Credit Cards With A Low APR and No Annual Fee

Discover Open Road Credit Card

Discover is widely accepted as one of the best providers of cards with no annual fee, but their Open Road card sets a new standard in affordable credit cards. As a Discover card, you not only get their remarkable rates, but a host of other unique features and benefits. As the name suggests, this card is designed to benefit credit users who spend a lot of time on the road. In fact, you can get double the Discover Cashback bonus at gas stations and restaurants across the country. You can also get up to 20% Cashback bonus at retail affiliates that you will find through the Discover online retail shopping mall. Of course, you will still get unlimited Cashback Bonus rewards on all other purchases too.

Going back to the rates, though, with the Discover Open Road Credit Card, you get outstanding introductory rates as low as 0% for six months on both balance transfers and standard purchases. After the introductory rate concludes, your standard APR could revert to one that is still very good, especially during this tough economic time. Of course, being able to use your rewards points for Partner gift cards, standard merchandise, or have them credited to your Discover card or deposited into your personal bank account, is another great benefit. Depending on how much you charge to your card during that introductory period, you might be able to use your rebate to pay down some of your balance!

Citi Platinum Select MasterCard

When you have a good credit score, the sky is literally the limit. This is certainly no more apparent than in credit card products like the Citi Platinum Select MasterCard. You can get an Annual Percentage Rate as low as 0% for up to 18 months on both balance transfers and standard purchases. This means that you could potentially save a lot of money by consolidating your other cards and taking advantage of this low rate. With fewer payments every month and a more manageable budget, if you play your cards right, and make your payments regularly, and you will see your balances start to dwindle. In terms of credit, that is a very good thing.

Of course, you will also like that there is no annual fee, which means that you have more money to spend on debt consolidation or just to play around with. However, since these low rates are introductory, you might be concerned about the standard rate when your introductory period ends, but you should not be. It is quite likely that your newly reverted rate will be at least no less than half of what you would expect from a competing card! You also get Citi Identity Theft solutions and discounts on gift cards, travel, general and merchandise, among other things. Indeed, the Citi Platinum Select MasterCard is one of the best credit cards that have no annual fee and a low APR.

Capital One VentureOne Rewards Card

If you prefer a card with traveller’s benefits, it does not mean that you have to sacrifice your low rate or pay an annual fee. With the Capital One VentureOne Rewards Credit Card, you can 1.25 miles on the dollar for every standard purchase, any time, any place. There is no limit on how you earn your miles nor is there a limit on the miles themselves. You can hold on to them as long as you want too, because they do not expire, which means you can wait as long as you need to so you can redeem them for free airfare, hotel room discounts, car rentals, and other travel-related expenses.

With that in mind, you might find it remarkable that there is still no annual fee and as little as 0% Annual Percentage Rate on all purchases for at least the first six months, probably longer. This is definitely a rarity in the credit card world, and certainly something that you could use to finance a major purpose or vacation. While you should always pay off your credit cards every month, the lack of an APR will let you take your time to get your balance back down to zero. However, you need to be careful and remember that credit cards carry separate balances and interest rates for the three types of balances, so you should avoid balance transfers and cash advances with this card because the rates won’t be nearly as good.

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