It is a known fact that an outstanding balance on a credit card which is not cleared beyond the due date is bad. A high rate of interest is charged on these balances, which may eat your money with each passing day. Over a period of time, your credit card balance could lead you into bankruptcy and you could be in deep trouble.

Therefore, it is best to choose a low APR credit card which will make it easier for you to carry the balance month on month.

Barclaycard Ring ^®  Mastercard ^®
This card is known as the first social credit card which is built around a user community that shares financial tips amongst members. It has a low APR on purchases as well as cash advances. There is no annual fee or foreign transaction fee. However, there do have a balance transfer fee. There is no sign-up bonus. The card has 0% APR on balance transfer for one year from the opening of the account. You may also get access to your FICO score through your online account.

Discover it®  Chrome
Considered as one of the best credit cards with low APR, Discover it® Chrome has a low purchase APR as well as a low balance transfer APR. The credit card comes with a 0% introductory APR period and has a cashback rewards program too. Cardholders who pay the balance in full every month may benefit from this program. The card has a 0% APR on purchases and balance transfer for a period of 14 months. Neither does it have a balance transfer fee nor an annual fee. There is also no late fee charged for the first late payment.

Citi ^®  Diamond Preferred ^®  Card
This card offers a 0% introductory APR on purchases as well as balance transfers for a period of 21 months. There are numerous benefits you may avail of the card which include exclusive deals at retailers and perks such as a 24/7 access to personal concierges in order to book flights, hotel rooms, as well as concert tickets.

Doing a study on all low-APR credit cards before deciding to apply for one will help you save a substantial amount of money in the long-term.