Top Low APR Credit Cards in 2023
Finding a credit card with a low Annual Percentage Rate (APR) can save you money on interest charges and make managing your finances more affordable. In 2023, several credit cards offer competitive low APRs. Here are some of the top options to consider:
Chase Freedom Unlimited®
APR: 0% intro APR for 15 months on purchases and balance transfers, then a variable APR of 14.99% – 23.74% applies.
Highlights: Earn 3% cash back on dining and drugstore purchases, 5% cash back on travel purchases through Chase Ultimate Rewards®, and 1.5% cash back on all other purchases.
Citi® Diamond Preferred® Card
APR: 0% intro APR for 21 months on balance transfers and 0% intro APR for 12 months on purchases, then a variable APR of 13.74% – 23.74% applies.
Highlights: This card is great for balance transfers, offering an extended introductory period to pay down existing debt without interest.
Wells Fargo Platinum Card
APR: 0% intro APR for 18 months on purchases and balance transfers, then a variable APR of 15.49% – 24.99% applies.
Highlights: This card offers cell phone protection when you pay your cell phone bill with the card.
Discover it® Cash Back
APR: 0% intro APR for 15 months on purchases and balance transfers, then a variable APR of 11.99% – 22.99% applies.
Highlights: Earn 5% cash back on rotating quarterly categories, and Discover will match all the cash back you’ve earned at the end of your first year.
Capital One Quicksilver Cash Rewards Credit Card
APR: 0% intro APR for 15 months on purchases and balance transfers, then a variable APR of 14.99% – 24.99% applies.
Highlights: Earn unlimited 1.5% cash back on every purchase, and there’s no annual fee.
U.S. Bank Visa® Platinum Card
APR: 0% intro APR for 20 billing cycles on purchases and balance transfers, then a variable APR of 13.99% – 23.99% applies.
Highlights: This card offers one of the longest 0% introductory APR periods on the market.
Bank of America® Customized Cash Rewards credit card
APR: 0% intro APR for 15 billing cycles on purchases and balance transfers, then a variable APR of 13.99% – 23.99% applies.
Highlights: Earn 3% cash back in your choice of a category, 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and 1% cash back on all other purchases.
Citi® Simplicity® Card
APR: 0% intro APR for 21 months on purchases and balance transfers, then a variable APR of 14.74% – 24.74% applies.
Highlights: This card has no late fees, no penalty rate, and no annual fee, making it a straightforward choice for those who want simplicity.
When choosing a low APR credit card, consider your financial goals, spending habits, and whether you plan to carry a balance. Keep in mind that the actual APR you receive will depend on your creditworthiness.