By Jason SteeleLow APR Credit Cards: How to Pick the Right One
By Jason Steele
A low APR credit card is one that offers you the lowest possible interest rate, usually at the expense of other features such as rewards or benefits. Nobody likes to pay credit card interest, and if you need to carry a balance, then you should look for a credit card with the lowest possible interest rate.
How Low APR Credit Cards Work
When you're looking for a credit card, there are several features that you can consider. Some might look for a card that offers the most valuable rewards or one that features travel benefits. However, many look to find a card with the lowest possible interest rate, which is expressed by the term APR or Annual Percentage Rate.
A credit card with the lowest possible APR will usually not offer rewards and will often include fewer benefits than a similar card with higher APRs. Like any company, credit card issuers need to make money on their products, and they will invariably impose higher interest rates on cards that offer generous benefits or valuable rewards.
Furthermore, some credit cards offer introductory rates as well as a regular interest rate. The introductory rate is often 0% APR but can occasionally be just an APR below the standard rate.
By law, these introductory rates must last for at least six months, although many of the most competitive offers last for 12 months or longer before the standard rate applies. Also, these introductory rates can apply to new purchases, balance transfers or both. When a 0% introductory rate is offered on balance transfers, there will usually be a balance transfer fee of 3% or 5% of the amount transferred.
But regardless of the rate you receive, nearly all credit cards now offer variable rates that can rise or fall with the Prime Rate. The Prime Rate itself is dependent on the Federal Funds rate, which can rise or fall with decisions made by the Federal Reserve's Open Market Committee. When the Prime Rate changes, nearly all of the credit card interest rates in the U.S. will change as well.
Best 0% intro APR cards of 2026
Compare cards from our partners with 0% intro APR offers on balance transfers, purchases or both.
Offers from our partners
Citi Double Cash® Card
Intro APR:0% for 18 months on Balance Transfers
Ongoing APR:18.24% - 28.49% (Variable)
Rewards:
2% (cash back)
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
Annual Fee:$0
Blue Cash Everyday® Card from American Express
Intro bonus:
As High As $200 Cash Back. Find Out Your Offer.
You may be eligible for as high as $200 cash back after spending $2,000 in purchases on your new Card in the first 6 months. Welcome offers vary and you may not be eligible for an offer. Cash back is received as Reward Dollars, redeemable for statement credit or at Amazon.com checkout. Terms Apply.
Intro APR:0% on Purchases and Balance Transfers for 15 months
Ongoing APR:19.49%-28.49% Variable
Rewards:
1% - 3% (cash back)
Earn 3% cash back at U.S. supermarkets, 3% cash back on U.S. online retail purchases, 3% cash back at U.S. gas stations, on eligible purchases for each category on up to $6,000 per year in purchases (then 1%). Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit and at Amazon.com checkout.
Annual Fee:$0
Wells Fargo Reflect® Card
Intro APR:0% intro APR for 21 months from account opening on purchases and qualifying balance transfers
Ongoing APR:17.49%, 23.99%, or 28.24% Variable APR
Rewards:
N/A
Annual Fee:$0
American Airlines AAdvantage® MileUp® Card
Intro APR:0% for 15 months on Balance Transfers
Ongoing APR:19.49% - 29.49% (Variable)
Rewards:
2x (Miles per dollar)
Earn 2 AAdvantage® miles for each $1 spent at grocery stores, including grocery delivery services. Earn 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases. Save 25% on inflight food and beverage purchases when you use your card on American Airlines flights
Annual Fee:$0
Bank of America® Customized Cash Rewards credit card
Intro bonus:
$200
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
Intro APR:0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days
Ongoing APR:17.49% - 27.49% Variable
Rewards:
1% - 6% (cash back)
Earn 6% cash back for the first year in the category of your choice. You’ll automatically earn 2% cash back at grocery stores and wholesale clubs, and unlimited 1% cash back on all other purchases. After the first year from account opening, you’ll earn 3% cash back on purchases in your choice category. Earn 6% and 2% cash back on the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. After the 3% first-year bonus offer ends, you will earn 3% and 2% cash back on these purchases up to the quarterly maximum.
Annual Fee:$0
Bank of America® Travel Rewards credit card
Intro bonus:
25,000 Points
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
Intro APR:0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days
Ongoing APR:17.49% - 27.49% Variable
Rewards:
1.5x - 3x (Points per dollar)
3 points per $1 spent on travel purchases booked through BofA Travel and 1.5 points per $1 spent on everyday purchases
Annual Fee:$0
BankAmericard® credit card
Intro APR:0% Intro APR for 21 billing cycles for purchases, and for any balance transfers made in the first 60 days
Ongoing APR:14.99% - 25.99% Variable
Rewards:
N/A
Annual Fee:$0
Bank of America® Unlimited Cash Rewards credit card
Intro bonus:
$250
Limited Time Offer! $250 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
Intro APR:0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days
Ongoing APR:17.49% - 27.49% Variable
Rewards:
1.5% (cash back)
1.5% cash back on all purchases
Annual Fee:$0
See all our best 0% intro credit cards for 2026.
What Is a low APR?
The Board of Governors of the Federal Reserve System releases reports that compile the average credit card rates. In February 2018, the average rate on all accounts was 13.83% APR. If you find a credit card interest rate that is lower than these, then you know that you have a lower than average rate.
How to Find Credit Cards With the Lowest APRs
While some companies are allowed to hide the terms of their products in the fine print, the credit card industry is different. By law, credit card issuers are required to disclose their credit card rates and fees in a standard format, using a enlarged print. This format is called the Schumer Box, after New York Senator Charles Schumer who championed the provision requiring a standard table.
When you look for a card's APR, you'll find it in the Schumer Box, which will list the card's standard interest rate for purchases, balance transfers, and cash advances. When looking for a credit card online, you'll always find a link to this table labeled something like "rates and fees" or "terms and conditions." There might also be a penalty APR, which can apply when you fail to make your payments on-time.
But instead of listing a single interest rate for each of these types of balances, most credit cards will offer multiple rates or a range of rates. The rate you receive will depend on your creditworthiness when you open your account.
When you're looking to save money on interest charges, it's important to find a low APR credit card. By looking past the cards with attractive rewards and benefits, and focusing on a card's introductory and regular interest rates, you'll find the card with the lowest possible rate available to you.
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About the author
Jason Steele
Jason Steele is a journalist who specializes in covering credit cards, award travel, and other areas of personal finance. As one of the nation's leading experts in the credit card industry, Jason's work has been featured at mainstream outlets such as Yahoo! Finance, MSN Money, and Business Insider.
Read more from Jason