Top Low Interest Credit Cards for 2020

Top Low Interest Credit Cards for 2020

January 2, 2020         Written By Bill Hardekopf

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There are basically two types of credit card consumers. One pays off the balance each month in full; this is called a “transactor.” This consumer should get a rewards credit card that is most appealing to their needs because they can make money on using and paying off their credit card balance each month. Typically, they can make anywhere from 1% to 2% on the amount they purchase.

The second consumer is the one that carries a balance from one month to the next. This cardholder is called a “revolver.” Instead of being concerned about the rewards, a revolver needs to find a credit card with the lowest interest rate possible. The lower the interest rate, the less money someone will have to pay the credit card company in interest penalties each month.

Top Low Interest Credit Cards Of 2020

The industry offers many credit cards with low interest. Here are six of the top low interest cards offered in 2020 from major issuers:

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The is considered one of the best travel rewards card in the industry due to its low fees and great rewards opportunities. It offers 0% APR for the first 12 months on purchases, and then a relatively low 14.49% - 24.49% (Variable) APR after that. For those who like to travel abroad, Capital One VentureOne has no foreign transaction fees. You get 1.25 miles for every $1 you spend on the card, which can be redeemed for travel expenses. This is in addition to the 20,000 bonus miles you’ll receive (equivalent to $200) if you spend more than $1,000 on your card during the first three months of card ownership. These miles can be used on any airline or hotel, and have no blackout dates. The card has no annual fee.

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This card has one of the industry’s best introductory offers in terms of APR. The has a 0% introductory APR for 21 months on balance transfers (must be made within the first four months of card membership) and 12 months on purchases. Then, an ongoing APR between 13.74% – 23.74% (Variable) depending on your credit worthiness. There is no annual fee on this card but there is a 5% balance transfer fee on the amount transferred.

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The is a relatively new card on the market with some attractive features. There is an introductory APR of 0% for 12 months on purchases and 18 months on balance transfers. The ongoing interest rate is 14.40% - 24.40% (variable) based on your credit worthiness. New cardholders can earn a $150 statement credit after spending $1,200 on purchases within the first 90 days from account opening. One point is earned for every dollar spent, and you can earn 5x rewards on up to $1500 in combined purchases each quarter in popular categories such as dining, groceries, travel, and automotive. Late payments don’t raise your APR.  There is no annual fee on this card.

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The offers customers 1.5% cash back on all purchases with no limits. New cardholders receive a $150 cash bonus when they spend $500 on purchases within the first three months of opening the account. Customers get 15 months of interest-free financing on both new purchases and balance transfers, with a 3% balance transfer fee. After the introductory financing period ends, the standard interest rate of 15.49% - 25.49% (Variable) applies. This card only requires the applicant to have a good credit score. There is no annual fee on this card.

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The gives cardholders the opportunity to earn cash back twice: 1% cash back at the time of purchase and another 1% when payment is made, for a total of up to 2% cash back. This card offers 18 months of 0% APR introductory financing on balance transfers, with a 3% balance transfer fee, as long as the balance transfer is made during the first four months of being a cardmember. After the promotional financing rate expires, cardholders will have an interest rate of 13.99% – 23.99% (Variable) on the remaining balance, depending on your creditworthiness.

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The is a new and unique rewards card. Citi rounds up the ThankYou points earned with each purchase to the nearest 10. For instance, if a purchase qualifies for 15 ThankYou Points, that reward will be rounded up to 20 points. This occurs for every transaction, no matter how small. The card features a 15,000 ThankYou Point sign-up bonus. To earn the extra rewards, cardholders must spend $1,000 on the card during the first three months of card membership. The card earns two points per $1 spent at gas stations and supermarkets, for the first $6,000 in annual purchases made in those categories. All other transactions earn one point per $1. Cardholders will also get back 10% of their rewards on the first 100,000 points they redeem each year. There is a foreign transaction fee of 3%, as well as a balance transfer fee of $5 or 3% per transaction, whichever is greater. The introductory APR on purchases and balance transfers is 0% for the first 15 months. The standard APR is 13.49% - 23.49% (Variable), depending on credit worthiness. There is no annual fee on this card.



The information contained within this article was accurate as of January 2, 2020. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.


bill-hardekopf

About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Top Features : No annual fee; $150 statement credit after spending $1,200 in first 90 days; 0% on Purchases for 12 months and Balance Transfers for 18 months
Top Features : Earn cash back twice. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Top Features : Only card to round up rewards to nearest 10 points; 15,000 bonus points after spending $1,000 in first 3 months
Top Features : 0% APR for 21 months on Balance Transfers and 12 months on Purchases; no annual fee, late fee or penalty rate
Top Features : Long intro APR period especially for balance transfers; No annual fee
Top Features : Low 9.99% fixed APR; no credit check or minimum credit score needed; reports to all 3 national credit bureaus