Low Interest Credit Cards

Having a low interest credit card in your wallet is essential if you carry a balance on a regular basis. The interest rates vary greatly depending on the credit card and paying a high interest means that a smaller amount of your monthly credit card payment will be applied to the actual debt. You can apply for a low fixed interest credit card where your rate never changes, unless the credit card issuer notifies you at least 15 days in advance, or you can apply for a variable rate credit card that is tied to the prime rate and as a result your rates could change frequently. The card issuer can also give you notice of a change in interest rate for a variable rate card unrelated to a change in the prime rate.
It is recommended to only use a low interest credit card for purchases and never for a cash advance, because every credit card payment is applied to the balance with the lowest interest and the APR for a cash advance is usually around 20%. Searching for a low interest credit card does not mean you have to give up the cash back rewards as there are cards that offer both, but this will require excellent credit.

IberiaBank Visa ® Select Card

Introductory Rate of 0.00% for 12 months from date opened, on Purchases. (If there is an interest charge, the charge will be no less then $1.00). This rate will not change during the introductory period.
Low Introductory APR on Balance Transfers of 1.99% for the first 12 billing cycles, this rate will not change during the introductory period. Applies to balance transfers processed within three months of your account open date. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
Low Ongoing Variable Rate APR after introductory period of 7.50% (Prime + 4.25%). This APR will vary with the market based on the Prime Rate. (If there is an interest charge, the charge will be no less then $1.00).
Online access to credit card account information.

Introrate (purchases)

0.00%(12 Months)*

APR (purchases)

7.50%(variable)*

Annual fee

$35.00 *

* Please see the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the terms and conditions on the credit card issuer´s official website.