Best Low Interest Credit Cards Of April 2024

The Discover it® Cash Back card offers a decent introductory APR promotion for both purchases and balance transfers, plus a low base APR after that. The card also offers excellent potential with valuable cash-back rewards on a variety of everyday spending categories throughout the year.

Rewards: Earn 5% cash back on everyday purchases at different places each quarter up to a quarterly maximum of $1,500 in spending when activated. Plus, earn unlimited 1% cash back on all other purchases – automatically.

Welcome offer: Discover will automatically match all the cash back earned at the end of the first year as a cardmember. There's no minimum spending or maximum rewards.

Annual fee: $0

Other benefits and drawbacks: The Discover it® Cash Back card offers a 0% introductory APR for 15 months on purchases and eligible balance transfers. Then, a standard rate of 17.24% - 28.24% variable applies. A balance transfer fee of up to 5% of the amount transferred applies.

Discover offers added protection in the form of Social Security number alerts and a service that helps you remove personal information from people-search websites. You’ll also get free access to your FICO Score.

The card doesn’t charge foreign transaction fees, but keep in mind that Discover cards aren’t as widely accepted abroad as other networks.

The Bank of America® Customized Cash Rewards credit card offers a respectable introductory APR promotion, with a below-average interest rate after that. You’ll also get some flexibility with your rewards and the ability to choose your top bonus rewards category from a list of popular options.

Rewards: Earn 3% cash back in the eligible category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.

Welcome offer: Earn $200 online cash rewards bonus after spending $1,000 in purchases in the first 90 days of account opening.

Annual fee: $0

Other benefits and drawbacks: You’ll get a 0% introductory APR for 15 billing cycles for purchases and balance transfers, 18.24% - 28.24% variable APR applies thereafter. Intro rate applies for any balance transfers made in the first 60 days; balance transfer fee of 3% applies to each transfer during this period, then 4%.

If you’re a Bank of America Preferred Rewards member, you can get up to 75% more cash back on every purchase, which could make the card a solid alternative to any other top cash-back credit card. That said, bonus rewards are capped, and the base rewards rate is low without the Preferred Rewards boost, which can limit your potential.

The card also offers free FICO Score access.

If you’re looking for a solid introductory APR promotion without the distraction of rewards and other card benefits, the BankAmericard® credit card can be a good option. The card also offers the chance at a below-average interest rate, and there’s no penalty APR if you miss a payment.

Rewards: This card does not earn rewards.

Welcome offer: This card does not offer a welcome bonus.

Annual fee: $0

Other benefits and drawbacks: The card offers a 0% intro APR for 18 billing cycles for purchases and for any balance transfers made in the first 60 days from account opening, 16.24% - 26.24% variable APR thereafter. A 3% balance transfer fee applies for the first 60 days, then 4%.

Even the balance transfer fee is generous— some other cards go as high as 5%. You’ll also get free access to your FICO Score. If you’re looking for other valuable perks, however, you’ll want to look elsewhere.

The PenFed Pathfinder® Rewards Visa Signature® Card* offers a valuable introductory APR on balance transfers, plus a low ongoing APR on purchases. What’s more, the rate is the same for everyone who qualifies, so there’s no guessing game when you apply. The card also offers robust rewards, including a sizable welcome bonus.

Rewards: Earn 4 points per dollar on all travel categories for PenFed Honors Advantage Members, 3 points per dollar on all travel categories and 1.5 points on all other purchases.

Welcome offer: Earn 50,000 bonus points after spending $3,000 in the first 90 days of account opening.

Annual fee: $95 (waived for existing PenFed Honors Advantage Members)

Other benefits and drawbacks: The card offers a 0% introductory rate for 12 months on balance transfers made in the first 90 days after account opening, followed by a non-variable APR rate of 17.99%. Balance transfers incur a 3% fee per transaction. A 17.99% variable APR applies for purchases.

You can skip the card’s annual fee and earn more rewards on travel purchases if you’re a PenFed Honors Advantage member. To qualify, you must be an eligible military member or have an eligible checking account. You may also need to meet certain balance or direct deposit requirements.

In addition, the card offers a handful of travel benefits, including a $100 annual domestic air ancillary travel statement credit, an application fee credit for Global Entry or TSA PreCheck, complimentary access to Priority Pass lounges and no foreign transaction fees.

That said, you’ll need to join PenFed Credit Union to be able to get the card. While anyone can join, it’s another hoop to jump through just to apply.

If your goal is to maximize your interest savings on a large purchase or balance transfer, look no further than the Wells Fargo Reflect® Card, which offers a lengthy introductory APR promotion.

Rewards: This card does not earn rewards.

Welcome offer: This card does not offer a welcome bonus.

Annual fee: $0

Other benefits and drawbacks: The card offers an impressive 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. A 18.24%, 24.74%, or 29.99% variable APR applies thereafter. Balance transfers made within 120 days qualify for the intro APR and a balance transfer fee of 5%, min $5 applies.

The card doesn’t offer a standard rewards program, though you can get cash back in the form of an account credit on some purchases through My Wells Fargo Deals. The card also offers cellphone protection with a minimum deductible and free access to your FICO Score.

The PenFed Gold Visa® Card* offers one of the lowest ongoing interest rates available, making it a good choice for people who plan to carry a balance or need a credit card for emergencies. It even offers an introductory 0% APR in the event that you need to make a large purchase or a balance transfer.

Rewards: This card does not earn rewards.

Welcome offer: Earn This card does not offer a welcome bonus.

Annual fee: $0

Other benefits and drawbacks: The card offers a 0% intro APR for 15 months on purchases, followed by a variable 17.99% APR. 0% intro APR for 15 months on balance transfers made within the first 90 days, followed by a non-variable APR rate of 17.99%. Balance transfers incur a 3% fee per transaction.

The card also doesn’t charge foreign transaction fees, but it doesn’t offer any other notable features.

If you use your credit card frequently, you may be able to earn bonus rewards on your everyday purchases with the Amex EveryDay® Credit Card*. The card also offers a decent introductory 0% APR promotion, and, as a Membership Rewards-earning card, a lot of flexibility when it comes to redeeming your points.

Rewards: Earn 2 Membership Rewards points per dollar at US supermarkets on up to $6,000 per year in purchases (then 1X), 2 points per dollar when using the card to book trips through American Express Travel and 1 point for every eligible dollar on everything else. Plus, use the card 20 or more times on purchases in a billing period and earn 20% extra points on those purchases.

Welcome offer: Earn 10,000 points after spending $2,000 in qualifying purchases in the first 6 months of account opening.

Annual fee: $0

Other benefits and drawbacks: When you open the card, you’ll get a 0% intro APR on purchases and balance transfers for 15 months, followed by a regular APR of 18.24% - 29.24% variable. A balance transfer fee of $5 or 3%, whichever is greater, applies. The card’s balance transfer fee is Either $5 or 3% of the amount of each transfer, whichever is greater.

While the card’s rewards program gives you access to a variety of redemption options, including the ability to transfer your points to select airline and hotel loyalty programs. Most cards with this option charge an annual fee.

That said, it may make sense to pair the Amex EveryDay® Credit Card* with other Membership Rewards-earning credit cards to make the most of your spending.

The Capital One VentureOne Rewards Credit Card (rates & fees) offers the simplicity of flat-rate travel rewards and the ultimate flexibility when it comes to redeeming your miles. New cardholders will also get a decent introductory APR on both purchases and balance transfers.

Rewards: Earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase.

Welcome offer: Earn 20,000 miles after spending $500 on purchases within 3 months from account opening, equal to $200 in travel.

Annual fee: $0

Other benefits and drawbacks: The card offers a 0% intro APR on purchases and balance transfers for 15 months, 19.99% - 29.99% variable APR after that; 3% balance transfer fee for the first 15 months, 4% at a promotional APR that Capital One may offer you

The card’s rewards rate is relatively low compared to other flat-rate rewards credit cards. But you’ll be able to transfer your miles to more than 15 airline and hotel loyalty programs. You’ll also get travel accident insurance and auto rental collision damage waiver, and there are no foreign transaction fees.

The card also offers some dining and entertainment benefits.

The U.S. Bank Cash+® Visa Signature® Card offers a lot of flexibility with bonus rewards, allowing you to maximize your cash back on very specific spending categories. You’ll also get a decent 0% APR promotion on purchases and balance transfers.

Rewards: Earn 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Center, 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories of choice, 2% cash back on one everyday category such as gas stations, grocery stores or restaurants, and 1% cash back on all other eligible purchases.

Welcome offer: Earn $200 rewards bonus after spending $1,000 on eligible purchases within the first 120 days of account opening.

Annual fee: $0

Other benefits and drawbacks: The card offers a 0% intro APR on purchases and balance transfers for 15 billing cycles, then a standard APR of 19.49% - 29.74% variable APR applies. A balance transfer fee of 3% ($5 minimum) applies and balances transferred must be completed within 60 days from account opening.

Unlike other 5% cash-back credit cards, this one doesn’t change categories every few months. However, you can select new categories each quarter from a list of options. The only drawback is that the available categories can be very specific. For example, instead of restaurants, it’s just fast food restaurants. Some of the other options include movie theaters, gyms and fitness centers, sporting goods stores and home utilities.

The Bank of America® Unlimited Cash Rewards credit card is a cash-back credit card that offers a good introductory APR promotion and the chance to earn an outsized rewards rate on your everyday spending.

Rewards: Earn 1.5% unlimited cash back on all purchases.

Welcome offer: Earn $200 online cash rewards bonus after spending $1,000 in purchases in the first 90 days of account opening.

Annual fee: $0

Other benefits and drawbacks: When you open the account, you’ll get a 0% introductory APR for 15 billing cycles on purchases and for any balance transfers made in the first 60 days of account opening, followed by a 18.24% - 28.24% variable APR. A 3% fee applies to balance transfers made in the first 60 days, then 4%.

Like other Bank of America rewards credit cards, you can earn up to 75% more cash back as a Preferred Rewards member, potentially beating out all other flat-rate cash-back credit cards. You’ll also get access to your FICO Score.