Although people looking for a US credit card are interested in a variety of features and services, the one aspect that most people want more than anything else is a card with low interest. After all, the amount of interest charged plays a significant role in how well the balance can be managed. In fact, a US credit card with high interest could be detrimental to a person’s credit score in the case of overspending or financial mismanagement.
The good news is that finding low interest US credit cards is not difficult. In fact, all of the primary credit card companies and banks have several different options. However, just as you would when looking for other features, it is most important that you understand interest charged during the introductory period, the length of this period, the Annual Percentage Rate after the introductory period, the minimum and maximum interest that would be charged, etc.
You would also want to know if a different interest would be charged for account balance transfers or other functions. In the case of finding low interest US credit cards, taking time to read the fine print is essential in that sometimes, critical information is strategically placed, making it hard to find. To help you get started, we have provided some of the better low interest credit cards in the US that should be considered.
• Capital One VentureOne Rewards Credit Card – In addition to this US credit card offering a 0% Annual Percentage Rate during the introductory period until June of 2011, it also has no annual fee, no foreign transaction fee, and it offers 1.25 miles for every $1 spent on purchases. In addition, the miles have no expiration and there is no limit as to the number of miles you can accumulate. At the end of the introductory period, the interest remains low at 11.90%.
• Citi Diamond Preferred Credit Card – This card is another great choice for a low interested US credit card. The 12 month introductory period offers 0% APR, after which time it becomes 9.99% to 19.99%. Other benefits include no annual fee, balance transfer options, and theft identity solutions.
• Citi Dividend Platinum Select MasterCard – This Citi credit card is popular, one with a 0% APR during a full 15 months. Once the introductory period ends, the APR would change to 12.99% to 20.00%. Then for eligible purchases, you would earn 1% cash back. Additionally, when buying meals at restaurants, renting a car, or staying at a hotel from July 1, 2010 through September 30, 2010, a 5% cash back reward is offered. This low interest US credit card also charges no annual fee and balance transfers are allowed.
• BankAmericard Power Rewards Visa Signature Credit Card – With this, the regular APR would range from 12.99 to 20.99% but for purchases and balance transfers during seven to ten billing cycles, the APR is set at 0%. The card also pays three points for every $1 spent on groceries, drug store items, and gas for the first six months of being a cardholder, as well as one point for all other purchases. These points can be redeemed for unrestricted travel, hotel stays, rental cars, gift certificates, merchandise, and even cash.
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