Because credit cards are a type of lending the loan comes at a price. Undoubtedly one of the biggest, if not the biggest, expense of using a credit card is the interest rate you pay on the balance.

The interest rate is a percentage you pay on the amount that you spend on a credit card. This interest rate can be either fixed, or set at a certain number, or it can be variable which means it fluctuates depending on the market prime rate. Interest rates are applied to purchases, balance transfers and cash advances all at varying amounts, though cash advances are typically the highest.

The interest rate you receive depends heavily on your credit score and past credit use, with the best interest rates going to those with the highest scores. Low interest credit cards offer their card holders the advantage of getting purchasing power at a lower cost.

If you plan to transfer a balance or keep a balance on a credit card this is far and away the number one consideration when deciding on a credit card.

These low interest credit cards offer interest rates that typically fall between 7.25% and 14.99% on purchases but can be even lower. Numerous providers also offer credit cards with introductory 0% interest rates on balance transfers and purchases for fixed period of time, usually 6-15 months.

There are many low interest rate cards to choose from, and we’ve listed several of them below for you to compare.

Chase Platinum Visa Credit Card

Citi Diamond Preferred Credit Card

Citi Platinum Select Credit Card