Low interest credit cards

[IHateMyJob2004]

I need a low interest credit card. Anyone have recommendations?


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[zinfamous]

I need a low interest credit card. Anyone have recommendations?


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permanently low interest? IME, they are all pretty high compared to the days where it was possible to get something @ 12% or even lower. It seems that you actually need to carry a balance for some reason?

I think the most popular low-interest/balance transfer card around is Chase Slate, which is 0% interest on purchases and balance transfers for the first 15 months, no fees on balance transfers first 3 months. No annual fee, and it seems to bottom out at the typical range of interest rates after the free period.

That's it, though. no real bells and whistles on this card after the first 15 months.

 

[IHateMyJob2004]

Thanks!

I found the chase Freedom to be similar. I'll compare the two.

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[sdifox]

Line of credit is much safer than cc

 

[IHateMyJob2004]

Freedom seems to be better than the Slate card from Chase in my case. I don't need to get a balance transfer as the Slate offers. And the Freedom does cash back on purchases.
https://creditcards.chase.com/credi...ist=36,1,2&iCELL=61HG&jp_ltg=chsecate_compare

I'm mid divorce so I don't want a line of credit. These cards are 0% for the first 15 months so I can pay off all the money I have to borrow to get through life right now.

 

[sdifox]

If you are looking at interest rate, then line of credit is much better than cc. Mid divorce or not.

 

[IHateMyJob2004]

If you are looking at interest rate, then line of credit is much better than cc. Mid divorce or not.

I'll be getting 1.5% cash back and pay off the entire balance when the home sells. I'm guessing I'll only put $2K on the card at most. I'm better off with a CC (0% for the first 15 months) than a line of credit that I have to pay interest on from day 1.

 

[sdifox]

I'll be getting 1.5% cash back and pay off the entire balance when the home sells. I'm guessing I'll only put $2K on the card at most. I'm better off with a CC (0% for the first 15 months) than a line of credit that I have to pay interest on from day 1.

If you are confident then go for it. Most divorces don't go according to best case plan.

 

[[DHT]Osiris]

I have a Penfed Promise card, 9-18% on opening (I got 9% with not super-great-credit), 5% on balance transfers for a year.. when I got it they had a 0% promo for a year. Dropped a shitton of debt from other CC's to consolidate/reduce interest. May not be appropriate for actual-cc-use though, they position it as a debt consolidator/CC dump card, so none of the swanky perks.

 

[zinfamous]

Freedom seems to be better than the Slate card from Chase in my case. I don't need to get a balance transfer as the Slate offers. And the Freedom does cash back on purchases.
https://creditcards.chase.com/credi...ist=36,1,2&iCELL=61HG&jp_ltg=chsecate_compare

I'm mid divorce so I don't want a line of credit. These cards are 0% for the first 15 months so I can pay off all the money I have to borrow to get through life right now.

Freedom is a much better card. I have both (Slate was my first cc--only reason I keep it around) but only use the Freedom.

I didn't realize that Freedom had 0% APR for 15 months, otherwise I would have suggested it, hah. I just know that Slate tends to be recognized as a good low APR/balance transfer card.

The choice you need to make is between Freedom Unlimited or the regular Freedom card. It all depends if the 1.5% cash back on everything (vs 1% on regular Freedom) makes up for losing the quarterly 5% cash back you get with the regular Freedom, on rotating purchases (it usually rotates with gas, groceries, discount clubs (Costco, e.g.), department stores, etc).

 

[AznAnarchy99]

Slate if you need to do a balance transfer.

All else, there are tons of cards that do intro 0% promos. Freedom and Discover IT are good. I typically always pay my balances off every month but after buying a new house with a ton of different expenses, I had to grab a Discover IT card to hold me over for 14 months.

 

[Exterous]

Slate if you need to do a balance transfer.

All else, there are tons of cards that do intro 0% promos. Freedom and Discover IT are good. I typically always pay my balances off every month but after buying a new house with a ton of different expenses, I had to grab a Discover IT card to hold me over for 14 months.

Yeah discover it is pretty good with their 14 mo no interest and double cash back for your first year. The citi simpliciti has 0% for 21months but no rewards/cash back so it depends on how long you need the 0%