How to Find a Low-Cost Credit Card

A low-cost credit card is not necessarily the one with the lowest advertised APR. Total cost depends on how you use the account.

If you pay in full

Annual fees, foreign transaction fees, and other charges may matter more than the purchase APR because you may not regularly incur purchase interest.

If you carry a balance

The ongoing interest rate becomes much more important. Compare the cost of borrowing rather than focusing on rewards.

Check promotional rates

Introductory offers can reduce costs temporarily, but always identify the rate that applies afterward.

Look at fees

A low-interest card with a large annual fee may not be cheaper overall.

The best low-cost card is the one whose pricing structure matches your actual behavior. Always compare the full terms rather than one advertised number.