The Ultimate Guide to Credit Cards
Thursday, July 9, 2020

17 Cheap Credit Cards with Low Interest and $0 Fees

17 Cheap Credit Cards with Low Interest and $0 Fees

credit card advice

Brittney Mayer
By: Brittney Mayer
Updated: June 12, 2020
Advertiser Disclosure

Let’s talk about cheap credit cards — that is — cards with low interest rates and no fees. When you think about it, fees are a lot like the ninjas of the credit card world. They’re excellent at hiding, they can sneak up on you when you least expect it — and they can cost you a limb if you’re not careful. But while ninjas are notoriously difficult to best, most credit card fees can be defeated simply by choosing the right card (and using it wisely).

The key to minimizing the costs of your credit card is to select a cheap card to begin with. This means choosing a card with a low APR to avoid high interest fees if you’re prone to carrying a balance, or keeping a low (or, better, $0) balance on a card with no annual or service fees to avoid extra costs altogether. Let’s take a look at some of our top choices for credit cards on the market today that feature low APR offers and no fees.

Low APR | No Fee

Compare the Best “Low APR” Credit Cards

Unlike one-and-done annual and service fees, interest rate charges aren’t temporary house guests; every billing cycle you carry a balance can mean more interest fees added to the pile. And while you can avoid interest charges by paying off your balance during the card’s grace period (i.e., before your due date), it simply isn’t an option for every cardholder on every statement.

Thankfully, there are ways to skip the interest fees — or, at least, minimize them — with the right credit card. Whether you have a big purchase coming up, want a lower rate on a balance you already carry, or just want a card that always offers a low APR, you can find a way to cut your credit card interest costs.

Intro-APR New Purchases | Intro-APR Balance Transfers | Low Ongoing APR

Best Credit Cards with 0% Intro-APR on New Purchases

Credit cards can be a fantastic way to make a big purchase, both because of the ease of use — no bulky stacks of cash to carry to and fro — and the awesome rewards you can earn. What’s less fantastic are the high interest charges that big purchase can accrue if you fail to pay off your balance before the end of your billing cycle. That’s where introductory 0% APR credit card offers can save you a bundle.

Though the best intro-APR credit card offers will require good to excellent credit to qualify, they can provide up to 18 months of interest-free financing. Plus, you’ll still earn rewards on all of your eligible new purchases. Many of our favorite intro-APR new purchase deals, such as the ones listed below, also come free from annual fees, making them truly cheap credit cards.

0% INTRO APR RATING

★★★★★
4.9

OVERALL RATING

5.0/5.0
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% 15 Months
N/A
14.99%–23.74% Variable
$0
Good/Excellent

0% INTRO APR RATING

★★★★★
4.9

OVERALL RATING

5.0/5.0
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99 - 23.74%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
14.99% - 23.74% Variable
$0
Good/Excellent
Bank of America® Cash Rewards Credit Card Review

at Bank Of America'ssecure website

0% INTRO APR RATING

★★★★★
4.7

OVERALL RATING

4.7/5.0
  • 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings
  • 2% cash back at grocery stores and wholesale clubs
  • 1% cash back on all other purchases
  • You’ll earn 3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%
  • There's no annual fee and your cash rewards don't expire. Each month, as you plan for future purchases, you can change your 3% choice category online or through our mobile app.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 Billing Cycles
0% Intro APR for 15 Billing Cycles (for balance transfers made in the first 60 days)
13.99% - 23.99% (Variable)
$0
Excellent/Good

+See More Intro-APR New Purchases Credit Cards

An important thing to remember about introductory-APR deals is the “introductory” part. Once your promotional period expires, your purchase APR will revert to the default APR, which can be found in the cardholder agreement. Be sure to pay off your new purchases before the end of your intro-APR period to avoid being charged interest on those purchases. And go ahead and set a calendar alert on your smartphone or in your email to remind when that introductory rate is set to expire, just to be on the safe side.

Best Credit Cards with 0% Intro-APR on Balance Transfers

While lower-APR credit cards are certainly out there (several are listed in the next section, in fact), cards with high APRs are just as — if not more — abundant in the modern marketplace. Whether you had poor credit once upon a time, are paying a penalty APR for an old mistake, or otherwise got trapped with a high-interest credit card, you may have a way out: an introductory 0% APR balance transfer deal.

The best intro-APR balance transfer credit card deals last 15 months or more, during which time you’ll pay no interest on eligible transferred balances. Although most credit cards will charge a balance transfer fee to transfer a balance onto that card, our list of top-rated balance transfer cards includes a fee-free option.

0% BALANCE TRANSFER RATING

★★★★★
4.9

OVERALL RATING

4.7/5.0
  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
0% for 21 months
14.74% - 24.74% (Variable)
$0
Excellent/Good

0% BALANCE TRANSFER RATING

★★★★★
4.9

OVERALL RATING

4.6/5.0
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. After that, the variable APR will be 13.74% - 23.74%, based on your creditworthiness. All transfers must be completed in first 4 months.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 13.74% - 23.74%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balance, are paid in full.
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® score online.
  • With Citi Entertainment℠, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
0% for 21 months
13.74% - 23.74% (Variable)
$0
Excellent/Good

0% BALANCE TRANSFER RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
0% for 18 months
13.99% - 23.99% (variable)
$0
Excellent/Good

+See More Intro-APR Balance Transfer Credit Cards

There are a few things to note when it comes to balance transfers, starting with the fact that you won’t earn rewards on transferred balances; only new purchases typically earn rewards. Additionally, balance transfers aren’t subject to the new purchase grace period that allows you to avoid interest fees. This means your transferred balance can start accruing interest right away if you don’t have an intro-APR deal.

Best Credit Cards with Low Ongoing APRs

For all that intro-APR offers can save cardholders tons of money in interest fees, they are, by nature, temporary deals. Once your introductory period expires, you’ll be charged the default interest rate for that purchase type, be it new purchases or transferred balances. If you’re prone to carrying balances over the long term, you may fare best with a credit card that offers a low ongoing APR.

The APR you are offered for a specific card depends on your credit score and the card’s available APR range. Those with the best credit scores will be offered the lowest interest rates, but you can skew the odds in your favor by applying for a card with a low APR range in the first place. Our favorite low-APR cards offer rates as low as 11.99% to qualified applicants.

LOW APR RATING

★★★★★
4.6

OVERALL RATING

4.6/5.0
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. After that, the variable APR will be 13.74% - 23.74%, based on your creditworthiness. All transfers must be completed in first 4 months.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 13.74% - 23.74%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balance, are paid in full.
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® score online.
  • With Citi Entertainment℠, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
0% for 21 months
13.74% - 23.74% (Variable)
$0
Excellent/Good

LOW APR RATING

★★★★★
4.6

OVERALL RATING

4.8/5.0
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
0% for 18 months
13.99% - 23.99% (variable)
$0
Excellent/Good

LOW APR RATING

★★★★★
4.6

OVERALL RATING

4.6/5.0
  • The Citi Rewards+℠ Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
  • Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com
  • 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 13.49% - 23.49%, based on your creditworthiness. Balance transfer fee — either $5 or 3% of the amount of each transfer, whichever is greater.
  • Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X Points on All Other Purchases.
  • The standard variable APR for Citi Flex Plan is 13.49% - 23.49%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
13.49% - 23.49% (Variable)
$0
Good/Excellent

+See More Low Ongoing APR Credit Cards

Since your credit score is the major factor that decides your interest rates, the best way to get better (read: lower) rates, is to improve your credit score. Depending on your initial score, something as simple as paying down current credit card balances could lead to a credit score increase and allow you to get a lower interest rate.

Compare the Best “No Fee” Credit Cards

Of course, even if you diligently pay your balances and make use of introductory-APR offers to eliminate interest charges, you aren’t out of the proverbial fire. There are plenty more credit card fees waiting to inflate the cost of your card, including annual maintenance fees, as well as service fees for using specific features of your card.

However, just as you can avoid interest fees with the right card and a little diligence, so, too, can you reduce — or even eliminate — the myriad other fees that turn a cheap credit card into a costly one. And that doesn’t simply mean avoiding all of your card’s benefits and services; you can have your bells and whistles, and play them, too.

No Annual Fee | No Balance Transfer Fee | No Foreign Transaction Fee

Best Credit Cards with No Annual Fees

Credit card annual fees are an all-purpose type of fee, generally charged to cover various perks and rewards offered by the card, such as airline credits or cash back rewards. As such, the only real way to avoid paying an annual fee is to choose a credit card that doesn’t charge one.

Happily, a large number of credit cards are available that come annual-fee-free — and you won’t need to forfeit rewards for the privilege, either. Not only can you find no annual fee cards that provide awesome rewards rates, but also solid signup bonuses, including great intro-APR deals. Start comparing your options with our expert-rated picks below.

BEST OVERALL RATING

★★★★★
5.0

OVERALL RATING

5.0/5.0
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99 - 23.74%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
14.99% - 23.74% Variable
$0
Good/Excellent
11

Discover it® Cash Back

This card is currently not available.

Best Overall Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

BEST OVERALL RATING

★★★★★
5.0

OVERALL RATING

5.0/5.0
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% 15 Months
N/A
14.99%–23.74% Variable
$0
Good/Excellent

+See More Credit Cards with No Annual Fees

Although you certainly can find great cards without annual fees, sometimes that annual fee may be worth the cost. For example, the American Express Blue Cash Preferred card charges a $95 annual fee, but provides 6% cash back rewards on your first $6,000 worth of grocery purchases each year. So, you’d only need to spend about $32 a week on groceries with your card to break even on the annual fee — less than a third of what a typical family spends.

Best Credit Cards with No Balance Transfer Fees

Balance transfers can be an excellent tool for reducing your interest rate and, thus, lowering (or, preferably, eliminating) your interest fees. Unfortunately, the vast majority of balance transfer cards offered by major banks come with a costly balance transfer fee. Since these fees are usually 3% to 5% of the total transferred balance, you could be looking at hundreds of dollars, depending on your balances.

While credit unions and smaller community banks may be more likely to offer cards free from balance transfer fees, most of the cards offered by major issuers will charge a fee — but not all. You can find a small handful of fee-free balance transfer cards that won’t charge a balance transfer fee or annual fee.

13

Discover it® Balance Transfer

This card is currently not available.

0% Balance Transfer Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A
BankAmericard® Credit Card Review

at Bank Of America'ssecure website

EXPERT'S RATING

★★★★★
4.6

OVERALL RATING

4.6/5.0
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days, then 12.99% to 22.99% Variable APR
  • $0 Intro Balance transfer fee during first 60 days of account opening. After that, the fee for future balance transfers is 3% (min. $10).
  • No annual fee
  • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply.
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 billing cycles
0% Intro APR for 15 Billing Cycles (for balance transfers made in the first 60 days)
12.99% to 22.99% (Variable)
$0
Excellent/Good

+See More Credit Cards with No Balance Transfer Fees

Something to keep in mind: most cards offering a break on the balance transfer fee will require that qualifying balances be transferred shortly after opening your account (generally within the first 90 days). Balances transferred after the exempt period will be charged a regular balance transfer fee.

Best Credit Cards with No Foreign Transaction Fees

Traveling abroad can be an exciting experience, full of new places, new people — and new currencies. But where each border crossing once required changing out one pocket of strange bills and coins for another, credit cards have made the currency transition almost painless — almost. The convenience of having your credit card deal with the currency conversion comes with a cost: foreign transaction fees.

Generally charged to cover the costs of converting your funds to and from American dollars, foreign transaction fees are typically between 2% and 4% of your purchase total, which can add up quickly. As with annual fees, the only real way to avoid foreign transaction fees (other than avoiding foreign transactions) is to choose a card that doesn’t charge them, starting with our top options below.

15

Discover it® Cash Back

This card is currently not available.

Best Overall Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A
16

Capital One® Venture® Rewards Credit Card

This card is currently not available.

Best Overall Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A
Bank of America® Travel Rewards Credit Card Review

at Bank Of America'ssecure website

EXPERT'S RATING

★★★★★
4.7

OVERALL RATING

4.7/5.0
  • Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points
  • Enjoy no annual fee and no foreign transaction fees while earning points to use for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars or baggage fees
  • Introductory 0%† APR for your first 12 billing cycles for purchases.  After that, a Variable APR that's currently 14.99% to 22.99% will apply.
  • 25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening – which can be redeemed for a $250 statement credit toward travel purchases
  • Preferred Rewards members earn 25%-75% more points on every purchase
  • That means you could earn up to 2.62 points for every $1 you spend, everywhere, every time.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 12 billing cycles
N/A
14.99% - 22.99% (Variable)
$0
Excellent/Good

+See More Credit Cards with No Foreign Transaction Fees

When most people think of foreign transaction fees, they tend to picture an overseas trip and purchases made in a foreign land. In actuality, you can make foreign transactions right from your living room. That’s because most purchases made in a another currency (or that pass through a foreign bank) can qualify as a foreign transaction  — and be charged as one. Contact your issuer if you’re concerned a specific transaction may accrue fees.

Cheap Doesn’t Have to Mean Feature-Free

Credit card costs can be sneaky, tricky things, often hiding in the fine print like ninjas in shadows. But while you’d have to live a life on the lam to avoid a ninja out to get you, most credit card fees can be easily avoided with the right card and responsible credit card behaviors.

And, even better, you won’t need to live without perks and rewards to find a cheap credit card, particularly if your credit is good to excellent. With a quality credit score, you can say “Sayonara” to credit card fees without giving up the benefits of being a cardholder.

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