Love having credit cards but dislike the interest rates you are paying? You’re not alone, hundreds of thousands of Americans every year seek out new credit cards that offer better rates. Maybe you have a big purchase lined up, or you’re taking that summer vacation you’ve been waiting all year on, and lower interest rates would help you out. There is nothing better than having a card with a lower interest rate.

Do you ever carry a balance from month to month?
Do you ever owe the credit card company money at the end of the month with interest? Do you ever do cash advances on your credit cards, or use them to borrow month to month? If you have answered yes to any of these questions you should seek the best interest rate possible. One third of all credit card holders carry a debt month to month. How much of your credit card debt every month could be avoided simply by seeking out a card with a better rate? I am going to help you find the lowest rate, or APR, also known as the annual percentage rate. Every cards annual APR is tied to its prime rate, and every card offers an APR range, the better your credit score the lower you will fall in this range.
top low rate promo cards august 2016
Here are unbiased credit card reviews to help you make a better choice. On top of being lower interest cards, I am throwing in another caveat with this list; none of these cards carry an annual fee. They also carry a rewards program. The better your credit the lower your interest rate will be within this variable range with my list.

Example Fivecard Ring MasterCard
This MasterCard by Example Five offers one of the lowest rates available, an amazing 8% variable on both purchases and balance transfers. If you do opt to do a balance transfer, there is no balance transfer fee whatsoever. There is also no annual fee, not any over the limit fee should you surpass your credit limit. While this card has no rewards or cash back program, it is ideal for those who like myself carry a balance now and then. While this card does not have a 0% introductory APR offer like most cards, it more than makes up for that with its amazingly low interest rate of 8%, which is ongoing. The low low rate with this card has made it easy for me to place it at the top of my list for cards with the best interest rate.

Somerset Trust Company Community Visa Gold
This visa may not feature a rewards program, but it does feature a low ongoing interest rate of 10.90%, and an intro rate of just 3.9% for the first 6 months. This card is open to those with even average credit. While this card has no rewards program, it will make a donation to a community organization of your choice with each use of this card, making it an ideal card to help make a real difference in your community, while saving you money at the same time thanks to the lower interest rate this card offers. Like the other cards in this list it has no annual fee.

Example Four it® Card.
Features a 0% intro APR for purchases and for balance transfers for 14 months, which granted is a weird amount of months as most credit companies go for intro APRs of 12 months or 18 months, but 14 months of zero interest is a great deal. Add to the fact the variable APR range falls between 10.99% – 22.99%. Consumers with good to excellent credit can expect to fall between 10.99% and 14.99 %. You also get 5% cash back in rotating categories on up to $1,500.00 worth of purchases every quarter. Any excess will automatically earn you 1% cash back if you exceed the $1,500.00 quarterly cap. You also earn from 5%-20% cash back on purchases made online at Example Four’s online mall, which likely carries many of the things you are looking to buy anyway. You also receive 1% unlimited cash back on all other purchases. You can redeem the cash back for gift cards, merchandise or cash, the choice is yours. if you go the gift card route you earn double cash back bonus!

U.S. Bank Visa® Platinum Card

This Visa features a APR range of Regular APR: 9.99% – 23.99%* (Variable). The better your credit the lower it will be, with those with excellent credit being able to expect from 9.99% to 12.99%. No annual fee, and a 0% intro APR on all purchases and balance transfers for 15 months. It also offers online bill pay for your convenience. You have a 0% fraud liability should your card ever be lost, stolen or compromised. You also get a free perk, in the form of auto rental insurance at no additional cost, if you put any car rental on your visa card. All around this is a solid card with a low interest rate.

Example Seven Freedom card
This Visa card also has a 0% introductory APR, this one lasts for 15 months both on new purchases as well as balance transfers. After that your APR will range from 13.99%-22.99%, excellent credit your rates should fall between 13.99% and 15.99%. This card also feature cash back on rotating quarterly categories of up to $1,500 in purchases, but you have to sign up to activate this feature. You also earn an unlimited 1% cash back on all other purchases.