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Low Interest Credit Cards
When searching for a new credit card it's tempting to go straight to the rewards cards. Fact is, low APR credit cards are the best choice for those who tend to carry over monthly balances. Credit card interest rates can quickly offset any rewards you've earned. A good rule of thumb, --if you can pay off your credit card balance each month then maximize your rewards, but if you carry over balances look for lower interest credit cards.
It's a simple concept. Interest rate is your cost to borrow money from the credit card company. If you pay back your balance in full before the grace period ends each month, then you don't have to pay any interest for the month. If some portion of your balance remains unpaid after the grace period, interest charges for that remaining amount will be added to your balance. With this in mind it a good idea to have at least one low APR credit card for large purchases where you will likely need several months to pay off the balance.
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| Biodegradable More® Card |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| 0% |
11.99% |
6 months |
0% |
6 months |
$0 |
- 0% Intro APR on Purchases and Balance Transfers.
- No Annual Fee.
- 5% Cashback Bonus®.*
- Up to 1% Cashback Bonus on all other purchases automatically.
- Help protect the planet with the new biodegradable Discover Card.
- Card plastic breaks down 99% within five years in landfill conditions.
 Cash Back Rewards
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Card Terms |
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| Escape by Discover® Card |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| 0% |
11.99% |
6 months |
0% |
6 months |
$60 |
- 0% Intro APR on Purchases and Balance Transfers for 6 months.
- 25,000 Bonus Miles - 1,000 Miles each month you make a purchase the first 25 months.
- Unlimited Double Miles on all purchases.
- 2 additional Miles for every $1 you spend through ShopDiscover, our exclusive online shopping site.
- Book any travel, anytime with no blackout dates or restrictions.
- Redeem for travel credits to your account, gift cards from any of our 90 brand-name Partners or cash starting at just 1,000 Miles.
Miles Rewards
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Card Terms |
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| More® Card - Monogram |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| 0% |
11.99% |
6 months |
0% |
6 months |
$0 |
- 0% Intro APR on Purchases and Balance Transfers.
- No Annual Fee.
- 5% Cashback Bonus®.*
- Up to 1% Cashback Bonus on all other purchases automatically.
- $0 Fraud Liability Guarantee.
- Redeem for travel credits to your account, gift cards from any of our 90 brand-name Partners or cash starting at just 1,000 Miles.
Cash Back Rewards
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Card Terms |
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| Discover® Motiva Card |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| 3.99% |
11.99% |
6 months |
3.99% |
12 months |
$0 |
- 3.99% Intro APR.
- No Annual Fee.
- 5% to 20% Cashback Bonus.
- Earn up to 1% Cashback Bonus on all other purchases.
- Turn your Cashback Bonus into bigger rewards every time you redeem for gift cards from over 100 brand-name Partners Free payment by phone.
- Unlimited cash rewards.
Cash Back Rewards
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Card Terms |
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| More® Card - Sealife Collection |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| 0% |
11.99% |
6 months |
0% |
6 months |
$0 |
- 0% Intro APR on Purchases and Balance Transfers.
- No Annual Fee.
- 5% Cashback Bonus®.*
- Up to 1% Cashback Bonus on all other purchases automatically.
- Choose from 5 exciting sealife designs.
- Unlimited cash rewards that never expire.
Cash Back Rewards
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Card Terms |
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| Miles by Discover® Card |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| 0% |
11.99% |
6 months |
0% |
6 months |
$0 |
- 0% Intro APR on Purchases and Balance Transfers for 6 months.
- No Annual Fee.
- 12,000 Bonus Miles - 1,000 Miles each month you make a purchase for the first 12 months.
- Double Miles on up to $3,000 in travel and restaurant purchases each year.
- Book any travel, anytime with no blackout dates or restrictions.
- 1 Mile for every $1 on all your other purchases - personal and business.
Cash Back Rewards
Miles Rewards
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Card Terms |
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| More® Card - Wildlife Collection |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| 0% |
11.99% |
6 months |
0% |
6 months |
$0 |
- 0% Intro APR on Purchases and Balance Transfers.
- No Annual Fee.
- 5% Cashback Bonus®.*
- Up to 1% Cashback Bonus on all other purchases automatically.
- Unlimited cash rewards that never expire.
- $0 Fraud Liability Guarantee.
Cash Back Rewards
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Card Terms |
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| More® Card - American Flag |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| 0% |
11.99% |
6 months |
0% |
6 months |
$0 |
- 0% Intro APR on Purchases and Balance Transfers.
- No Annual Fee.
- 5% Cashback Bonus® in categories like GAS, Travel, Groceries and many more.*
- Up to 1% Cashback Bonus on all other purchases automatically.
- Unlimited cash rewards.
- $0 Fraud Liability Guarantee.
Cash Back Rewards
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Card Terms |
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| More® Card - Clear |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| 0% |
11.99% |
6 months |
0% |
6 months |
$0 |
- 0% Intro APR on Purchases and Balance Transfers.
- No Annual Fee.
- 5% Cashback Bonus® in categories like GAS, Travel, Groceries and many more.*
- Up to 1% Cashback Bonus on all other purchases automatically.
- Unlimited cash rewards.
- $0 Fraud Liability Guarantee.
Cash Back Rewards
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Card Terms |
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| More® Card |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| 0% |
11.99% |
6 months |
0% |
12 months |
$0 |
- 0% Intro APR on Purchases and Balance Transfers.
- No Annual Fee.
- 5% Cashback Bonus® in categories like GAS, Travel, Groceries and many more.*
- Up to 1% Cashback Bonus on all other purchases automatically.
- Turn your Cashback Bonus into bigger rewards everytime when you redeem for gift cards from over 100 brand-name Partners.
- Unlimited cash rewards.
Cash Back Rewards
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Card Terms |
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| American Express® Premier Rewards Gold Card |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| N/A |
No APR |
N/A |
N/A |
N/A |
see terms |
- Earn 15,000 Membership Rewards® bonus points when you spend $1,000 in your first 3 months of Card membership.
- Earn Membership Rewards points up to three times as fast: You can earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else.
- Earn 15,000 Membership Rewards bonus points when you spend $30,000 per calendar year.
- No annual fee for your first year, a savings of $175.
- Turn your Cashback Bonus into bigger rewards everytime when you redeem for gift cards from over 100 brand-name Partners.
- Unlimited cash rewards.
Point Rewards
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Card Terms |
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| Platinum Card® |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| N/A |
No APR |
N/A |
N/A |
N/A |
$450 |
- Earn 25,000 Membership Rewards® Bonus Points when you spend $1,000 in 3 months - Redeemable for one round-trip domestic airline ticket!
- 24-hour access to Concierge Service for the finest experiences in dining, entertainment, and luxury.
- Fine Hotels & Resorts Program - exclusive amenities at boutique, resort, and luxury hotels around the world.
- By Invitation Only® Events - access to exclusive, once-in-a-lifetime events.
- Complimentary Airport Club Access.
- The Membership Rewards First® program - Enjoy exclusive access to rewards and experiences featuring luxury retail, lifestyle, and world-class travel.
Point Rewards
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Card Terms |
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| American Express® Preferred Rewards Gold Card |
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Intro APR |
Ongoing APR |
Intro APR Period |
Intro Bal Transfer APR |
Intro Bal Transfer Period |
Annual Fee |
| N/A |
No APR |
N/A |
N/A |
N/A |
$125 |
- Earn 10,000 Membership Rewards® bonus points when you spend $500 in 3 months - redeemable for a $100 gift card!
- The Membership Rewards® program - Earn 1 Membership Rewards® point for virtually every dollar you spend and redeem for your choice of travel, shopping, and entertainment rewards.
- Gold Card Events - exclusive access to tickets for select concerts, shows, major sporting events, and more in cities nationwide.
- Express Approval. Get a decision in less than 60 seconds.
- No Limit on the Cash Back earned.
- Express Approval. Get a decision in less than 60 seconds.
Point Rewards
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Card Terms |
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Choosing a low Interest Credit Card
Many low interest credit cards are available through banks and major credit card companies today. These generally do require a good credit score to obtain. A good credit score translates to less risk to the credit card issuer allowing them to offer lower rates. Whatever your credit score if you feel you are paying an abnormally high rate then its worth considering applying for a lower rate card.
When you evaluate low APR credit cards look first at the ongoing interest rate. The ongoing APR is the most important aspect, --you will have to live with the ongoing APR long after any introductory rates have expired. Carefully read the terms and conditions to confirm this rate will not change. Note that fixed APR's are not designed to adjust over time and credit card issuers must notify you if they change it. Variable APRs are linked to the prime rate and you can expect them to adjust up or down periodically.
Some low APR cards also offer attractive introductory rates and 0% balance transfers. But consider your goals. If you are seeking a great long term low APR card then don't compromise for short term introductory offers meant to draw you in.
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