Advertiser Disclosure

Low APR Credit Cards with Rewards Program?

March 1, 2010
Credit Cards
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

Are you interested in a rewards program, but sometimes carry a balance?  You probably think a low APR card can’t come with Rewards? Think again. NerdWallet has scoured the credit card market to find you credit cards that combine a low ongoing APR with a rewards program by credit score.

Average Credit:

Our Top Picks

The Classic Visa® Card is in a league of its own, offering 10.25% APR, 1% ScoreCard Rewards,  and a 0% balance transfer fee. Its $0.

Discover Miles for Fair Credit, has a 12.99% APR and 1% reward rate. Its $0. Additional promotions include an introductory APR of 0% for 6 months on purchases and balance transfers, and then the ongoing APR of 11.74% - 21.74% Variable and a signup bonus: 12,000 Discover Miles Bonus - 1,000 promo miles a month you use card in first year.

Good Credit:

Our Top Pick

Our top choice for those with Good Credit is the Chase Air Force Association. This card features an 0% for 6 months on balance transfers, and then the ongoing APR of 9.99% - 18.99% Variable and 1% Chase Flexible Rewards Points. Its $0.

Honorable mentions

Barclays offers a few solid choices, including the Rec Rewards Credit Card, Coast to Coast Credit Card and Good Sam Club Credit Card. All feature 1% rewards.

Important Considerations:

A few final thoughts to keep in-mind before opening a new credit card. 1) You’ll only receive rewards for the amount you pay off. If you carry a balance at the end of the month, you won’t receive all of your reward points.  2) If you’re working to pay-down debt and opening a new card to transfer an existing credit card balance to a lower interest card, be sure to know what the Balance Transfer Fee is for your card. The industry average is 3%, but some card companies offer 0% introductory offers for the first 6-12 months. See Balance Transfer for our rankings.