With the low interest credit card, you will get an Annual Percentage Rate (APR) for the entire life period of the card. On the other hand, the balance transfer credit card will only attract and low interest for a certain period of time, from the moment you open your credit card account. Once the preliminary period expires, the interest rate will increase on the balance transfer credit card. However, the low interest rate credit card will be as long as the card is valid.

The standard APR for most of the credit cards, especially the ones that are marketed for students is between 14.24% and 24.24%. If you are a student, you are eligible to apply for the low interest credit card as long as you have a good credit score and a stable source of income.