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If you are looking for a credit card with a low rate, the rate you get will depend on your credit. Having said that, here is a list of credit cards with the lowest rates. We arbitrarily listed those that had an apr of prime rate plus 3.99% or lower
(otherwise the list will never end). We also highlight the one with the lowest rate at the moment.
Recommended Low Interest Credit Card
The Citi® Platinum Select® MasterCard® allows you to get one of the lowest rates around if your credit is good enough. The APR is as low as 11.99%. Furthermore, you get 0% APR deal for both balance transfers and purchases for up to 12 months. If you shop online a lot, this card has a unique feature whereby you are given a separately generated credit card number just for online use. This is another step to preventing fraud online.
The Discover® More(SM) Card also has a very low apr for consumers who have good credit. You can get a rate as low as 11.99%. In fact, the rate you will get will range between 11.99% and 18.99%. Unlike most cards, Discover actually lets you know whether you are approved within 60 seconds (though it still takes a couple of days to get your card to you by mail). Aside from having good rates, you'll also be getting a 0% APR deal for both purchases and balance transfers for 6 months. Furthermore, the card also allows you to earn cash rebates, has the most gift card merchant partners of any credit card and also allows you to earn up to 20% cash rebates when you use the card to buy things through shopdiscover.com.
While credit card issuers are pulling their customers credit lines, the Pulaski Bank MasterCard® or VISA® still offers the best competitive rates in the market today at 6.50% fixed. You also get a 0% balance transfer deal for 6 months with NO BALANCE TRANSFER FEES. You do have to pay an annual fee of $35, but the low interest rates and balance transfer deal is probably worth it. Bear in mind that Pulaski Bank is very strict with their approvals and they require proof of income - like a W2 before they approve you. Furthermore, approval takes 30 days. So if you are in a hurry, this is not the right card for you.
If you are not willing to pay the annual fee, the Pulaski Bank Visa® Gold gives you an 8.00% APR, a 0% balance transfer for 6 months with NO BALANCE TRANSFER FEE and also NO ANNUAL FEE. Once again, after you apply for the card, you need to submit proof of income via something like a W2. The approval process takes 30 days.
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