Low Interest Credit Card





To get a low interest credit card, you need to have very good credit. We would consider credit cards with an apr of prime rate plus 4.99% to have a low interest rate. Our recommended cards below have fixed apr and are below 10%. Once again, make sure you know your credit score before you apply as you need very good credit to get these rates.

Recommeded Low Interest Credit Cards

The Bank of America Visa Signature� with WorldPoints� is the elite version of Bank of America's credit cards with WorldPoints rewards. You need excellent credit to apply for this card. The apr is presently fixed at 7.90%. A 0% apr on both purchases and balance transfer awaits the new cardholer, as are various perks available only to Visa Signature cardholders.

pulaski bank visa/mastercard
The Pulaski Bank MasterCard® or VISA®has a fixed apr that at the moment stands at 7.99%. What is more important is that they use the "monthly periodic rate" rather than the "daily periodic rate" used by most credit cards. The average daily balance method (including new purchases) is used as well rather than the 2-cycle method. This is also also one of the rare credit cards that give cardholders a 25 days grace period. The only drawback is that there is an annual fee of $35.00 for the regular version and $50.00 for the gold card version. Hence, you have to weigh the difference in savings you get from a lower apr versus the annual fee.



Directory of Low Interest Credit Cards


We will organize our directory of low interest credit cards the following way. We will first highlight basic, no-frills credits with low apr. We will then have a seperate section of reward credit cards with low apr.



Pulaski Bank Mastercard or Visa
Intro APR 0% APR for balance transfers for 6 billing cycles from balance transfer date.
APR 7.99%
APR Method Monthly Periodic Rate
Bal Calc Method Average Daily Balance
Grace Period 25 days
Annual Fee $35.00 or $50.00
pulaski bank visa
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Pulaski Bank Visa Gold
Intro APR 0% APR for balance transfers for 6 billing cycles from balance transfer date.
APR 9.50%
APR Method Monthly Periodic Rate
Bal Calc Method Average Daily Balance
Grace Period 25 days
Annual Fee No annual fee
pulaski bank isa gold
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Citi Platinum Select Card
Intro APR 0% APR for balance transfers for 12 months from date of transfer
0% apr on purchases for 12 months from account opening
APR Prime Rate plus 3.49%
APR Method Daily Periodic Rate
Bal Calc Method Average Daily Balance
Grace Period 20 days
Annual Fees No annual fee
citi platinum select card
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AT&T; Universal Platinum Card
Intro APR 0% APR for balance transfers for 12 months from date of transfer
Lowest APR Libor plus 6.49%
APR Method Daily Periodic Rate
Grace Period 20 days
Annual Fees No annual fee
att universal platinum card
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Chase Platinum Card
Intro APR 0% for 12 billing cycles (balance transfer)
APR Prime Rate plus 3.99% to 15.24%
APR Method Daily Periodic Rate
Bal Calc Method 2-cycle average daily balance
Grace Period 20 days
Annual Fee No annual fee
Full Review
Apply Online
HSBC Platinum Mastercard
Intro APR 0% APR for purchases and balance transfer for 12 months
APR Prime Rate plus 3.74%, 6.74% or 9.74%
APR Method Daily Periodic Rate
Bal Calc Method Average Daily Balance
Grace Period 20 days
Annual Fees No annual fee
Review
Apply Online



reward and cash back low interest credit card directory




Related Articles


How the 2-cycle average daily balance method affects your finance charges?
Find out how the various methods of computing monthly balances can affect your finance charges. Depending on your spending habits or whether you are in the process of reducing your credit card debt, understanding this will help you choose the right credit card.

What is your real effective interest rate on your credit card?
Most do not realize that the apr is not the true interest rate you are paying on your loans or credit card balances. The real effective rate depends on whether one's credit card uses the "monthly periodic rate" or the "daily periodic rate" to calculate finance charges. Find out how this work.






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