular APR: 18.74% – 29.74% (variable)
✅ No annual fee
📌 Why it’s great: A long 0% APR intro period makes this a great choice for both balance transfers and new purchases.
6. Navy Federal Platinum Card (For Military Members Only)
💳 Best for: Lowest ongoing APR
✅ Regular APR: 8.99% – 18.00% (variable)
✅ No annual fee
📌 Why it’s great: One of the lowest APRs available for those who qualify.
How to Qualify for a Low-Interest Credit Card
To get a credit card with the lowest interest rate, you typically need:
✅ A good or excellent credit score (670+ FICO)
✅ A low credit utilization ratio (below 30%)
✅ A strong credit history with on-time payments
✅ A steady income to prove you can repay the balance
📌 Tip: If your credit score is below 670, work on improving it before applying for a low-interest credit card.
Factors That Determine Your Credit Card Interest Rate
Your credit card APR depends on several factors, including:
📌 1. Your Credit Score – Higher scores = lower interest rates
📌 2. Payment History – Late payments can increase your APR
📌 3. Credit Utilization – High balances = higher APR
📌 4. Debt-to-Income Ratio – Too much debt = higher APR
📌 5. Type of Credit Card – Rewards cards usually have higher APRs
🔹 Pro Tip: Always compare credit cards before applying to ensure you get the lowest possible interest rate.
How to Lower Your Credit Card Interest Rate
Even if you already have a credit card with a high APR, you can take steps to lower your interest rate:
✅ 1. Call Your Credit Card Issuer & Ask for a Lower APR
📌 Many credit card companies lower APRs for responsible customers who ask.
✅ 2. Improve Your Credit Score
📌 Paying bills on time and reducing your balance can qualify you for lower interest rates.
✅ 3. Transfer Your Balance to a 0% APR Credit Card
📌 Moving your balance to a 0% interest card can help you pay off debt faster.
✅ 4. Pay More Than the Minimum Payment
📌 Paying only the minimum can keep you in debt for years.
✅ 5. Avoid Cash Advances
📌 Cash advances often have a higher interest rate than regular purchases.
✅ 6. Use a Personal Loan to Pay Off High-Interest Debt
📌 A low-interest personal loan can help you consolidate credit card debt and reduce your interest costs.
Final Thoughts: Which Credit Card Is Best With the Lowest Interest Rate?
The best low-interest credit card depends on your financial goals:
✔️ Need the lowest ongoing APR? – Navy Federal Platinum Card (8.99%)
✔️ Need a long 0% APR intro offer? – Wells Fargo Reflect® (21 months)
✔️ Need a balance transfer card? – Citi Diamond Preferred® (21 months)
If you carry a balance, getting a low-interest credit card can save you hundreds or even thousands of dollars in interest over time. Always compare your options and choose the card that best fits your needs.
Now that you know the best low-interest credit cards, which one will you choose? 🚀
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