Best 0% APR Credit Cards For 24 Months | How to Choose 0% APR Credit Cards

How To Choose The Best 0% APR Cards

Best 0% APR Credit Cards

The best 0% APR credit cards help you transfer all or part of your existing credit card debt from one credit card to another credit card. 0% APR credit cards have 0% interest on your credit card debt balance for an introductory period. You can evaluate 0% credit card offers to determine which offers provide the 0% APR balance transfer for shorter and longer time periods.

The goal of 0% APR credit cards is to help you save money on interest payments, particularly if you have high interest credit card debt. Therefore, 0%APR credit cards can be an effective way to organize your existing credit card debt. Even with the best 0% APR credit cards, your credit card debt will not disappear. So, if you make a 0% APR balance transfer, use 0% APR credit cards to your advantage, but also you should have an action plan to repay debt.

With excellent credit and a strong financial profile, you may be able to get approved for the best 0% APR credit cards.

0% APR credit cards help you have extra time to repay credit card debt without accruing more interest during that limited time. While there are no 0% APR credit cards with 0% APR forever, many 0% APR cards offer zero interest for six, nine, 12, 15, 18, 21 or 24 months. That’s right – there are even 0% APR credit cards for 24 months.During the 0% APR period, 0% APR credit cards do not charge you interest. After the limited period ends, you will be charged an APR based on your credit profile.

Banks offer 0% balance credit cards and 0% APR credit card to attract customers. Credit card companies compete for their customers, and zero percent credit cards are one way to win customers. A 0% APR credit card transfer for an introductory time helps customers repay credit card debt. Banks then make money with the ongoing APR after the introductory 0% APR, if you continue to carry a credit card balance.

Best 0% APR Credit Cards: Here are the best 0% APR Credit Cards of 2019

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Capital One® VentureOne® Rewards Credit Card

BankAmericard® Credit Card

Chase Freedom Unlimited®

Capital One® Quicksilver® Cash Rewards Credit Card

Blue Cash Everyday® Card from American Express

Discover it® Cash Back

U.S. Bank Visa® Platinum Card

Wells Fargo Platinum Visa® Card

Citi Simplicity® Card

Wells Fargo Propel American Express® Card

The Best 0% APR Credit Cards – Review

Here are the best 0% APR credit cards of 2019:

Capital One® VentureOne® Rewards Credit Card

Capital One® VentureOne® Rewards Credit Card

Current Bonus: 20,000 miles
Annual Fee: $0
0% APR Period: 12 months
Great Benefits: The Capital One VentureOne Rewards credit card has great benefits, including:

  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel.
  • Earn 1.25x miles on every purchase, every day and pay no annual fee. Plus earn 10X miles on thousands of hotels; learn more at hotels.com/venture.
  • Fly any airline, stay at any hotel, anytime.
  • Travel when you want with no blackout dates.
  • No foreign transaction fees.
  • Miles won’t expire for the life of the account and there’s no limit to how many you can earn.

BankAmericard® Credit Card

BankAmericard® Credit Card

Current Bonus: N/A
Annual Fee: $0
0% APR Period: 18 billing cycles
Great Benefits: The BankAmericard® credit card has great benefits, including:

  • 0% Introductory APR for 18 billing cycles for purchases.
  • 0% Introductory APR for any balance transfers made in the first 60 days.
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app.
  • No penalty APR. Paying late won’t automatically raise your interest rate (APR).

Chase Freedom Unlimited®

Chase Freedom Unlimited®

Current Bonus: $150
Annual Fee: $0
0% APR Period: 15 months
Great Benefits: The Chase Freedom Unlimited® credit card has great benefits, including:

  • 0% Intro APR for 15 months on both purchase and balance transfers. Balance transfer fee is 3% of the amount transferred.
  • Unlimited 1.5% cash back on every purchase – it’s automatic.
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • No minimum to redeem for cash back.
  • Cash Back rewards do not expire as long as your account is open.
  • Free credit score, updated weekly with Credit Journey℠.

Capital One® Quicksilver® Cash Rewards Credit Card

Capital One® Quicksilver® Cash Rewards Credit Card

Current Bonus: $150
Annual Fee: $0
0% APR Period: 15 months
Great Benefits: The Capital One® Quicksilver® Cash Rewards Credit Card has great benefits, including:

  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening.
  • Unlimited 1.5% cash back on every purchase.
  • 0% APR on new purchases and balance transfers. 3% balance transfer fee.
  • No rotating categories or sign-ups needed to earn cash rewards.
  • Cash back won’t expire for the life of the account and there’s no limit to how much you can earn.
  • No foreign transaction fees.

Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

Current Bonus: $150
Annual Fee: $0
0% APR Period: 15 months
Great Benefits: The Blue Cash Everyday® Card from American Express credit card has great benefits, including:

  • $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
  • 0% Intro APR on purchases and balance transfers for 15 months.
  • Redeem cash back as statement credit, merchandise or gift cards.

Discover It® Cash Back

Discover It® Cash Back

Current Bonus: Discover matches all cash earned back at end of first year.
Annual Fee: $0
0% APR Period: 14 months
Great Benefits: The Discover it® Cash Back credit card has great benefits, including:

  • Intro Offer: Discover will match all the cash back you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum.
  • Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Receive Free Social Security number alerts—Discover will monitor thousands of risky websites when you sign up.
  • Rewards can be redeemed at Amazon.com checkout.

U.S. Bank Visa® Platinum Card

U.S. Bank Visa® Platinum Card

Annual Fee: $0
0% APR Period: 20 billing cycles
Great Benefits: The U.S. Bank Visa® Platinum Card has great benefits, including:

  • 0% Intro APR on purchases and balance transfers for 20 billing cycles.
  • Flexibility to choose a payment due date that fits your schedule.
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your U.S. Bank Visa® Platinum Credit Card.

Wells Fargo Platinum Visa® Card

Wells Fargo Platinum Visa® Card

Annual Fee: $0
0% APR Period: 18 months
Great Benefits: The Wells Fargo Platinum Visa® Card has great benefits, including:

  • 0% Intro APR for 18 months on purchases and balance transfers (fees apply for transfers).
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa® Credit Card.
  • Easy access to your FICO® Credit Score with Wells Fargo Online®.
  • Zero Liability protection for promptly reported unauthorized transactions.
  • Convenient tools to help create a budget and manage your spending with My Money Map.

Citi Simplicity® Card

Citi Simplicity® Card

Annual Fee: $0
0% APR Purchase Period: 12 months
0% APR Balance Transfer Period: 21 months
Great Benefits: The Citi Simplicity® Card has great benefits, including:

  • No Late Fees, No Penalty Rate, and No Annual Fee.
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. Balance transfer fee of 5%.
  • 0% Intro APR on purchases for 12 months from date of account opening.

Wells Fargo Propel American Express® Card

Wells Fargo Propel American Express® Card

Annual Fee: $0
Current Bonus: 30,000 points
0% APR Period: 12 months
Great Benefits: The Citi Simplicity® Card has great benefits, including:

  • Earn 30,000 bonus points when you spend $3,000 in purchases in the first 3 months – that’s a $300 cash redemption value.
  • Earn 3x points for eating out and ordering in.
  • Earn 3x points for gas stations, rideshares and transit.
  • Earn 3x points for travel including flights, hotels, homestays and car rentals.
  • Earn 1x points on other purchases.
  • 0% Intro APR for 12 months on purchases and balance transfers.


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Best 0% APR Credit Cards: Pro and Cons

Pros of Best 0% APR Credit Cards: 0% APR credit cards have several advantages, including:

1. 0% APR credit cards are a great way to stop high-interest charges on your existing credit card debt.

2. The best 0% APR credit cards help you repay debt faster because they provide some breathing room from high-interest credit card debt.

3. If you want to know how to choose a0% APR credit card, remember that the best0% APR credit cards often have no annual fee.

4. Some of the 0% APR credit cards may include 0% percent APR for the first 6-15months, and potentially longer. For example, there are even 0% APR credit cards for 24 months.

Cons of Best 0% APR Credit Cards: 0% APR credit cards also have several issues for your consideration:

1. The best 0% APR credit cards typically do not have large rewards. So, if your goal is to get the best rewards cards or the best cash back cards, then perhaps those credit cards make more sense. The best 0% APR credit cards are really for helping you manage credit card debt, rather than for rewards.

2. The best 0% APR credit cards likely will have a balance transfer fee of 3%.

3. 0% APR credit cards may only last for a limited time, given the introductory APR. Therefore, you should have an action plan in place to repay debt after that period ends.

Are there balance transfer fees for the best 0% APR credit cards?

The best 0% APR credit cards have fees. The typical fees for 0% APR credit cards can be 3% to make a balance transfer. The good news is that some of the 0% APR credit cards have zero percent fees for a certain period so that you can get organized. Also, if you pay at least your minimum monthly payment with your 0% APR credit cards, you can avoid late fees.

Are 0% APR credit cards right for me?

0% APR credit cards are right for you if you want to transfer your existing credit card balance to another credit card with 0%APR interest for a limited time. During this limited time, you can repay your credit card debt without worrying about incurring more interest.

To evaluate the best 0% APR credit cards, some of the best 0% APR credit cards include 0% APR for both purchases and balance transfers. Other of the best zero interest credit cards have 0% APR for purchases only or zero balance transfers only. 0% credit card offers with 0% APR for 0% balance transfer and new purchases can be most advantageous. Should you choose 0% APR credit cards that offer a 0% balance transfer or 0% APR on new purchases? It depends on whether it makes more financial sense for you.Based on your personal financial situation, it may be better to repay debt or save interest on future purchases.

The best 0% APR credit cards also offer different 0% APR periods. While it depends on how long you need to repay credit debt, the longer the APR period, the better. A 0% APR credit card transfer to the best 0% APR credit cards may include 0% APR credit cards for 24 months. So, find the right time period that works best for your personal financial situation.

Hopefully, you will use 0% APR credit cards to repay debt and not make new purchases. After the 0% APR period ends, you have to analyze the ongoing APR. If you repay your credit card debt with 0% APR credit cards during the 0% APR period, then you won’t have to be concerned with the ongoing APR. Once you are done repaying credit card debt, zero interest credit cards probably are not necessary for ongoing purchases given the high APR.

How do 0% APR credit cards work?

To find the best 0% APR credit cards, it’s important to understand how 0% APR credit card work. 0% APR credit cards are easy to understand if you can understand the process for a balance transfer. If you have a credit card balance on your existing credit card, that’s a good reason to consider a 0% APR credit card.

0% APR credit cards have 0% interest on your credit card debt balance for an introductory period. You can evaluate 0% credit card offers to determine which offers to provide the 0% balance transfer for shorter and longer time periods. The goal of 0% APR credit cards is to help you save money on interest payments, particularly if you have high-interest credit card debt. Therefore, 0% APR credit cards can be an effective way to organize your existing credit card debt.

When customers ask “how to transfer credit card balance,” they will find that it typically takes only 1-2 weeks. Your new bank will pay off your old bank, and your credit card balance is transferred to your new 0% APR credit card.
Once your credit card balance has been transferred to your new 0% APR credit card, make sure that you:

1. Do not make any more purchases with new 0% APR credit cards.

2. Confirm with your old bank that your previous credit card has a zero balance.

3. Have an action plan to repay your balance on your 0% APR credit cards.

4. Always pay at least the minimum payment on your 0% APR credit cards.

How to choose a0% APR credit card

If you want to know how to choose a 0% APR credit card, it is important to assess several factors:
1. Balance transfer fee

2. The credit card issuer

3. Introductory APR period

Balance transfer fee. Some of the best 0% APR credit cards charge a transfer fee, which may be up to 3% of the credit card balance.

Credit card issuer. When you transfer a credit card balance from one credit card to a 0% APR credit card, make sure that the credit cards are from different credit card issuers. Generally, you can’t transfer a credit card balance from one credit to another credit card that are both from the same credit card issuer.

The best 0% APR credit card will give you an introductory APR period to pay off your credit card balance with no interest. A 0% APR introductory period is a great way to save money and give you time to pay off a credit card balance with a 0% APR credit card.

When it comes time how to choose a 0% APR credit card, you will need to have a good to excellent credit score. You can get approved for the best 0% APR credit cards with a strong credit profile. With the best 0% APR credit cards, bank wants to approve customers with a history of financial responsibility who repay their credit card balance.

Best 0% APR credit card: How much is the balance transfer fee?

The best 0% APR credit cards have fees. The typical fees for 0% APR credit cards can be 3% to make a balance transfer fee. Some of the best 0% APR credit cards charge 5% fees. The good news is that most of the best 0% APR credit cards won’t make you pay the balance transfer fee upfront. Instead, the balance transfer fee simply gets added to your credit card balance on your new 0% APR credit card.

Some of the best 0% APR credit cards have zero percent fees for a certain period so that you can get organized. That’s why a 0% introductory APR on a 0% APR credit card can be a good option for you. If you pay at least your minimum monthly payment with your 0% APR credit cards, you can avoid late fees on a 0% APR credit card.

Best 0% APR credit card: What is the introductory APR?

One of the best reasons to get a 0% APR credit card is the 0% APR. The 0% APR 0% APR credit card is what will save you money with your credit card balance transfer. When you want to know how to get the best 0% APR credit card, focus on the 0% APR. The longer the introductory APR period, the better for you. Why? You will have more time to pay off your credit card balance and will not owe interest during this period.

Once the introductory or promotional APR on your 0% APR credit card ends, the APR will increase. So, make sure you know the date when your introductory APR expires. This way, you won’t be caught off guard. Remember, the best 0% APR credit card is a tool to help you pay off debt. However, it is not simply a credit card to leave your credit card balance forever.

The best 0% APR credit cards can help you pay off debt faster, which makes them a good idea for balance transfers. Here is what to look for to make the best 0% APR credit cards work for you:

1. Find 0% APR credit cards with low-interest rates.

2. Find the zero percent APR credit cards with little or no balance transfer fees (typically 3%).

3. Choose the best 0% APR credit cards with an introductory period that provides enough time to repay your credit card debt, or that provides enough time to get organized with a debt repayment plan.

4. Ensure that your new 0% APR credit card does not have a balance limit that prevents you from making a balance transfer.

To get approved for the best 0% APR credit cards, you need to have a good to excellent credit score. If you have a strong credit profile, you can get approved for 0% APR credit cards. With the best 0% APR credit cards, banks want to approve customers with a history of financial responsibility who repay their credit card balance in full.

Should you use 0% APR credit cards from your current bank or a different bank?

When it comes to 0% APR credit cards, you want to choose a 0% APR credit card from a different bank than your current credit card. Why? The reason is that you can’t simply lower your credit card interest rate with 0%APR credit cards at the same bank. The reason you get the lower interest rate with the 0% APR credit card is that the new bank wants your business and is willing to offer you the 0% APR in exchange for you becoming a new customer.

What is a good APR for a credit card?

A credit card has an interest rate, which represents the interest that you pay when you borrow money. The interest rate is represented as an annual percentage known as APR or annual percentage rate. If you pay your credit card balance in full each month, you will not owe any interest.

While APRs vary by credit card, typical credit card APRs can range from 10% – 25% (or higher). The average APR credit card is about 15%. Your credit card interest rate may depend on your credit profile, including your credit score, income, and other debt obligations. With a good to strong credit score, you should be able to get low APR credit cards.

What are the best 0% APR credit cards? I want to know how to choose the best 0% APR credit card.

You can check here for all the best 0% APR credit cards.

 

How To Choose The Best 0% APR Cards
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