Triple Cash Rewards Visa® Upgrade
Triple Cash Rewards Visa®
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On Upgrade‘s website

Best Low Interest Credit Cards of October 2021

Although we generally advise against carrying a balance on your credit card, it can still happen to anyone. Whether you’re someone who often carries a balance month-to-month or wants to play safe in case an unexpected expense arises – you should look into the credit card’s APR before you apply for it. Some credit cards offer 0% APR introductory periods that usually last from 6 to 20 months. However, instead of applying for a new card with an intro offer every few months, it’s more convenient to choose one with a low ongoing APR. Pay attention to the range of the variable APR, as only those with good to excellent credit will get the lowest APR rates. Look through our list of best credit cards for low interest to find the right one for you. Some of them offer rewards too, but we recommend prioritizing low interest over earning rewards.

By Hanna Volkava
Updated October 22, 2021
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Best Credit Cards for Low Interest in October 2021

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Triple Cash Rewards Visa® Upgrade
Apply now
On Upgrade‘s website
Our Rating:
3.84 out of 5
scorer
Recommended credit score
Fair to Excellent (580-799)
  • Rewards Rate:
    • 3% Cash Back on Home, Auto and Health categories.
    • 1% Cash Back on everything else.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    None
  • Regular APR:
    8.99% - 29.99% Regular.
  • Balance Transfer APR:
    None
  • Details:

    The Upgrade Triple Cash Rewards Visa® offers 3% Cash Back on home, auto and health purchase and 1% Cash Back on everything else. Plus, the card has no fees.

    The card's APR: 8.99% - 29.99% (Regular APR).

    Apply online and get a credit line from $500 to $25,000 with your Card.

  • Pros:
    • No Foreign Transaction Fee
    • No Annual fee
    • No extra fees
  • Cons:
    • No Intro APR reriod
    • No welcome bonus
  • Benefits:
    • 3% Cash Back on home, auto and health purchase;
    • 1% Cash Back on everything else;
    • Сontactless card technology.
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Cash Rewards Upgrade
Apply now
On Upgrade‘s website
Our Rating:
2.96 out of 5
scorer
Recommended credit score
Fair to Excellent (580-799)
  • Rewards Rate:
    • 1.5% Cash Back on payments.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    None
  • Regular APR:
    8.99% - 29.99% Regular.
  • Balance Transfer APR:
    None
  • Details:

    The Upgrade Visa® Card with Cash Rewards offers 1.5% Cash Back on payments. Plus, the card has no extra fees.

    The card's APR: 8.99% - 29.99% (Regular APR).

  • Pros:
    • No Foreign Transaction Fee
    • No Annual fee
    • No extra fees
  • Cons:
    • No Intro APR reriod
    • No welcome bonus
  • Benefits:
    • 1.5% Cash Back;
    • Сontactless card technology.
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Surge Secured Mastercard® Celtic Bank
Apply now
On Celtic Bank‘s site
Our Rating:
3.3 out of 5
scorer
Recommended credit score
No Credit History to Poor (0-579)
  • Rewards Rate:
    • 1% Cash Back rewards for each $1 spent using your Surge Mastercard.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $69 annually.
  • Purchase Intro APR:
    None
  • Regular APR:
    19.99% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    Celtic Bank
  • Details:

    The Surge Secured Mastercard® is a credit card designed for people with poor credit or none at all. The card earns 1% Cash Back rewards.

    The card's APR: 19.99% (Variable).

    The Surge Secured Mastercard® has an annual fee of $69. There’s also an additional one-time card fee of $30 (if applicable). Plus, the card has a foreign transaction fee of 3%.

  • Pros:
    • Cash Back rewards
    • Free automatic account reviews for credit limit increases
  • Cons:
    • Annual Fee
    • Foreign Transaction Fee
    • No welcome bonus
    • No Intro APR offer
  • Benefits:
    • 1% Cash Back Rewards;
    • Potential Credit Limit Increase;
    • Report to All 3 Major Credit Bureaus.
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Synovus Bank First Progress Platinum Prestige Mastercard® Secured best for For bad credit

First Progress Platinum Prestige Mastercard® Secured Synovus Bank
Apply now
On Synovus Bank‘s site
Our Rating:
3.8 out of 5
scorer
Recommended credit score
No Credit History to Fair (0-669)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $49 annually.
  • Purchase Intro APR:
    None
  • Regular APR:
    9.99% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    Synovus Bank
  • Details:

    The First Progress Platinum Prestige Mastercard Secured Credit Card is a secured credit card for people with a limited credit history.

    The First Progress Platinum Prestige doesn’t earn a welcome bonus. The First Progress Platinum Prestige Mastercard Secured Credit Card charges the highest annual fee of the three cards at $49, but it offers the lowest APR, at 9.99% (Variable).

    First Progress reports to all three major credit agencies, so even if you have bad credit, you’ll be able to improve on your credit standing provided you use your card responsibly.

  • Pros:
    • Low APR for Purchases
    • No Minimum Credit Score Required
    • Reports to Three Major Credit Bureaus
    • Suitable Range of Credit Limit
  • Cons:
    • High Annual Fee
    • High Transaction Fees on Cash Advance
    • High Penalty Fees
    • No Bonuses or Rewards
    • Foreign Transaction Fees
    • Unavailability of Card for Certain Geographies in the US
  • Benefits:
    • Accepted Nationwide;
    • No Minimum Credit Score;
    • No Credit History Required.
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First Progress Platinum Select MasterCard® Secured Synovus Bank
Apply now
On Synovus Bank‘s site
Our Rating:
3.5 out of 5
scorer
Recommended credit score
No Credit History to Fair (0-669)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $39 annually.
  • Purchase Intro APR:
    None
  • Regular APR:
    13.99% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    Synovus Bank
  • Details:

    The First Progress Platinum Select MasterCard® Secured is designed to help cardholders build credit with no credit check or minimum credit score required to apply.

    The First Progress Platinum Select MasterCard® Secured doesn’t come with any welcome offers, sign-up bonuses or reward rates.

    The card's APR: 13.99% (Variable for Purchases), 19.99% (Variable for Cash Advances).

    The First Progress Platinum Select MasterCard® has an annual fee of $39. Plus, the card has a foreign transaction fee of 3%.

  • Pros:
    • No credit history required
    • No Minimum Credit Score needed
    • Low Annual Percentage Rates
  • Cons:
    • Annual Fee
    • Foreign Transaction Fee
  • Benefits:
    • Accepted Nationwide;
    • No Minimum Credit Score;
    • No Credit History Required.
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Celtic Bank Deserve® EDU Mastercard best for Cash Back, Low Interest, Without SSN, Student

Deserve® EDU Mastercard Celtic Bank
Apply now
On Celtic Bank‘s site
Our Rating:
3.5 out of 5
scorer
Recommended credit score
Fair to Excellent (580-799)
  • Rewards Rate:
    • 1% Cash Back on all purchases with your Deserve EDU Mastercard. Once approved, you'll automatically start earning Cash Back on all purchases.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    None
  • Regular APR:
    18.74% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    Celtic Bank
  • Details:

    The Deserve EDU Mastercard for Students makes it easy for students to start building credit.

    The card's APR is 18.74% (Variable APR). The late payment is up to $25, while the returned payment is up to $37. Balance transfers and cash advances are not available.

    Students who make purchases totaling $500 within the first three statement cycles of card membership qualify to have their Amazon Prime Student subscription reimbursed (a $59 value).

    Students spend a significant amount on school supplies, textbooks and gear each year, and the Deserve EDU Mastercard can earn Cash Back on all of these purchases.

  • Pros:
    • No prior credit history required
    • No SSN Required
    • No Annual Fee
    • No Foreign Transactions Fees
    • No Co-Signer/ Deposit Required
  • Cons:
    • Relatively High APR
    • Fairly Low Rewards
    • Only for Students
  • Benefits:
    • Cellphone Protection;
    • Collision Damage Waiver;
    • Concierge Service;
    • No International Transaction Fees;
    • Priority Pass™ Membership;
    • Mastercard Benefits;
    • No Social Security Number required for international students to apply.
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Synovus Bank First Progress Platinum Elite Mastercard® Secured best for First time applicants

First Progress Platinum Elite Mastercard® Secured Synovus Bank
Apply now
On Synovus Bank‘s site
Our Rating:
3.3 out of 5
scorer
Recommended credit score
No Credit History to Fair (0-669)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $29 annually.
  • Purchase Intro APR:
    None
  • Regular APR:
    19.99% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    Synovus Bank
  • Details:

    The First Progress Platinum Elite Mastercard Secured Credit Card is designed to help cardholders build credit with no credit check or minimum credit score required to apply.

    As a secured credit card, the First Progress Platinum Elite Mastercard doesn’t come with any welcome offers, sign-up bonuses or reward rates. Instead, its biggest draw is providing access to credit even if your credit history or credit rating isn’t ideal.

    As a Mastercard-branded credit option, this First Progress card is accepted nationwide. This puts it a step above retail-branded credit cards that can help boost your credit rating but only allow you to make purchases in their brick-and-mortar or online stores.

    The initial Credit Limit for your Account will be equal to the amount of the Deposit that you make with us, which must be at least $200 (see “Security Interest” above). However, if you choose to deposit more than $200 your initial deposit and corresponding Credit Limit must be at least $300 and may not exceed $2,000.

  • Pros:
    • No credit history required
    • No Minimum Credit Score needed
    • Low Annual Percentage Rates
    • It builds your Credit Score
  • Cons:
    • No option to graduate to an unsecured credit card
    • Credit limit is equal to your deposit amount
    • There is no Rewards program
    • There are some area restrictions
  • Benefits:
    • No Minimum Credit Score;
    • No Credit History Required;
    • Accepted Nationwide.
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Secured Visa® Merrick Bank
Apply now
On Merrick Bank‘s site
Our Rating:
3.2 out of 5
scorer
Recommended credit score
No Credit History to Poor (0-579)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $36 annually.
  • Purchase Intro APR:
    None
  • Regular APR:
    17.45% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    Merrick Bank
  • Details:

    The Merrick Bank Secured Visa® credit card is a credit card designed for building or rebuilding credit. The cardholder’s initial credit line will be equal to the amount of their security deposit, which can be between $200 and $3,000.

    The Annual Fee is $36 the first year. Billed $3 dollars per month thereafter.

    The Merrick Bank Secured Visa® credit card reports to all three major credit bureaus.

    It’s also accepted at any merchant that accepts Visa®, one of the world’s largest global payments brands.

  • Pros:
    • Up to $3000 credit limit
    • Reports to three major credit bureaus
    • You don’t need a bank account to apply
    • Access to FICO score
    • Low APR
  • Cons:
    • No rewards or intro offers
    • $200 minimum deposit
    • Extra fees
    • $36 annual fee
  • Benefits:
    • Monthly Reporting to the 3 Major Credit Bureaus;
    • $0 Fraud Liability;
    • Low interest;
    • FICO® Score for Free Each Month.
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Double Your Line™ Platinum Visa® Merrick Bank
Apply now
On Merrick Bank‘s site
Our Rating:
4.1 out of 5
scorer
Recommended credit score
No Credit History to Excellent (0-799)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $0 - $72 annually.
  • Purchase Intro APR:
    None
  • Regular APR:
    19.45% - 28.45% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    Merrick Bank
  • Details:

    The Merrick Bank Double Your Line™ Platinum Visa® is good for people looking to build or rebuild credit.

    Double your credit line by making at least your minimum payment on time each month for the first 7 months your account is open.

    The APR for purchases is 19.45% - 28.45% (Variable). The card's annual fee: $0 - $72 annually.

    Credit lines range from $550 - $1,200 which double to $1,100 - $2,400 after your account qualifies. No security deposit required.

  • Pros:
    • Double your credit limit
    • Free monthly FICO Score access
  • Cons:
    • Annual Fee
    • Foreign Transaction Fee
  • Benefits:
    • $0 Fraud Liability;
    • Double Your Line™;
    • Exclusive Platinum Visa Benefits.
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Double Your Line® Secured Visa Merrick Bank
Apply now
On Merrick Bank‘s site
Our Rating:
1.42 out of 5
scorer
Recommended credit score
No Credit History to Excellent (0-799)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $36 the first year. $36 billed $3 per month thereafter.
  • Purchase Intro APR:
    None
  • Regular APR:
    17.45% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    Merrick Bank
  • Details:

    The Merrick Bank Double Your Line® Secured Visa is a good card for people looking to build or rebuild credit.

    The card has an annual fee of $36 for the first year (billed $3 per month thereafter).

    The APR for purchases is 17.45% (Variable).

    Double your $200 credit line by making at least your minimum payment on time each month for the first 7 months your account is open.

  • Pros:
    • Double your credit limit
    • Free monthly FICO Score access
  • Cons:
    • Annual Fee
    • Foreign Transaction
  • Benefits:
    • $0 Fraud Liability;
    • Double Your Line™;
    • Reports to 3 Major Credit Bureaus.
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Applied Bank Gold Preferred® Secured Visa® best for 18 year old

Gold Preferred® Secured Visa® Applied Bank
Apply now
On Applied Bank‘s site
Our Rating:
2.41 out of 5
scorer
Recommended credit score
No Credit History to Poor (0-579)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    $48 annually.
  • Purchase Intro APR:
    None
  • Regular APR:
    9.99% Regular.
  • Balance Transfer APR:
    None
  • Issuer name:
    Applied Bank
  • Details:

    The Applied Bank® Secured Visa® features a fixed-rate 9.99% APR on purchases.

    The Applied Bank® Gold Preferred® Secured Visa® Card charges several fees in addition to the $48 annual fee. Fees include an up to $38 late payment fee, an up to $38 returned payment fee, a $30 stop payment fee, a $12.95 fee for each optional payment, a $30 fee for additional or replacement cards a $50 reinstatement fee, and a 3% foreign transaction fee.

  • Pros:
    • Lower than average APRs
    • Theft Protection
  • Cons:
    • Annual Fee
    • No Intro APR on purchases and balance transfer
    • Foreign Transaction Fee
    • No rewards
  • Benefits:
    • Reports to All Three National Credit Bureaus;
    • Zero Fraud Liability;
    • Refundable Security Deposit;
    • Global acceptance;
    • Emergency card replacement and cash disbursement.
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Evolve℠ Sallie Mae Bank
Apply now
On Sallie Mae Bank‘s site
Our Rating:
5 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 2% Cash Back on your two highest-spending eligible categories per month.
    • 1.5% Cash Back on everything else.
  • Intro Offer:
    • $200 Earn a $200 cash back reward after you spend $1,000 in the first 3 months.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR for 15 months from date of account opening.
  • Regular APR:
    12.99% - 24.99% Variable APR.
  • Balance Transfer APR:
    12.99% - 24.99% Variable APR.
  • Issuer name:
    Sallie Mae Bank
  • Details:

    The Sallie Mae Evolve℠ card offers 2% Cash Back on your two highest-spending eligible categories per month and 1.5% Cash Back on all purchases. Plus, earn a $200 Cash Back reward after you spend $1,000 in the first 3 months.

    The card offers 0% purchase and balance transfer APR for 15 months, then 12.99% - 24.99% (Variable APR).

    The Sallie Mae Evolve℠ card has no annual fee.

  • Pros:
    • No Annual Fee
    • 0% Introductory APR on purchases and balance transfers
  • Cons:
    • Foreign Transaction Fees
  • Benefits:
    • $200 Cash Back reward;
    • 2% Cash Back;
    • 1.5% Cash Back on all purchases;
    • 25% on Сash Back rewards;
    • $0 liability;
    • Digital Wallets;
    • Cell Phone Protection.
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American Express Blue Cash Everyday® best for Cash Back, Gas, 0 APR, No Annual Fee, Families, Shopping, Groceries

Blue Cash Everyday® American Express
Our Rating:
3.5 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 3% Cash Back on groceries, on up to $6,000 per year in purchases.
    • 2% Cash Back on gas.
    • 2% Cash Back at select department stores.
    • 1% Cash Back on other purchases.
  • Intro Offer:
    • 20% Earn 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $150 back.
    • $100 Earn $100 back after you spend $2,000 in purchases on the Card within the first 6 months of Card Membership.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR for the first 15 months from the date of account opening.
  • Regular APR:
    13.99% - 23.99% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    American Express
  • Details:

    The Blue Cash Everyday® Card from American Express offers strong, year-round cash back on crucial bonus categories like groceries and gas.

    0% introductory plan fee on each purchase moved into a plan during the first 15 months after account opening. After that, your plan fee will be up to 1.33% of each purchase moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase and other factors.

    Your Card gives you the option to carry a balance with interest or pay in full each month. So, whether you're managing your monthly expenses or making a large purchase, you can have the payment flexibility you need while continuing to earn rewards.

    You’ll be eligible for 20% back on purchases at Amazon.com on the card in the first 6 months (up to $150 back). Plus, earn $100 back after you spend $2,000 in purchases on your new card within the first 6 months.

    When you use your Card to reserve and pay for the Entire Rental and decline the collision damage waiver at the rental Company counter, you can be covered for Damage to or Theft of a Rental Vehicle in a Covered Territory.

    Stay in the know with exclusive access to ticket presales and Card Member-only events in a city near you. Check out Broadway shows and concert tours, family and sporting events, and more.

  • Pros:
    • No Annual Fee
    • Provides Gas and Grocery Rewards
    • 0% Intro Offer
    • Welcome Bonus
  • Cons:
    • Balance Transfer Limited
    • Limited Redemption
    • Bonus Cash Backs Capped
    • Card not Ideal for Travelling Abroad
  • Benefits:
    • 3% Сash Back at U.S. supermarkets;
    • 2% Cash Back at U.S. gas stations and select department stores;
    • 1% Cash Back on all other purchases;
    • Earn 20% back on purchases at Amazon.com (up to $150 back);
    • $100 back after you spend $2,000 in purchases on your card within the first 6 months;
    • Car Rental Loss and Damage Insurance;
    • 24/7 Global Assist® Hotline;
    • American Express Experiences;
    • Fraud Protection;
    • Pay It Plan It;
    • Additional Cards.
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Discover Bank Discover it® Cash Back best for Cash Back, 0 APR, No Annual Fee, Young couples, Daily use

Discover it® Cash Back Discover Bank
Our Rating:
5 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 5% Cash Back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
    • 1% Cash Back on all other purchases.
  • Intro Offer:
    • 2x New cardmembers get double Cash Back in the first year (awarded after the first year).
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Intro APR for 14 months from date of account opening.
  • Regular APR:
    11,99% - 22,99% Variable.
  • Balance Transfer APR:
    11,99% - 22,99% Variable.
  • Issuer name:
    Discover Bank
  • Details:

    The Discover it® Cash Back Credit Card offers 5% Cash Back on up to $1,500 spent each quarter on rotating bonus categories like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, each time you activate them. However, you’ll only receive 1% Cash Back on all other purchases. Instead of extending a traditional sign-up bonus to new cardholders, Discover will match all the Cash Back you earn during the first year.

    Discover it Cash Back doesn’t offer some of the benefits that come standard with many other credit cards, including price protection and extended warranty coverage. However, as a cardholder, you have zero-liability fraud protection, plus free access to your FICO credit score and alerts if your Social Security number shows up on a risky website. If someone steals your credit card or you lose it, you can freeze your account from your mobile app or online account, plus get free overnight delivery for your replacement card.

    The Discover it® Cash Back Credit Card has a generous introductory offer: 0% intro APR for 14 months on purchases and balance transfers, and then the ongoing APR of 11.99% - 22.99% Variable APR. The balance transfer fee is an introductory 3% of the amount transferred, but can be as high as 5% on future balance transfers (see terms). That's on par with other balance transfer cards.

  • Pros:
    • No Foreign Transaction Fee
    • Bonus Cash Back categories
    • No annual fee
    • Intro APR period on Purchases and Balance Transfers
  • Cons:
    • Extra Fees
    • Low rewards rate for most purchases
  • Benefits:
    • 5% Cash Back on everyday purchases at different places each quarter;
    • 1% Cash Back on all other purchases;
    • Only Discover® Cashback Match;
    • $0 Fraud Liability;
    • FICO® Credit Score;
    • 24/7 customer service line.
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US bank Visa® Platinum best for 0 APR, No Annual Fee

U.S. Bank Visa® Platinum
Our Rating:
4.35 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR for the first 20 billing cycles.
  • Regular APR:
    14.49% - 24.49% Variable.
  • Balance Transfer APR:
    14.49% - 24.49% Variable.
  • Issuer name:
    US bank
  • Details:

    The U.S. Bank Visa® Platinum Card is a good 0% intro APR and balance transfer card.

    On any balances you transfer over within the first 60 days of opening your account, you will pay 0% intro APR for 20 billing cycles on Balance Transfers (then 14.49% - 24.49%). In order to qualify for 0% APR on balance transfers, they must be made in the first two months of receiving the card.

    Cardholders who pay their cell phone bill every month with the U.S. Bank Visa® Platinum Card will receive this benefit. Cell Phone Protection covers two incidents of cell phone damage or theft, with limits of $600 per incident with a $25 deductible.

    U.S. Bank allows you to choose your payment due date, and offers access to your TransUnion credit score for free if you enroll in online banking. The U.S. Bank Visa Platinum also comes with fraud protection in case of any unusual activity on your account.

  • Pros:
    • Long 0% interest intro offer for purchases and balance transfers
    • No annual fee
    • No penalty APR
  • Cons:
    • Foreign Transaction Fee
    • Fees for late or returned payment
    • No rewards structure
  • Benefits:
    • Cell phone protection;
    • Fraud Protection;
    • Free credit score access;
    • AutoPay;
    • Digital Wallets;
    • Choose Your Payment Due Date;
    • 24/7 Account Access.
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American Express Cash Magnet® best for Cash Back, 0 APR

Cash Magnet® American Express
Our Rating:
3.9 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 1.5% Earn unlimited Cash Back on all purchases.
  • Intro Offer:
    • $200 Earn $200 Back after you spend $2,000 in purchases on your new Card in your first 6 months of Card Membership. You will receive the $200 back in the form of a statement credit.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR for the first 15 months from the date of account opening.
  • Regular APR:
    13.99% - 23.99% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    American Express
  • Details:

    The American Express Cash Magnet® Card is one of the best cash back credit cards. You’ll earn Cash Back on every purchase at a flat rate of 1.5 % back, no matter what you buy. The card also carries a nice welcome bonus and no annual fee.

    0% introductory plan fee on each purchase moved into a plan during the first 15 months after account opening. After that, your plan fee will be up to 1.33% of each purchase moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase and other factors.

    Whenever you travel more than 100 miles from home, Global Assist Hotline is available for 24/7 medical, legal, financial and other select emergency assistance and coordination services, such as medical and legal referrals, emergency cash wires, and missing luggage assistance. Card Members are responsible for the costs charged by third-party service providers.

    Stay in the know with exclusive access to ticket presales and Card Member-only events in a city near you. Check out Broadway shows and concert tours, family and sporting events, and more.

  • Pros:
    • No annual fee
    • 0% Intro APR
    • Uniform Bonus Tier
    • $200 Welcome Bonus
  • Cons:
    • Relatively Low Cash Back Rate
    • Limited Cash Back Reward Redemption
    • Limited Acceptance Globally
    • Foreign transaction fee
    • APR Penalty
  • Benefits:
    • Unlimited 1.5% Cash Back;
    • 0% intro APR;
    • American Express Experiences;
    • 24/7 Travel Assistant;
    • Car Rental Loss and Damage Insurance;
    • Purchase Protection.
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Chase Freedom Unlimited® best for Cash Back, 0 APR, No Annual Fee, Daily use

Chase Freedom Unlimited®
Our Rating:
5 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 5% Cash Back on travel purchased through Chase Ultimate Rewards.
    • 3% Cash back on dining at restaurants, including takeout and eligible delivery services.
    • 3% Cash Back on drugstore purchases.
    • 1.5% Cash Back on all other purchases.
  • Intro Offer:
    • $200 Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
    • 5% Cash Back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Intro APR for the first 15 months that your Account is open.
  • Regular APR:
    14.99% - 23.74% Variable.
  • Balance Transfer APR:
    14.99% - 23.74% Variable.
  • Issuer name:
    Chase
  • Details:

    The Chase Freedom Unlimited® offers 0% introductory APR period (14.99% to 23.74% Variable after that) and a sign-up bonus that’s worth far more than most Cash-Back cards offer — all for an annual fee of $0.

    My Chase PlanSM Fee is (monthly fee) of the amount of each eligible purchase transaction or amount selected to create a My Chase Plan while in the 0% Intro Purchase APR period. After that, monthly fee of 1.72% of the amount of each eligible purchase transaction or amount selected to create a My Chase Plan. The My Chase Plan Fee will be determined at the time each My Chase Plan is created and will remain the same until the My Chase Plan is paid in full.

    The card offers 3% Cash Back on restaurants and drugstore purchases, 5% back on travel booked through Chase and 1.5% back on other purchases.

    Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Enjoy 5% Cash Back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.

  • Pros:
    • No Annual Fee
    • Generous rewards
    • 0% intro APR
    • Sign-up bonus
  • Cons:
    • Foreign Transaction Fee
  • Benefits:
    • Zero Liability Protection;
    • $200 intro bonus;
    • 5 percent Cash Back on all travel purchased via the Chase Ultimate Rewards portal;
    • 3 percent back on dining;
    • 3 percent back at drugstores;
    • 1.5 percent Cash Back on general purchases;
    • Auto Rental Collision Damage Waiver;
    • Trip Cancellation/Interruption Insurance;
    • Travel and Emergency Assistance Services;
    • 24/7 Fraud Protection;
    • Redeem for Cash Back;
    • Gift cards.
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Citi Diamond Preferred® best for 0 APR, No Annual Fee

Diamond Preferred® Citi
Our Rating:
4.1 out of 5
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer .
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR for 18 months from date of account opening.
  • Regular APR:
    13.74% - 23.74% Variable.
  • Balance Transfer APR:
    13.74% - 23.74% Variable.
  • Issuer name:
    Citi
  • Details:

    The Citi Diamond Preferred Card comes with 0% introductory APR offer on both purchases and balance transfers, charges no annual fee and gives cardholders with excellent credit a chance at a relatively low ongoing APR.

  • Pros:
    • 0% Intro APR for 18 months
    • Flexible payment due date
    • No annual fee
    • Free access to FICO® score
  • Cons:
    • No rewards
    • Foreign transaction fee applied
    • Late payment fees
  • Benefits:
    • $0 Liability;
    • Digital Wallets;
    • Citi Entertainment.
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Citi Rewards+® best for Cash Back, No Annual Fee

Citi Rewards+
Our Rating:
4.7 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 2x Points at supermarkets and gas stations (on up to $6,000 in purchases per year, then 1x points).
    • 1x Points on all other purchases.
  • Intro Offer:
    • 20,000x Bonus Points after spending $1,500 within the first 3 months of account opening.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR for 15 months from date of account opening.
  • Regular APR:
    13.49% - 23.49% Variable.
  • Balance Transfer APR:
    13.49% - 23.49% Variable.
  • Issuer name:
    Citi
  • Details:

    The Citi Rewards+ card has no annual fee and you may be eligible for a 0 percent introductory APR offer for 15 months on purchases from the date of account opening, plus 0 percent for 15 months from the date of your first transfer on balance transfers made in your first four months (after that, a 13.49 percent to 23.49 percent variable APR applies, with a 3 percent or $5 minimum balance transfer fee, whichever is greater).

    You’ll also earn 20,000 ThankYou points after spending $1,500 within your first three months as a new cardholder.

    The card has a 3 percent foreign transaction fee. And if you might miss a payment due date, be aware of the up to $40 late payment and returned payment fees.

  • Pros:
    • Get 20,000 welcome bonus points
    • Earn twice the points on groceries and fuel
    • 10% Points Back
    • Round up to the nearest ten points on all purchases
    • 0% APR for 15 months on purchases and balance transfers
    • No annual fee
  • Cons:
    • 3% foreign transaction fee
    • Requires a good credit score to get approval
    • Relatively low cash value of reward points
  • Benefits:
    • $0 Fraud liability;
    • 20,000 Bonus Points;
    • 2x points at supermarkets and gas stations;
    • 1x points on all other purchases;
    • Round Up to the nearest 10 points on every purchase;
    • 10% points back on the first 100,000 points;
    • Gift Cards;
    • Citi Entertainment;
    • Digital Wallets.
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Wells Fargo Platinum Card best for 0 APR

Platinum Card Wells Fargo
Our Rating:
3.31 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% introductory APR for 18 months from date of account opening.
  • Regular APR:
    16.49% - 24.49% Variable.
  • Balance Transfer APR:
    16.49% - 24.49% Variable.
  • Issuer name:
    Wells Fargo
  • Details:

    Platinum Card Wells Fargo has protection features such as Zero Liability protection for promptly reported unauthorized transactions, alerts, cell phone protection.

    My Money Map tools help you to manage spending and create a budget with ease.

    Access to your FICO® Credit Score with Wells Fargo Online.

  • Pros:
    • Zero annual fee
    • 0% Intro APR for 18 months on purchases and balance transfer
    • Access to your FICO® Credit Score with Wells Fargo Online
    • Cellular Telephone Protection
    • Overdraft Protection
  • Cons:
    • No rewards program
    • Foreign transaction fee
  • Benefits:
    • Auto rental collision damage waiver;
    • Roadside dispatch;
    • Travel accident insurance;
    • Travel and emergency assistance services;
    • Cell phone protection.
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Bank of America Cash Rewards best for Cash Back, No Annual Fee, Single mom

Bank of America® Cash Rewards
Our Rating:
5 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 3% Cash Back rewards in a selected purchase category.
    • 2% Cash Back at grocery stores and wholesale clubs.
    • 1% Cash Back on all other purchases.
  • Intro Offer:
    • $200 Online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR for the first 15 Statement Closing Dates following the opening of your account.
  • Regular APR:
    13.99% - 23.99% Variable.
  • Balance Transfer APR:
    13.99% - 23.99% Variable.
  • Issuer name:
    Bank of America
  • Details:

    The Bank of America Cash Rewards Card earns 3% Cash Back in a selected purchase category. Additionally, you’ll earn 2% at supermarkets and wholesale clubs, and 1% everywhere else. If you really want to max out your Cash Back rewards, you’ll need to qualify for a Bank of America Preferred Rewards membership. As a Preferred Rewards member, you can unlock an additional 25% to 75% Cash Back on your purchases.

    The Bank of America Cash Rewards credit card offers a modest $200 Cash-Back bonus after spending $1,000 on purchases within the first 90 days of account opening.

    New cardholders also enjoy 0% APR on purchases and balance transfers for the first 12 billing cycles. To qualify for 0% APR, balance transfers must be completed within 60 days of opening your new account.

    The Bank of America Cash Rewards might be the right card to help you earn some Cash Back on the kinds of purchases you make every week.

  • Pros:
    • No Annual Fee
    • 0% intro APR for purchases and balance transfers
    • Flexible selection of 3% cashback category
    • Preferred Rewards program for Loyal Bank of America customers
    • Intro Bonus
  • Cons:
    • Bonus Category Spending Caps
    • Foreign Transaction Fee
  • Benefits:
    • 3% Cash Back in your choice category;
    • 2% Cash Back at grocery stores & wholesale clubs;
    • 1% Cash Back on all other purchases;
    • $200 cash rewards bonus;
    • $0 Fraud Liability;
    • Overdraft Protection;
    • Digital Wallets;
    • FICO® Score.
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Capital One Quicksilver best for Cash Back, 0 APR, No Annual Fee, Daily use

Quicksilver Capital One
Our Rating:
4.47 out of 5
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • 1.5% Cash Back on every purchase.
  • Intro Offer:
    • $200 Cash Bonus once you spend $500 on purchases within 3 months from account opening.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR for the first 15 months that your account is open.
  • Regular APR:
    15.49% - 25.49% Variable.
  • Balance Transfer APR:
    15.49% - 25.49% Variable.
  • Issuer name:
    Capital One
  • Details:

    The Quicksilver from Capital One credit card offers a flat 1.5% Cash Back on all purchases with a $0 annual fee. It also offers a 0% intro on purchases for 15 months, followed by the standard APR of 15.49% - 25.49% (Variable).

    New cardholders will have the opportunity to earn a bonus: One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.

    The Capital One Quicksilver card maintains its simplicity with redeeming rewards, too. Customers can request cash back at any amount, redeemable as a check or statement credit. Cardholders also have the option of setting up automatic redemptions, beginning with a $25 minimum cashout. You can also link your rewards account with Amazon.com to apply rewards towards Amazon purchases at a penny a piece in value.

    Cardholders can also redeem rewards for gift cards at variable rates. Like the Amazon option, you’d be better off buying the gift card you need instead of redeeming rewards directly.

    You’ll be able to snag exclusive travel and entertainment opportunities like pre-sale tickets through Capital One Access. Plus, you can access a variety of 24/7 services like travel assistance, roadside assistance and complimentary concierge assistance.

  • Pros:
    • No minimum redemption is required
    • No annual fee
    • No foreign transaction fees
    • Intro APR period on Purchases
    • Generous sign-up bonus
  • Cons:
    • No bonus rewards categories
    • Other cards offer longer intro APR periods and/or lower APR
    • You need a good credit score to get this card
  • Benefits:
    • $200 Cash Bonus;
    • Unlimited 1.5% Cash Back on every purchase;
    • $0 Fraud Liability;
    • Complimentary Concierge Service;
    • Travel Accident Insurance;
    • 24-hour Travel Assistance Services;
    • Capital One Shopping;
    • Shop With Your Rewards.
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Capital One VentureOne Rewards best for Rewards, No Annual Fee, Daily use

VentureOne Rewards Capital One
Our Rating:
3.67 out of 5
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • 1.25x Miles per dollar on all purchases.
  • Intro Offer:
    • 20,000x Bonus miles once you spend $500 on purchases within the first 3 months from account opening.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR for the first 12 months that your account is open.
  • Regular APR:
    15.49% - 25.49% Variable.
  • Balance Transfer APR:
    15.49% - 25.49% Variable.
  • Issuer name:
    Capital One
  • Details:

    The Capital One VentureOne credit card provides moderate rewards with an unlimited 1.25 Venture Miles per dollar spent and a welcome bonus: Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel. It also offers a 0% intro on purchases for 12 months, 15.49% - 25.49% variable APR applies after that.

    You’ll be given either a Visa Platinum or Visa Signature version of this card. The version you get will depend on your credit limit when approved: Visa Platinum cards are for credit limits less than $5,000, and Visa Signature is for $5,000 and above. The credit limit you get will depend on your creditworthiness when you apply.

    You can book hotels, flights and rental cars using your Capital One miles by logging into capitalone.com and visiting the reward center.

    You can also use your card to book travel reservations through another service or website and then redeem your miles for a statement credit to cover a wide range of travel purchases that you’ve made over the past 90 days. Only purchases that fall under the travel merchant code will qualify, but generally, it includes airlines, hotels, rental cars, cruises, limo services, timeshares and more.

    If you don’t want to redeem your miles for travel, you can also cash them out in the form of a statement credit, check, gift cards, Amazon.com or PayPal purchases and more.

  • Pros:
    • No foreign transaction fees
    • Intro purchase APR
    • No annual fee
    • Good welcome bonus
    • Flexible redemption options
  • Cons:
    • Low rewards rate
    • No intro APR on balance transfers
  • Benefits:
    • 1.25 miles per dollar on every purchase;
    • 20,000 bonus miles;
    • $0 Fraud Liability;
    • The Eno assistant;
    • Auto Rental Collision Damage Waiver;
    • Travel Accident Insurance;
    • Transfer Your Miles;
    • Capital One Shopping;
    • Shop With Your Rewards;
    • Emergency Card Replacement;
    • 24/7 Customer Service;
    • Premier Culinary Experiences;
    • Must-See Music Events;
    • Big-time Sports Events.
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Chase Freedom Flex℠ best for Cash Back, 0 APR, No Annual Fee, Daily use

Chase Freedom Flex℠
Our Rating:
5 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 5% Cash Back on up to $1,500 on combined purchases in bonus categories each quarter you activate.
    • 5% Cash Back on travel purchased through Chase Ultimate Rewards.
    • 3% Cash Back on dining at restaurants, including takeout and eligible delivery services.
    • 3% Cash Back on drugstore purchases.
    • 1% Cash Back on all other purchases.
  • Intro Offer:
    • $200 Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
    • 5% Cash Back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Intro APR for the first 15 months that your Account is open.
  • Regular APR:
    14.99% - 23.74% Variable.
  • Balance Transfer APR:
    14.99% - 23.74% Variable.
  • Issuer name:
    Chase
  • Details:

    The Chase Freedom Flex card offers Cash Back in a wide variety of categories.

    You’ll earn 5% Cash Back on travel (through the Chase Ultimate Rewards travel service, and also for Lyft rides). Plus, earn 5% Cash Back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. You’ll also get 3% Cash Back on restaurant purchases, on drugstore purchases and 1% Cash Back on all other purchases.

    Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.

    The card offers a 15-month 0% annual percentage rate for purchases, after which the APR is 14.99% - 23.74% Variable. Unfortunately, the card does not offer an introductory APR on balance transfers. The card charges no annual fee but 5%, or a $5 minimum fee, on balance transfers.

    My Chase PlanSM Fee is 0% of the amount of each eligible purchase transaction or amount selected to create a My Chase Plan while in the 0% Intro Purchase APR period. After that, monthly fee of 1.72% of the amount of each eligible purchase transaction or amount selected to create a My Chase Plan. The My Chase Plan Fee will be determined at the time each My Chase Plan is created and will remain the same until the My Chase Plan is paid in full.

  • Pros:
    • $200 sign-up bonus
    • High cash back rewards on quarterly rotating bonus categories
    • Decent cash back rewards on select spending categories
    • 0% intro APR on purchases
    • No annual fee
  • Cons:
    • Foreign transaction fee
    • Rotating spending categories require activation
    • No intro APR on balance transfers
  • Benefits:
    • 5% Cash Back on grocery store purchases;
    • 5% Cash Back on up to $1,500 on combined purchases in bonus categories;
    • 5% Cash Back on travel purchased through Chase Ultimate Rewards;
    • 3% Cash Back on dining at restaurants, including takeout and eligible delivery services;
    • 3% Cash Back on drugstore purchases;
    • 1% Cash Back on all other purchases;
    • $200 Cash Back;
    • Zero Liability Protection;
    • Extended Warranty Protection;
    • Trip Cancellation/Interruption Insurance;
    • Cell Phone Protection;
    • Auto Rental Collision Damage Waiver;
    • Travel and Emergency Assistance Services.
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Citi Double Cash best for Cash Back, No Annual Fee, Daily use

Double Cash Citi
Our Rating:
4.79 out of 5
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • 2% Cash Back on every purchase with unlimited 1% Cash Back when you buy, plus an additional 1% as you pay for purchases.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    None
  • Regular APR:
    13.99% - 23.99% Variable.
  • Balance Transfer APR:
    13.99% - 23.99% Variable.
  • Issuer name:
    Citi
  • Details:

    The Citi® Double Cash Credit Card offers a few concrete ways in which you can better your financial situation, improve your credit card habits and enjoy cash back rewards without the fuss of tracking rotating categories.

    In order to receive an additional 1 percent cash back rewards for your purchases (on top of the automatic 1 percent cash back you earn), you must pay off the balance you owe.

    In addition to being a cash back card, the Citi Double Cash doubles as a balance transfer credit card. The 18-month 0 percent introductory APR offer on balance transfers (13.99 percent to 23.99 percent variable APR after) is one of the longest balance transfer periods currently available. Keep in mind, if you take advantage of the offer, you’ll still owe either $5 or a 3 percent fee, whichever is greater. Additionally, balance transfers must be made in the first four months of account opening to qualify for the rate.

    For reference, if you had $2,000 in credit card debt and transferred it to the Citi Double Cash, you could pay just over $111 a month for 18 months and completely wipe out your debt — all without paying a dime in interest. Bear in mind, you’d also owe a balance transfer fee.

    The Citi Double Cash extends a myriad of security and fraud protections.Get $0 fraud liability, 24-hour fraud protection, Citi Identity Theft Solutions and Lost Wallet Service — meaning Citi will replace your lost card within 24 hours and provide you with emergency cash in the meantime.

    Citi Entertainment gets you access to presale tickets, events and more, whether it be a music festival, professional football game or high-end restaurant experience.

  • Pros:
    • Flat-rate Cash Back Rewards on Everything
    • High Rewards Rate
    • No annual fee
    • Attractive Intro APR on Balance Transfers
  • Cons:
    • No welcome bonus offer or introductory APR on purchases
    • Losing your 1% Cash-Back Is Pretty Easy
    • Foreign transaction fee
    • Balance Transfer Fee
  • Benefits:
    • Citi Entertainment;
    • 2% Cash Back on every purchase;
    • Fraud Protection;
    • The Lost Wallet Service;
    • $0 Liability for Unauthorized Charges.
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Discover Bank Discover it® Miles best for Low Interest, Daily use

Discover it® Miles Discover Bank
Our Rating:
4.06 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 1.5x Miles on every dollar of every purchase.
  • Intro Offer:
    • Discover Match®:
    • Discover will automatically match all the miles you've earned — essentially doubling your rewards for that period. For example, if you earn 35,000 miles throughout the year, Discover will match it and increase your rewards balance to 70,000 miles.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Intro APR for 14 months from date of account opening.
  • Regular APR:
    11,99% - 22,99% Variable APR.
  • Balance Transfer APR:
    10,99% APR for 14 months from date of first transfer. 11,99% - 22,99% Variable APR.
  • Issuer name:
    Discover Bank
  • Details:

    The Discover it® Miles is a travel credit card.

    Cardholders will automatically earn unlimited 1.5x miles per dollar spent on all purchases. There is no annual fee, no foreign transaction fees, no penalty APR and no first late payment fee (none the first time you pay late. After that, up to $40).

    Discover will automatically match all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles.

    The card offers 0% Intro APR for 14 months on purchases and 10.99% APR for 14 months on balance transfers. Thereafter, the card’s standard purchase APR will apply (11.99% - 22.99% Variable).

  • Pros:
    • No annual fee
    • Rewards Rate
    • Unlimited Match for Miles in the First Year
    • Intro APR
    • Flexible Redemption Options
    • No Foreign Transaction Fee
  • Cons:
    • Limited International Acceptance
    • Relatively High Credit Score Required
  • Benefits:
    • Discover Match®;
    • Unlimited 1.5x miles;
    • $0 Fraud Liability;
    • Free FICO Score Each Month.
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HSBC Gold Mastercard® best for 0 APR, Low Interest

Gold Mastercard® HSBC Bank
Our Rating:
3.61 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • This card doesn't offer cash back, miles or points.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    0% Introductory APR will apply for the first 18 months from Account opening.
  • Regular APR:
    13.99% - 23.99% Variable.
  • Balance Transfer APR:
    13.99% - 23.99% Variable.
  • Issuer name:
    HSBC
  • Details:

    The HSBC Gold Mastercard is a solid option for a credit card with 0 percent intro APR on purchases and balance transfers for the first 18 months (13.99 percent to 23.99 percent variable thereafter). This card also does not charge an annual fee, charges no penalty APR for missed payments and waives some late fees.

    If your balance transfer exceeds your HSBC Gold Mastercard credit limit, your request may be canceled. You also need to make your transfer within 60 days of account opening and pay a balance transfer fee of $10 or 4 percent, whichever is greater.

    The HSBC Gold also provides fraud protection, extended warranties up to an additional year, and coverage on most purchases up to $1,000 against accidental damage or theft for 90 days after the purchase. Plus, price protection will refund the difference if you make a purchase and find it advertised for less within 60 days of your purchase. In addition, you can see one of your FICO 8 Credit Scores for free with this card. This is based on your Equifax credit report.

    Because it is a Mastercard, you’ll benefit from Mastercard Airport Concierge. With this perk, you’ll get a 15% discount on Airport Meet and Greet services. Airport concierges are available to escort you through the terminal, and may make your trip through security or immigration faster.

  • Pros:
    • 0% Intro APR for the first 18 months on balance transfers and purchases
    • No Annual Fee
    • No Foreign Transaction Fee
    • No penalty APR
    • Late fee waiver
    • Zero Liability Policy
  • Cons:
    • No rewards
    • High balance transfer fee
  • Benefits:
    • FICO® score;
    • Zero Liability for Unauthorized Purchases;
    • Mastercard ID Theft Protection;
    • Priceless Cities;
    • Priceless Golf;
    • Travel Accident Insurance;
    • Mastercard Airport Concierge;
    • MasterRentalTM Coverage.
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WebBank Petal® 2 “Cash Back, No Fees” Visa® best for Beginner, No history

Petal® 2 “Cash Back, No Fees” Visa® WebBank
Our Rating:
3.8 out of 5
scorer
Recommended credit score
Fair to Excellent (580-799)
  • Rewards Rate:
    • 1% - 1.5%:
    • Cash Back after making 12 on-time monthly payments.
    • 2% - 10%:
    • Cash Back from select merchants.
  • Intro Offer:
    • No current offer.
  • Annual Fee:
    None
  • Purchase Intro APR:
    None
  • Regular APR:
    12.99% - 26.99% Variable.
  • Balance Transfer APR:
    None
  • Issuer name:
    WebBank
  • Details:

    The Petal 2 Card has no fees of any kind and is designed to help you build credit.

    The credit limit is from $500 - $10000.

    Grow your credit score with responsible spending and on-time payments.

    Get 1% cash back right away. Earn up to 1.5% when you pay on time. Plus 2% - 10% bonus cash back at select merchants.

    Freeze your card at any time to protect your account. And rest easy knowing your data is safe and encrypted.

  • Pros:
    • No annual fee
    • No returned payment fee
    • No foreign transaction fee
    • You can apply even if you have no credit history
    • No late fees
  • Cons:
    • No signup bonus
    • Cash advances are not permitted
    • Those who filed for bankruptcy may be rejected
    • Balance transfers are not allowed
    • No intro APR offer
  • Benefits:
    • No foreign transaction fee;
    • Petal 2 reports to all 3 major credit bureaus;
    • Qualify with average credit.
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Short Review of Best Low Interest Credit Cards

NameBest forPurchase APRBalance Transfer APRRewards RateApply
Triple Cash Rewards Visa®
3.84
8.99% - 29.99% Regular.
  • 3% Cash Back on Home, Auto and Health categories.
  • 1% Cash Back on everything else.
  • Apply now
    On Upgrade‘s website
    Cash Rewards
    2.96
    8.99% - 29.99% Regular.
  • 1.5% Cash Back on payments.
  • Apply now
    On Upgrade‘s website
    Surge Secured Mastercard® from Celtic Bank
    3.3
    19.99% Variable.
  • 1% Cash Back rewards for each $1 spent using your Surge Mastercard.
  • Apply now
    On Celtic Bank‘s site
    First Progress Platinum Prestige Mastercard® Secured from Synovus Bank
    3.8
    For bad credit9.99% Variable.
  • This card doesn't offer cash back, miles or points.
  • Apply now
    On Synovus Bank‘s site
    First Progress Platinum Select MasterCard® Secured from Synovus Bank
    3.5
    13.99% Variable.
  • This card doesn't offer cash back, miles or points.
  • Apply now
    On Synovus Bank‘s site
    Deserve® EDU Mastercard from Celtic Bank
    3.5
    Cash Back, Low Interest, Without SSN, Student18.74% Variable.
  • 1% Cash Back on all purchases with your Deserve EDU Mastercard. Once approved, you'll automatically start earning Cash Back on all purchases.
  • Apply now
    On Celtic Bank‘s site
    First Progress Platinum Elite Mastercard® Secured from Synovus Bank
    3.3
    First time applicants19.99% Variable.
  • This card doesn't offer cash back, miles or points.
  • Apply now
    On Synovus Bank‘s site
    Secured Visa® from Merrick Bank
    3.2
    17.45% Variable.
  • This card doesn't offer cash back, miles or points.
  • Apply now
    On Merrick Bank‘s site
    Double Your Line™ Platinum Visa® from Merrick Bank
    4.1
    19.45% - 28.45% Variable.
  • This card doesn't offer cash back, miles or points.
  • Apply now
    On Merrick Bank‘s site
    Double Your Line® Secured Visa from Merrick Bank
    1.42
    17.45% Variable.
  • This card doesn't offer cash back, miles or points.
  • Apply now
    On Merrick Bank‘s site
    Gold Preferred® Secured Visa® from Applied Bank
    2.41
    18 year old9.99% Regular.
  • This card doesn't offer cash back, miles or points.
  • Apply now
    On Applied Bank‘s site
    Evolve℠ from Sallie Mae Bank
    5
    12.99% - 24.99% Variable APR.12.99% - 24.99%
  • 2% Cash Back on your two highest-spending eligible categories per month.
  • 1.5% Cash Back on everything else.
  • Apply now
    On Sallie Mae Bank‘s site
    Blue Cash Everyday® from American Express
    3.5
    Cash Back, Gas, 0 APR, No Annual Fee, Families, Shopping, Groceries13.99% - 23.99% Variable.
  • 3% Cash Back on groceries, on up to $6,000 per year in purchases.
  • 2% Cash Back on gas.
  • 2% Cash Back at select department stores.
  • 1% Cash Back on other purchases.
  • Learn more
    Discover it® Cash Back from Discover Bank
    5
    Cash Back, 0 APR, No Annual Fee, Young couples, Daily use11,99% - 22,99% Variable.11,99% - 22,99%
  • 5% Cash Back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
  • 1% Cash Back on all other purchases.
  • Learn more
    Visa® Platinum from US bank
    4.35
    0 APR, No Annual Fee14.49% - 24.49% Variable.14.49% - 24.49%
  • This card doesn't offer cash back, miles or points.
  • Learn more
    Cash Magnet® from American Express
    3.9
    Cash Back, 0 APR13.99% - 23.99% Variable.
  • 1.5% Earn unlimited Cash Back on all purchases.
  • Learn more
    Freedom Unlimited® from Chase
    5
    Cash Back, 0 APR, No Annual Fee, Daily use14.99% - 23.74% Variable.14.99% - 23.74%
  • 5% Cash Back on travel purchased through Chase Ultimate Rewards.
  • 3% Cash back on dining at restaurants, including takeout and eligible delivery services.
  • 3% Cash Back on drugstore purchases.
  • 1.5% Cash Back on all other purchases.
  • Learn more
    Diamond Preferred® from Citi
    4.1
    0 APR, No Annual Fee13.74% - 23.74% Variable.13.74% - 23.74%
  • This card doesn't offer cash back, miles or points.
  • Learn more
    Rewards+® from Citi
    4.7
    Cash Back, No Annual Fee13.49% - 23.49% Variable.13.49% - 23.49%
  • 2x Points at supermarkets and gas stations (on up to $6,000 in purchases per year, then 1x points).
  • 1x Points on all other purchases.
  • Learn more
    Platinum Card from Wells Fargo
    3.31
    0 APR16.49% - 24.49% Variable.16.49% - 24.49%
  • This card doesn't offer cash back, miles or points.
  • Learn more
    Cash Rewards from Bank of America
    5
    Cash Back, No Annual Fee, Single mom13.99% - 23.99% Variable.13.99% - 23.99%
  • 3% Cash Back rewards in a selected purchase category.
  • 2% Cash Back at grocery stores and wholesale clubs.
  • 1% Cash Back on all other purchases.
  • Learn more
    Quicksilver from Capital One
    4.47
    Cash Back, 0 APR, No Annual Fee, Daily use15.49% - 25.49% Variable.15.49% - 25.49%
  • 1.5% Cash Back on every purchase.
  • Learn more
    VentureOne Rewards from Capital One
    3.67
    Rewards, No Annual Fee, Daily use15.49% - 25.49% Variable.15.49% - 25.49%
  • 1.25x Miles per dollar on all purchases.
  • Learn more
    Freedom Flex℠ from Chase
    5
    Cash Back, 0 APR, No Annual Fee, Daily use14.99% - 23.74% Variable.14.99% - 23.74%
  • 5% Cash Back on up to $1,500 on combined purchases in bonus categories each quarter you activate.
  • 5% Cash Back on travel purchased through Chase Ultimate Rewards.
  • 3% Cash Back on dining at restaurants, including takeout and eligible delivery services.
  • 3% Cash Back on drugstore purchases.
  • 1% Cash Back on all other purchases.
  • Learn more
    Double Cash from Citi
    4.79
    Cash Back, No Annual Fee, Daily use13.99% - 23.99% Variable.13.99% - 23.99%
  • 2% Cash Back on every purchase with unlimited 1% Cash Back when you buy, plus an additional 1% as you pay for purchases.
  • Learn more
    Discover it® Miles from Discover Bank
    4.06
    Low Interest, Daily use11,99% - 22,99% Variable APR.10,99% - 22,99%
  • 1.5x Miles on every dollar of every purchase.
  • Learn more
    Gold Mastercard® from HSBC
    3.61
    0 APR, Low Interest13.99% - 23.99% Variable.13.99% - 23.99%
  • This card doesn't offer cash back, miles or points.
  • Learn more
    Petal® 2 “Cash Back, No Fees” Visa® from WebBank
    3.8
    Beginner, No history12.99% - 26.99% Variable.
  • 1% - 1.5%:
  • Cash Back after making 12 on-time monthly payments.
  • 2% - 10%:
  • Cash Back from select merchants.
  • Learn more

    American Express Blue Cash Everyday®

    The Blue Cash Everyday® from American Express comes with a 15-month 0% APR offer on purchases, and the ongoing, variable APR is 13.99% - 23.99%. It’s for people who spend a lot on groceries and gas as it has high rewards rates for these categories.

    Read more about American Express Blue Cash Everyday®

    Discover Bank Discover it® Cash Back

    This card offers the whole package and is the best one within this category. Not only the variable APR is low (11.99% - 22.99%), but also there is a 14-month 0% APR offer on purchases and balance transfers. A generous 5% rewards rate in quarterly rotating bonus categories is part of the deal too. Your cash back will be matched at the end of the first year. So, you’ll get a low interest and high rewards for a no annual fee.

    Read more about Discover Bank Discover it® Cash Back

    US bank Visa® Platinum

    The US bank Visa® Platinum is the card with the longest 0% interest period – 20 billing cycles, and it's for both balance transfers and purchases. After the intro period ends, the variable APR is 14.49% - 24.49%, slightly higher than of the other cards on this list. But that won't make much difference if you manage to pay off most of your debt during the intro period.

    Read more about US bank Visa® Platinum

    American Express Cash Magnet®

    The American Express Cash Magnet® is a simple cash back credit card that also offers low-interest rates. If you have a big purchase coming, you can take advantage of its 15-month 0% APR offer. The ongoing, variable APR is 13.99% - 23.99%. The cash back rate is 1.5% on all purchases, and the Plan It® and Pay It® feature can help you manage your balance (it comes with a small monthly fee).

    Read more about American Express Cash Magnet®

    Chase Freedom Unlimited®

    This card offers new cardholders 0% APR on purchases for 15 months, and the variable APR is 14.99% - 23.74%. Additionally, it earns you 5% cash back on travel (if purchased through Chase Ultimate Rewards), 3% on dining and drugstores and an unlimited 1.5% cash back on all purchases. There's a $200 sign-up bonus too.

    Read more about Chase Freedom Unlimited®

    Citi Diamond Preferred®

    If you’re looking for a low-interest card that is also good for a balance transfer, the Citi Diamond Preferred® is worth considering. It offers a lengthy interest-free period (18 months) on balance transfers and purchases. The variable APR after is 14.74% - 24.74%. If you want to monitor your credit score, this card gets you free access to it.

    Read more about Citi Diamond Preferred®

    Citi Rewards+®

    If you want to earn rewards and transfer your balance to a low-interest card, you should opt for Citi Rewards+®. The 0% APR offer on balance transfers and purchases gives new cardholders a 15-month break from interest. After, they'll pay an ongoing variable APR of 13.49% - 23.49%. Regarding the rewards program, it'll earn you 2x points at supermarkets, and gas stations and 1x on everything else. It also includes a few other features that give your rewards a boost.

    Read more about Citi Rewards+®

    Wells Fargo Platinum Card

    The Wells Fargo Platinum Card is another great card that'll give you a breathing space both on balance transfers and purchase interest. After the 0% APR offer that lasts for 18-months ends, the variable APR is 16.49% - 24.49%. If you're looking to improve your budgeting skills Wells Fargo's My Money Map is a great tool.

    Read more about Wells Fargo Platinum Card

    Bank of America Cash Rewards

    The Bank of America Cash Rewards offers you a 15-month 0% introductory annual percentage rate (APR). The promotional offer is valid for balance transfers and purchases (a variable APR of 13.99% - 23.99% after). What's more, this card has a very flexible rewards program in which you can choose the bonus category that'll earn you 3% cash back. There's also 2% cash back at grocery stores and wholesale clubs and 1% on all other purchases. Purchases that earn you 2% and 3% have a combined spending limit of $2,500 for each quarter.

    Read more about Bank of America Cash Rewards

    Capital One Quicksilver

    The Capital One Quicksilver can help you finance your next big purchase while earning you an unlimited 1.5% cash back on all purchases. The promo 0% interest offer lasts for 15 months after account opening and after the variable APR is 15.49 - 25.49%.

    Read more about Capital One Quicksilver

    Capital One VentureOne Rewards

    If you love traveling but hate high interest (who doesn't?!), you're going to like the Capital One VentureOne Rewards, one of the top travel rewards cards. New cardholders can get a year of the interest-free period for purchases, while the ongoing variable APR is 15.49% to 25.49%. As for the rewards, this card will earn you 1.25 miles per dollar on all purchases, and there are several redemption options.

    Read more about Capital One VentureOne Rewards

    Chase Freedom Flex℠

    Besides low interest, the Chase Freedom Flex℠ also offers great rewards. Its 15-month 0% APR on purchases is great if you're eyeing something pricey, like a new laptop. After that, you'll be charged a variable APR of 14.99% - 23.74%. There's a generous 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back at restaurants (including takeout and delivery) and drugstores, and 1% cash back on everything else.

    Read more about Chase Freedom Flex℠

    Citi Double Cash

    As its name says, Citi Double Cash earns you double cash back, 1% when you buy and 1% when you pay for the purchase. It has a great, 18-month 0% APR for balance transfers, while the ongoing APR is 13.99% - 23.99%. Based on their creditworthiness, some cardholders might be eligible for the Citi Flex Plan, with which you can pay off your purchases with fixed monthly payments, and you can also borrow from your credit line.

    Read more about Citi Double Cash

    Discover Bank Discover it® Miles

    The Discover it® Miles has two great offers, one for purchases and one for balance transfers. You will get a 14-month interest-free period for purchases, and a 14-month intro 10.99% APR for balance transfers. The regular, variable APR for both is 11.99% - 22.99%. You'll earn 1.5 miles per dollar spent, and Discover It will double them at the end of the first year.

    Read more about Discover Bank Discover it® Miles

    HSBC Gold Mastercard®

    The HSBC Gold Mastercard® offers a lengthy zero-interest period on balance transfers and purchases. There's a 0% APR for 18 months, and after the variable, the ongoing rate is 13.99% - 23.99%. Another great thing about this card is that it has no penalty APR and you get one waived late fee per year. However, it lacks a rewards program, and its 4% balance transfer fee is slightly higher than the usual 3%.

    Read more about HSBC Gold Mastercard®

    WebBank Petal® 2 “Cash Back, No Fees” Visa®

    This card is truly a no-fee card, and you can qualify for it even with average credit. Although it's a card for beginners, there's no security deposit. The variable APR is 12.99% - 26.99%. You can also earn up to 1.5% cashback on all purchases.

    Read more about WebBank Petal® 2 “Cash Back, No Fees” Visa®

    What do interest rate and APR mean, and how do they work?

    Unless you pay your balance in full every month, credit card companies will charge you interest. This interest is usually expressed as the annual percentage rate (APR). This APR is variable, which means it will occasionally change based on the prime rate.

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    For example, the current (May 2021) prime rate in the U.S. is 3.25%, so if your credit card charges the prime rate plus 10%, the APR will be 13.25%.

    You will only be charged interest if you don't pay your balance on time, and the APR will be applied to the remaining, unpaid balance on your credit card. The credit card company will add that charge to your balance. So if you make a habit of carrying your balance month-to-month you'll end up paying interest on your interest. Things could easily get out of control, which is why you need to be careful even with low-interest credit cards.

    How does APR differ from the monthly interest rate?

    You can notice that the first letter in APR stands for annual (percentage rate). However, if your APR is 18%, that's not the monthly interest rate you'll get charged on your balance. Instead, it's simply that rate divided by 12. So, you'll pay 18%/12 = 1.5% interest rate on your outstanding balance every month. You calculate your daily periodic rate in the same way, you just divide with 365, instead of 12. It will be 18%/365 = 0.049%.

    Let’s go through a short example to better understand how APR works. John has a $2,000 balance on his credit card. He pays off his balance in equal installments, $60 each month. The APR he pays on his balance is 20.29% (current average APR in the U.S.). That is how the numbers of his credit card debt will look for the first month:

    Principal$2,000
    Payment (2% of balance)$60
    Monthly interest($2,000 x 20.29%)/12 months = $33.82
    Principal repayment$60 - $33.82 = $26.18
    Remaining balance$2,000 - $26.18 = $1,973.82

    With this tempo, it will take John nearly four years to pay off his balance, assuming he doesn't add up to it in the meantime. He will pay $837 in interest during that period, which is almost half of his principal amount.

    How does your credit score affect your interest rate?

    We mentioned above that the prime rate determines the APR, which is correct, but also your credit score will further define the interest rate you'll pay. Each credit company discloses a variable APR range, and which APR you get within that range will depend on your creditworthiness. Your creditworthiness is measured by your credit score.

    Credit scores show companies how 'risky' you are, how likely it is that you're going to make all your payments on time if given new credit. A high credit score means that you've managed debt well in the past, and you will get an APR that’s closer to the lower range limit. On the other hand, a low credit score will signal banks that you might default on a loan. They will set a higher APR to compensate for the risk and get most of the loan back early on.

    Usually, your FICO score will be taken into account when calculating your APR. A score above 670 is considered a good score, while a score above 740 is considered excellent. Credit card companies don't reveal the interest rate assigned for each credit score. You'll know that only after you apply for the card. Generally, you can expect to get a lower APR for a good credit score and a high one with a bad credit score.

    How to compare low-interest credit cards?

    If you're looking into low-interest credit cards, it means you want to save money, and you think you might carry a balance on your credit card. Or you just want to protect yourself from an unexpected cost, like your car breaking down or a medical bill. Whatever the reason, it’s important to find the right card that will be the best deal for you. We’ll give you a few tips on how to compare them:

    1. Do you need a 0% APR offer along with the low interest? – Is it important to you that the card has a 0% APR period? You might want to transfer a high-interest balance and take advantage of the interest-free period for some time. Or you are planning a large purchase, so it matters that the card has a 0% APR on purchases. The US bank Visa® Platinum and the Citi Diamond Preferred® have the lengthiest intro offers, both for balance transfers and purchases, 20 and 18 months each respectively.
    2. Interest rates – Compare the ongoing APRs of each card, and also consider your credit score which will determine your interest rate. Intro APR offers are still only short-term. What matters in the long term, if you keep a balance, is the regular APR.
    3. Fees and charges – Since your goal is saving money, you probably want to avoid any fees. First, consider the annual fee, which might outweigh the money you save on interest. All credit cards on our list are without annual fees. Then, there is the balance transfer fee, and if you're planning to transfer a balance to your new card, you should include it in your calculation. The Navy Federal nRewards Secured doesn’t have a balance transfer fee. Lastly, there are late and penalty fees which you can avoid by making at least the minimum payment on time.
    4. Rewards and benefits – Several of the cards on our list are rewards credit cards that have great deals on interest for purchases and balance transfers. So, it's possible to get a card that not only saves you money but it also earns you some.

    Making the most of your low-interest credit card

    To make the most out of your low-interest credit card, you should first take advantage of the 0% intro APR offer if it has one. Try to pay as much as you can during this period. After the period ends and if you are still carrying a balance, make an effort to pay well above your minimum payment. Of course, we advise you to pay at least the amount of the minimum payment each month to avoid late and penalty fees. In any case, carrying a balance on your credit card is never cheap, and you should manage it responsibly.

    Common APR Myths

    Let’s go through some popular myths involving APR and credit cards. We'll clarify them because believing false statements about APRs can end up costing you money.

    Myth #1 – My credit score is not that important

    We are sorry to be the ones telling you this – but your credit score matters. It's the greatest factor when the credit card company is deciding whether or not you'll get approved for the card, and later it also impacts the APR you will get. If you don't believe us, look at this table of effective interest rates that consumers with different credit scores have gotten.

    Credit score categoryEffective interest rate
    Deep Subprime (579 or lower)21.0%
    Subprime (580 - 619)20.5%
    Near Prime (620 - 659)19.0%
    Prime (660 - 719)16.5%
    Super Prime (720 or greater)13.5%
    Overall15.6%

    Source: CFPB's Consumer Credit Card Market Report

    Myth #2 – So what if I miss a payment now and then, it’s not a big deal

    Except that - it IS a big deal. First, it will affect your credit score, and we think you know how much damage a lower credit score can make. Then, let’s not forget about the penalty APR if your card has one, which is very probable that it will, as most credit cards do. The penalty APRs are much higher than the regular APRs and vary between 25% - 30%. So, if you forget or simply leave a balance hanging, you can find yourself buried in debts. Assume you have a $5,000 balance on a credit card that you're unable to pay off. Let's say that the penalty APR is 25%. If you trigger it, one year, you'll owe $6,250. Do you still believe missing payments is not a big deal? And we haven't even mentioned the late fees you could get charged with.

    FAQ

    • What is the best credit card with the lowest interest rate?

      Unfortunately, we cannot answer this as the interest rate depends on your choice of credit card, your credit score, and your overall financial situation. Follow our tips on how to compare low-interest rate credit cards to find the best one for you.
    • What are other credit cards to consider?

      Other great low-interest credit cards are the Discover it® chrome, BankAmericard®, and the TSB Advance Mastercard®.
    • How to calculate the monthly interest rate?

      To find out your monthly interest rate you simply need to divide your APR (annual percentage rate) by 12. For example, if your APR is 18%, the monthly rate will be 18% / 12 = 1.5%.

    Financial and product expert

    hv@myfin.us