Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

7 best low-interest credit cards for 2022

Compare APRs as low as 7.99% variable.

With good to excellent credit, you have a higher chance of getting a below-average credit card APR. While you should strive to pay off your balance in full each month, a low APR can be helpful if an emergency or life event necessitates carrying a balance for a while. Here are our some of Finder’s favorite credit cards with low interest.

To select our top picks, we compared credit cards on the market with low-interest rates as well as other card features important to consumers looking for such a card. Features we compared include annual fees, introductory APRs, rewards, balance transfer capabilities, and the type of revert APR. We singled out cards that excelled in one or more of these categories for our top list.

What’s changed in 2022?

We’ve moved the Citi® Diamond Preferred® Card onto this list. At the time of this writing, the card still an excellent intro APR on purchases and balance transfers, as well as a potentially solid ongoing APR.

What are the best low-APR credit cards?

You’ll typically find the lowest interest rates with credit unions. With major credit card providers, you’ll likely receive a purchase and balance transfer APR of at least 14% — potentially much higher.

The following cards are market-leading choices for a low APR.

Best for lowest fixed-interest rate (one APR)

Applied Bank® Secured Visa® Gold Preferred® Credit Card

Finder rating 4 / 5 ★★★★★

Apply now
on Applied Bank's secure site
Read review
This is a secured card, meaning you have to put down a secured deposit to use the card. Despite that, it has one of the lowest interest rates you can find in any card at 9.99%% fixed. The card also reports to Experian, Equifax and TransUnion, which makes it a decent starter credit card to build your credit while paying low interest rates.

Best for 0% intro APR on balance transfers and purchases

Wells Fargo Reflect Card

Wells Fargo's renewed focus on credit cards includes the incredibly potent Wells Fargo Reflect Card. It one-ups the Citi Diamond Preferred by offering a full 18 months intro period on purchases and a full 18 months on balance transfers, while also sporting a potentially lower ongoing APR.

Best for cashback rewards

Discover it® Cash Back

Finder rating 4.8 / 5 ★★★★★

The Discover it® Cash Back offers one of the lowest potential ongoing APRs among Cash back rotating bonus category cards. Depending on your credit score, you could end up with an interest rate of 12.74% variable. This card also offers 15 months intro period on purchases and a full 15 months on balance transfers, making it an overall great value package.

Best fair-credit card with low APR

DCU Visa® Platinum Secured Credit Card

Even if you need a secured card to rebuild your credit, you don't have to pay an exorbitant interest rate. The DCU Visa® Platinum Secured Credit Card is a no-annual-fee option that offers a 12.25% variable APR on all balances for cardholders.

Best for 0% intro APR on purchases and balance transfers

U.S. Bank Visa® Platinum Card

Finder rating 4.8 / 5 ★★★★★

Read Review
Terms apply, see rates & fees
The U.S. Bank Visa® Platinum Card offers a superb 0% intro APR for 24 billing cycles from account opening on both purchases and balance transfers, then 15.99% to 25.99% variable.

How do I choose the best low-interest credit card?

Picking the best low-interest credit card comes down to your personal financial needs. Here are some items to consider to help you choose:

  • Do you want an intro APR?
    If you plan on making a big purchase, an intro 0% APR can give you some time to repay that purchase interest free. These offer anywhere from six to 21 months from account opening to pay off your purchase or balance transfer.
  • Are rewards a big deal to you?
    A few low-interest cards offer rewards. However, they often don’t offer as many perks as you’d find with top rewards cards, such as statement credits or travel benefits.
  • What are the fees and penalties?
    If you worry about being able to always make your payments, you’ll want a card with low penalty fees and a low-penalty APR. Also make sure to check the card’s rates and fees for unexpected surprises. For example, just because a card has an intro APR on balance transfers doesn’t mean it comes without balance-transfer fees.

Pros and cons of a low-interest rate credit card


  • Savings. These cards can be a cheaper option as you pay less interest on purchases, which will help you save money and avoid falling into unmanageable debt.
  • Low fees. Many low-interest rate credit cards are paired with low fees, which can also help you save.
  • Credit card offers. Low-interest rate credit cards sometimes come with 0% promotions on purchases and balance transfers, allowing you to avoid interest altogether for an introductory period.


  • Less valuable if you pay your balance in full. If you pay your balance in full each month, you won’t have to worry about interest at all. This reduces the card’s overall value.
  • Less competitive rewards. Some low-rate credit cards come with rewards programs, but they usually have lower earn rates and bonus point offers than more expensive cards.
  • Fewer extra features. Low rates generally come with fewer extra features, unlike platinum cards which often come with concierge services and airport lounge passes.
  • Revert rates. If your card charges 0% on purchases for a promotional period, it will revert to a higher purchase rate after that.

What is a low interest rate?

As of this writing, the average credit card APR is around 17%. However, your assigned interest rate also depends on your creditworthiness. If you have average credit for example, it’s not uncommon to receive an APR several points higher than this.

However, if you have good or excellent credit, you might be able to get a below-average interest rate. The lower the APR, the higher the credit score you may need. APRs tend to bottom out at around 7% to 8%.

How is an interest rate calculated?

Interest rates are usually advertised based on the annual rate that applies to the account, also known as the Annual Percentage Rate (APR). However, interest on your account balance is typically calculated daily and then charged monthly on the statement due date. This means that for every day that you don’t make a payment, the interest charges will build up — or, compound. In this case, you’re essentially paying interest on interest.

Looking for a more in-depth example of how interest is calculated? Check out Finder’s credit card interest guide for more examples, calculations and data tables.

How much money can I save with a low-interest credit card?

Even a small difference in your credit card’s interest rate can save you a lot of money. Say you have a $2,000 balance on your credit card and you take six months to pay it off. With an interest rate of 20%, you’d pay $118.30 in interest on this debt.

But if you had a low-interest rate card that charged 12% APR, you’d pay $70.60 in interest over the same period of time. That’s a saving of $47.70 compared to the higher interest card. And the bigger your credit card debt, the bigger the difference gets. That’s why comparing interest rates before you apply for a new credit card can help you find one that’s affordable based on your needs.

How can I get a low-interest credit card?

Apply for a low-interest credit card like any other card, though you’ll have more options, and a better chance of being approved if you have a higher credit score.

To apply, visit the provider’s site, find the card you want, and select Apply. You can also peruse available cards using our card comparison tool. From there, you’ll need to provide details about yourself, such as your employment status, financial situation and estimated credit score.

In order to prove your identity, you’ll usually need your driver’s license. Most online credit card applications give you a response within 60 seconds of submitting the completed form.

Is a low-interest credit card right for me?

If you struggle to pay your balance in full by the due date on your statement, a low-interest credit card is your best bet for paying as little as possible for using the card. You could also benefit from a low-rate card if you’re a student or new to paying on plastic and want a cheaper credit card option.

Compare low-interest credit cards

Credit card APRs can vary widely depending on the issuer — from as low as around 8% to as high as 30%. Here are a few cards with below-average interest rates.

1 - 5 of 6
Name Product Purchase APR Balance transfer APR Annual fee Filter values
PenFed Power Cash Rewards Visa Signature® Card
15.99% to 17.99% variable
2% cash back for all PenFed Honors Advantage members and 1.5% cash back on all purchases made with your card.
PenFed Platinum Rewards Visa Signature® Card
14.49% to 17.99% variable
Earn 5x points on gas at the pump and 3x points on groceries. Earn 1x points on all other purchases.
Capital One VentureOne Rewards for Good Credit
Capital One VentureOne Rewards for Good Credit
26.99% variable
26.99% variable
The same rewards and $0 annual fee as the Capital One VentureOne Rewards Credit Card, but for those with good credit.
PenFed Gold Visa® Card
7.49% to 17.99% variable
Low APR on all purchases including cash advances.
Applied Bank® Secured Visa® Gold Preferred® Credit Card
9.99% fixed
No credit check is required for this secured card. Make a deposit of at least $200 to open this card and get a low 9.99% fixed APR on purchases.

Compare up to 4 providers

Bottom line

As best practice, avoid carrying a balance on a credit card. However, a low-interest credit card or card with an intro-APR offer can make for a great emergency card to help you avoid big interest on those unforeseen purchases.

If you’re looking for a card with more bells and whistles though, check out our guide to the best credit cards for a look at what’s available in the wide world of credit cards.

Back to top

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site