Low Interest Credit Cards at FirstCredit.net

Low Interest Credit Card Review

Finding credit cards with low interest rates gets more difficult to do every day. The credit card companies are working getting back lost revenue from the institution of the Credit Card Act of 2009. Offering new credit cards with low interest rates is not on the agenda of credit card issuers at the moment. In the review below are several credit cards with fairly low interest rates that might work for you if you are looking to make an expensive purchase such as appliances or furniture and need to put the purchase on a credit card.

Chase Freedom Visa. This card has a variable APR that ranges between 11.99% and 22.99%. The credit card comes with a $100 bonus cash back program. The way that works is if you spend at least $500 on the card in the first three months then you earn what they call a $100 statement credit. There is an introductory offer with the card for of 0% APR for the first year with balance transfers. If you are not transferring a balance then you get a 0% APR for six months on purchases. There is a 5% cash back program on various categories of products which change throughout the first year. You always earn 1% on non-category purchases. One good feature of the card is that there is no annual fee. Downside, the interest rate is not nearly as low as the Simmons First Visa Platinum card below.

PenFed Promise VISA Card. The best thing about this card is that it comes with an initial APR of 7.49% which is good for the first 36 months. After that initial period the APR goes to 9.99%. Features with the card include no fee cash advances, and no annual fee. Cash advances carry an interest rate of 17.99%. To qualify for this card you or a family member must be a member of the military or the American Red Cross or you can make a $20 donation. There is no rewards program.

Simmons First Visa Platinum.. The card carries a APR of 7.25%. The card does not come with any other benefits. There is no rewards program or cash back programs. There is no annual fee with this card. This card carries one of the lowest interest rates in the industry.

Discover More Card. The APR for the Discover More Card is based on your credit history. It will likely range from between 11.99% and 20.99%. There is an introductory 0% offer for balance transfers available for the first 15 months. The same offer applies for new purchases for the first fifteen months. There is a 0% introductory APR. Similar to the Chase Freedom card you earn 5% cash back on rotating categories during the first year. After you spend $3,000 on the card then you qualify for a 1% cash back on all other purchases. Until you reach that rate there is 0.25% cash back rate. There is no annual fee.

Low interest credit cards are credit cards that generally carry a low interest rate through the life of the Cardmember agreement. Although they are different from cards that simply offer low introductory interest rates, some low interest credit cards offer 0% introductory interest for a period of time. Most of the credit card offers below have variable interest rates. The variable interest rate is generally calculated by adding the prime rate or prime lending rate published in the Wall Street Journal to an additional rate determined by the credit card issuer. Low interest credit cards reward the consumer who maintains good or excellent credit. If you have bad or no credit see, Bad Credit Credit Cards.