Five American Credit Cards with Low Interest Rates in 2024
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Currently, there are many no-fee credit cards with low interest rates available on the market. You will get the actual interest rate depending on your credit history and score. Most cards come with introductory rewards that you should maximize before they expire.
More than eighty percent of Americans own a credit card, and the average person has at least three. These limits and high interests on credits are big money makers for banks partnered with Visa, MasterCard, Discover or American Express. When searching for a low-interest credit card it is advisable to start by looking up credit card offers online within your locality.
Although we may wish to have a zero balance on our cards every month, sometimes emergencies happen. Therefore it only makes sense to think about getting a credit card which charges lower rates when lending its customers money. These cards do exist but are closely tied to one’s credit rating even as interest rates rise rapidly all over the country. The initial stage of researching involves going online where you should find banks or organizations offering fair priced credit cards.
Wells Fargo Reflect Card
The Wells Fargo Reflect Card offers an APR as low as 13.75% without annual fees charged on this product. To qualify for these best possible rates one needs excellent or good credit which could extend upwards of 25%. Additionally, if you have qualifying balance transfers, there is an introductory 0% APR on balance transfers for up to twenty-one months.
Apart from these features,the Reflect Card also comes with cell phone protection worth six hundred dollars for those who use it to pay their mobile bills; however there is a deductible fee of twenty-five dollars attached.And ,customers can earn cash back through various transactions using Wells Fargo Deals .
Chase Freedom Unlimited
With an initial interest rate set at fifteen point seven four percent (15.74%), this card’s low interest rate is higher than that offered by Reflect Card. It has a stronger rewards program though; 6.5% cash back from Chase Rewards on eligible travel purchases, 4.5% up to twenty thousand dollars annually spent on pharmacy and dining (including takeout) after which three percent is awarded, one point five percent for all other transactions.
This credit card does not have an annual fee or minimum redemption amount for cash back earned neither do its benefits expire.It also features first time ever 0% APR for the initial fifteen months on both purchase.
Discover It
The card is specifically designed for balance transfers as the name suggests. All balance transfers are eligible for a 0% introductory APR for the first 18 months and then a one-time fee of 3%. In addition to getting 1% cashback on all non-qualifying purchases, users can earn 5% back on various everyday spend categories. Discover matches all cashback earned at the end of the year one, and rewards never expire or have redemption limits.
Discover it Chrome
Another Discover branded credit card with super low interest rates, the “it chrome” card has no annual fee and rates between 12.74% – 23.74%. It offers matching points after year one and among other features that are identical to the above Discover card, has a privacy option in which you can request your personal data be erased from people-search websites.
Additionally, there’s an excellent cashback rewards programme with this card, along with a purchase/balance transfer offer of 0% intro APR for 15 months. Users get back 1% on all purchases, with some categories (like gas & dining) earning a higher percentage.
Chase Freedom Flex
Rounding out our list is the Chase Freedom Flex which has interest rates ranging from 15.74%-24.49% and no annual fee. This is still a popular choice among Americans because of its $200 welcome bonus after spending $500 within three months of activating your card.
The Freedom Flex cashback program is very generous offering:
- 5% quarterly back on up to $1,500 in categories that you personally choose;
- 5% cashback with Chase Ultimate Rewards for travel-related purchases;
- 3% return on purchases in pharmacies & restaurants;
- For all other purchases get 1% cashback.
For fifteen months there is an introductory 0% APR that includes balance transfers; also consumers can use Chases’ Credit Journey program which helps keep an eye on your credit and protect your financial information.
Senior Writer • Business and Information Trends Writer
Lucas writes long-form, investigative articles that explore the deeper implications of business and information advancements.
