Top 10 Low-Interest Credit Cards for December 2024

Carrying a balance on a credit card with a low APR is essential to minimize high interest charges. According to the Federal Reserve, the average APR for credit cards is 15.13%, rising to 16.65% for accounts with interest. For example, with a 17% APR and a $1,000 balance, paying just $20 monthly would take over seven years to pay off and cost $794 in interest—nearly doubling your original balance.

Low-interest credit cards are a smart choice for those carrying balances month-to-month. Many come from credit unions, but we’ve prioritized options open to anyone. To secure the lowest rates, good or excellent credit is usually required.

While some cards offer rewards, we focused on minimizing interest when choosing the best options. Below, Finance Monthly reviews top low-interest credit cards to help you save on interest while enjoying other perks. Keep in mind, your credit score will impact the rate you qualify for.

Top10 Low-Interest Credit Cards for December 2024

Here’s the information formatted in a table:

Credit Card NerdWallet Rating Annual Fee Intro APR Regular APR Learn More
Wells Fargo Reflect® Card 4.5/5 $0 0% intro APR for 21 months on purchases and qualifying balance transfers 17.49%, 23.99%, or 29.24% Variable APR Wells Fargo's website
BankAmericard® credit card 4.6/5 $0 0% intro APR on purchases for 18 billing cycles and on balance transfers for 18 billing cycles (first 60 days) 15.74%-25.74% Variable APR Bank of America's website
Chase Freedom Unlimited® 5.0/5 $0 0% intro APR on purchases and balance transfers for 15 months 19.99%-28.74% Variable APR Chase's website
U.S. Bank Visa® Platinum Card 4.5/5 $0 0% intro APR for 18 billing cycles on purchases and balance transfers 17.99%-28.99% Variable APR U.S. Bank's website
Blue Cash Everyday® Card from American Express 4.9/5 $0 0% intro APR for 15 months on purchases and balance transfers 18.49%-29.49% Variable APR American Express' website
Capital One Savor Cash Rewards Credit Card 5.0/5 $0 0% intro APR for 15 months on purchases and balance transfers (balance transfer fee applies) 19.74%-29.74% Variable APR Capital One's website
Bank of America® Customized Cash Rewards 4.0/5 $0 0% intro APR on purchases and balance transfers for 15 billing cycles (first 60 days) 18.74%-28.74% Variable APR Bank of America's website
Bank of America® Travel Rewards Credit Card 3.8/5 $0 0% intro APR on purchases and balance transfers for 15 billing cycles (first 60 days) 18.74%-28.74% Variable APR Bank of America's website
Capital One Quicksilver Cash Rewards 4.6/5 $0 0% intro APR for 15 months on purchases and balance transfers (balance transfer fee applies) 19.74%-29.74% Variable APR Capital One's website
Bank of America® Unlimited Cash Rewards 4.6/5 $0 0% intro APR on purchases and balance transfers for 15 billing cycles (first 60 days) 18.74%-28.74% Variable APR Bank of America's website