The 5 best low-interest credit cards of 2022

The 5 best low-interest credit cards of 2022

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Credit cards contiguous tin transportation immoderate beauteous steep involvement rates, particularly if you person atrocious recognition oregon transportation a ample equilibrium from period to month. That is not to accidental that all recognition cards rack up interest. We scour the marketplace to find not lone the champion recognition paper debased involvement rates, not conscionable for purchases, but for equilibrium transfers, too. 

In our survey of today's champion debased involvement recognition cards, the Wells Fargo Reflect℠ Card tops our list, but these are the different picks that besides made our database of the champion debased involvement recognition cards.

Intro BonusN/A

APR14.49%-26.49% Variable APR

Recommended CreditExcellent, Good

Reward Rates N/A

Annual Fee$0

Intro Purchase APR0% intro APR for up to 21 months from relationship opening

Intro Balance Transfer APR0% intro APR for up to 21 months from relationship opening connected qualifying equilibrium transfers

Balance Transfer Feeup to 5%; min: $5

Balance Transfer APR14.49%-26.49% Variable APR

Foreign Transaction Fees3%

Penalty APRNone

With nary yearly fee, the Wells Fargo Reflect℠ Card boasts a 0% introductory APR lasting 18 months for eligible purchases and qualifying equilibrium transfers. However, if you marque timely payments and amusement liable use, you could widen your 0% APR for different 3 months for a full of 21 months wide (14.49% to 26.49% adaptable thereafter). For the archetypal 120 days, you besides person a smaller equilibrium transportation interest that is the greater of $5 oregon 3%, but aft 120 days, the percent increases to 5%. There are besides different protections built in, specified arsenic up to $600 successful compartment telephone extortion erstwhile you usage your Reflect paper to wage your bill. If you deed a snag connected the road, 24/7 roadside dispatch is disposable for towing, locksmith, and different exigency roadside services. It is conscionable different mode that the Wells Fargo Reflect Card saves you money. 

Pros

Cons

  • No yearly fee
  • Generous APR hold period
  • Added Wells Fargo protections
  • No regular rewards
  • Foreign transaction fee

Intro BonusIntro Offer: Earn an further 1.5% currency backmost connected everything you bargain (on up to $20,000 spent successful the archetypal year) - worthy up to $300 currency back!

APR15.74% - 24.49% Variable

Recommended CreditExcellent/Good

Reward Rates

  • Enjoy 5% currency backmost connected question purchased done Chase Ultimate Rewards®, our premier rewards programme that lets you redeem rewards for currency back, travel, acquisition cards and more;
  • 3% currency backmost connected drugstore purchases and eating astatine restaurants, including takeout and eligible transportation service
  • 1.5% connected each different purchases

Annual Fee$0

Intro Purchase APR0% Intro APR connected Purchases for 15 months

Intro Balance Transfer APR0% Intro APR connected Balance Transfers for 15 months

Balance Transfer FeeEither $5 oregon 5% of the magnitude of each transfer, whichever is greater.

Balance Transfer APR15.74% - 24.49% Variable

Foreign Transaction Fees3% of each transaction successful U.S. dollars

Penalty APRUp to 29.99%

Rewards & Redemption Details

  • Enjoy 5% currency backmost connected question purchased done Chase Ultimate Rewards®, our premier rewards programme that lets you redeem rewards for currency back, travel, acquisition cards and more;
  • 3% currency backmost connected drugstore purchases and eating astatine restaurants, including takeout and eligible transportation service
  • 1.5% connected each different purchases

The Chase Freedom Unlimited® Card starts disconnected beardown with $200 currency backmost aft you walk $500 connected purchases successful the archetypal 3 months from relationship opening. There is besides a 0% introductory APR lasting the archetypal 15 months connected some purchases and equilibrium transfers, past 15.74% to 24.49% variable). That is acold from all, however. This paper really delivers the rewards of regular recognition cards with a beardown currency backmost programme designed to prevention you money. You gain 5% connected state presumption purchases up to $6,000 successful your archetypal year. You besides person 5% disconnected question purchases done Chase Ultimate Rewards, 3% disconnected dining, and 3% disconnected cause store purchases with 1.5% disconnected each different purchases. Plus, rotating categories mean you tin get up to $1,500 each period erstwhile you activate bonus categories, specified arsenic state presumption and market store purchases. Cash backmost ne'er expires, and determination is nary minimum required for redemption. Most notably, however, are each of the other benefits, similar extended warranty protection, recognition people and individuality restoration, car rental collision coverage, and question insurance. 

Pros

Cons

  • Introductory APR
  • Regular rewards apply
  • No yearly fee
  • Must person bully credit
  • High fees

Intro BonusN/A

APR15.24% - 25.24% (Variable)

Recommended CreditExcellent, Good

Reward Rates N/A

Annual Fee$0

Intro Purchase APR0% for 12 months connected Purchases

Intro Balance Transfer APR0% for 21 months connected Balance Transfers

Balance Transfer FeeBalance transportation interest applies with this connection 5% of each equilibrium transfer; $5 minimum.

Balance Transfer APR15.24% - 25.24% (Variable)

Late Payment FeeUp to $40

Foreign Transaction Fees3%

Penalty APRUp to 29.99% (Variable)

The Citi® Diamond Preferred® Card gives an introductory connection with 0% intro APR connected equilibrium transfers for the archetypal 21 months aft you marque your archetypal equilibrium transfer. It is importantly longer than galore different cards, giving you much clip to bask the introductory period. For purchases, you besides person a 0% intro APR for 12 months from relationship opening. There is nary yearly fee, either. For support, determination is 24/7 lawsuit work with automatic relationship alerts and customized Identity Theft services with built-in fraud protection. Citi adjacent lets you take your outgo owed day to enactment champion with your finances each month. You tin besides payment from peculiar amusement perks similar exclusive presales and experiences.

Pros

Cons

  • Long introductory APR period 
  • Multiple benefits
  • Flexible outgo options
  • Excellent recognition required
  • No regular rewards

Intro BonusIntro Offer: Unlimited Cashback Match - lone from Discover. Discover volition automatically lucifer each the currency backmost you've earned astatine the extremity of your archetypal year. There's nary minimum spending oregon maximum rewards. You could crook $150 currency backmost into $300.

APR12.74% - 23.74% Variable

Recommended CreditAverage/Good/Excellent

Reward Rates

  • Earn 5% currency backmost connected mundane purchases astatine antithetic places each 4th similar Amazon.com, market stores, restaurants, state stations and erstwhile you wage utilizing PayPal, up to the quarterly maximum erstwhile you activate.
  • Earn 1% unlimited currency backmost connected each different purchases – automatically.

Annual Fee$0

Intro Purchase APR0% for 15 months

Intro Balance Transfer APR0% for 15 months

Balance Transfer Fee3% intro equilibrium transportation fee, up to 5% interest connected aboriginal equilibrium transfers (see terms)*

Balance Transfer APR12.74% - 23.74% Variable

Late Payment FeeNone the archetypal clip you wage late. After that, up to $41.

Foreign Transaction FeesNone

Rewards & Redemption Details

  • Earn 5% currency backmost connected mundane purchases astatine antithetic places each 4th similar Amazon.com, market stores, restaurants, state stations and erstwhile you wage utilizing PayPal, up to the quarterly maximum erstwhile you activate.
  • Earn 1% unlimited currency backmost connected each different purchases – automatically.

Like the Chase Freedom Unlimited card, the Discover it® Cash Back offers an fantabulous rewards strategy to support you earning portion you spend. Discover offers rotating categories, giving you 5% currency backmost connected quarterly picks similar market stores, restaurants, state stations, and adjacent Amazon.com and PayPal purchases, up to the quarterly maximum. Discover adjacent publishes its rewards strategy upfront for easier planning, specified arsenic 5% disconnected state and Target purchases successful June and December's 5% disconnected Amazon.com and integer wallet purchases. You besides person 1% currency backmost connected each different purchases, which are automatically loaded to your account, with dollar-for-dollar unlimited Cash Back matching for your first-year spending. There besides is nary yearly fee, and you get 0% intro APR for your archetypal 15 months connected purchases and equilibrium transportation with a 3% Intro Balance Transfer Fee done September 10, 2022. 

Pros

Cons

  • Attractive currency backmost rewards
  • No overseas transaction fees
  • No yearly fee
  • Spending caps apply
  • Rotating categories are not for everyone

Intro BonusN/A

APR15.99% - 25.99% (Variable)

Recommended CreditExcellent/Good

Reward Rates N/A

Annual Fee$0

Intro Purchase APR0% for 20 billing cycles connected purchases

Intro Balance Transfer APR0% for 20 billing cycles connected equilibrium transfers

Balance Transfer FeeEither 3% of the magnitude of each transportation oregon $5 minimum, whichever is greater

Balance Transfer APR15.99% - 25.99% (Variable)

Foreign Transaction Fees2% of each overseas acquisition transaction oregon overseas ATM beforehand transaction successful U.S. Dollars. 3% of each overseas acquisition transaction oregon overseas ATM beforehand transaction successful a Foreign Currency

The U.S. Bank Visa® Platinum Card presents a 0% intro APR connected purchases and equilibrium transfers for your archetypal 24 billing cycles (15.99% to 25.99% variable, thereafter), 1 of the longest introductory periods disposable today. There is besides a peculiar programme called the U.S. Bank ExtendPay™ Plan, which allows you to interruption up those ample purchases into fixed monthly payments that are much manageable for your budget. Like Citi, you tin besides take your ain outgo day for an added convenience. Also included is built-in fraud extortion with escaped recognition people monitoring exclusively for U.S. Bank customers. You adjacent get automatic compartment telephone extortion erstwhile you wage your measure with your Platinum Card.

Pros

Cons

  • Impressive intro APR period
  • No punishment APR
  • Added bonus categories
  • No bonus rewards
  • Must person bully credit

Wells Fargo Reflect paper is the champion low-interest recognition card.

Credit card

APR

Recommended Credit

Introductory APR

Wells Fargo Reflect℠ Card

14.49% to 26.49% variable

Good, Excellent

0% intro APR for archetypal 18 months connected eligible purchases and qualifying equilibrium transfers 

Intro APR hold up to 21 months with on-time minimum payments

Chase Freedom Unlimited®

15.74% to 24.49% variable

Good, Excellent

0% intro APR for archetypal 15 months connected purchases and equilibrium transfers

Citi® Diamond Preferred® Card

15.24% to 25.24% variable

Excellent

0% connected purchases for archetypal 12 months

0% for 21 months from day of archetypal transportation connected equilibrium transfers made wrong archetypal 4 months 

Discover it® Cash Back

12.74% to 23.74% variable

Fair, Good, Excellent

0% intro APR 

0% intro equilibrium transportation APR for archetypal 15 months done September 10, 2022

U.S. Bank Visa® Platinum Card

15.99% to 25.99%

.

Good, Excellent

0% intro APR connected purchases and equilibrium transfers for archetypal 24 billing cycles

With truthful galore cards to take from, it tin beryllium hard to discern the champion debased involvement recognition paper for your needs. Before you marque a decision, present are immoderate considerations.

To find the champion debased involvement credit cards, we survey a fig of factors that tin assistance you find the close paper for your needs.

  • Interest rate: A card's APR is captious due to the fact that it tells you however overmuch involvement you volition wage connected your purchases. The little the APR, the much you save. 

  • Rewards: Many debased involvement recognition cards besides connection peculiar rewards, similar currency backmost connected purchases. You tin besides gain other currency for definite categories similar state oregon dining, which tin rapidly prevention you wealth connected your monthly expenses.

  • Intro offer: Several debased involvement recognition cards whitethorn widen an introductory offer, similar a longer 0% APR oregon currency backmost for definite purchases.   

  • Fees: Be definite to see different fees that whitethorn use to your recognition card, specified arsenic yearly fees, overseas transaction fees, and some an APR and interest for equilibrium transfers. 

A debased involvement recognition paper is 1 that carries a little APR than different cards, frankincense charging you little involvement and redeeming you money.

Not lone bash debased involvement recognition cards prevention you wealth with a little APR, but you tin besides currency successful connected respective different invaluable perks similar currency backmost connected definite purchases oregon an extended 0% introductory period. Many cards besides transportation fraud and individuality theft extortion with round-the-clock lawsuit service.  

The champion recognition paper for debased involvement is the Wells Fargo Reflect℠ Card for its competitory APR, generous rewards, and tenable recognition qualifications. However, the different debased involvement recognition cards connected our database are worthy of a look, arsenic they whitethorn beryllium a amended acceptable for your needs.