September 14, 2021
Zero interest credit cards let cardholders skip paying an annual percentage rate on purchases, balance transfers or both for a set period of time. You’ll still have to make at least your minimum payments each month, and your APR will change once the 0% introductory APR period expires. Still, when leveraged correctly, these cards can save you thousands of dollars in interest. Our Payoff Calculator and Balance Transfer Calculator can help you identify the right debt repayment plan. The best zero interest credit cards tout long promotional APR periods, usually between 14 to 20 months, and provide value once their intro APR has expired. Below you’ll find the top offers from our partners, followed by a full list of editor picks.
Why trust us? Our team of experienced credit card experts have analyzed over 300 credit cards to identify the best ones currently in the market across card categories. We use a one-to-five star rating system to assess cards and provide valuable information on how to leverage these offers. When assessing a card’s long-term value, we considered the length of a promotional APR, regular APRs, fees and benefits. All of our cards are assessed independently by our editors based on their research, opinions and other factors.
Zero interest credit cards let cardholders skip paying an annual percentage rate on purchases, balance transfers or both for a set period of time. You’ll still have to make at least your minimum payments each month, and your APR will change once the 0% introductory APR period expires. Still, when leveraged correctly, these cards can save you thousands of dollars in interest. Our Payoff Calculator and Balance Transfer Calculator can help you identify the right debt repayment plan. The best zero interest credit cards tout long promotional APR periods, usually between 14 to 20 months, and provide value once their intro APR has expired. Below you’ll find the top offers from our partners, followed by a full list of editor picks.
Why trust us? Our team of experienced credit card experts have analyzed over 300 credit cards to identify the best ones currently in the market across card categories. We use a one-to-five star rating system to assess cards and provide valuable information on how to leverage these offers. When assessing a card’s long-term value, we considered the length of a promotional APR, regular APRs, fees and benefits. All of our cards are assessed independently by our editors based on their research, opinions and other factors.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Good to Excellent
Credit Recommended (670-850)
CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.All information about the Navy Federal Credit Union Platinum card and the Wells Fargo Cash Wise Visa® card has been collected independently by CreditCards.com. The issuer did not provide the content, nor is it responsible for its accuracy.
Using a credit card to pay down a balance over time can be convenient, but there is a trade-off: interest charges. You can think of interest as the fee you pay for borrowing money, usually expressed as a percentage of your balance. You can avoid interest entirely if you pay your balance in full each month. With a zero interest credit card, however, you get the ability to split up payments over a certain amount of time without accruing interest charges. These credit cards will typically offer new cardholders a 0% introductory APR period – usually 14 months or longer – in which new purchases or even balance transfers made with their card do not accumulate any interest. To help you best leverage these cards, we’ll outline the following:
| Credit card | Best for: | 0% intro APR | Regular APR | CreditCards.com Rating |
|---|---|---|---|---|
| Citi® Diamond Preferred® Card | Balance transfer | 18 months On balance transfers completed within the first 4 months and new purchases | 13.74% – 23.74% Variable | 4.0 / 5 |
| Discover it® Cash Back | Rotating category rewards | 14 months On balance transfers and new purchases | 11.99% – 22.99% Variable | 4.5 / 5 |
| Citi Custom Cash℠ Card | 0% introductory APR on purchases + cash back | 15 months On purchases and balance transfers | 13.99% to 23.99% Variable | 4.1 / 5 |
| U.S. Bank Visa® Platinum Card | Large purchases | First 20 billing cycles On purchases and balance transfers | 14.49% to 24.49% Variable | 4.2 / 5 |
| Wells Fargo Active Cash℠ Card | Cellphone protection | 15 months from account opening on qualifying balance transfers made in the first 120 days as well as purchases | 14.99% – 24.99% Variable | 3.6 / 5 |
| BankAmericard® credit card | Ongoing low APR | 18 billing cycles On balance transfers made in the first 60 days and new purchases. A 3% fee (minimum $10) applies to all balance transfers | 12.99% – 22.99% Variable | 4.4 / 5 |
| Bank of America® Customized Cash Rewards credit card | Flexible cash back categories | 15 billing cycles On balance transfers made in the first 60 days and new purchases. A 3% fee (minimum $10) applies to all balance transfers. | 13.99% – 23.99% Variable | 4.2 / 5 |
| Bank of America® Unlimited Cash Rewards credit card | Unlimited cash back for Preferred Rewards members | 15 billing cycles On balance transfers made in the first 60 days and new purchases. A 3% fee (minimum $10) applies to all balance transfers. | 13.99% – 23.99% Variable | 3.3 / 5 |
| Chase Freedom Unlimited® | 0% intro APR and rewards | 15 months On purchases | 14.99% – 23.74% Variable | 4.5 / 5 |
| Discover it® Balance Transfer | High rewards rate + introductory bonus | 18 months On purchases | 11.99% – 22.99% Variable | 4.5 / 5 |
| Wells Fargo Platinum card | Long 0% intro APR period | 18 months from account opening on purchases and qualifying balance transfers | 16.49% – 24.49% Variable | 4.0 / 5 |
| Citi Simplicity® Card | 0% intro APR + low fees | 18 months on purchases and balance transfers completed within the first four months of account opening | 14.74%-24.74% variable | 3.9 / 5 |
| Blue Cash Everyday® Card from American Express | Good credit | 15 months On new purchases | 13.99% – 23.99% Variable | 3.9 / 5 |
| Capital One Quicksilver Cash Rewards Credit Card | No annual fee | 15 months On new purchases | 15.49% – 25.49% Variable | 3.0 / 5 |
| Citi® Double Cash Card | Cash back | 18 months On balance transfers | 13.99% – 23.99% Variable | 3.5 / 5 |
Why we picked it: If paying off debt is your top priority and you have good to excellent credit, the Citi Diamond Preferred Card could be a lifesaver. The card comes with an extremely long introductory APR offer: 0% for 18 months on balance transfers completed within the first 4 months and purchases, after which your APR is a relatively low 13.74% to 23.74% (variable).
Pros: There’s no annual fee. Plus, cardholders do enjoy certain Citi benefits, including Citi Entertainment, Citi Easy Deals and Citi Flex Plan.
Cons: The lack of a base rewards program limits this card’s long-term value. There’s a balance transfer fee of 3% of your balance or $5, whichever is higher.
Who should apply? Someone looking for a long intro APR on balance transfers who is worried they might be enticed to overspend if their new card offers cash back, points or miles.
Read our full Citi Diamond Preferred Card review or jump back to this card’s offer details.
Why we picked it: One of the best rewards credit cards on the market, the Discover it Cash Back also touts a 0% intro APR for 14 months on new purchases and balance transfers (11.99% to 22.99% variable after that).
Pros: You earn 5% cash back on the first $1,500 you spend in rotating bonus categories each quarter (upon activation, then 1%) and Discover matches your cash back at the end of your first year. The Q2 2021 categories include gas stations, select streaming services and wholesale clubs.
Cons: There is a 3% intro balance transfer fee (up to 5% fee on future balance transfers).
Who should apply? Someone looking for a credit card with well-rounded benefits, including an intro APR on purchases or balance transfers, a potentially low go-to APR and a competitive cash back rewards program.
Read our full Discover it Cash Back review or jump back to this card’s offer details.
Why we picked it: This new cash back card from Citi offers competitive base rewards, a lucrative sign-up bonus and a lengthy promotional APR on purchases and balance transfers (0% for 15 months, then variable 13.99% to 23.99%), all for no annual fee.
Pros: You earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent (after that, 1% cash back). Eligible categories include restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs and live entertainment. But you don’t have to enroll or track your spending; your earnings adjust automatically each billing cycle. You can also earn $200 in ThankYou points (redeemable as cash back) if you spend $750 within three months of account opening.
Cons: The 15-month 0% introductory APR extends to balance transfers (then variable 13.99% to 23.99%), but you’ll pay a steep 5% balance transfer fee (or $5, whichever is greater) if you take advantage of that offer. There’s a cap on your 5% cash back (up to $500 each billing cycle in your top spending category), which obviously eats into the card’s value.
Who should apply? If you’re looking to make a big purchase that will take you some time to pay off, but ultimately want a card that offers rewards, this Citi card is a great option.
Read our Citi Custom Cash Card review or jump back to this card’s offer details.
Why we picked it: If you’re planning to finance a large purchase, this card is one of the best options on the market with its long introductory interest rate on purchases, as well as a lengthy intro period on balance transfers.
Pros: Cardholders receive a full 20 billing cycles before they start accruing interest on new purchases (14.49% to 24.49% variable APR thereafter). This no annual fee card also offers cellphone protection (coverage of up to $600, $25 deductible) in the case of covered damage or theft when you pay your cell phone bill with this card.
Cons: This card has limited long-term value as it does not offer a rewards program. The card also charges a fee of up to $40 for late payments and 2% to 3% on each foreign transaction you make (2% if the transaction is in U.S. dollars, 3% if in a foreign currency).
Who should apply? Anyone seeking a significant amount of time to pay down new purchases interest-free.
Read our U.S. Bank Visa® Platinum Card review or jump back to this card’s offer details.
Why we picked it: Benefits include up to $600 in cellphone protection against damaged or stolen equipment (subject to a $25 deductible) when cardmembers pay their monthly cellphone bill using their Wells Fargo Active Cash℠ Card. Also attractive, the unlimited 2% cash rewards on eligible everyday spending can really add up. Members also enjoy a long 0% introductory APR period for 15-months from account opening, and that applies to both qualifying balance transfers made in the first 120 days as well as purchases (14.99% to 24.99% variable APR thereafter).
Pros: The card carries no annual fee. Cash rewards never expire so long as your account remains in good standing. Besides cellphone insurance, card perks also include Visa Signature Concierge benefits at select hotel properties around the world.
Cons: Depending on spending habits, some may be better served by a card that allows you to maximize earnings in specific categories. It’s also important to note that the 0% intro APR on qualifying balance transfers must be made within the first 120 days as a cardholder to receive the special intro rate. There’s also a balance transfer fee of 3% if you transfer the balance within 120 days; 5% if you don’t (with a $5 minimum).
Who should apply? Anyone reading this through a cracked cellphone screen could certainly use the cellphone protection that comes with this flat rate cash back rewards card.
Read our Wells Fargo Active Cash℠ Card review or jump back to this card’s offer details.
Why we picked it: With this card, you’ll have 18 billing cycles to take advantage of a 0% introductory APR on both balance transfers made within the first 60 days and purchases. After that, your regular APR ranges from 12.99% to 22.99% variable.
Pros: The low regular APR and lack of an annual fee make this card more valuable than the average 0% intro APR card.
Cons: The balance transfer fee is a standard 3%, with a $10 minimum.
Who should apply? Someone who is looking to avoid rewards on their intro APR card, so they can focus on paying down a balance transfer or large purchase. (Be sure, too, you can make any applicable balance transfers within your first 60 days.) This card is also potentially a fit for someone with good credit who is hoping for a low(ish) go-to APR once the intro period expires.
Read our full BankAmericard credit card review or jump back to this card’s offer details.
Why we picked it: New cardholders can take advantage of a 0% introductory APR on purchases and for any balance transfers made in the first 60 days for 15 billing cycles (after that it’s 13.99% to 23.99% variable).
Pros: Choose one of 6 valuable categories each calendar month for 3% cash back: gas, online shopping, dining, travel, drug stores or home improvement/furnishings. Plus, you’ll also earn 2% cash back at grocery stores and wholesale clubs (up to the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%).
Cons: Keep in mind that any balance transfers will be subject to a fee of 3% ($10 minimum).
Who should apply? Someone looking for an intro APR on purchases or balance transfers who is also looking for a cash back credit card that offers bonus rewards on everyday spending, once they’ve paid their balances down.
Read our full Bank of America Cash Rewards credit card reviewor jump back to this card’s offer details.
Why we picked it: With its unlimited 1.5% cash back on all eligible purchases and 0% intro APR on balance transfers made in the first 60 days and purchases for 15 billing cycles (then 13.99% to 23.99% variable APR), this flat rate card offers both versatility and value. Existing Bank of America Preferred Rewards members stand to earn even more with an additional 25% to 75% boost on cash back rewards (the value of the boost varies based on the amount in your eligible Bank of America accounts). Also worth noting: cardmembers receive a $200 online cash rewards bonus after spending $1,000 within the first 90 days of account opening.
Pros: Cash rewards don’t expire as long as your account remains in good standing. Cash rewards can be redeemed for statement credits, deposits made directly to your Bank of America checking or savings account or as a credit to an eligible Merrill account.
Cons: Carry a balance beyond the introductory 15 billing cycle period and you could wind up paying quite a bit in interest, especially if you fall under the higher APR range. Some folks may be better served by a card that offers a high rewards rate on bonus categories aligned with their spending habits.
Who should apply? This unlimited flat rate card has broad appeal but existing Bank of America account holders can take advantage of the additional 25% to 75% boost on cash back rewards.
Read our full Bank of America® Unlimited Cash Rewards credit card review or jump back to this card’s offer details.
Why we picked it: You can get 0% intro APR for 15 months on purchases, then it’s 14.99% to 23.74% variable.
Pros: Cardholders receive 5% cash back on travel purchased through Chase Ultimate Rewards; 5% cash back on Lyft purchases (through March 2022); 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year; 3% cash back on dining and drugstore purchases; and 1.5% cash back on general purchases. The sign-up bonus on this card is $200 after a low $500 spend within the first 3 months.
Cons: There’s no 0% intro APR offer on balance transfers.
Who should apply? Someone looking for an intro APR on purchases who is also hoping to secure a competitive sign-up bonus. (Note: Remember to pay any balances off in full before the introductory period expires. Otherwise, you’ll ultimately lose those bonus rewards to interest).
Read our full Chase Freedom Unlimited review or jump back to this card’s offer details.
Why we picked it: Yes, cardmembers can make use of its lengthy 18-month 0% intro APR for balance transfers, plus a six-month 0% intro APR on purchases (11.99% to 22.99% variable APR after that). But what really stands out here are the card’s high rewards rate and Unlimited Cashback Match.
Pros: Earn 5% cash back on rotating categories like grocery stores, restaurants and gas stations up to the card’s quarterly max, then receive an unlimited 1% cash back after (activation required).
Cons: The purchase APR period isn’t very long compared to what’s offered by similar cards.
Who should apply? Anyone looking for a balance transfer card they can stick with long after paying down the debt will find a lot to like about the Discover it® Balance Transfer, including a high rewards rate and excellent first-year bonus.
Read our full Discover it® Balance Transfer review or jump back to this card’s offer details.
Why we picked it: The Wells Fargo Platinum boasts an impressive 18-month-from-account-opening introductory APR period for both purchases and qualifying balance transfers (then 16.49% to 24.49% variable APR). If you’re looking to maximize the amount of time you can avoid interest charges, this is one of the best offers on the market.
Pros: The card carries no annual fee.
Cons: There is a tradeoff if you’re going to transfer a balance: a fee of 3% or $5 (whichever is greater) for transfers made within the first 120 days from account opening, then up to 5% after that ($5 minimum). Also, there is no rewards program, so the long-term value of this card is limited.
Who should apply? Someone looking for a long intro APR on purchases and qualified balance transfers, given this card touts one of the longest offers currently available. (Just be sure to make any balance transfers in that 120-day window.)
Read our full Wells Fargo Platinum card review or jump back to this card’s offer details.
Why we picked it: This no-frills credit card will appeal to people looking for a lengthy 0% intro APR (18 months on purchases and balances transfers completed within the first four months then 14.74% to 24.74% variable APR thereafter) and consumer-friendly fee structure.
Pros: This is one of the only cards on the market that lets you avoid late payment fees and a penalty APR for the long haul. The lack of rewards could be a boon, if you want to focus solely on paying down transferred balances or a large purchase. (Note: Late payments will still hurt your credit score and are best avoided.)
Cons: You’ll pay a balance transfer fee of 3% of the transferred balance or $5 whichever is greater. The lack of a rewards program is a drawback if you’re looking to earn points, miles or cash back once you’re done paying down your debt or a large purchase.
Who should apply? If you want to avoid interest in the short term and certain fees in the long term, the Citi Simplicity fits the bill.
Read our full Citi Simplicity® Card review or jump back to this card’s offer details.
Why we picked it: There’s a 0% intro APR on purchases (15 months, then 13.99% to 23.99% variable).
Pros: You’ll enjoy an impressive cash back rewards program for no annual fee. That includes 3% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%); 2% cash back at U.S. gas stations and select U.S. department stores; and 1% cash back on general purchases. Cardholders can also earn a $100 statement credit when they spend $2,000 in their first 6 months of card membership and earn 20% back on Amazon.com purchases on the card within the first 6 months, up to $150 back.
Cons: There is no 0% intro APR balance transfer offer.
Who should apply? Someone with good credit who is about to make a large purchase they’ll need some time to pay off and ultimately wants to earn rewards on everyday expenses.
Read our full Blue Cash Everyday Card from American Express review or jump back to this card’s offer details.
Why we picked it: This no annual fee card has a decent 0% intro APR on purchases of 15 months, which means you pay off purchases without paying interest throughout 2021; it’s 15.49% to 25.49% variable after that.
Pros: Cardholders earn 1.5% cash back on all purchases. They can also earn $200 after a $500 spend within the first 3 months.
Cons: There’s no 0% intro APR on balance transfers.
Who should consider this card? Someone looking for an intro APR offer on purchases who ultimately wants to earn cash back without having to think too hard about their card’s rewards program.
Read our full Capital One Quicksilver Cash Rewards Credit Card review or jump back to this card’s offer details.
Why we picked it: You’ll pay 0% interest for the first 18 months on balance transfers, after which the APR is 13.99% to 23.99% (variable).
Pros: One of our favorite flat-rate cash back cards, the Citi Double Cash Card offers 1% cash back on general purchases and 1% cash back as you pay those purchases back. There’s no annual fee.
Cons: The balance transfer fee for new cardmembers is either $5 or 3% of the amount of each transfer, whichever is greater. There is no 0% intro APR offer for purchases.
Who should apply? Someone looking for a credit card that could bolster their financial health via a long balance transfer offer and encourage long-term responsible spending habits, given the card rewards paying down your balances.
Read our full Citi Double Cash Card review or jump back to this card’s offer details.
Every credit card comes with an APR, also known as an interest rate, which is usually expressed as a percentage. APR stands for annual percentage rate and is essentially the cost of using the credit card to borrow money. The lower the interest rate, the less interest you will pay.
If you pay your credit card bill in full each month, you won’t pay any interest charges. But that’s an ideal situation. U.S. adults with a credit report and Social Security number have, on average, $1,621 in credit card debt per account, according to the Federal Reserve Bank of New York.
A 0% interest credit card allows you to avoid accumulating interest for a set amount of time. Some cards even offer a 0% intro APR period for debt you transfer from a different card, too, which can be a saving grace for those who are overwhelmed by an existing credit card balance. Zero interest cards usually require good or excellent credit and often have no annual fee. Keep in mind, you must still make your minimum monthly payments during the 0% intro APR period. Otherwise, the issuer will report a missed payment to the credit bureaus and the account will ultimately go into default. Plus, you’ll incur fees and, in most cases, lose access to the 0% introductory APR offer.
Each 0% introductory offer is different, but there are a few nuances that you should be familiar with when evaluating each one.
Not only does your credit score impact whether you get credit, your score affects what interest rate you get. This is true of all types of credit, including mortgages, car loans and credit cards. For credit cards in the U.S., the interest rate is usually a variable, typically the prime rate plus a margin of, for example, 10.99%. That’s where your credit score comes in.
Your credit card issuer will look at your application and your credit score to decide where on that variable range your interest rate will land. For example, the range may be 11.99% to 22.99% variable APR, and because you have excellent credit and a solid income, you are granted a lower interest rate of say, 12.99%. Have a credit report that shows some missed payments? The interest rate you are assigned will likely be on the higher end.
Attempting to carry a high balance on a high interest credit card can quickly land you in debt. Interest rates will increase the total amount you pay and can delay your payoff timeline by quite a bit, depending on how much you owe. Most credit cards have a variable rate, anywhere from 14% to 27%. This rate is determined by the issuer based on your individual creditworthiness.
Let’s say you make a large $5,000 purchase and the issuer has given you an interest rate of 14%. Using our Payoff Calculator to crunch the numbers, we can see that by paying $300 each month, it would take you 19 months to pay off your entire balance, and you’d spend $593 in interest.
Sometimes an issuer will give you a much higher interest rate after assessing your credit. If you make a $5,000 purchase but have an interest rate of, say, 27%, and pay the same minimum $300 each month, it will take you 22 months to pay off your balance and you’ll spend $1,338 in interest.
Now, let’s say you qualify for a credit card with an 18-month 0% introductory APR on purchases. If you make a $5,000 purchase and make that same $300 monthly payment, you’ll pay the balance off in 17 months, one full billing cycle before the 0% intro APR expires and you’ll pay $0 in interest. Here’s a recap of how the math works out:
| Total balance | Interest rate | Monthly payment | Total interest | Total cost | Payoff time |
|---|---|---|---|---|---|
| $5,000 | 27% | $300 | $1,338 | $6,338 | 22 months |
| $5,000 | 14% | $300 | $593 | $5,593 | 19 months |
| $5,000 | 0% | $300 | $0 | $5,000 | 17 months |
In this example, the 0% intro APR on purchases saved you $593 to $1,338 dollars and two-to-five months in repayment, depending on your interest rate.
Now, the math changes a bit if you’re conducting a balance transfer, because almost all cards offering a zero percent introductory APR charge a 3% to 5% fee for balance transfers. However, assuming you’re transferring a $5,000 balance to 0% intro APR card that charges a 3% balance transfer fee with plans to make a $300 monthly payment, you can still come out ahead. Here’s how the costs break down:
| Total balance | Interest rate | Balance transfer fee | Monthly payment | Total interest | Total cost | Payoff time |
|---|---|---|---|---|---|---|
| $5,000 | 27% | N/A | $300 | $1,338 | $6,338 | 22 months |
| $5,000 | 14% | N/A | $300 | $593 | $5,593 | 19 months |
| $5,000 | 0% | $150 | $300 | $0 | $5,150 | 18 months |
In this scenario, the person paying a 27% interest rate can save $1,188 by conducting a balance transfer onto a 0% intro APR card, while the person paying a 14% interest can save $443.
All good things must come to an end, and that includes 0% introductory APR periods. When that time comes, your credit card balance will be subject to interest charges, which can add up quickly if you’re not careful. Let’s look at how to minimize your interest costs.
If you are carrying high-interest credit card debt or need to make a large purchase that will take you more than one billing cycle to pay off, a zero interest introductory APR credit card can save you significantly in interest. They’re also a choice tool for debt management or short-term liquidity.
If you aren’t carrying debt and pay your balances off in full each month, you might be better served by a lucrative rewards credit card. (While some 0% introductory APR cards offer rewards, many do not.) Keep in mind, your credit score plays a role in whether a zero interest introductory APR credit card is worthwhile as you’ll need good to excellent credit to qualify for the best offers.
If you’re looking to pay down a balance over time while minimizing interest charges, a 0% intro APR card is one of the best ways to do so. But there are shortfalls, like the fact that you usually need good to excellent credit to qualify. Here are a few similar options for those looking to pay minimal interest.
Further reading: Guide to doing a balance transfer with bad credit
When looking for an intro 0% interest card, you’ll have options – according to our January 2021 survey, there were 36 cards offering a 0% introductory APR for balance transfers. But how do you choose one? Start by considering these factors.
Chipping away at credit card debt is a good thing, but it’s even better to do so without paying interest charges.
For example, say you’re currently carrying a $2,000 balance on a credit card with a 16% APR and you’re making $60 monthly payments. You can expect to pay that balance off in 45 months and pay $662.73 in total interest. Were you to transfer your balance to, say, the BankAmericard® credit card, which offers a 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days (12.99% to 22.99% variable APR thereafter) at 3% fee (min. $10), you could expect to pay that balance off in 37 months and pay $212.51 in interest**. That means you’ll pay the balance back 8 months sooner and save $450.22 in interest.
Our balance transfer calculator can help you determine how much you could save by transferring your current balance to various cards with a 0% intro APR.
Do you have a home improvement project on the horizon? What about a car repair, or even a vacation? If you have a large purchase planned, taking advantage of a 0% intro purchase APR offer can reduce some of the financial strain.
Using our balance transfer calculator, if you were to charge $3,000 in car repairs to a credit card with an 18% APR on purchases and pay those repairs off in $500 monthly increments, you would pay $168.04 in interest over 7 months. But if you charged those repairs to a credit card with a 0% introductory offer for at least 6 months, you could skip interest entirely and pay your balance off one month earlier.
Any balance that you still owe at the end of your 0% intro period will be subject to interest charges, even if you made the purchases before the intro period ended. For that reason, you should be hyper-aware of when that period ends.
For instance, let’s say you charged $5,000 to a zero percent interest credit card, but are only able to pay off $2,000 before the 0% introductory offer expires. If that card then carries a 22% APR and you start making $500 monthly payments, it’ll take you another 7 months to pay off the balance and you’ll pay $208.34 in interest.
**All calculations were obtained using our balance transfer calculator.
Research methodology: We analyzed over 1,000 zero interest intro APR credit cards to identify some of the best offers on the market. The major factors we considered were:
Other criteria used include other rates and fees, rewards rates, extra benefits and features, customer service, credit needed, ease of application and security features.
For more information on all things 0% APR cards, continue reading content from our credit card experts:
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CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
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We’re sorry, but something went wrong and we couldn’t find your approval odds. Instead, you’ll see recommended credit ranges from the issuers listed next to cards on our site to help you determine which cards you’re likely to be approved for.
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