Which Credit Card Has The Lowest Interest Rate?

Credit cards are an important tool for maintaining your financial health. But it can be difficult to keep all of the options straight, especially if you’re just starting out. That’s why this article is here to help you find the best credit card for your needs.


What is a Credit Card

A credit card is a plastic card that gives its holder the opportunity to borrow money up to a certain limit in order to purchase items or withdraw cash. In order to qualify for a credit card, an applicant must have a good credit score. Credit cards come with different interest rates and fees, so it’s important to do your research before choosing one. Some of the lowest interest rate credit cards are the Discover it! and Chase Freedom cards.

How to Choose a Credit Card

The best way to choose a credit card is to take your budget and needs into account. You should also consider the interest rates and fees associated with each card. The following table lists the top five lowest interest cards available today.

Interest Rate (Percentage)
APR (Annual Percentage Rate)
Max Credit Limit
Fees (Annual Percentage Rate)
1. American Express Blue Cash Preferred® Card 0% for 6 months on purchases and then 11.99% – 23.99% Variable APR after that* $0 introductory annual fee for the first year, then $95* $0 foreign transaction fees

2. Discover it® Cash Back Rewards Card – 0% intro APR for 15 months on purchases and then 13.99%-24.99% Variable APR after that* $0 annual fee* $0 foreign transaction fees

3. Chase Freedom Unlimited® 0% introductory APR for 15 months on purchases and then 13.99%-24.99% Variable APR after that* $0 annual fee*

The Different Types of Credit Cards

When searching for the best credit card, you want to make sure that the interest rate is low. Different types of cards have different rates, so it’s important to know what to look for. Here are the five types of cards with the lowest interest rates:

1. Low APR Credit Cards: These cards have low introductory rates, which can save you a lot of money in the long run. However, these cards often have high interest rates once the introductory period is over.

2. 0% Credit Cards: These cards offer 0% interest on purchases for a set period of time. This can be a great option if you plan on making large purchases within that period of time. However, note that there are often annual fees associated with these cards.

3. Cash Back Credit Cards: These cards give you cash back rewards for every purchase you make. This can be a great way to get extra money back without having to spend any extra time or effort. However, note that some cash back credit cards have high interest rates associated with them.

4. Rewards Credit Cards: These cards offer bonus points and rewards for every dollar you spend.

How To Get the Lowest Interest Rate

If you’re looking to get a low interest rate on your credit card, there are a few things you can do. First, make sure you have a good credit score. Next, look for cards with low interest rates and no annual fees. Finally, use your card sparingly and pay off your balance each month to maximize the low interest rate.


When it comes to credit cards, it can be hard to decide which one has the lowest interest rate. However, with a little research, you can find a card that meets your needs and interests. If you’re looking for a card that offers rewards, then consider looking into cards like the Chase Sapphire Preferred or the Citi Double Cash Card.

If you want a low-interest rate but don’t mind paying an annual fee, then the Discover It® Classic may be a good option for you. No matter what your criteria are, make sure to shop around and compare different options so that you can find the best credit card for your needs.

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