When it comes to cheap credit cards, the better your credit score, the more options you have available.
Typically, what makes a credit card cheap is how low the interest rate is.
If you’re planning on making a big purchase or would like to transfer a balance, finding cheap credit cards with a low rate and long 0% intro APR period is a financially wise move.
Even so, comparing credit cards can seem like a daunting task. With all the varying interest rates and conditions of each credit card, it will take a while to know whether one card is cheaper than the other.
Factors to include in your credit card hunt
Your choice of a card depends on a few factors such as shopping style, how quickly you pay off your balance, fees and the kind of reward program that you would want.
There might even be some promotional offers that could make a card seem appealing at first, but end up turning it into a very costly piece of plastic.
Either way, listed below are cheap credit cards with low-interest and 0% rates that should help make shopping for a card easier.
Cheap Credit Cards
1) Chase Slate
This card was rated “Best Credit Card for Balance Transfers” by MONEY Magazine for three straight years.
It has 0% interest for balance transfers in the first 60 days. Also, a 15 month intro 0% APR on balance transfers and purchases plus no annual fee. Only limit is that balance transfers can’t be over $15,000.
The reason why this card is best for balance transfers is because it’s the only card that has no balance transfer fee and a long 0% intro period.
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2) Citi Simplicity® Card
This is the only card with no late fees, no penalty rates and no annual fee. However, there is a balance transfer fee that is either $5 or 3%, whichever’s greater.
There’s a 21 month 0% intro APR on purchases and balance transfers as well. After the intro period, the variable APR will be 13.24% – 23.24%.
3) Chase Freedom Unlimited℠
This is among the cheap credit cards list as it offers 1.5% cashback on all purchases. Plus a $150 bonus after spending $500 within the first 3 months of opening your account.
It has no annual fee, plus a 15 month 0% intro APR on purchases and balance transfers. After which the APR will be 14.24% – 23.24%.
Finding the Best Card
Finding the right credit card for you depends on your personal circumstances and desires. Whether your purchases a home studio or are looking to transfer a balance, the cheap credit cards listed above should help make things more affordable.