Low Interest Credit Cards

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Are you looking for a low interest credit card so that you can save on interest fees when you carry a balance from month to month? If that’s the case, you should go for low interest credit cards which offer introductory rates from as low as 0% for a certain period of time.

Whether you are booking a vacation package, buying an expensive gift or transferring an existing card balance, there is nothing better than being assured that you will only have to pay a low interest rate for your purchases or balance transfers if you won’t be able to repay within the same month.

Using DailyMarkets.com’s search wizard, I’ve come up with a list of the top 11 best credit cards offering low interest, all of which have no annual fee.

Citi Simplicity Card. This new card, issued by Citibank (NYSE:C), has a 0% intro APR on purchases for 18 months, and also a 0% intro APR on balance transfers for 18 months. After those first 18 months, you will have to pay a variable APR of 12.99%, 17.99% or 21.99%, depending on your credit score. Citi Simplicity is at the top of my recommendation list because it doesn’t charge any late fees, or increase your interest rate when you miss a payment due date.

Slate from Chase – No Balance Transfer Fee. This low interest Chase card has a 0% intro APR on both purchases and balance transfers for 15 months, and on top of that, you pay no balance transfer fee at all if you transfer a balance from another card to Chase Slate within the first 30 days of account opening. All other cards charge a 3-5% balance transfer fee when you make a balance transfer. After the intro period, you will have to pay a variable APR of 11.99%, 16.99% or 21.99% depending on your credit score.

Chase Freedom Visa $100. This Visa (NYSE:V) card by JPMorgan Chase (NYSE:JPM) has a 0% intro APR on purchases and on balance transfers for 15 months. After the intro period, variable APR for both purchases and balance transfers will be 12.99% – 22.99%, depending on your credit score. You’ll also get 5% cash back on quarterly rotating categories of purchases and 1% cash back on all other purchases. This Chase Freedom card offers a signing bonus of $100, which you’ll receive after spending just $500 within the first 3 months.

Citi Diamond Preferred Card. With this card, you will enjoy a 0% intro APR for 18 months on both purchases and balance transfers. After that, your variable APR will be either 11.99%, 16.99% or 21.99%, depending on your credit score. You’ll also have access to its 24/7 Diamond Preferred concierge service.

Discover More Card. This card, issued by Discover (NYSE:DFS), offers 0% intro APR on purchases and balance transfers for 15 months, and a variable APR of 10.99% – 20.99% thereafter. You will get 5% cash back on quarterly rotating categories of purchases.

Capital One Platinum Prestige Credit Card. This card, issued by Capital One Financial (NYSE:COF), gives you 0% intro APR on purchases and balance transfers till September 2013. You pay 10.9% – 18.9% variable APR after that. No foreign transaction fee when you use the Platinum Prestige card outside the US.

Citi Platinum Select Visa Card. This card gives you a 0% introductory APR on purchases and balance transfers for 18 months. After that, the variable APR is 11.99% – 21.99%, depending on your credit score.

Capital One VentureOne Rewards Card. This card offers 0% intro APR on purchases till June 2013, after that, you will have to pay a variable APR of 11.99%-19.99% depending on your credit score. Capital One VentureOne card gives you 10,000 bonus miles once you spend $1,000 in the first 3 months. Earn 1.25 miles per dollar on every purchase.

Blue Cash Everyday Card from American Express. This American Express (NYSE:AXP) credit card offers a 0% intro APR on purchases for up to 12 months. Thereafter, you will have to pay a variable 17.24% – 22.24% APR on the balances you hold. Get up to 3% cash back on your purchases. You’ll receive $100 bonus cash back when you spend $1,000 on purchases within the first 3 months. Cash back you earn is given as statement credit.

Discover Motiva Card. You will get 0% intro APR on purchases and balance transfers for 15 months. Thereafter, your variable APR will be 10.99% – 20.99%, depending on your creditworthiness.

Discover Open Road Card. This travel rewards card has a 15-month 0% intro APR to repay your purchases and balance transfers. After that, you will only have to pay 10-99% – 20.99% variable APR depending on your credit score. You will receive 2% cash back on gas and restaurants on your first $250 in combined purchases each month.