If you’re trying to make ends meet or save up for a big-ticket item, then one of the best things you can do is find a credit card that will help you pay less interest on your balance.
By taking advantage of these types of cards, you’ll be able to save up faster while earning rewards and improving your credit score in the process.
Here are some of the best new credit cards that you should consider when looking to save on interest while building your credit at the same time.
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Like other Chase credit cards, Chase Slate® offers a variety of tools and perks that make managing your credit card debt easier.
One of those perks is its introductory 0% APR period, during which you’ll pay no interest if you pay off your balance before it expires.
There’s also no annual fee with Chase Slate®, which is a nice plus for those who are trying to cut costs as much as possible.
To learn more about Chase Slate®, including its fees and features, head over to their website today. And if you decide to apply, be sure to use one of our application links so we can both benefit from bonus points.
Kohl’s Cash®: Kohl’s Cash® is an exclusive Kohl’s perk available only to Kohl’s Charge Cardholders. With each purchase made using your Kohl’s Charge Card, you’ll earn $10 in Kohl’s Cash per $50 spent.
That means that if you spend $100, you’ll receive $10 in Kohl’s Cash; if you spend $150, you’ll receive $20 in Kohl’s Cash; and so on.
The great thing about Kohl’s Cash is that it can be used towards any purchase at any time at any store location with no strings attached!
Capital One® QuicksilverOne® Cash Rewards Credit Card
Best for Big Spenders- High cash rewards rate. – No annual fee. – Reduced intro APR: 0% Intro APR on Purchases for 12 months and 0% Intro APR on Balance Transfers for 18 months, and then the ongoing APR of 14.24% – 24.24% Variable APR. – Get access to a higher credit line after making your first 5 monthly payments on time with no additional fees – $0 fraud liability if your card is ever lost or stolen. This credit card can help you save money in multiple ways whether you’re planning a vacation or just want to pay down debt faster, you’ll earn unlimited 1.5% cashback on every purchase (that’s 1.5 points for every dollar spent).
And there’s no limit to how much cashback you can earn. This means it doesn’t matter how much you spend as long as it’s within your budget, you’ll earn 1.5% back at grocery stores, restaurants, gas stations, and more.
Discover it® Student Cash Back
The Discover it® Student Cash Back is a great choice for students looking for cashback rewards without an annual fee.
As its name suggests, it’s also a good pick for current college students, because it has no annual fee and no foreign transaction fees.
It does charge a 3% balance transfer fee (the lowest of our picks) and requires excellent credit which might be difficult to obtain if you’re still in school.
But if you are able to get approved, it offers 5% cashback on rotating categories (up to $1,500 spent per quarter), plus 1% back on all other purchases an attractive combination when compared with most other cards out there.
If you spend more than $25,000 annually, you’ll qualify for Discover’s sign-up bonus: Discover will match ALL the cashback you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched.
Wells Fargo Propel American Express® Card
This card offers 3x points on eating out and ordering in, 3x points at gas stations, rideshares, and transit, and 1x points on all other purchases.
This is a great no-fee card that lets you earn rewards faster with automatic point transfer to travel partners such as airlines and hotels.
The introductory annual fee of $0 for 12 months (then $95) is waived for military members. For those who don’t qualify for that bonus offer, there’s still a decent signup bonus: Earn 30K bonus points when you spend $3,000 in purchases within the first 3 months of account opening – that’s a $300 cash redemption value.
That’s worth up to $900 in travel when you redeem through Chase Ultimate Rewards®.
Also note: If you apply through an eligible U.S. military affiliate, like USAA or Navy Federal Credit Union, your interest rate will be 5% instead of 18%!
Barclaycard ArrivalTM World MasterCard®
If you’re looking for a card that earns real-world rewards, look no further than Barclaycard ArrivalTM World MasterCard®.
With 2X miles per dollar spent, it’s easy to rack up rewards. The best part? When you redeem your miles, they’re worth 20% more value when used towards travel purchases (meaning $1 = 10X rewards).
If you want a card that helps you save money on interest and will get your home office off the ground quickly, Barclaycard ArrivalTM World MasterCard® is a great choice.
To earn an additional 40,000 bonus miles after spending $3,000 in 90 days from account opening; plus enjoy one of our lowest Introductory APR Rates on balance transfers – 0% intro APR on balance transfers for 12 months! The balance transfer fee is 5% of each transaction with a minimum of $5. Thereafter 15.
U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card
The U.S. Bank FlexPerks® Travel Rewards Visa Signature® Card is a rewards card that earns flexible points that you can redeem for statement credit, gift cards, and travel.
The card has no annual fee and offers 3x points per $1 spent on gas, grocery, and airline purchases; 2x points per $1 spent at restaurants; and 1x point per $1 spent elsewhere.
And if you’re in search of a way to build credit history (which could save you money later down the line), apply for it it’s among our favorite starter cards.
This card comes with a 0% introductory APR on balance transfers and purchases for 12 billing cycles, so you can pay off any existing debt without interest.
After that, a regular variable APR applies. There are no foreign transaction fees.
The Platinum Card® from American Express: This premium charge card is best suited for those who travel frequently and want more than just one type of reward currency to spend or redeem their points as they see fit.
Amex EveryDay® Preferred Credit Card from American Express
If you have an excellent credit score, a low-interest rate can save you quite a bit of money over time. The Amex EveryDay Preferred card has no annual fee and charges just 12.99% APR on balance transfers for 18 months one of the most competitive rates available now.
There’s also an opportunity to earn rewards without fees: 3 points per dollar spent at U.S. supermarkets (up to $6,000 per year), 2 points per dollar spent at U.S. gas stations and select U.S. department stores, and 1 point per dollar spent on all other purchases.
Plus, if you make 30 or more purchases in a billing period, you get 50% more points on those purchases plus access to premium customer service.
BankAmericard Cash RewardsTM Credit Card
BankAmericard Cash RewardsTM has a Rotating Bonus Cash Back Category that lets you earn up to 5% cash back in popular bonus categories like gas stations, grocery stores, and wholesale clubs every quarter you activate.
Earn 2% cashback at grocery stores and wholesale clubs, up to $1,500 quarterly purchase limit; earn 3% cash back at gas stations, up to $1,500 quarterly purchase limit; earn 1% cashback on all other purchases.
Get 0% intro APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then a variable APR of 14.24-24.99%. The annual fee is $0 which I think is a real nice one.
There is no annual fee or foreign transaction fees with the activation of your free credit score through Bank of America®’s banking products.
Plus, get access to your free FICO® Score online so you can track your progress as you work toward building better credit over time.
Citi ThankYou PremierSM Card
If you’re looking for a great balance transfer card and have excellent credit, check out Citi’s ThankYou PremierSM Card.
This is one of my favorite cards for helping to pay down high-interest debt. The ThankYou Premier offers an introductory APR of 0% for six months on both purchases and balance transfers.
And it has no annual fee! While I like that you don’t need an annual fee to reap these rewards, I do wish there was some way to earn extra points as you pay off your debts. Still, it’s a great option if you’re trying to pay down balances quickly without accruing interest charges by transferring them over.
After your promotional period ends, regular rates apply 15.99%-25.99% variable based on your creditworthiness.
So keep in mind that while you’ll save money with lower interest rates during your promotional period, those rates will go up after it ends unless you can pay off what you owe before then.
Gold Delta SkyMiles® Credit Card from American Express
Unlike many cash-back cards, which give you a flat rate of 1% back on all purchases, the Gold Delta SkyMiles® Credit Card from American Express offers three different types of rewards: 2 miles per dollar spent at restaurants and on eligible American Airlines purchases; one mile per dollar spent everywhere else; and 10,000 bonus miles if you spend $25,000 within your first year.
Those bonus miles can be redeemed for a variety of things like gift cards or flights. When it comes to helping you save money when paying down debt, no other credit card beats it with an introductory 0% interest rate for 18 months (with a 3% balance transfer fee) followed by a variable 15.24%-26.24% APR.
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