Low Interest Credit Cards

PenFed Premium Travel Rewards American Express

CardRatings.com mentioned The PenFed Travel Rewards American Express card was one of 2009’s best credit cards.This is due to the combination of a low interest rate and a good rewards program. The introductory APR on balance transfers for this card is a low 1.99% for a full 24 months. Post-introductory balance transfer rates will be 9.99% and will vary with current market rate based on the Prime Rate. And all purchase rates and cash advance rates are very low at an introductory rate of only 9.99%. After the introductory period for purchases and cash advances, your APR will vary with the market based on the Prime Rate. This is one of the lowest cash advance APR offers in the market.

PenFed Premium Travel Rewards American Express is a travel rewards card. With it, you get 5 points per dollar spent on airfare, and 1 point per dollar spent on anything else. Reward points can be redeemed for travel on any airline with no blackouts or other restrictions.

The PenFed Premium Travel Rewards American Express card does not have an annual fee. This gives you a chance to see if the card is right for you at no cost. Like with the PenFed Visa Promise card, you may need to pay a $20 one-time membership fee if you don’t qualify for free membership. There is a small 3% balance transfer fee and no fee for cash advances. Note: PenFed’s Website lists a promotional balance transfer fee of 1% (Min. $10 – Max. $250). Their website also states that the fee for balance transfers made after March 31, 2012 will return to 3% (Min. $10 – Max. $250) per transaction. However their terms and conditions page, as of this writing, does not note the introductory balance transfer fee so confirm balance transfer fee with PenFed when you apply. Late payment fees range up to $25 depending on your outstanding balance, and returned check fees are up to $25. Notably there is no over-limit fee on this card.

PenFed Visa Platinum Cash Rewards& Card

The PenFed Visa Platinum Cash Back Card provides a great general credit card with a low interest rate. There is an introductory balance transfer rate of only 1.99% which lasts a full 24 months. After that the ongoing rate is a low 9.99% and will vary with the market based on the Prime Rate. The introductory APR for purchases and cash advances is only 9.99%. This is one of the lowest rates available for cash advances. After the introductory period the rate will vary with the market based on the Prime Rate.

The PenFed Visa Cash Back Rewards card is a favorite general cash back credit card with bonus cash back on gas purchases. This card features 5% cash back on gas purchases paid for at the pump, fuel purchases for airplanes and boats receive 0.25% cash back. Certain restrictions may apply. And 0.25% cash back on all other purchases.

There is no annual fee for PenFed Visa Platinum Cash Reward Card. As with the other cards from PenFed, you need to either qualify for free membership or pay a one-time $20 membership fee to join the credit union issuing the card. There is a very low 3% balance transfer fee on this card. Note: PenFed’s Website lists a promotional balance transfer fee of 1% (Min. $10 – Max. $250). Their website also states that the fee for balance transfers made after March 31, 2012 will return to 3% (Min. $10 – Max. $250) per transaction. However their terms and conditions page, as of this writing, does not note the introductory balance transfer fee so confirm balance transfer fee with PenFed when you apply. There is no cash advance fee or over-limit fee. Late fees range up to $25 depending on account balance. Returned check fees are up to $25.

Iberiabank Visa Classic

The Iberiabank Visa Classic is a great low interest card which offers good introductory rates as well as ongoing rates. The introductory rate for balance transfers is a very low 1.99% for 6 billing cycles. The ongoing rate for balance transfers is the same as the purchase APR which is a very low rate of 7.25%, 10.25%, or 13.25% depending on your credit score. APR for cash advances is also low at just 12.75%, 16.25%, or 19.25% depending on your credit score.

There is no rewards program with this credit card. Your reward is a low ongoing interest rate. To qualify for this card you need to have excellent credit. You also need to be able to show not only proof of income but proof that you have been with your current employer for at least 6 months.

There is no annual fee for Iberiabank Visa Classic. The fee for balance transfers is a low 2%. Cash advance fees are 5%. Late fees up to $35 depending on outstanding balance and returned check fees are up to $35.

Iberiabank Visa Select

The Iberiabank Visa Select requires even better credit than the Iberiabank Visa Classic credit card. However, your reward is a low ongoing interest rate of only 7.5%, 9.50% or 11.50% on both balance transfers and purchases. This interest rate is variable as with all credit cards. In addition, there is an introductory purchase rate of 0.0% or 7.5% for the first year of having the card. In addition there is a 1.99% or 7.50% introductory balance transfer APR based on creditworthiness, for twelve billing periods from the date of the balance transfer check.*This deal applies to balance transfers made within the first three months of having the card. APR for cash advances is a low 12.75%, 14.75% or 16.75%; this is one of the lowest ongoing cash advance APR in the market.

There is an annual fee on this credit card of $35. The fee for balance transfers is low 3%. Cash advance fee is a standard 5%. Late fees up to $35 depending upon account balance. There is a $35 fee for returned checks.

Simmons Bank Platinum Visa

The Simmons Bank Platinum Visa card requires that you have excellent credit to obtain it. Like with the Iberiabank cards, though, your reward is ongoing great low interest rates. The rate for both balance transfers and purchases on this card is a low 7.25%. Excluding introductory offers, this is one of the lowest interest rates in the industry. The cash advance rate on this credit card is also low at only 11.25%. In fact, this is the lowest ongoing cash advance APR that we’ve seen in the current market.

This card doesn’t have a rewards program. However, you do get many different perks when choosing this card. Those perks include travel accident insurance coverage up to $1,000,000, car rental LDW and emergency cash and credit replacement for stolen cards.

There is no annual fee for the Simmons Bank Platinum Visa credit card. There is no balance transfer fee on this card and the cash advance fee is a low 3% of the amount of each cash advance, but not less than $4 nor more than $50. The late payment fee on this card is an amount equal to past due payment or $25, whichever is less.

Simmons First Visa Platinum Travel Rewards

The Simmons First Visa Platinum Travel Rewards card offers some of the same benefits as the Simmons Bank Platinum Visa card but it also has a rewards program. The APR for this card is slightly higher but still very low at just 9.25% for both purchases and balance transfers. Cash advance APR is also low at 13.25%.

The Simmons First Visa Platinum Travel Rewards card offers you great travel rewards. You get one point per net dollar spent. Points can be used for air travel with no seating restrictions or blackout dates. Points can also be used for other travel-related purchases such as hotels, cruises, vacation packages, car rental, and restaurants. In addition to the travel rewards, you get the same card perks (such as travel insurance) that are offered on the Simmons Bank Platinum Visa.

There is no annual fee for this credit card. There is no balance transfer fee. Cash advance fees are a very low 3% of the amount of each cash advance, but not less than $4 nor more than $50. Late fees are an amount equal to past due payment or $25, whichever is less.

Note: Offers change frequently; please be sure to check the offer website to ensure all details and information are correct.