May 11 2016
Best Low Interest Credit Cards
Need for low interest cards:
If you are a constant user of credit cards and need credit all the time, you need to minimize your expenses by purchasing the right credit cards. It is only after looking at the current APR rate and interest fees you can truly comment on the credit card. Most of the low interest cards have a lesser interest rate. These credit cards are also called the ‘plain vanilla credit cards’ which allows you to make purchases as well as transfer the balances without paying a hefty interest rate.
Low interest card vs Rewards Credit card:
There are basically two types of credit cards: Low interest and the Rewards. There is a huge difference between the two. Make sure to purchase the rewards credit cards only if you plan to pay off your entire balance every month. These cards have a high APR. For normal use low interest cards are the best.
Best Low Interest Cards:
In this section we will take a look at some of the best cards that are available for you if you need to find a card that has a low interest as well as a low APR.
- Capital One Platinum Prestige
This is a great low interest card that offers zero APR on balance transfers for its clients for the first 15 months of use. There is no foreign transfer fee that adds to your balance which will make this offer quite enticing. They do not have annual fee. If you do not make payments on time, you will be slapped a fine of $35.
Slate from Chase
This credit card also has an introductory offer of no APR for transactions within the first 15 months of use. After that it gradually increases from 13% onwards. Late payments will have a 30% fine. This card has no annual fees along with no balance transfer fees for the first 60 days. The foreign transaction fee for this low interest card is around 3%. They also have a set of tools to handle accounts and balances.
Like most of the other low interest cards, they too have an introductory offer of no APR for the balance transfers for the first 14 months. They have zero annual fees along with a balance transfer of 3%. Late payments will be slapped a fine of $35. One of the biggest perks of using this card is that you have the opportunity of earning cash back prizes on all the shopping you make.
- Barclaycard Ring Master
They have an APR that charges 8% off every transaction you make. There is no annual fee along with no balance transfer fee or overlimit fee. Late payments will have a 25$ fine. This cardsallows you to put forth ideas in the community along with other cardholders and make decisions regarding the reward programs etc.
These are some of the low interest cards that are up for grabs in the market right now!