Best Low Interest Rate Credit Cards in America

The perspectives of “Best Low Interest Credit Cards” are for people with good credit and people with bad credit. These credit cards presented here are coming from different card issuers who offer low interest rates when using the cards for purchases or any transactions. Compare and check every detail of the card, most especially on the features and benefits. In this way, you can decide which credit card to apply for and suit your needs.

All of these cards show in this article Carry a Balance.

GOOD CREDIT - LOW INTEREST CREDIT CARDS

Under this category are credit cards that offer low interest rates. These cards are beneficial to card users who do so much purchasing or transactions with the cards. In case of financial problems and the user is unable to pay the bills that is due every end of the month, the card holder is only charged with minimal interests. It will not be a burden in the part of the card user as the interest rate is low and settlement of the account on the next billing date is more possible. Various types of low interest cards coming from different card issuers will be presented. Take a look on the unique characteristic of each card.

Capital One SmartLine™ Platinum MasterCard

This is one of the finest credit cards that Capital One can offer. This credit card requires an excellent credit history which means that the card users have build up a credit history in the past during the start of his/her credit card usage. The client must not have any single penalties acquired and was obedient in following the rules or policies of the card issuer. The interest that comprises this card is at 5.99% which is best for individuals that save money on interest. This card is composed of benefits that would give the card holder utmost convenience.

More features of the card are listed below:
• No Annual Fee which means less responsibility on payments.
• 19.8% interest on Cash Advances is not a good rate for this kind of card service.
• 5.99% on Purchases and Balance transfers guaranteed for 3 years. This must require the card holder to sustain agreement status. The interest rate switches to a variable rate of Prime +3.75% on purchases and balance transfers after 3 years of being a card user for the company.
• Balance transfers don’t entail any fee or charges.

MBNA Gold MasterCard® Credit Card – Fixed 9.99% AIR

This credit card has a fixed annual interest rate of 9.99%. The required credit history for this card is at a good level. If credit card applicants haven’t made an excellent credit history, they could resort to this card. Soon, if they have gained an excellent credit history then they can shift to a higher credit card that offers maximum benefits. More benefits below to ponder on.

Here are some features of the credit card:
• No Annual Fee for the card holder.
• 9.99% Annual Interest Rate on Purchases and Cash Advances are offered and is considered a fair rate for the client.
• Around-the-clock fraud protection that gives assurance of safety and risk-free for the clients.
• Online access to your credit card account is available by just login in the internet with secured login password.
• 24-hour Customer service that is always ready to help.
• Immediate cash access at 430,000 ATMs internationally
• Emergency services like lost document and ticket replacement, lost luggage assistance, travel accident insurance, auto rental insurance are also catered on the services of the company.

BAD CREDIT - LOW INTEREST CREDIT CARDS

What you can see in this category are the credit cards that have low interest rates as well as cards that don’t require a good credit history. Usually, the credit cards here are guaranteed for new users who don’t have any credit history and for a client who has a bad or fair credit history. A variety of credit cards will be introduced along with their distinctive features and benefits. Evaluate each card and decide on what card captures your needs.

Capital One Low Rate Guaranteed Secured MasterCard®

This is a card that allows customers to start building their credit history. Every client that applies for this credit card has a guaranteed approval. One important feature is that the card offers a low interest rate as well as low annual fees. The interest rate is at 14.9% and the annual fee of $69 respectively. This is one of the better secured credit cards to apply for. To attract you more, check out the bonus card benefits below.

This credit card comprises these following features:
• Any application of the card has a guaranteed approval.
• Master RoadAssist™, MasterCard Global Service™ and MasterCard PayPass™ are use in tap-and-go pay system that gives less hassle for the client in payment as the card don’t need to be swiped.
• Low Interest rate of 14.9% on purchases and balance transfer that does not bring trouble to client during payment of balances.
• The customer service is on standby 24/7 through phone or online.
• Provides 0$ fraud liability for any unauthorized purchases done by the card user.
• Give you the chance in building a credit history.

Capital One Low Rate Guaranteed MasterCard®

This card allows the card users to use all the benefits of having a credit card. Capital One provides the client all the extravagance of renting a car, do online shopping or book hotel reservations. Having this credit card for your convenience, the credit history you are building will not be affected but instead grow to a higher level as long as no penalties are encountered. This card has a lot more to offer. Check it out below.

Other Capital One Guaranteed MasterCard benefits:
• Travel benefits offered: Master RoadAssistTM, MasterCard Global ServiceTM, MasterAssistTM Travel Assistance Service for client safety all the time.
• Travel accident insurance is also given aside from the safety assistance.
• MasterCard PayPass™ give convenience in paying bill for the card holder.
• Tap-to-Go system when using the card to have less hassle from card swiping.
• 27/7 standby customer service to phone or online.
• $0 fraud liability for unauthorized card holder using the credit card for any transactions.
• The Guaranteed MasterCard® additionally protects you with purchase assurance and extended warranty for the time the client is still rebuilding the credit history.

LOW INTEREST INTRODUCTORY RATES

The cards that belong to this category are those credit cards who offer through the low interest introductory rates. This usually involves the interest rates on purchase, cash advance or balance transfer depending on the card issuer. However, this offer is only limited for a span of time. Some card issuers give a time span of 3 month to 6 months while others reach a year or two. Pick the card that suits you as card benefits are displayed below.

Capital One® Platinum Prestige

This card requires an excellent credit history which means that card applicants who are eligible are only those who have build up an excellent credit history. This card has a 0% annual interest rate only for purchases and balance transfer until May 2011. Clients would get more savings for this card due to the 0% APR. However, once the date has passed, everything will be back to normal. So, for clients who are planning to have this credit card, maximize the features of this card by using the card as often or most of the time before the due date will be reached.

Here are extra benefits of the credit card:
• No annual fee is charged for this card.
• 3% interest of the amount for cash advances but not less than $10.
•Travel benefits offered: Master RoadAssistTM, MasterCard Global ServiceTM, MasterAssistTM Travel Assistance Service for client safety all the time.
• Travel accident insurance is also given aside from the safety assistance.
• MasterCard PayPass™ give convenience in paying bill for the card holder.
• Tap-to-Go system when using the card to have less hassle from card swiping.
• 27/7 standby customer service to phone or online.
• $0 fraud liability for unauthorized card holder using the credit card for any transactions.
• 3% interest on balance transfer after May 2011.
• After May 2011, the APR returns back to 24.90% on cash advances and 11.90% on purchases.

Citi® Platinum Select® MasterCard®

This is an attractive credit card only for clients who do have good or excellent credit history. The introductory interest rate offers start with the balance transfer which is 0% as well as on purchases for 18 months time. This card doesn’t have any annual fee charges. This card allows a lot of savings for the client for a specific period of time. However, after the 18 months grace period given, the card users still can save but not as much as having the introductory rates. List of additional benefits are given below.

Here are the features of the credit card:
•Having the card you may become eligible for an unsecured card after 18 months of card usage.
• $0 liability on unauthorized charges made into the client account.
• Citi® Identity Theft Solutions protects the account and personal information of the card holder.
• No required income or co-signer to start building a record of account performance.
• With retail purchase protection, the items purchased with your card are safe against accidental damage or theft for up to 90 days from the day the product is bought.
• Tap-and-go system of Citi MasterCard® Payment Tag with PayPassTM is a new innovation where you just tap your card rather than the old system of swiping it.
• Citi® Credit Card Benefits & Services offers cash or rewards such as American Airlines® awards and travel benefits to cash back and college saving.
• APR on purchases is as low as 9.99%.
• 3% interest rate for cash advance and balance transfer with a minimum amount of $5.

Slatesm from Chase

Slate from Chase credit card gives you the capacity to propose your own payment arrangement. There are four ways to pay off your balance and these are the following: Full Pay, Split Pay, Finish It and Track It. Full Pay allows you to keep away from paying interest on everyday items, such as gas and groceries, when you pay settle your balance each month. These are routinely divided on your billing statement. Split Pay allows you to pay off larger purchases on your own provisions, you create a date or do monthly payment and these items will be made into half reflected on your statement.

Finishing it allows you to pay down your whole balance sooner by making a date or paying at the end of the month. Track It allows you to take note of your transactions and check your payment development in real time. The introductory period is based on the application and level of credit history. If you qualify for Elite and Premium Pricing, you will be granted a 0% APR on purchases and balance transfers for the first 6 billing cycles following the opening of the account. If you qualify for Standard Pricing plan, you will enjoy a 0% APR on balance transfers for the first 6 billing cycles of the account opening.

Chase credit card offers the following as additional features:
• 0% APR up to 12 months is offered by the card issuer.
• The APR on purchases is at 11.24%.
• When having cash advances, the APR is at 19.24%
• No annual fee is charged to the card holder.
• Balance transfers have an interest of 3% with a minimum of $5 while cash advances have a minimum of $10.
• Dedicated service advisors are on standby 24/7.
• No annual fee charge even if the card company is giving all the card benefits it can offer.

Articles from February 2011
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