Low Rate Credit Cards
With
No Foreign Transation fee Credit Cards

If you can’t pay off your balance every month, you may be better off choosing a low-interest credit card. A low-interest credit card saves you money by reducing the cost of debt: When you're paying less in interest, you can pay back what you've borrowed more quickly. Some low interest credit cards come with a 0% introductory rate while others have a low, ongoing rate. However, remember that these cards generally require a good to excellent credit rating for approval.

Low Rate Credit Cards (6)

Credit One Platinum Card

  • Choose from more than 20 unique card designs, a fee may apply
  • Free online credit score tracking included
  • Enjoy the flexibility to choose your payment due date, terms apply
  • Stay in-the-know with customizable account alerts via email and text
  • Enjoy peace of mind with $0 Fraud Liability
  • No deposit requirements and opportunities to build your credit
  • Manageable credit lines up to $1,500 or more

Capital One Venture Rewards Credit Card

  • Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $400 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $59 after that
  • Get a metal Venture Card when you apply today

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

Marriott Rewards® Premier Credit Card

  • Earn 80,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening.
  • Plus, earn 7,500 bonus points when you add the first authorized user and make a purchase in the first 3 months from account opening.
  • Enjoy 1 Free Night Stay at a Category 1-5 hotel every year after your account anniversary date!
  • Earn unlimited Marriott Rewards points and get Free Night Stays faster
  • Earn 5 points per $1 spent at participating Marriott Rewards & SPG hotels
  • 2 points per $1 spent on airline tickets purchased directly with the airlines, at car rental agencies & restaurants. Plus 1 point per $1 spent everywhere else
  • The fastest way to earn Marriott Rewards Elite Status. Receive 15 Elite Credits guaranteeing Silver Elite Status or better.
  • All for an $85 Annual Fee

USAA Preferred Cash Rewards Visa Signature® Card

  • Earn 1.5% cash back on every purchase
  • There's no limit on the amount you can earn
  • Redeem your rewards anytime online or with the USAA Mobile App.
  • Enjoy no foreign transaction fees when you travel outside of the United States

United℠ TravelBank Card

  • $150 in TravelBank cash after you spend $1,000 on purchases in the first 3 months your account is open
  • Earn 2% in TravelBank cash per $1 spent on airline tickets purchased from United
  • Earn 1.5% in TravelBank cash per $1 spent on all other purchases
  • No foreign transaction fees
  • Enjoy 25% back as a statement credit on purchases of food and beverages onboard United-operated flights, when you pay with your United TravelBank Card.
  • TravelBank cash is easy to use. $1 in TravelBank cash = $1 when used toward the purchase of a United ticket.
  • Your TravelBank cash accumulates in your United TravelBank account on United.com. There's no limit to how much TravelBank cash you can earn.
  • $0 Annual fee

Airline Credit Cards

Citi® / AAdvantage® Gold World Elite™ Mastercard®

  • 0% Intro APR on balance transfers and purchases for 15 months; after that, the variable APR will be 16.99% - 24.99% based on your creditworthiness
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • Earn 25,000 American Airlines AAdvantage® bonus miles after making $750 in purchases within the first 3 months of account opening
  • Receive 25% savings on in-flight food and beverage purchases when you use your card on American Airlines flights
  • Earn 1 AAdvantage® mile for every $1 spent on purchases
  • Reduced Mileage Awards: Fly for 5,000 fewer AAdvantage® miles roundtrip to select destinations

Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®

  • For a limited time, earn 60,000 American Airlines AAdvantage® bonus miles after making $3,000 in purchases within the first 3 months of account opening
  • First checked bag is free on domestic American Airlines itineraries for you and up to four companions traveling with you on the same reservation
  • Enjoy preferred boarding on American Airlines flights
  • No Foreign Transaction Fees on purchases
  • Receive 25% savings on in-flight food and beverage purchases when you use your card on American Airlines flights
  • Double AAdvantage® miles on eligible American Airlines purchases
  • Earn 10% of your redeemed AAdvantage® miles back – up to 10,000 AAdvantage® miles each calendar year

Citi® / AAdvantage® Executive World Elite™ Mastercard®

  • Earn 50,000 American Airlines AAdvantage® bonus miles after spending $5,000 in purchases within the first 3 months of account opening
  • Admirals Club® membership for you and guests with you
  • Complimentary Admirals Club® lounge access for authorized users
  • Earn 10,000 AAdvantage® Elite Qualifying Miles (EQMs) after you spend $40,000 in purchases within the year
  • No Foreign Transaction Fees on purchases
  • Earn 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases and 1 AAdvantage® mile for every $1 spent on other purchases
  • First checked bag is free on domestic American Airlines itineraries for you and up to eight companions traveling with you on the same reservation

CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

  • Designed for businesses
  • For a limited time, earn 60,000 American Airlines AAdvantage® bonus miles after making $3,000 in purchases within the first 3 months of account opening
  • First checked bag is free on domestic American Airlines itineraries for you and up to four companions traveling with you on the same reservation
  • Enjoy preferred boarding on American Airlines flights
  • Earn 2 AAdvantage® miles per $1 spent on eligible American Airlines purchases
  • Earn 2 AAdvantage® miles for every $1 spent on purchases at telecommunications, car rental merchants and at gas stations
  • Earn 1 AAdvantage® mile per $1 spent on other purchases

AAdvantage® AviatorTM Red World Elite MasterCard®

  • First checked bag free for the primary cardmember and up to 4 companions on eligible bags when traveling on domestic itineraries operated by American Airlines
  • Earn 2X miles for every one dollar you spend on eligible American Airlines purchases
  • Group 1 boarding for the primary cardmember on domestic itineraries operated by American Airlines
  • Earn 1X miles on all other purchases
  • 10% of your redeemed miles back (10,000 maximum per calendar year)
  • No foreign transaction fees
  • 25% inflight savings on food, beverages, and headsets on American Airlines-operated flights
  • $95 annual fee

1. What is an airline credit card?

If you travel regularly on the same airline and do so often enough so that the benefits from the card justify the annual fee, an airline credit card can be a good choice for you. The more you take a particular airline, the more you will be able to redeem miles for free flights or seat upgrades and use those rewards for the flights you want.

2. What are the benefits of airline credit cards?

Sign-up bonus

Many airline credit cards offer a one-time bonus. For example, you can earn 50,000 miles once you spend over $3,000 within 3 months from account opening by using Capital One Venture Rewards credit card. This is a good choice if you have a lot of flight plans for a while.

Miles rewards

With an airline credit card, you can earn miles with every purchase, which can be redeemed for any future flight purchases on that card. Some airline credit cards will also give you points when you stay at hotels or dining at restaurants worldwide.

Additional perks

 Free checked bags

Checked baggage is an important consideration because most major airline credit cards include a checked bag fee waiver, which can be valuable and quickly compensate for the annual fee. Remember to link your airline credit card with your frequent-flyer account if you have, because that’s how some airlines determine if you are eligible for free checked baggage.

 Priority boarding

Priority boarding can save you a lot of time.

 Reaching elite status faster

 No blackout dates or travel restrictions

This means you can book your flight through the credit card rewards as long as there’s a seat on the flight.

No foreign transaction fees

Many airline credit cards don’t have foreign transaction fees, so it’s a good idea to use them while traveling abroad.

3. What do you need to apply for an airline credit card?

Credit score

Airline credit cards require your credit score in great shape first. Most of the top travel credit cards are offered to those with “excellent” or “very good” credit. Don’t be discouraged if you find that you don’t qualify for a travel credit card yet. There are also many good rewards or cash back credit cards which are worth applying for and can help you to build credit.

Credit card application

You can apply for an airline credit card through the airline and the issuer depending on the card. And you just need to fill in your personal information and submit your application. The credit card issuer will consider your credit reports and several different factors when reviewing your application to get an idea of your creditworthiness.

4. How to use an airline credit card?

Read your credit card terms and conditions.

You need to have an understanding of the terms of your credit card in order to use it better and avoid paying extra fees.

Maximize your miles and rewards

Airline credit cards offer many ways to help you to save money on traveling. Keep an eye out for earning double or triple miles rewards opportunities.

Plan on Paying Taxes When You Redeem Airline Miles

Airline miles can make your flight cheap, but they won’t be free. Because when you pay with miles, you also need to pay government-mandated taxes and fees. Therefore, we recommend you pay attention to taxes before you redeem airline miles.

Pay your bill in full on time

Airline credit cards provide rewards programs, but tend to have higher interest rates. If you carry a balance, your interest charge may be more than your rewards. Therefore, we recommend you to pay the bill in full on time in order to avoid paying high interest.

1. What is a low rate credit card?

The low rate credit card is a kind of credit card with a lower-than-average interest rate. The rate is lower than the average APR, and could be down to 0% sometimes.

What does ‘low rate’ mean?

The interest rate that a bank uses to advertise its credit card is usually the purchase rate - the interest that applies to the balance portion of normal purchases and payments. The average interest rate is about 17-18%. Other transactions, such as cash advances and balance transfers, are set at different rates.

This ratio is shown as the annual percentage ratio (APR), which is the amount of interest that the balance is theoretically attracted during the year. Interest is actually calculated daily, daily percentage rate, and applied once a month on your credit card statement. You can calculate the daily percentage rate as APR%/ 365.

At the end of the interest-free date, if your account balance is ongoing, interest rates will begin to take effect.

What types of low interest cards are there?

There are mainly two types of low interest cards:

 0% on purchases within a period of time

 Cheap interest rates

Do you need a low rate credit card?

If you don’t pay off your balance in full every month and need the security of a low rate in the future. And if you already have a large balance, you can apply for a low rate credit card and benefit from this credit card.

2. What are the benefits of low rate credit cards?

Long-term low rates

Compared to other credit cards, low interest cards offer long-term low interest rates or even 0% introductory period on spending. If you are a person with a monthly balance, it is equivalent to saving a lot of interest.

Sign-up bonus:

Some low rate credit cards also offer great sign-up bonuses.

Rewards programs:

Some credit cards with low rates still offer rewards programs, so you can earn points when you make purchases.

Low annual fee:

Many low interest cards have a very low annual fee than other credit cards. Some really worthy low rate credit cards have $0 annual fee.

3. What do you need to apply for a low rate credit card?

Credit score

The issuer will review your personal credit history when determining whether to approve your credit card and what terms you are eligible for. Responsible past use of credit will maximize your chances.

Credit card application

You can apply for a low rate credit card online, in banks or by email depending on the card. And you just need to fill in your personal information and submit your application. The credit card issuer will consider your credit reports and several different factors when reviewing your application to get an idea of your creditworthiness.

4. How to use a low rate credit card?

Read your credit card terms and conditions.

You need to have an understanding of the terms of your credit card in order to use it better and avoid paying extra fees.

Make sure you know how long your low interest rate will last

Although low rate credit cards offer a very low interest rate, the interest rate will revert to the higher interest after the period of time, such six months or one year.

Try not to take out cash

Because the interest rate on cash is still high, we don’t recommend you to use these cards to take out cash.

Pay your bill on time

Low rate credit cards still charge you late payment fees. Therefore, we recommend you to pay the bill in full on time in order to avoid paying extra fees.

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