Do you have a credit card but the charges have made you dump it? You don’t need to do that because there are credit cards that have low APR.
APR means the annual percentage rate. It represents the cost of your borrowing. The ‘representative APR’ is the rate that at least 51% of successful applicants for a credit card will receive.
Low APR credit cards finally help you manage your debt by transferring an existing balance or by helping you fund a bigger purchase.
APR usually includes fees and interest. This means it reflects the total cost over time. So, relax and read this article to the end because I will show you 9 low APR credit cards and their interests.
But before we continue, you can go through the table of content below for an overview of what to expect in this article.
Table of contents
What Are The Types Of Low APR Credit Cards?
There are different types of APR credit cards. These include:
What Are The Things To Consider When Looking For Low APR Credit cards?
To find the low APR credit cards for your needs there are different things to consider which include:
List Of Low APR Credit Cards
#1. Discover It Cash Back
Annual Fee: $0
Regular APR: 11.99% – 22.99% Variable APR
Intro APR: 0% intro. APR for 14 months on purchases and balance transfers.
The Discover it Cash Back offers a stellar rewards rate for those who don’t mind a little maintenance.
It earns 5% cashback in quarterly bonus categories, on up to $1,500 in spending per quarter, and 1% back on other purchases.
Also, the bonus categories have included common household expenses like restaurants, grocery stores, gas stations, and Amazon, making it a solid pick either as an everyday card or paired with a flat-rate cash-back card.
Note: Always remember to activate the categories via web or app every few months. For more information, you can click on the click below.
#2. Citi Diamond Preferred Card
Annual Fee: $0
Regular APR: 14.74% – 24.74% variable
Intro APR: 0% intro. APR on Balance Transfers for 18 months.
With Citi Diamond Preferred Card, there is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
You can shop with confidence knowing that you have dependable protection benefits, including $0 Liability on Unauthorized Purchases and Citi Identity Theft Solutions. Also, you have free access to your FICO score online.
For more information, you can click on the link below.
#3. Citi Double Cash Card
Annual Fee: $0
Regular APR: 13.99% – 23.99% Variable APR
Intro APR: 0% intro. APR on Balance Transfers for 18 months.
Citi Double Cash Card is one of the low APR credit cards.
The Citi Double Cash Card offers an ideal workhorse card thanks to its exceptional ongoing rewards rate: 2% cashback on all purchases (1% when you buy something, and 1% when you pay it off).
There’s no sign-up bonus or 0% intro. APR period on purchases, but with no bonus categories to track and no annual fee to worry about, it’s a top-notch option for everyday spending.
However, It lacks some incentives often found on cash-back cards.
#4. Chase Sapphire Reserve
Annual Fee: $550
Regular APR: 16.99% – 23.99% Variable APR
Intro APR: N/A
Chase Sapphire Reserve is one of the best before its annual fee increased by $100 in mid-January. Even at $550, though, the card can be a good deal for frequent travelers.
This card gives a broad $300 travel credit every year, cutting the sticker price by more than half. Also, you earn 3 points per dollar on travel and dining and 1 point per dollar elsewhere.
Furthermore, you’ll earn an industry-leading 10 points per dollar on Lyft rides. Points are worth 1.5 cents each when redeemed for travel booked through Chase.
In addition things you get include airport lounge access and an application fee credit for TSA Precheck or Global Entry. Plus, there’s a lucrative bonus offer.
#5. Capital One Venture Rewards Credit Card
Annual Fee: $95
Regular APR: 17.24% – 24.49% Variable APR
Intro APR: N/A
The Capital One Venture Rewards Credit Card earns 2 miles per dollar on every purchase, and you can pay off those miles at 1 cent apiece for any eligible travel expense like flights, hotels, and rental cars, but also cruises, bus lines, taxis, travel agents, timeshares and more.
Also, the card gives an application fee credit for either TSA Precheck or Global Entry and a generous sign-up bonus.
#6. The Platinum Card From American Express
Annual Fee: $550
Regular APR: See Pay Over Time APR
Intro APR: N/A
The Platinum Card® from American Express has you covered if you like traveling in style. The annual fee is among the steepest in the industry, but it buys you a dizzying array of premium perks: $200 a year for incidental airline fees; $200 annually in Uber credits; up to $100 for the TSA Precheck or Global Entry application fee and more.
There’s also a fat welcome offer. The ongoing rewards are relatively limited, but with this card, it’s less about what it earns on your spending than about the luxury experiences it can open up for you.
#7. Discover it Student chrome
Annual Fee: $0
Regular APR: 12.99% – 21.99% Variable APR
Intro APR: 0% intro. APR on Purchases for 6 months and 10.99% intro. APR on Balance Transfers for 6 months.
Simplicity and student-friendly rewards push the $0-annual-fee Discover it Student chrome to the head of the class. It earns 2% cashback at gas stations and restaurants on up to $1,000 in combined purchases each quarter, and 1% back on all other purchases.
With this card, you don’t need to track or activate bonus categories — one less hassle for students just getting started with credit.
Note that merely being a student doesn’t guarantee approval, and since Discover is less accepted outside the U.S. than Visa or Mastercard, it’s not an ideal companion for studying abroad.
#8. Deserve EDU Mastercard for Students
Annual Fee: $0
Regular APR: 18.74% Variable
Intro APR: N/A
The Deserve® EDU Mastercard for Students can evaluate creditworthiness without either. For applicants with no credit file, the issuer can use its own underwriting criteria, considering factors such as your school, your major, your likelihood of graduating and becoming employed, and how much you have in the bank.
International students without a Social Security number can apply with other documentation, such as a visa, passport, and certain school forms.
The annual fee is $0, there’s no foreign transaction fee, and the card even earns rewards: 1% cashback on all purchases.
#9. United Explorer Card
Annual Fee: $0 intro for the first year, then $95
Regular APR: 16.49% – 23.49% Variable APR
Intro APR: N/A
The United℠ Explorer Card has mass appeal, even for those who fly United only occasionally. You’ll earn 2 miles per $1 spent on United purchases, but also at restaurants and on hotel stays when you book directly via the hotel.
Also, the card offers a statement credit for the cost of a TSA Precheck or Global Entry application fee, 25% back on in-flight purchases, and it is unique among major U.S. airline credit cards in this price range — two free lounge passes per year. You’re eligible for a sign-up bonus, too.
Conclusion
Getting the right credit cards depends on your goals, your spending habit, and your credit score. So, choose wisely. Also, I hope the above-listed low APR credit cards will help you know how it works and the one to go for.
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