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Nicholas Cook
Nicholas Cook

Credit Cards With 0 Apr [BEST]


Credit cards are known for charging higher interest rates than many other financial products, but with promotional 0% APR periods, some 0% APR cards let you avoid interest payments on purchases, balance transfers or both. When comparing 0% APR cards, be aware some lack other features such as rewards and additional perks, and may not be of much use after the introductory period ends.




credit cards with 0 apr


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This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. The card has an annual fee of $0, yet comes with a pumped-up earnings structure that covers a wide swath of expenses including travel, drugstores and dining plus rotating quarterly bonus categories in areas many households are likely to find appealing.


The Discover it chrome is a mediocre card with one redeeming feature: the 1-for-1 cash back match, which doubles your rewards at the end of the first year. The high balance transfer fees make the intro APR offer on balance transfers less appealing, and the 2% bonus cash back category is limited to the first $1,000 in quarterly spending in limited categories. All other purchases earn 1%.


The Citi Simplicity Card offers a very long intro APR offer for balance transfers, with the catch that each transfer incurs a fee. You'll also get an intro APR offer on purchases. However, there is no rewards program nor any welcome bonus, making this truly a "simple" card for those looking to hold a balance for a long period of time.


Intro APR Offer: Get a 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 19.74%, 24.74%, or 29.74% variable APR applies. Balance transfers made within 120 days qualify for the intro rate and fee of 3% then a fee of up to 5%, with a minimum of $5 applies.


Intro APR Offer: Get a 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers. An intro APR extension of up to 3 months with on-time minimum payments during the intro and extension periods is available. A 17.74% - 29.74% variable APR applies after that. Balance transfers made within 120 days qualify for the intro rate and fee of 3% then a balance transfer fee of up to 5%, min $5 applies.


Other Drawbacks and Benefits: The card comes with secondary car rental coverage and global assistance services, a nice set of features for a no-annual-fee card. But other cards may offer higher rewards both on grocery purchases and all other spending so this card may be best for someone to use as part of an overall rewards maximizing strategy.


Intro APR Offer: Get a 0% intro APR on purchases and balance transfers for 18 months; 19.74% - 29.74% variable APR after that; 3% fee on the amounts transferred within the first 18 months.


Other Drawbacks and Benefits: If you typically spend more than $1,000 per quarter on gas and dining, the rewards structure of this card might be too limiting for you. The 1% earnings on all other purchases can be easily bested by other rewards cards.


Intro APR Offer: Get a 0% intro APR for 21 months on balance transfers from date of first transfer, and 0% intro APR for 12 months on purchases from date of account opening. After that, the variable APR will be 18.74% - 29.49%, based on your creditworthiness. There is an intro balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater, for transfers made within 4 months of opening the account. After that, a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater, applies.


Other Drawbacks and Benefits: Rewards earned on the card can be redeemed for straight cash back, travel, merchandise or pooled with another premium Chase Ultimate Rewards-earning card for potentially greater value when used for travel.


Introductory APR offers usually apply to eligible purchases, balance transfers or both. Many cards offer periods greater than one year, with some cards extending 0% introductory APRs beyond 18 or 20 months. Though balance transfer fees still apply to 0% introductory APR-eligible balance transfer transactions, fees are typically not charged for use of a 0% introductory APR. Minimum payments will still be required during any 0% introductory APR period.


The table below demonstrates the difference in cost for borrowing $1,000 for 12 months on either a card with an 18% ongoing APR or a card with a 0% introductory APR for 12 months. Assuming the cardholder makes equal monthly payments each month, the cost of carrying the balance is evident. You can calculate your own interest rates using our credit card payoff calculator.


An introductory APR is a promotional offer made by credit card companies to entice potential customers to sign up for a new card. An intro APR is typically either a 0% or ultra-low APR offer that applies for a limited period of time. When the intro offer expires the card will revert to its standard APR, which is within a range specified in the cardholder agreement.


Offers are updated frequently, with 0% APR frequently being offered for 12 months or more. Some of the better offers are for an 18-month 0% period, with some rare periods of up to 20 or even 21 months before interest begins to accrue.


The Wells Fargo Reflect Card currently offers one of the longest 0% introductory APRs on the market with its 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers. An intro APR extension of up to 3 months with on-time minimum payments during the intro and extension periods is available. A 17.74% - 29.74% variable APR applies after that. Balance transfers made within 120 days qualify for the intro rate and fee of 3% then a balance transfer fee of up to 5%, min $5 applies.


Robin Saks Frankel is a credit cards and personal finance writer for Forbes Advisor. Previously, she covered credit cards and related content at other national web publications including NerdWallet, Bankrate and HerMoney. She's been featured as a personal finance expert in outlets including CNBC, Business Insider, CBS Marketplace, and has appeared on or contributed to Fox News, CBS Radio, ABC Radio, NPR, International Business Times and NBC, ABC and CBS TV affiliates nationwide. Follow her on Twitter at @robinsaks.


Chauncey grew up on a farm in rural northern California. At 18 he ran away and saw the world with a backpack and a credit card, discovering that the true value of any point or mile is the experience it facilitates. He remains most at home on a tractor, but has learned that opportunity is where he finds it and discomfort is more interesting than complacency.


Many of the card offers that appear on this site are from companies from which we receive compensation. This compensation may impact how and where products appear on the site, including for example, the order in which they appear within listing categories. This site does not include all credit card companies or all card offers available in the marketplace.


Installment loans, such as car loans, also offer 0% deals, but they don't affect your credit score in the exact same way. Installment loans are not factored into your credit utilization score, as credit utilization only measures your use of credit cards and other revolving lines of credit. That said, a loan - and your payment record on a loan - will impact your credit score overall, so make timely monthly payments.


You can get 0% APR on your credit card if you apply for a new credit card with a 0% introductory interest period, which usually requires good credit or better for approval. On average, you can get a 0% APR for 12 months on purchases and 13 months on balance transfers.


Overall, 0% interest credit cards can be extremely helpful in certain situations. But if you regularly find yourself coming up short financially at the end of the month, a 0% period may land you in a deeper debt hole by the end of the no-interest window.


Financing big-ticket purchases with a 0% APR credit card enables us to save hundreds on interest without putting off important spending until we have enough cash on hand. But it can also be a recipe for disaster, giving us the freedom to rack up more debt than we can afford and setting the stage for a rude and costly awakening when regular rates take effect. As a result, some people are hesitant to use 0% cards, others overindulge, and only a select few wield them to maximum effect. So in the hopes of demystifying 0% credit cards and helping consumers save more money, WalletHub posed the following questions to a panel of leading credit experts. You can check out their bios and responses below:


Financing big-ticket purchases with a 0% APR credit card enables us to save hundreds on interest without putting off important spending until we have enough cash on hand. But it can also be a recipe for disaster, giving us the freedom to rack up more debt than we can afford and setting the stage for a rude and costly awakening when regular rates take effect. As a result, some people are hesitant to use 0% cards, others overindulge, and only a select few wield them to maximum effect.\n\nSo in the hopes of demystifying 0% credit cards and helping consumers save more money, WalletHub posed the following questions to a panel of leading credit experts. You can check out their bios and responses below:\n\n\n\tWhy do banks offer 0% credit cards?\n\tAre 0% credit cards a trap?\n\tWhat types of expenses should a 0% credit card be used for, and vice versa?\n\tHow much is a 0% intro rate worth to a consumer? And how does the length of that intro term affect the value?\n\tAre 0% credit cards immoral because they encourage debt?\n\tAre 0% credit cards to blame for rising credit card debt levels?\n\n","expert_header":"Expert Opinions"} Best Credit Cards in Nearby (cross_links.is_state_search) ? "States" : "Cities" Credit Cards in cross_link.label Credit Cards in cross_link.label People Also Search For 0% on Purchases & Balance Transfers 0% Credit Cards for Bad Credit No Interest Credit Cards for 24 Months 0% APR Credit Cards for Fair Credit 0 APR Credit Cards With High Limits 041b061a72


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