BEST LOW-INTEREST CREDIT CARDS (Nov.2019)
By Article Posted by Staff Contributor
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/
RELATED ARTICLES
How to Tackle Credit Card Debt
The estimated reading time for this post is 222 seconds Credit card debt hit a record of $986 billion in the United States in the final quarter of 2022. The average credit card user carried a $5,805 balance over that...
Credit Reports And Scores
The estimated reading time for this post is 201 seconds Credit reports and scores are critical components of an individual’s financial health and play a significant role in determining their ability to access loans, credit cards, and other financial products....
Leave Comment
Cancel reply
Money Motivators
How Entrepreneurs Can successfully Bootstrap Their Startups
MONEY TRANSFERS: What to Know Before Sending Money
Gig Economy
American Middle Class / Mar 05, 2023
Money Motivators
The estimated reading time for this post is 260 seconds Since the beginning of time, from the silver and gold era economy to fractional reserve banking,...
By MacKenzy Pierre
American Middle Class / Feb 28, 2023
How Entrepreneurs Can successfully Bootstrap Their Startups
The estimated reading time for this post is 264 seconds Starting a business is an exciting and challenging endeavor. One of the most significant hurdles entrepreneurs...
By MacKenzy Pierre
American Middle Class / Feb 26, 2023
MONEY TRANSFERS: What to Know Before Sending Money
The estimated reading time for this post is 220 seconds Money transfers have become an essential part of modern life. With the globalization of business and...
By Article Posted by Staff Contributor
American Middle Class / Feb 22, 2023
How to Tackle Credit Card Debt
The estimated reading time for this post is 222 seconds Credit card debt hit a record of $986 billion in the United States in the final...
By Article Posted by Staff Contributor
American Middle Class / Feb 19, 2023
200 Financial Terms You Should Know
The estimated reading time for this post is 985 seconds Accounting: The process of recording and reporting financial transactions. Accounts payable: Money owed by a business...
By Article Posted by Staff Contributor
Credit Cards / Feb 18, 2023
Credit Reports And Scores
The estimated reading time for this post is 201 seconds Credit reports and scores are critical components of an individual’s financial health and play a significant...
By Article Posted by Staff Contributor
Personal Finance / Feb 12, 2023
Debt collection
The estimated reading time for this post is 124 seconds With the rising foreclosures, car repossessions, and credit card defaults, numerous American consumers are getting debt...
By Article Posted by Staff Contributor
Personal Finance / Feb 05, 2023
Auto Loans
The estimated reading time for this post is 136 seconds Auto loans are a popular way for individuals to finance the purchase of a new or...
By Article Posted by Staff Contributor
Real Estate / Feb 01, 2023
Mortgage Rate Buydown
The estimated reading time for this post is 193 seconds A mortgage rate buydown is a financing strategy borrowers use to reduce the interest rate on...
By Article Posted by Staff Contributor
American Middle Class / Jan 29, 2023
We Should Teach Financial Literacy to All Americans?
The estimated reading time for this post is 621 seconds Financial literacy is understanding and using financial knowledge to make informed decisions. With the average American...
By MacKenzy Pierre
Latest Reviews
American Middle Class / Mar 05, 2023
Money Motivators
The estimated reading time for this post is 260 seconds Since the beginning of time,...
American Middle Class / Feb 28, 2023
How Entrepreneurs Can successfully Bootstrap Their Startups
The estimated reading time for this post is 264 seconds Starting a business is an...
American Middle Class / Feb 26, 2023
MONEY TRANSFERS: What to Know Before Sending Money
The estimated reading time for this post is 220 seconds Money transfers have become an...