2017 RANKING & REVIEWS
TOP RANKING BEST CHEAP CREDIT CARDS


Choosing Cheap Credit Cards Saves Money Each Month

For the credit card holders in this country who are able to pay off their balances each month, having low interest rates does not make much difference. But since just over 38% of households in America carry credit card debt, many understandably wonder which credit cards have the lowest interest rates.

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Award Emblem: Top 6 Best Cheap Credit Cards

This is why we have created the ultimate 2017 guide to the cheapest credit card rates. If you are looking to apply for low-interest credit card options, check out our findings first so you can get answers to the following questions:

  • What are the cheap credit cards offering low interest rates?
  • Who is a cheap-rate credit card for exactly?
  • What are the average credit card interest rates?
  • Are there any cheap credit cards for bad credit?
  • Does any low-fee credit card also have low interest?

With this information, you can apply for low-interest credit card choices with confidence and the knowledge of what works best for you and your finances in 2017.



AdvisoryHQ’s List of the Top 6 Best Lowest Credit Card Interest Rates

List is sorted alphabetically (click any of the credit card names below to go directly to the detailed review section for that credit card):


Top 6 Best Low-Rate Credit Card Choices| Brief Comparison & Ranking

Cheap-Rate
Credit Card

APR
Range

Intro
APR
Offer

APR
Penalty?

BB&T Bright® Card

8.40–17.40%

0% for
15 months

NONE

Cash Rewards Credit Card

10.49–21.499%

0% for
15 months

N/A

PNC CORE VISA®

10.24–20.24%

0% for
15 months

29.24%

Regions Premium Visa® Signature Credit Card

12.24%

0% for
12 months

N/A

TD First Class Visa® Signature Credit Card

13.49%

NONE

N/A

U.S. Bank Platinum Visa® Card

10.24–21.24%

0% for
12 months

NONE

Table: Top 6 Best Cheapest Credit Card Rates | Above list is sorted alphabetically



What Is the Average APR?

Before we look to see which credit cards have the lowest interest rates, it is important to see what the average annual percentage rate (APR) is for credit cards across the country.

BankRate says the average credit card interest rate in November of 2016 was 16.28%. In August of 2016, CreditCards.com reported that the national average APR was 15.18%, for bad credit it was 22.56%, and for the best low-rate credit card it was 11.98%.

This means any credit cards less than 16% could easily be considered the cheapest credit cards. If the rate goes under 10%, though, it is fabulous.

See Also: Top Best 0 APR Credit Cards | Ranking | Top Credit Cards with 0 APR Offers (Reviews)


How Is Your APR Determined?

Throughout our list of the top cheap credit cards, you will see a reference to APR ranges. Why do credit cards offer these ranges, and how do they determine which APR will belong to you?

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Image source: Flickr

In short, whatever APR you get will heavily depend upon your creditworthiness. This means if you have an excellent credit score, you will land one of the top cheap credit cards. The higher your credit score, the higher your APR rate.

This means getting the lowest credit card interest rates is heavily dependent upon your prior spending habits. Fortunately, it is possible to raise your credit score. This means you are capable of getting the credit cards with the lowest interest rate eventually.



AdvisoryHQ’s Selection Methodology

What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?

Please click here “AdvisoryHQ's Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.


Detailed Review—Top Ranking Best Cheap Credit Cards

Below, please find the detailed review of each credit card on our list of cheapest credit cards. We have highlighted some of the factors that allowed these credit cards with the lowest interest rate to score so high in our selection ranking.

Don’t Miss: Top Capital One Credit Cards | Ranking | Compare Best Capital One Credit Card Offers & Promotions (Reviews)



BB&T Bright® Card Review


First up on our list of the top cheap credit cards is the BB&T Bright® Card. Without a doubt, this is one of the credit cards with the lowest interest rates you can find. With the low APR range dipping into the single digits, you can be sure to pay very low interest rates.

This cheap-rate credit card is not only for those with excellent credit. You can have fair to good credit in order to qualify for the cheapest credit card rates, though your credit may affect where you land on their APR spectrum.

How It Offers the Lowest Credit Card Interest Rates

  • Low minimum APR at 8.40%
  • Even the highest APR (17.40%) only slightly higher than the national average
  • 0% APR introductory offer for 15 months

Best Low-Rate Credit Card #1: The Other Highlights

  • No annual fee
  • Zero liability with unauthorized purchases on the card 
  • Travel, travel accident, and emergency service assistance


Cash Rewards Credit Card Review


Not only does the next card on our list of cheapest credit card rates have a nice low APR, it also a low-fee credit card that offers a cash back program. With the Cash Rewards Credit Card from SunTrust, you not only save money with their low-cost credit cards, you can also make up to 5% cash back.

All purchases on these cheap credit cards earn at least 1% cash back. With gas and grocery you can earn 2% cash back. But for the first 12 months, you can earn up to 5% cash back on gas and grocery. Luckily, these lowest credit card interest rates are not only for those with excellent credit.

How It Offers the Lowest Credit Card Interest Rates

  • Possibility of low minimum APR at 10.49%
  • 0% APR introductory offer for 15 months

Best Low-Rate Credit Card #2: The Other Highlights

  • No annual fee
  • No foreign transaction fee on this low-fee credit card
  • Free monthly access to your FICO credit score
  • Chip technology enabled 

Related: Top Best Small Business Credit Cards for Small Business Owners | Ranking | Top Small Business Credit Cards



PNC CORE VISA® Review


The third card to make our list of the cheapest credit card rates is the PNC Core Visa® credit card. This is a straightforward credit card that simply helps you save money by offering a low APR range and a long 0% introductory offer.

Fortunately, this cheap-rate credit card is not just for those with excellent credit. You can also have fair to good credit in order to qualify for these cheap credit cards. Keep in mind your credit score may affect where you land on their APR spectrum, however.

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Image source: Pixabay

How It Offers the Lowest Credit Card Interest Rates

  • Possibility of low minimum APR at 10.24%
  • 0% APR introductory offer for 15 months

Best Low-Rate Credit Card #3: The Other Highlights

  • No annual fee
  • $0 fraud liability on unauthorized charges
  • Travel and emergency protection assistance 
  • Online access for bill pay


Regions Premium Visa® Signature Credit Card Review


Next on our list of cheap credit cards is the Regions Premium Visa® Signature Credit Card. While this card does not have the lowest APR on our list, it only has one low APR option. This means the highest APR you could receive on this cheap-rate credit card is the low 12.24% (compare this to the other higher ranges that often go higher than 20%).

Since these cheapest credit card rates are not only for those with excellent credit, this system can be a great option for those needing cheap credit cards for bad credit. Regions will accept fair credit scores on these low cost credit cards. If you cannot get the low APRs on the other cards, try this option. Plus, you can earn rewards.

How It Offers the Lowest Credit Card Interest Rates

  • Everyone getting low APR of 12.24% makes these cheap credit cards for bad credit or no credit
  • 0% APR introductory offer for 12 months

Best Low-Rate Credit Card #4: The Other Highlights

  • 1.5 points for every dollar spent
  • Double points on qualifying purchases within the first 90 days 
  • Trip cancellation protection


TD First Class Visa® Signature Credit Card Review


For looking at which credit cards have the lowest interest rates, the TD First Class Visa® Signature Credit Card is next on the list. This is a similar cheap-rate credit card to the Regions credit card. They offer one low-rate APR, making it a great option for those who possibly need cheap credit cards for bad credit and cannot get a lower rate.

These cheapest credit card rates also come alongside a nice rewards system. All purchases earn you 1 point, but travel and dining purchases can earn you 3 points per dollar spent. For the lowest credit card interest rates, this does have one of the higher annual fees, however.

How It Offers the Lowest Credit Card Interest Rates

  • Everyone getting low APR of 13.49% makes these cheap credit cards for bad credit or no credit

Best Low-Rate Credit Card #5: The Other Highlights

  • $0 annual fee for first year ($89 after that)
  • No foreign transaction fee
  • Free VantageScore to help manage credit
  • BONUS OFFER: 25,000 bonus miles during the first 6 months of having this best low rate credit card

Popular Article: Top Best Credit Cards for Miles | Ranking | Best Miles Credit Card Reviews


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U.S. Bank Platinum Visa® Card Review


The final card on our list of the cheapest credit card rates for 2017 is the U.S. Bank Platinum Visa® Card. This is another simple and straightforward low-fee credit card with a nice APR range and no annual fee.

Like others, these cheapest credit cards are not only for those with excellent credit. You can have fair to good credit in order to qualify for the cheapest credit card rates, though your credit may affect where you land on their APR spectrum.

How It Offers the Lowest Credit Card Interest Rates

  • Possibility of low minimum APR at 10.24%
  • 0% APR introductory offer for 12 months

Best Low-Rate Credit Card #6: The Other Highlights

  • No annual fee
  • Zero fraud liability
  • Auto rental insurance
  • Automatic bill pay

Conclusion—Top 6 Best Low-Rate Credit Card Options

We have taken a closer look at some of the top cheapest credit cards for 2017. Now it is your turn to determine which of these cheap credit cards is perfect for your current financial situation.

To start your research, we have compiled a list of important questions to ask yourself. This will help guide you in the direction of the right credit cards with the lowest interest rate for you.

  • Are you looking for cheap credit cards for bad credit? Take a peek at the low-cost credit cards that offer one low APR rate. You may qualify.
  • Are you trying to cut down fees? Look into a low-fee credit card with a low APR range to keep all costs down.
  • Are you interested in earning rewards or cash back? Plenty of the cheapest credit card rates still offer great rewards programs, though many of these cards do not qualify as a low-fee credit card. They often charge higher annual fees.

With the knowledge of which credit cards have the lowest interest rates, you can know apply for low-interest credit card options and save money each month in 2017.

Read More: Top Best Travel Credit Card Offers | Ranking | Best Credit Cards For Travel (Reviews)



AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.