Best 0% APR Credit Cards

Overview:

  • Reduce the amount of interest you pay with a 0% introductory rate interest card.
  • 0% introductory rates are available for up to 21 months on purchases and balance transfers.
  • Make your card work twice as hard — 0% introductory rates are available on reward earning products.
  • Save even more by looking for a card with no annual fee!
  • Terms vary by partner offer. Please see each bank’s application for terms and conditions.
  • Clicking View Cards will take you to CreditCards.com to compare 0% APR cards from participating partners.

What are 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 a certain amount of time. You can evaluate 0 credit card offers to determine which offers 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 interest 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 credit card 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 period. 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. During the 0% APR period, 0 APR credit cards do not charge you interest. After the limited time period ends, you will be charged an APR based on your credit profile.

Banks offer 0 balance credit cards and 0 interest 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 credit card transfer for an introductory time period 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.

Here are the best 0% APR Credit Cards of 2020

Capital One® VentureOne® Rewards Credit Card

The Capital One® VentureOne® Rewards Credit Cardhelps you earn 1.25 miles on every purchase. With no annual fees and no foreign transaction fees, the Capital One® VentureOne® Rewards Credit Card also offers 0% APR for 12 months.

Current Bonus: 20,000 miles

Annual Fee: $0
0% APR Period: 12 months

Regular APR: 15.49% – 25.49%

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.

Chase Freedom Unlimited®

The Chase Freedom Unlimited® credit card helps you earn 1.5% cash back on every purchase and your cash back rewards never expire so long as your Chase Freedom Unlimited® is open. You will also receive 0% APR or 15 months.

Current Bonus: $200

Annual Fee: $0

0% APR Period: 15 months

Regular APR: 14.99% – 23.74%

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℠.

BankAmericard® Credit Card

The BankAmericard® Credit Card helps you get 0% APR for 18 months and has no annual fee.

Current Bonus: N/A

Annual Fee: $0

0% APR Period: 18 billing cycles

Regular APR: 12.99% – 22.99%

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).

Blue Cash Everyday® Card from American Express

The Blue Cash Everyday® Card from American Express helps you get 0% APR for 15 months. With no annual fee, you can also earn great cash back rewards, including 3% cash back at supermarkets, 2% cash back at gas stations and 1% cash back on all other purchases.

Current Bonus: $150

Annual Fee: $0

0% APR Period: 15 months

Regular APR: 12.99% to 23.99%

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.

U.S. Bank Visa® Platinum Card

The U.S. Bank Visa® Platinum Card offers 0% APR for 20 billing cycles.

Annual Fee: $0

0% APR Period: 20 billing cycles

Regular APR: 13.99% – 23.99%

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

The Wells Fargo Platinum Visa® Card offers 18 months of 0% APR interest. There is also no annual fee with a Wells Fargo Platinum Visa® Card.

Annual Fee: $0

0% APR Period: 18 months

Regular APR: 15.49% – 24.99%

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.

Capital One® Quicksilver® Cash Rewards Credit Card

The Capital One® Quicksilver® Cash Rewards Credit Cardhas no annual fee, no foreign transaction fees, and helps you get 0% APR for 15 months. With a Capital One® Quicksilver® Cash Rewards Credit Card, you will also receive 1.5% cash back on every purchase.

Current Bonus: $150

Annual Fee: $0

0% APR Period: 15 months

Regular APR: 15.49% – 25.49%

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.

Citi Simplicity® Card

The Citi Simplicity® Card helps you get 0% APR for 12 months for new purchases. With no annual fees or late fees, you’ll also get 0% APR on balance transfers for 21 months.

Annual Fee: $0

0% APR Purchase Period: 12 months

0% APR Balance Transfer Period: 21 months

Regular APR: 14.74% – 24.74%

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

The Wells Fargo Propel American Express® Card helps you get 12 months of 0% APR. You can also earn 3x points restaurants, gas stations, travel and other categories, plus 1x points on every other purchases.

Annual Fee: $0

Current Bonus: 30,000 points

0% APR Period: 12 months

Regular APR: 13.99% – 25.99%

Great Benefits: The Wells Fargo Propel American Express® 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.

What are the pros of the best 0 APR credit cards?

0 APR credit card have several advantages. First, 0 interest credit cards are a great way to stop high interest charges on your existing credit card debt. Second, the best 0 APR credit cards help you repay debt faster because they provide some breathing room from high interest credit card debt. Third, the best 0 APR credit cards often have no annual fee. Fourth, some of the 0 APR credit cards may include 0 percent APR for the first 6-15 months, and potentially longer. For example, there are even 0 credit cards for 24 months.

What are the cons of the best 0 APR credit cards?

0 APR credit cards also have several issues for you to consider.

  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. Second, 0% APR credit cards likely will have a balance transfer fee of 3%.
  3. Low APR credit cards or 0 percent credit cards may only last for a limited time. Therefore, you should have an action plan in place to repay debt after that period ends.

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

The 0 APR credit cards do have fees. The typical fees for 0 interest 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 of time so that you can get organized. Also, if you pay at least your minimum monthly payment with your 0 interest 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% interest for a limited time period. During this limited time period, 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 credit card transfer to the best 0 APR credit cards may include 0 credit cards for 24 months. So, find the right time period that works best for your personal financial situation.

Hopefully, you will use 0 interest 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 interest 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 long does it take to transfer a credit card balance?

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 balance transfer credit card.

Once your credit card balance has been transferred to your new balance transfer credit card, make sure that you:

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

Is it a good idea to do a balance transfer with the best 0 APR credit cards?

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 0 APR credit cards work for you:

  1. Find 0 interest credit cards with low interest rates.
  2. Find the zero percent 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 provides enough time to get organized with a debt repayment plan.
  4. Ensure that your new 0 interest credit cards do not have a balance limit that prevents you from making a balance transfer.

What are zero interest credit cards?

Zero interest credit cards, or 0% APR credit cards, are a type of 0 interest credit cards that offer zero percent interest on credit card balances for an initial term. These are some of the 0 APR credit cards to save you interest costs and help you repay credit card debt faster. When you find 0 credit card offers with zero percent balance transfer, it can be a good idea to transfer a credit card balance.

What credit score do you need for 0 interest credit cards?

For 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 zero percent 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.

Should you use zero interest credit cards from your current bank or a different bank?

With 0 credit card offers, make sure to choose 0 interest credit cards from a bank different than your current bank. The reason is that you can’t simply lower your credit card interest rate with 0 interest credit cards at the same bank. The reason you get the lower interest rate with the 0 APR credit cards is that the new bank wants your business. Therefore, the new bank is willing to offer you low interest to have you as a customer with their 0 interest credit cards.

Should 0 APR credit cards be used for spending?

Ideally, you should not use 0 APR credit cards for spending. The goal of zero interest credit cards is to transfer your existing credit card balance to a new credit card with a lower interest rate. Therefore, 0 credit card offers should be used for transferring credit card balances, not new spending. So, don’t use 0 interest credit cards for new purchases.

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.

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.

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