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Advertiser Disclosure: This post includes references to offers from our partners. We receive compensation when you click on links to those products. However, the opinions expressed here are ours alone and at no time has the editorial content been provided, reviewed, or approved by any issuer.

Generally, it’s wise to avoid carrying balances on your credit cards. Credit card balances quickly rack up interest charges, eating into your monthly personal budget and hampering your ability to save and invest. Over time, unpaid credit card balances could compel you to enroll in credit counseling, or even cause you to declare bankruptcy.

However, it’s sometimes impossible to avoid carrying credit card balances. For instance, if your car breaks down and you have no other way to get to work, charging the repair to your credit card is better than losing your job – even if you know it’ll take some time to pay off the balance.

Low APR credit cards make it easier to carry balances from month to month because they don’t accrue interest as rapidly, and their carried balances grow more slowly as a result. If you habitually carry balances from month to month, or want to do so in the future without paying through the nose, consider these low APR credit card options.

Best Low Interest Credit Cards

These are the best low APR interest credit cards on the market right now, backed by some of the most popular credit card issuers around.


1. Chase Freedom Unlimited® Credit Card

0% APR on Purchases for 15 Months; Up to 5% Cash Back on Eligible Purchases

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The Chase Freedom Unlimited® Credit Card is a popular cash back credit card that also happens to have a very long 0% APR promotion on purchases: 15 months. If you’re in the market for a major purchase and want to earn well-deserved rewards in the process, you need to give this card a closer look.

How does Chase Freedom Unlimited’s rewards program break down? It offers:

  • Unlimited 5% cash back on eligible purchases through Chase Travel
  • Unlimited 5% cash back on eligible Lyft purchases through March 2022
  • 5% cash back on eligible grocery store purchases (excluding Target and Walmart purchases) up to $12,000 spent during the first year
  • Unlimited 3% cash back on eligible drugstore and restaurant purchases (including takeout and eligible delivery)

All other eligible purchases earn unlimited 1.5% cash back.

  • Sign-up Bonus: Earn $200 bonus cash after you spend $500 on eligible purchases within 3months of account opening. Also, earn 5% cash back on grocery store purchases (excluding Target and Walmart purchases) on up to $12,000 spent in the first year.
  • Introductory APR: There is a 0% APR on purchases for 15 months (billing cycles). After that, variable regular APR applies.
  • Key Fees: There is no annual fee. Foreign transactions cost 3%.
  • Other Perks: Enjoy extended warranty coverage, complimentary secondary coverage on car rentals purchased in full with your card, and other shopping and travel benefits courtesy of Visa.

See our Chase Freedom Unlimited® Credit Card review for more information. Find out how you can apply for this card here.

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2. Chase Freedom Flex℠ Credit Card

0% APR on Purchases for 15 Months; Up to 5% Cash Back on Eligible Purchases

Chase Freedom Flex Card Art 1 28 21

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The Chase Freedom Flex℠ Credit Card is another popular cash back card with a fantastic 0% APR introductory offer on purchases during the first 15 months.

Its rewards program is similar to Freedom Unlimited’s as well, with the same great 5% and 3% bonus tiers. The biggest difference is the addition of special quarterly rotating 5% cash back categories that promise bonus earnings on the first $1,500 in combined eligible purchases each quarter.

All other eligible purchases earn 1% cash back. And the sign-up bonus matches Freedom Unlimited’s, making Freedom Flex a very attractive card all around.

  • Sign-up Bonus: Earn $200 bonus cash when you spend $500 on qualifying purchases within three months of account opening. Plus, earn 5% cash back on grocery store purchases on up to $12,000 spent in the first year, excluding grocery purchases at Target or Walmart.
  • Introductory APR: There’s a 0% APR on purchases for 15 months, then variable regular APR applies.
  • Key Fees: There is no annual fee. Foreign transactions cost 3%.
  • Other Perks: Enjoy shopping and travel benefits like extended warranty coverage and complimentary secondary coverage on car rentals paid in full with your card.

See our Chase Freedom Flex Credit Card review for more information. Find out how to apply for this card here.

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3. Citi® Diamond Preferred® Card

0% Intro APR on Purchases and Balance Transfers for 18 Months

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With identical balance transfer and purchase promotions, the Citi® Diamond Preferred® Card is very similar to Citi Simplicity. And, with no annual fee, there’s little downside in applying for both – provided you’re able to make timely, in-full payments on both.

  • Sign-up Bonus: There’s no sign-up bonus.
  • Introductory APR: Enjoy 0% APR on purchases and balance transfers for 18 months. Eligible balance transfers must be completed within 4 months of account opening. After the introductory periods, variable regular APR applies (currently 14.74% to 24.74%, depending on creditworthiness and prevailing rates).
  • Key Fees: There’s no annual fee. The foreign transaction fee is 3%. Balance transfers cost the greater of $5 or 3%.
  • Other Perks: Citi Diamond Preferred cardholders enjoy priority service from Citi’s customer support team and $0 liability for unauthorized charges.

See our Citi® Diamond Preferred® Card Review for more information. Learn more about this card and find out how to apply here.

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4. U.S. Bank Visa Platinum® Card

0% APR on Purchases and Balance Transfers for 20 Billing Cycles

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The U.S. Bank Visa® Platinum Card has one of the longest 0% APR promotional periods of any credit card on the market. Better yet, this promotion applies to both purchases and balance transfers, making U.S. Bank Visa Platinum an excellent choice for new cardholders looking to finance major purchases or pay down high-interest debt. Don’t miss the generous cell phone protection plan either.

  • Sign-up Bonus: There’s no sign-up bonus.
  • Introductory APR: Enjoy 0% APR on purchases and balance transfers for 20 billing cycles months. After the introductory periods, variable regular APR applies, depending on creditworthiness and prevailing rates.
  • Key Fees: There’s no annual fee. The foreign transaction fee is 2% or 3%, depending on how the transaction is denominated. Balance transfers cost the greater of $5 or 3%.
  • Other Perks: All cardholders get a generous cell phone protection plan with a low deductible. Cardholders with U.S. Bank deposit accounts qualify for overdraft protection as well.

See our U.S. Bank Visa Platinum Card Review for more information. Learn more about this card and find out how to apply here.

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5. Wells Fargo Platinum Credit Card

16.49% to 24.99% APR (variable); 0% Intro APR on Purchases & Balance Transfers for 18 Months

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The Wells Fargo Platinum Credit Card has a very long 0% introductory APR on both purchases and balance transfers, making it a great balance transfer candidate and a suitable aid for new cardholders planning large purchases. There’s no penalty APR or annual fee, either. A higher-than-average cash advance APR is a key drawback.

  • Sign-up Bonus: There’s no sign-up bonus.
  • Introductory APR: 0% purchase and balance transfer APR for 18 months.
  • Regular APR: After the introductory period, the variable purchase and balance transfer APR is 16.49% to 24.99% variable, depending on your creditworthiness and prevailing interest rates. There’s no penalty APR.
  • Key Fees: There’s no annual fee. Balance transfers cost the greater of $5 or 3% of the transferred amount for the first 120 days, then the greater of $5 or 5% thereafter. Cash advances always cost the greater of $10 or 5%. Foreign transactions cost 3% of the total transaction amount.
  • Other Perks: Value-added perks include on-demand access to your FICO® score through Wells Fargo Online; a cell phone protection plan that provides up to $600 in reimbursement per claim for stolen or damaged phones, less a $25 deductible; and free digital budgeting tools.

See our Wells Fargo Platinum Visa® Credit Card Review for more information. Learn more about this card and find out how to apply here.

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6. Citi Custom Cash℠ Card

0% APR on Purchases and Balance Transfers for 15 Months From Account Opening

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The Citi Custom Cash℠ Card is a no-annual-fee cash back credit card that also happens to have a very attractive 0% APR introductory promotion on purchases and balance transfers. Both promotions last 15 months from account opening, providing plenty of headway to pay down credit card debt or pay off large purchases.

  • Sign-up Bonus: Earn $200 cash back after you spend $750 in the first 3 months of card membership. This bonus is fulfilled as 20,000 ThankYou points.
  • Introductory APR: Enjoy 0% APR on purchases and balance transfers for 15 months. Thereafter, variable regular APR applies.
  • Regular APR: Following the end of the introductory period, variable regular APR for purchases and balance transfers ranges from 13.99% to 23.99%, depending on prevailing rates and your creditworthiness.
  • Key Fees: There’s no annual fee. Foreign transactions cost 3% of the transaction amount.
  • Other Perks: Earn 5% cash back on the first $500 in purchases in your top eligible spending category each month, then 1% cash back on purchases above the cap. All other purchases earn 1% cash back as well. Eligible spending categories include restaurants, gas stations, select travel, select transit, select streaming services, live entertainment, home improvement stores, and drugstores.

Learn more about this card and find out how to apply here.

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7. Upgrade Visa® With Cash Rewards Card

APR As Low As 8.99% With Credit Limits Up to $50,000; Unlimited 1.5% Cash Back on Payments

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The Upgrade Visa® With Cash Rewards Card blends the anywhere-anytime flexibility of a credit card with the low cost and predictability of a personal loan or line of credit. Rates start as low as 8.99% APR for qualified applicants and all eligible payments qualify for 1.5% cash back, with no caps or limits on how much you can earn. Credit limits as high as $50,000 (for the best-qualified applicants) ensure plenty of upside.

  • Sign-up Bonus: There’s currently no sign-up bonus.
  • Introductory APR: None.
  • Regular APR: Variable regular APR for purchases ranges from 8.99% to 29.99%, depending on prevailing rates and creditworthiness. Autopay is required to qualify for the lowest rates. Payments must be made in installments whose size varies depending on balance and term.
  • Key Fees: There’s no annual fee.
  • Other Perks: Get unlimited 1.5% cash back on all eligible purchases when you pay them back.

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8. U.S. Bank Business Cash Rewards World Elite™ Mastercard®

0% APR on Balance Transfers for the First 12 Billing Cycles

U.s. Bank Business Cash Card Art 6 8 21

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In the market for a new small business credit card? Seeking a low introductory interest rate to help manage existing business credit card debt?

The U.S. Bank Business Cash Rewards World Elite™ Mastercard® could be the card for you. Although it’s first and foremost a business cash back credit card that earns up to 3% cash back on eligible net purchases at office supply stores, gas stations, and cell phone or service providers purchases (and 1% cash back on all other eligible purchases), it’s also an excellent balance transfer credit card — one of the few available to small business owners.

If a great introductory APR offer isn’t enough, how does an annual cash back bonus sound? U.S. Bank Business Cash Rewards World Elite Mastercard provides cardholders in good stead with a 25% annual cash back bonus (up to $250). And there’s no limit to how much cash you can earn or redeem.

  • Sign-up Bonus: For a limited time, earn $500 bonus cash back after spending $3,000 in eligible purchases during the first 90 days your account is open.
  • Introductory APR: Enjoy 0% APR on balance transfers for the first 12 billing cycles your account is open, then variable regular APR applies.
  • Regular APR: The variable regular APR is currently 13.99% to 22.99%, depending on creditworthiness and subject to change with prevailing interest rates.
  • Important Fees: There is no annual fee or employee card fee. The foreign transaction fee is 2% to 3% of the transaction amount.
  • Other Perks: All cardholders enjoy a standard lineup of World Elite Mastercard protections and benefits as a perk of cardmembership.
  • Terms and Conditions Apply: see rates & fees

Learn more about this card and find out how to apply here.

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Final Word

Most of the cards on this list have variable APRs that fall within a fairly wide range. When you open a new card account, the issuer assigns your APR at a point within that range, based on your creditworthiness and prevailing interest rates at the time. If you have an excellent credit score and unblemished credit history, your rate is likely to be at the lower end of the range. If your credit isn’t stellar, expect a higher rate. As time goes on, your variable APR rises or falls in response to fluctuations in prevailing interest rates and changes in your creditworthiness.

That said, the low-APR credit card scene demonstrates that life really is full of compromises and trade-offs. In exchange for low interest rates and, in many cases, minimal fees, these credit cards dial back the rewards. Most don’t have any credit card rewards at all.

If you prefer credit cards that actually pay you to spend money, check out our cash back and travel rewards credit card lists. Just remember, rewards credit cards are most effective when you pay off your balance in full each month. Carrying a balance for more than a month or two can completely offset the value of your rewards, and could actually end up costing you money.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.



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