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LOW APR CREDIT CARDS
A recent study claims that 60% of credit-card holders carry a significant balance, and of those who own a credit card, the average balance is now over $8,000, while only a decade ago it was around $3,000!
So for over half of US credit card holders, the ongoing APR is perhaps the most important feature of a credit card. But what is an ongoing APR? A.P.R. stands for Annual Percentage Rate, and the lower the better! A lower APR card means you pay less interest on your credit card balance at the closing of each statement period if you carry a balance. Ongoing APR is the APR after your introductory period, which usually varies from 6-18 months. The "intro" APR is always lower than the "ongoing" APR (often 0%) and it can be applied toward your balance transfers from another credit card, or toward purchases made during the introductory period, or toward both. APRs can either be "fixed" or "variable." Fixed-rate APR's are typically higher, but you know years in advance how much interest you'll have to pay at the end of each month. A variable rate will change (vary) based on the "prime" index, published in the Wall Street Journal.
Lower is better:
On this page, we compiled credit cards with LOWER THAN 15% ongoing APR. If you carry a high balance, make this the most important attribute when choosing a card. If you owe only a moderate amount on your cards, look for the perks along with other features.
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- 12,000 Bonus Miles - 1,000 Bonus Miles each month you make a purchase for your first year
- Double Miles on your first $3,000 in travel and restaurant purchases each year
- Double Miles through our exclusive online shopping site
- One Mile for every dollar on all other purchases
- Flexible redemption options for travel, gift cards, or cash
- 0% intro APR on balance transfers and purchases for 6 months, then the Regular APR
*View rates, fees, rewards and other important information.
Issuer: Discover Bank
Intro APR for Purchases: 0.00% (for *)
Ongoing APR: As low as 10.99%
APR for Balance Transfers: 0.00% (for *)
Balance Transfer Fee: 3% (minimum $10)*
Annual Fee: None
Late Fee: $19-$39
Overlimit Fee: $15 or $39
Cash Advance APR: variable, 23.99%
Cash Advance Fee: 3% (minimum $5)
Grace Period: 25 Days
Credit Line: Minimum $5,000
Reward Program: Air Miles
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- 0% intro APR on balance transfers for a full 15 months, then the Regular APR
- 0% intro APR on purchases for a full 6 months, then the Regular APR
- 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more
- Up to 1% unlimited Cashback Bonus on all other purchases
- No Annual Fee
*View rates, fees, rewards and other important information.
Issuer: Discover Bank
Intro APR for Purchases: 0.00% (for *)
Ongoing APR: As low as 11.99%
APR for Balance Transfers: 0.00% (for *)
Balance Transfer Fee: 5% (minimum $10)*
Annual Fee: None
Late Fee: $19-$39
Overlimit Fee: $15 or $39
Cash Advance APR: variable, 23.99%
Cash Advance Fee: 3% (minimum $5)
Grace Period: 25 Days
Credit Line: Minimum $5,000
Reward Program: 1-5% Cashback Bonus®
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- Purchase rate is a fixed 6.50% annual percentage rate (APR)
- Intro balance transfer rate of 0% (apr) for 6 billing periods
- Cash rate is 6.50% APR
- No cash advance or balance transfer fees
- Minimum payment is 2% of outstanding balance*
*See terms & conditions
Issuer: Pulaski Bank
Ongoing APR: 6.50%
APR for Balance Transfers: 0.00% (for 6 Months)
Balance Transfer Fee: None
Annual Fee: $35.00
Late Fee: $15-$35
Overlimit Fee: $35.00
Cash Advance APR: 6.50%
Cash Advance Fee: None
Returned Check Fee: $29.00
Grace Period: 25 Days
Credit Line: $1,000 to $20,000
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- 8.00% APR
- Low Rate
- No Annual Fee
- 0% Balance Transfers
Issuer: Pulaski Bank
Ongoing APR: 8.00%
APR for Balance Transfers: 0.00% (for 6 Months)
Balance Transfer Fee: None
Annual Fee: $50.00
Late Fee: $15-$35
Overlimit Fee: $35.00
Cash Advance APR: 8.00%
Cash Advance Fee: None
Returned Check Fee: $29.00
Grace Period: 25 Days
Credit Line: $1,000 to $20,000
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- Limited Membership
- 24-Hour Concierge Service
- Exclusive Rewards Program
- Luxury Gifts
- Patent Pending Carbon Card
- Annual Fee $495
View the terms and Conditions.
Issuer: Barclays Bank Delaware
Intro APR for Purchases: 0.00% (for 6 Months*)
Ongoing APR: Prime + 9.99% (Currently 13.24%)
APR for Balance Transfers: 0.00% (for 6 Months*)
Balance Transfer Fee: 3% ($5 minimum) max. $50 during the Introductory Period*
Annual Fee: $495.00
Late Fee: $15-$39*
Overlimit Fee: $15-$39*
Cash Advance APR: Prime + 15.99% (Currently 19.24%)
Minimum Cash Advance APR: 19.99%
Cash Advance Fee: 3% (minimum $5)
Returned Check Fee: $29.00
Grace Period: At least 20 Days
Reward Program: Cashback or Miles
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- 0% intro APR on purchases and balance transfers for 6 months, then the Regular APR
- 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more
- Up to 1% unlimited Cashback Bonus on all other purchases
- No Annual Fee
*View rates, fees, rewards and other important information.
Issuer: Discover Bank
Intro APR for Purchases: 0.00% (for *)
Ongoing APR: As low as 11.99%
APR for Balance Transfers: 0.00% (for *)
Balance Transfer Fee: 5% (minimum $10)*
Annual Fee: None
Late Fee: $19-$39
Overlimit Fee: $15 or $39
Cash Advance APR: variable, 23.99%
Cash Advance Fee: 3% (minimum $5)
Grace Period: 25 Days
Credit Line: Minimum $5,000
Reward Program: 1-5% Cashback Bonus®
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- 0% Interest* on Purchases for 6 Months
- 5% to 20% Cashback Bonus® at top online retailers*
- No Annual Fee
- $0 Fraud Liability Guarantee
*View rates, fees, rewards and other important information.
Issuer: Discover Bank
Intro APR for Purchases: 0.00% (for *)
Ongoing APR: As low as 13.99%-20.99%
Annual Fee: None
Late Fee: $19-$39
Overlimit Fee: $15 or $39
Cash Advance APR: variable, 23.99%
Cash Advance Fee: 3% (minimum $5)
Grace Period: 25 Days
Reward Program: 1-20%* Cashback Bonus®
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