ADVERTISER DISCLOSURE

NerdWallet’s Best 0% and Low Interest Credit Cards of 2015

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money.
Best 0% and Low Interest Credit Cards

If you have credit card debt or need to make a big purchase, a low-interest credit card can be your salvation. Offering over a year of 0% APR to get rid of your debts, these cards are the best in the business, from waived fees to rewards and more. Transfer your balance and you’ll get some time to breathe and, we hope, a chance to get out of debt.

Best for balance transfers: Chase Slate®

Chase Slate Elite Credit Card
Apply Now

on Chase's
secure website

The Chase Slate® might not stand out among the others for its rewards or intro period — 0% introductory APR for 15 months on purchases and balance transfers, and then the ongoing APR of 12.99%, 17.99%, or 22.99% (V) . Still, the Chase Slate® is worth your attention because of one detail in particular: There’s no balance transfer fee for the first 60 days.

The lack of balance transfer fee can lead to significant savings. Let’s say you’re transferring $10,000 and plan to pay off $575 a month. You’d pay no interest with the Citi Simplicity® Card or Discover it®, but you’d pay a $300 balance transfer fee. With the Chase Slate®, you’d pay between $11 and $20 in interest but no transfer fee. Using the Slate would save you at least $280, even though it has a shorter balance transfer period. Plus, the annual fee is $0, which means this card is easy on your bank account, especially for those who need to consolidate a tall pile of debt.

Low interest and rewards: Chase Freedom®

Chase Freedom Credit Card
Apply Now

on Chase's
secure website

The Chase Freedom® is an excellent choice for folks with excellent credit who also need some time to get rid of debt. The card has an introductory APR of 0% on purchases and balance transfers for 15 months, and then the ongoing APR of 13.99% - 22.99% (Variable) and even earns rewards. You’ll get 5% cash back on bonus categories that change every quarter, up to $1,500 spent per period; all other purchases earn a flat 1%. There’s an annual fee of $0, and you’ll get a $100 bonus after spending $500 on purchases in your first 3 months from account opening.

0% APR meets no fees meets rewards: Discover it®

Discover it Credit Card
Apply Now

on Discover's
secure website

The Discover it® has it all, whether you’re looking to shed debt or earn rewards:

  • 0% on purchases for 6 months and 0% on balance transfers for 18 months, and then the ongoing APR of 10.99% - 22.99% Variable
  • 5% cash back in rotating bonus categories, up to $1,500 spent quarterly
  • No penalty APR or foreign transaction fee; first late payment fee is forgiven
  • Annual fee of $0
  • Extra perks like purchase, warranty and return protection

The Discover it® is a great way to earn rewards and work toward debt freedom.

Longest 0% APR period: Citi Simplicity® Card

Citibank Simplicity Credit Card
Apply Now

on Citibank's
secure website

The Citi Simplicity® Card’s one of our favorites because it treats debtors delicately all around. Not only does it have an introductory APR of 0% on purchases and balance transfers for 21 months, and then the ongoing APR of 12.99% - 22.99% (Variable) — the best in the business — it also has an annual fee of $0*, and forgoes late fees and penalty APRs. In other words, if you pay late, you won’t be slapped quite as hard with fees as you would with another card. Whether you’ve made a few late payments on accident or need some time to get rid of your credit card debt, the Citi Simplicity® Card is a great option.

For long-term credit card debt: Lake Michigan Credit Union Prime Link Platinum Visa

Lake Michigan Credit Union Prime Link Platinum Visa Credit Card
Apply Now

on Lake Michigan Credit Union's
secure website

The Lake Michigan Credit Union Prime Link Platinum Visa won’t give you an introductory period of 0% APR, but it will give you a really low ongoing rate: The ongoing APR is 6.25% Variable , whereas most cards will charge between 12% and 20%. The card’s annual fee is $0 and there are no balance transfer fees, so it’s a good option if you already have credit card debt and want to pay it off on a lower-rate card.

If you’re going to be in debt for a long time, the Lake Michigan Credit Union Prime Link Platinum Visa could be your best option. The average U.S. household is in more than $15,000 of credit card debt. If you don’t think you can pay that off in a year and a half, your card’s ongoing interest should be of concern. Anyone can join the Lake Michigan Credit Union with a donation to the West Michigan chapter of the ALS Association.

  • Sunnyfunfish

    Thanks for your advice.
    Kathy

  • Vitaherb Global

    Active Woman’s Multi
    This
    multi-purpose product has been formulated to meet the special needs of
    women. It contains generous amounts of all the essential vitamins and.

  • http://nomorecreditcards.com/credit-card-relief-programs/ Golden Financial Services

    Yeah good advice on these credit cards.