Generally, people do not prefer carrying the balances on the credit cards as it will not help you save money because the credit card companies will start charging the handsome amount of interest on the balance that you carry. Paying the huge amount of interest will hinder you from making savings and investing.
Source : lowestrates.ca
So it is necessary that you choose the credit cards which are available at the low rate of APR, so sometimes if you carry your balance it will be possible to cover the amount of the interest that is charged by the credit card companies as it is impossible not to carry any of the balance every time.
So here are some of the best low interest credit cards to save you from higher interest expense, by Financeshed, available in the market so that you can choose from this and help yourself get a low APR credit card.
Barclaycard Ring MasterCard:
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The Ring credit card has a very low APR for the purchase, balance transfer and cash advance. Rate of APR available on this credit card is @ 14.24% APR (variable). The introductory APR for the first 15 months from account opening is 0% where the qualifying transfers must be made within the 45 days of account opening.
Discover it Cash Back:
Source : discover.com
Though we cannot say this card has the lowest APR but then too it is included in the lists of the credit cards as it has the best cash back rewards program. The rate of APR on the card on purchase and balance transfer is 13.74% to 24.74%, which depends on your credit worthiness and the interest rates prevailing in the market as on the present time.
Discover it Chrome:
Source : doctorofcredit.com
It has the same APR as the regular discover it cash back card but it is better than the regular card as it has some of the features which will make it special. The cash back deal will be doubled in the first year; the introductory APR for the first 14 months from the account opening is 0%. The regular rate of APR will differ between 13.74% and 24.74%.
Citi Diamond Preferred Card:
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This credit card is special as it provides you the perks like VIP perks which will include the deals at major retailers and personalized services for the event booking and travel. The regular rate of APR ranges from 14.24% to 24.24% depending on the rates prevailing in the market. The introductory APR for the first 21 months is 0% so you can get the benefit of the first few months.
Citi Simplicity Card:
Source : get.com
The regular rate of APR on the credit card is variable ranging from 15.24% to 25.24% which is depending on your credit worthiness. Also the cash advance APR for the card is also the same as the regular APR. The introductory APR on the card is 0% on the purchase and the balance transfer for the first 18 months. The best thing about this card is that it has the low fees and charges and there is no penalty on the APR.