Trending Now :

What Does the Hot Inflation Report Mean for the Housing Market How Do You Build Wealth: Invest in Yourself Times Up for Programmed Money Biggest Financial Crimes: Countrywide Quantitative Tightening, Inflation, & More The Stock Market Is On Sale Investors Need to Netflix and Chill Credit Card Fixed-Interest Loans: Explained Are You Money Smart? Build Your Credit for Free Filing Your Taxes in 2022 Credit Cards that Offer 2% Cashback on All Purchases Navient Ordered to Cancel Student Loans U.S. Mortgage Interest Rates Soaring Two Big Banks Cut Overdraft Fees 2022 IPO DRAFT CLASS: Ranking the Top 10 Prospects Re-Drafting the 2021 IPO Draft All You Need to Know about Buy Now Pay Later companies Credit Card Sign-Up Bonus or SUB The Best Credit Card for the Middle-Class Make An All-cash Offer with No Cash Capitalism Always Ignores Politics All You Need to Know about the Financial crisis of 2007-2008 American Families Face Serious Rent Burden Savings Is An Expense You Can’t Build Generational Wealth If You Are Broke IT’S OFFICIAL: Robinhood is a Meme Stock All You Need to Know About Biden Mortgage Modifications & Payment Reductions Apple Card 2nd Year Anniversary: Should You Get It Now Wells Fargo to Pull Customers Personal Lines of Credit The Rise of Individual Investors The US Housing Market Is Booming. Is a Crash Ahead? Financial Literacy: How to Be Smart with Your Money Non-Fungible Token (NFT):EXPLAINED SKYROCKETED CEO PAY & LONG LINES AT FOOD BANKS Amazon Workers Want to Unionize Another Major City Piloted Universal Basic Income The New Bubble: SPACs SUBMIT YOUR PPP ROUND 2 APPLICATION BEFORE MARCH 31ST Robinhood-GameStop Hearing & Payment for Order Flow Guess Who’s Coming to Main Street Democratic Senators Say No to $15 Minimum Wage BEZOS OUT! President Biden Most Impressive Act Went Unnoticed: CFPB Biden $1.9 Trillion Stimulus Package 2021 IPO DRAFT CLASS: Ranking the Top 10 Prospects $25 Billion Emergency Rental Assistance NO, TESLA IS NOT WORTH MORE THAN TOYOTA, VOLKSWAGEN, HYUNDAI, GM, AND FORD PUT TOGETHER AMAZON TO HAND OUT ITS WORKERS $300 HOLIDAY BONUS Where Does the American Middle-class stand on Student Debt Relief? Joe Biden’s Economic Plan Explained 4 TYPES OF BAD CREDIT REPORTS AND HOW TO FIX THEM What Is the Proper Approach to Not Buy Too Much House? FISCAL STIMULUS PLANS STILL IN ACTION How to Pick Investments for Your 401(k) 10 Simple Ways to Manage Your Money Better All You Need to Know about Reverse Mortgage All You Need to Know about Wholesale Real Estate Credit card Teaser Rates AVERAGE CREDIT CARD INTEREST RATE SURGES TO 20.5 Percent Trump Signs 4 Executive Orders for Coronavirus Economic Relief The Worst American Economy in History WHY CREDIT CARDS MINIMUM PAYMENTS ARE SO LOW? 10 BIGGEST COMPANIES IN AMERICA AND WHO OWNS THEM White House Wants to End the Extra $600-A-Week Unemployment  10 Countries That Penalize Savers FEWER CREDIT CARD BALANCE-TRANSFER OFFERS ARE IN YOUR MAILBOX Private Payrolls and the Unemployment Rate SHOULD YOU BUY INTO THE HOUSING MARKET RESILIENCY? WILL WE GET A SECOND STIMULUS CHECK The Child Tax Credit and Earned Income Tax Credit THE RETURN OF BUSINESS CYCLES Should You Request a Participant Loan or an Early 401(k) Withdrawal? Homebuyers Should Not Worry about Strict Mortgage Borrowing Standards The Potential Unintended Consequences of Mortgage Forbearance All Business Owners Need to Know about the Paycheck Protection Program 10 MILLION UNEMPLOYMENT CLAIMS IN TWO WEEKS HOW WILL THE GLOBAL MIDDLE-CLASS RECOVER FROM A SECOND ECONOMIC RECESSION IN A DECADE? WILL U.S. CONSUMERS CONTINUE TO SPEND? HOW’S YOUR 401(k) PRESIDENT TRUMP SIGNS $2.2 TRILLION CORONAVIRUS STIMULUS BILL MIDDLE-CLASS NIGHTMARE: MORE THAN 3.3 AMERICAN FILED FOR UNEMPLOYMENT CLAIMS IN THE US LAST WEEK. LAWMAKERS AGREED ON $2 TRILLION CORONAVIRUS STIMULUS DEAL CORONAVIRUS STIMULUS PACKAGE FAILED AGAIN IN THE SENATE APRIL 15 (TAX DAY) DELAYED DEMOCRATS AND REPUBLICANS DIFFER ON HOW $2 TRILLION OF YOUR TAX MONEY SHOULD BE SPENT YOU CAN DELAY MORTGAGE PAYMENTS UP TO 1 YEAR, BUT SHOULD YOU? 110 Million American Consumers Could See Their Credit Scores Change The Middle-Class Needs to Support Elizabeth Warren’s Bankruptcy Plan The SECURE Act & Stretch IRA: 5 Key Retirement Changes 5 Best Blue-chip Dividend Stocks for 2020 9 Common Bankruptcy Myths 401(K) BLUNDERS TO AVOID Government Policies Built and Destroyed America’s Middle-Class & JCPenney Elijah E. Cummings, Esteemed Democrat Who Led the Impeachment Inquiry into Trump, Dies at 68 12 Candidates One-stage: Who Championed Middle-Class Policies the Most WeWork: From Roadshow to Bankruptcy Stand with the United Auto Workers Formal impeachment Inquiry into President Donald Trump America Is Still a Middle-Class Country SAUDI OIL ATTACKS: All YOU NEED TO KNOW THE FEDERAL RESERVE ABOLISHED BUSINESS CYCLES AUTO WORKERS GO ON STRIKE Saudi Attacks Send Oil Prices Spiraling REMEMBERING 9/11 What to Expect from the 116th Congress after Their August Recess Should You Accept the Pain of Trump’s Trade War? 45th G7 Summit-President Macron Leads Summit No More Upper-Class Tax Cuts Mr. President! APPLE CARD IS HERE-SHOULD YOU APPLY? THE GIG ECONOMY CREATES A PERMANENT UNDERCLASS 5 REASONS IT’S SO HARD FOR LOW-INCOME INDIVIDUALS TO MOVE UP TO THE MIDDLE CLASS ARE YOU PART OF THE MIDDLE CLASS? USE THIS CALCULATOR TO FIND OUT? WELLS FARGO IS A DANGER TO THE MIDDLE CLASS The Financialization of Everything Is Killing the Middle Class
Low-interest credit cards
Credit Cards

BEST LOW-INTEREST CREDIT CARDS (Nov.2019)

The estimated reading time for this post is 242 seconds

Low-interest credit cards can save you thousands of dollars every year.  Credit card debt is the most expensive debt next to payday loans.  The annual percentage rate (APRs) on credit cards can be as high as 30 percent.  Our advice is to pay your balance in full each month. If you cannot afford to pay the balance off each month, which most of us can’t, you need to snag the credit card with the lowest possible APR.  Below is our list of the six best low-interest credit cards:

PENFED PROMISE VISA® CARD

FMC Notes. Penfed Promise Visa Card is one of the least expensive credit cards on the market.  The variable APR will be 11.74% – 17.99 %, based on your creditworthiness.  Because this card is from a credit union, you might need to be a member to apply for it. 

Annual Fee.  No Annual Fee

Pricing.  4.99% promotional balance transfer rate for 12 Months on transfers made between January 1, 2019 – March 31, 2019. After that, the APR for the unpaid balance and any new balance transfers will be 11.74% to 17.99% based on your creditworthiness and will vary with the market based on the Prime Rate. This transaction is subject to credit approval 

Credit.  You need “Excellent, Good” credit to get approved- https://www.penfed.org/credit-cards/promise-visa-card    

CITI SIMPLICITY® CARD

FMC Notes. Citi Simplicity Card does not have the lowest APR on our list, but it’s on the top of the list of its long 0% introductory APR for 21 months from the date of first transfer.  All transfers must be completed in the first four months. You have nearly two years to pay a transferred amount with no interest. After that, the variable APR will be 16.24-26.24%, based on your creditworthiness.

Annual Fee.  No Annual Fee

Pricing.  0% Intro APR on balance transfers for 21 months from the date of first transfer. All transfers must be completed in the first four months. After that, the variable APR will be 16.24% – 26.24%, based on your creditworthiness. 

Credit.  You need “ Excellent, Good” credit to get approved- https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-simplicity-credit-card. 

Barclaycard Ring® Mastercard®

FMC Notes. Like the Citi Simplicity Card, the Barclay Ring Mastercard has dual benefits: great introductory rate on balance transfers and APR post-introductory. 0% intro APR for 15 months on balance transfers made within 45 days of account opening.  After that, a variable 14.24% APR will apply.

Annual Fee.  No Annual Fee

Pricing.  0% introductory APR for the first 15 billing cycles following each balance transfers that posts to your account within 45 days of account opening. After that (and for balance transfers that do not post within 45 days of account opening), a variable 14.24% APR will apply. 

Credit.  It would be best if you got approved-https://cards.barclaycardus.com/banking/cards/barclaycard-ring-mastercard/         

CAPITAL ONE QUICKSILVER CARD

FMC Notes.  The Capital One Quicksilver Card is a triple threat: you earn a one-time $150 signup bonus, 0% introductory APR for the first 15 months that your account is open, and 15.24%, 21.24% or 25.24%, based on your creditworthiness.  Plus, you get unlimited 1.5% Cash Back on every purchase, every day. The potential 25.24% is the only reason this card is not the first on the list. If your credit is solid, this should be your go-to card. 

Annual Fee.  No Annual Fee

Pricing.  0% introductory APR for the first 15 months that your account is open.  After that, your APR will be 15.24%, 21.24%, or 25.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

Credit.  It would be best if you got approved-https://www.capitalone.com/credit-cards/quicksilver/

THE DISCOVER IT CASHBACK 

FMC Notes.  The Discover IT cash Back provides great cashback and low APR.  You can earn up to 5% cashback at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, and more.  Keep up with the different categories on which you can earn that 5% can be a bit irritating, but not a solid reason not to take advantage of this great card.

Annual Fee.  No Annual Fee

Pricing.  0% introductory APR for the first 15 months that your account is open.  After that, your APR will be 15.24%, 21.24%, or 25.24%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

Credit.  You need “Good, fair” credit to get approved-https://www.capitalone.com/credit-cards/quicksilver/

Wells Fargo Platinum Card

FMC Notes.  The Wells Fargo Platinum Card also has an incredible 0% intro APR for 18 months on balance transfers; its 13.74 to 27.24% after the intro APR makes one of the least expensive credit cards on the market.

Annual Fee.  No Annual Fee

Pricing.  00% introductory APR for 18 months. After that, your APR will be 13.74% to 27.24%, based on your creditworthiness. This APR will vary with the market based on the U.S. Prime Rate. A balance transfer request must be made within 120 days from the account opening to qualify for the introductory APR.

Credit.  You need “Good, fair” credit to get approved-https://www.wellsfargo.com/credit-cards/platinum-visa/    

BACK TO TOP
Continue Reading
Click to comment

Leave Comment

Advertisement
American Middle Class / Oct 25, 2022

How to Build Wealth: Start Your Own Business

The estimated reading time for this post is 567 seconds How Do You Build Wealth:...

American Middle Class / Sep 26, 2022

How Do You Build Wealth: Invest in Real Estate

The estimated reading time for this post is 436 seconds How Do You Build Wealth: ...

American Middle Class / Sep 14, 2022

What Does the Hot Inflation Report Mean for the Housing Market

The estimated reading time for this post is 100 seconds The benchmark 30-year fixed mortgage...