Low Interest Credit Cards

The best way to avoid credit card debt is to lock in on a low interest rate. The lowest interest rate that a card can offer is, of course, 0%. However, no card has an ongoing rate of zero, so you must also consider a card's regular interest rate.

Is it fixed or variable? Is there an annual fee of zero or a cash back rewards system? These are all questions you must consider when comparing low interest cards. Not all credit cards are created equal and neither are cardholders' credit scores.

Typically, anything under 10% is considered to be fair. Ultimately, the best deal for you will depend on what you qualify for, if the ongoing rate is reasonable and whether or not there are any rewards programs included that you can utilize.

Credit Panda's Recommended Credit Card

Credit Panda recommends Fidelity Investments® 529 College Rewards® American Express® as our favorite Student credit card.

  • Fidelity 529 Dollars Earned Will be Transferred to Your Fidelity Managed 529 Plan Account Automatically
  • Earn 1.5% on Net Retail Purchases Charged to the Card
  • With American Express Selects(SM), Enjoy Special Online Offers for Your Family from Merchants Around the World
  • 0% Introductory Annual Percentage Rate (APR) on Balance Transfers and Cash Advance Checks for Your First 12 Billing Cycles
  • Card Issued by FIA Card Services, N.A.
  • Apply now at the the card issuer's website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% APR for 12 Months

16.99% Variable

$0

None

Capital One® No Hassle Cash(SM) Rewards for Students

  • 25% Annual Bonus on the Cash You Earn During the Year
  • If You Have a Limited Credit History or Past Credit Problems, This Cash Rewards Card is for You
  • No Limit on Cash Back and Rewards Won't Expire for the Life of Your Account
  • 1% Cash Back on Purchases You Make from Day One
  • 0% APR on Purchases Until June 2008. After that, Variable APR, Currently 16.40%
  • Apply now at the the card issuer's website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% on Purchases until June 2008

16.40% Variable

$29

Very Good

Citi® Platinum Select® Card for College Students

  • $0 Liability on Unauthorized Purchases
  • 0% APR for 6 Months on Purchases, Cash Advances and Balance Transfers
  • FREE Online Account Management
  • No Annual Fee
  • No Minimum Income or Cosigner Required
  • Apply now at the Citibank website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% APR for 6 Months

11.99% Variable

$0

Very Good

Citi® Dividend Platinum Select® Card for College Students

  • Earn 5% Cash Back on Purchases at Supermarkets, Gas Stations, Convenience Stores, and Utilities Including Cable for 6 Months and 2% thereafter
  • 0% APR for 6 Months on Purchases, Cash Advances and Balance Transfers as Long as You Do Not Default under Any Card Agreement
  • No Minimum Income or Cosigner Required
  • Earn 1% Cash Back on All Other Purchases
  • Build Your Credit History
  • Apply now at the Citibank website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% APR for 6 Months

13.99% Variable

$0

Very Good

Citi® Driver's Edge® Card for College Students

  • Earn Rebates Towards Any Car, New or Used
  • 0% APR for 6 Months on Purchases, Cash Advances and Balance Transfers
  • Free Online Account Management
  • Build Your Credit History$0 Liability on Unauthorized Purchases
  • Apply now at the Citibank website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% APR for 6 Months

15.99% Variable

$0

None

Citi® mtvU™ Platinum Select® Visa® Card for College Students

  • 0% APR for 6 Months on Purchases, Cash Advances and Balance Transfers
  • No Annual Fee
  • Earn 1 ThankYou Point For Every Dollar You Spend on All Other Purchases
  • Earn 5 ThankYou Points® for Every Dollar You Spend at Restaurants, Bookstores, Record Stores, Movie Theaters and Video Rental Stores
  • Earn 25 ThankYou Points for Paying on Time
  • Apply now at the Citibank website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% APR for 6 Months

13.99% Variable

$0

Very Good

Discover® Student Card

  • Unlimited Cash Rewards, Automatically
  • More Ways to Earn More Cash than Anyone Else(SM)Double Rewards with More than 100 Cashback Bonus Partners
  • Up to 20% Cashback Bonus® When You Shop Online
  • Customer Service in Less than a Minute, Anytime You Want
  • Apply now at the the card issuer's website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% Interest* for 6 Months

16.99% Variable

$0

Very Good

Discover® Student Card - Clear

  • Unlimited Cash Rewards, Automatically
  • More Ways to Earn More Cash than Anyone Else(SM)Double Rewards with More than 100 Cashback Bonus Partners
  • Up to 20% Cashback Bonus® When You Shop Online
  • Customer Service in Less than a Minute, Anytime You Want
  • Apply now at the the card issuer's website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% Interest* for 6 Months

16.99% Variable

$0

Very Good

Discover® Student Card - Monogram Collection

  • Unlimited Cash Rewards, Automatically
  • More Ways to Earn More Cash than Anyone Else(SM)Double Rewards with More than 100 Cashback Bonus Partners
  • Up to 20% Cashback Bonus® When You Shop Online
  • Customer Service in Less than a Minute, Anytime You Want
  • Apply now at the the card issuer's website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% Interest* for 6 Months

16.99% Variable

$0

None

Citi® Bronze® / AAdvantage® Card for College Students

  • Earn 1 AAdvantage® Mile for Every $2 You Spend on Purchases � Up To 25,000 Miles Per Year
  • No Annual Fee for Your Card and Free Membership in the American Airlines AAdvantage® Program
  • No Minimum Income or Cosigner Required
  • Redeem AAdvantage® Miles with over 20 of the World's Top Airlines, Major Car Rental Companies and Hundreds of Luxurious Hotels Worldwide
  • Apply now at the Citibank website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% APR for 6 Months

15.99% Variable

$0

None

Capital One® Standard Platinum for Students

  • 0% APR on Purchases Until June 2008. After that, Variable APR, Currently 19.30%
  • If You Have a Limited Credit History and are Starting to Establish a Credit Foundation, this Card Can Grow While Providing Great Benefits
  • A Manageable Credit Line to Help Control Your Finances
  • No Annual Fee or Balance Transfer Fees
    $0 Fraud Liability if Your Card Gets Lost or Stolen
  • Apply now at the the card issuer's website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% on Purchases until June 2008

19.30% Variable

$0

Very Good

Discover® Student Card - Tropical Beach

  • Unlimited Cash Rewards, Automatically
  • More Ways to Earn More Cash than Anyone Else(SM)
  • Double Rewards with More than 100 Cashback Bonus Partners
  • Up to 20% Cashback Bonus® When You Shop Online
  • Customer Service in Less than a Minute, Anytime You Want
  • Apply now at the the card issuer's website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% Interest* for 6 Months

16.99% Fixed

$0

None

Discover® Open Road(SM) Card for Students

  • Up to 1% Unlimited Cashback Bonus on All Other Purchases Automatically
  • 5% to 20% Cashback Bonus at Top Online RetailersNo Annual Fee
  • Increase, Even Double, Your Rewards When You Redeem for Gift Cards from Our 100 Cashback Bonus Partners
  • Online Account Access
  • Apply now at the the card issuer's website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% Interest* for 6 Months

16.99% Fixed

$0

None

Chase +1(SM) Student MasterCard®

  • No Annual Fee
  • 0% Introductory APR on All Purchases and Balance Transfers for Up To 6 Months
  • Earn More Karma Points at Facebook.com/plus1
  • Earn 15 Karma Points Just by Getting Approved for a Chase Credit Card
  • Share Points with Friends, Give Points to Support Causes
  • Apply now at the Chase website.

Intro APR

Regular APR

Annual Fee

Credit Needed

0% Interest* for 6 Months

15.99% Variable

$0

None

Bank of America® Student Platinum Plus® Visa® Credit Card

  • No Cosigner Required
  • Receive a $25 Statement Credit after Qualifying Transactions
  • Online Banking Service
  • No Annual Fee
  • Total Security Protection®Apply now at the Bank of America website.

Intro APR

Regular APR

Annual Fee

Credit Needed

No Introductory Rate Available

Varies

$0

Very Good