’s Picks for Best Low Interest Credit Cards of 2012

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Solid list to choose from for those with Excellent Credit.
Consumers can be drawn to the lowest possible interest rate, which is a good thing, however this approach doesn’t necessarily lead to the best offer in the field ...

CompareCards, a leading service for consumers to compare credit cards and manage their personal finances, yesterday, released its hand selected list of current best low interest credit cards of 2012. This list covers credit cards with the lowest “regular” interest rate offered to consumers. Some of these low interest credit cards also include promotional rates which expire after a set period of time (ie. 18 months) and then revert to the regular interest rate.

As detailed in the blog post, several different credit card companies offer a variable “low” regular interest rate. The lowest offer for Excellent credit is the PenFed Promise visa with a 7.49% variable APR on purchases for 36 months – this offer then increases to 9.99% after 3 years. For a flat low APR which is variable but only moves with the prime rate is the Simmons First Visa with a 7.25% variable rate. Rounding out the group are the Discover More Card (10.99%), Citi Simplicity Card (12.99%) and the Chase Slate Card (11.99%).

“Consumers can be drawn to the lowest possible interest rate, which is a good thing, however this approach doesn’t necessarily lead to the best offer in the field” said Chris Mettler, president and founder of “While PenFed and Simmons offer the lowest regular rate, they don’t offer very attractive deferred interest rates for balance transfers like the larger banks.”

Because most consumers carry multiple credit cards, having a credit card with the lowest interest rate available can be advantageous for emergencies. For example, what if someone faced unexpected medical bills or car repair and didn’t have the available cash on hand to take care of, a low interest credit card can provide long term interest savings from foregoing having to pay interest rates above 15% which is typical for most credit cards.

With recommendations that put the consumer first, provides crucial information for credit seeking consumers, students, business travelers and others looking for guidance on credit card deals and other personal financing issues. also offers live chat during normal business hours, providing visitors with access to expert credit specialists for additional assistance.

With recommendations that put the consumer first, Compare Cards provides helpful resources for credit seeking consumers to secure deals tailored for their own specific needs and circumstances. Started as an index resource for consumers, the site has expanded steadily and now serves as a free multi-dimensional service for users to compare credit cards side-by-side, consider expert reviews and utilize additional functions to manage their credit. The site analyzes key details on more than 100 leading credit card offers and has been mentioned in Business Insider, ETV Public Radio, CBS Money Watch and For more information, please visit

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Ryan Boger
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