(Nearly) Recession-Proof Credit Card Rates

Credit card interest rates below 10% are in short supply these days, but quite a few still offer rates below the national average of 14.90%, including the trio of options we’ve listed below. Keep in mind, however, that you’ll probably need a credit score of 700+ in order to qualify for the lowest rates.

Discover Motiva

Discover Motiva offers the best of both worlds – a decent interest rate plus a rewards program that offers a Pay-On-Time Bonus worth one month of interest after every 6 consecutive on-time payments you make. You’ll also receive a Cashback Bonus of up to 1% on purchases, plus a Cashback Bonus of between 5% and 20% when you shop online at their ShopDiscover site.

Introductory Rate:  3.99% for up to 6 months on purchases and up to 12 months on balance transfers.

Annual Fee:  None.

APR (Purchases):  10.99%

Cash Advance Fee:  3% ($5 minimum fee)

Grace Period:  25 days

Balance Transfer Fee: 3.99% for the first 12 months and 10.99% thereafter.

Late Payment Fee:  $19 on balances equaling up to $250 and $39 on balances equaling $251 or more.

Over-the-Limit Fee: $15 on a balance total of $500 or less and $39 on a balance total of $501+.

Minimum Finance Charge: $0.50

Emigrant Savings Bank Platinum Edition Visa Card

Along with a fairly low ongoing rate, this card offers consumers a much-needed break from paying interest on their purchases with a 0% Introductory Rate.

Introductory Rate:  0% for up to 9 months

Annual Fee:  None.

APR (Purchases):  9.99%-13.99%

Cash Advance Fee:  3-5% ($15 minimum fee)

Grace Period:  20 days

Balance Transfer Fee:  3% ($10 minimum fee)

Late Payment Fee:  $35-$39, determined by the balance amount.

Over-the-Limit Fee: $39

Minimum Finance Charge: N/A