If you tend to carry a credit card balance from month to month, a low-interest credit card can help you save money. Low-interest credit cards have lower-than-average annual percentage rates (APRs), which means you'll pay less in total interest and can pay off debt faster.

Some low-interest credit cards have a low or 0% interest rate for an introductory period. Others may have a slightly higher rate, but the rate stays the same indefinitely.

The best credit card for you depends on your spending and debt habits. If used responsibly, they can be a valuable resource when you need to make large or emergency purchases and can't pay off the balance in full.

Benefits of low interest credit cards

· Less Risky Card Balances

Frequent questions

How to choose a low interest credit card?

From renewals to travel plans, if you know you have big purchases to make shortly and won't be able to pay off the balance on time, a low-interest credit card can help you minimize debt. Some may even come with sign-up bonuses, which can help offset the costs even more.

What is a reasonable interest rate on a credit card?

In recent years, average interest rates have fluctuated between 16% and 17%. If your interest rate is below this threshold, it may be considered "good," but keep in mind that it can still be quite expensive if you carry a balance from month to month.

Can I negotiate my interest rate on a credit card?

Yes, it is possible to negotiate a lower interest rate for your credit card, and it doesn't hurt to call your issuer and ask. If you have a history of paying on time and using your credit responsibly, the issuer may offer you a lower rate to keep you as a customer.

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Associated credit card categories

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