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A low interest credit card saves you money by reducing the cost of debt: When you’re paying less in interest, you can pay back what you’ve borrowed more quickly. A card with a 0% intro APR period will save you the most on interest in the short term. Look for one with an introductory interest-free period longer than a year. If you tend to carry a balance most months, a card with a low ongoing interest rate will work to your advantage in the long run.
Some of our selections for the best 0% and low interest credit cards can be applied for through Fundsamentally, and some cannot. Below, you’ll find application links for the credit cards from our partners that are available through Fundsamentally, followed by the full list of our picks.
Our pick for
Cash back
The Chase Freedom Unlimited® starts you out with an excellent 0% intro APR period (and a nice bonus offer) and delivers ongoing value with its cash back rewards.
Chase Freedom Unlimited Card
ANNUAL FEE: $0
INTRO APR: 0% intro APR for 15 months on purchases and balance transfers
REGULAR APR: 20.49%-29.24% Variable APR
RECOMMENDED CREDIT SCORE: 650-850 (Good – Excellent)
Pros
- No annual fee
- Intro APR period
- High rewards rate
- No minimum redemption amount
Cons
- Requires good/excellent credit
CARD DETAILS:
– Unlimited Matched Cash Back. Use your card for all your purchases and at the end of your first year, Chase will automatically match all the cash back you earned! There is no limit to how much you can earn. Every dollar in cash back rewards you earn is a dollar Chase will match.
– Unlimited 1.5% cash back is just the beginning of what you can earn. You’ll enjoy 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery services, 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; and 1.5% cash back on all other purchases.
– Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% – 29.24%.
– No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
– No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card.
– Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
– Member FDIC
Our pick for
Highest flat-rate cash back
The $0-annual-fee Wells Fargo Active Cash® Card is ideal for financing a large purchase, and it’s also a great card to keep around even after that thanks to its high ongoing rewards rate on everything you buy.
Wells Fargo Active Cash Card
ANNUAL FEE: $0
INTRO APR: 0% intro APR on Purchases for 15 months from account opening and 0% intro APR on Balance Transfers for 15 months from account opening on qualifying balance transfers
REGULAR APR: 20.24%, 25.24%, or 29.99% Variable APR
RECOMMENDED CREDIT SCORE: 650-850 (Good – Excellent)
Pros
- High rewards rate
- No annual fee
- Intro APR period
Cons
- No bonus categories
CARD DETAILS:
– Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months
– Earn unlimited 2% cash rewards on purchases
– 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 20.24%, 25.24%, or 29.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
– $0 annual fee
– No categories to track or remember and cash rewards don’t expire as long as your account remains open
– Enjoy a premium collection of benefits at a selection of the world’s most intriguing and prestigious hotel properties with Visa Signature Concierge
Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
– Select “Apply Now” to learn more about the product features, terms and conditions
Our pick for
Grocery and gas rewards
American Express Cash Blue
ANNUAL FEE: $0
INTRO APR: 0% intro APR for 15 months on purchases and balance transfers
REGULAR APR: 19.24%-29.99% Variable APR
RECOMMENDED CREDIT SCORE: 650-850 (Good – Excellent)
Pros
- Start with a 0% intro APR for 15 months on purchases and balance transfers, and then the ongoing APR of 19.24%-29.99% Variable APR. You earn 3% cash back at U.S. supermarkets, at U.S. gas stations and on U.S. online retail purchases (on up to $6,000 per year in spending in each category). Other purchases earn 1% back. (Terms apply.) There’s a nice welcome offer, too.
Cons
- This card doesn’t offer the transit or streaming benefits of its annual-fee cousin, the Blue Cash Preferred® Card from American Express. And if you spend at least $61 per week at the supermarket, you may be better off paying the annual fee on that card because you’ll come out ahead with the higher rewards rate. But that other card has a shorter 0% intro APR period.
CARD DETAILS:
– Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
– No Annual Fee.
– Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 19.24% to 29.99% variable APR.
– 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
– 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
– 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
– Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Everyday® Card. Enrollment required.
– Enjoy up to $15 back per month when you purchase a Home Chef meal kit subscription (subject to auto renewal) with your enrolled Blue Cash Everyday® Card.
– Terms Apply.