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When looking for a financial tool that allows you to build credit and borrow money efficiently, the first thing that comes to mind is a credit card. The 0-interest credit cards or credit cards with no interest are just the icings on the cake. Now, an interest-free credit card is also known by different names, such as an introductory APR card, a 0% APR credit card, etc., as APR and interest are the same things and they work the same way.
Basically, these types of credit cards do not charge interest for a limited amount of time. There are some card issuers that offer no-interest credit cards for 24 months. Due to this, you can pay back the money that you borrowed, i.e., your debt, without paying interest on the remaining balance.
You will find two types of no-interest credit cards. The first one is the credit card that offers 0 interest and no balance transfer fees. Introductory APR credit card, which charges 0% interest when you transfer the balance from one card to another. The second one is the purchase introductory APR card which does not charge interest when you purchase new things with the card. Both these cards have limited validity and limit. In this article, we will give you the top picks for the best 0-interest credit cards. Let’s get started.
A Complete Overview of the Best No-Interest Credit Cards
| Name of the Card | Interest Rate | 0% Interest-free Offer Time Limit | Credit Score | Reward Rate | Our Rating |
| Discover it® Cash Back
|
16.24%-27.24% Variable Interest rate | 15 months | (670-850) Above Good Credit Score | 1%-5% | 4.4 |
| Capital One SavorOne Cash Rewards Credit Card | 19.24%-29.24% | 15 months | (670-850) Above Good Credit Score | 1%-10% | 4.9 |
| Discover it® Balance Transfer | 16.24% – 27.24% Variable interest rate | 18 months | (670-850) Above Good Credit Score | 1%-5% | 4.7 |
| BankAmericard® credit card | 16.24% – 26.24% Variable Interest rate | 0% Interest for 21 billing cycles for any Balance Transfers made in the first 60 days. A fee of 3% is charged. | (670-850) Above Good Credit Score | n/a | 5.0 |
| Blue Cash Preferred® Card from American Express | 18.49%-29.49% Variable Interest rate | 12 months | (670-850) Above Good Credit Score | 1%-6% | 4.4 |
| Wells Fargo Reflect® Card | 17.49% – 29.49% variable interest rate | 21 months | (670-850) Above Good Credit Score | n/a | 4.7 |
| Wells Fargo Active Cash® Card | 19.49%, 24.49%, or 29.49% variable interest rate | 15 months | (670-850) Above Good Credit Score | 2% | 4.3 |
| Citi® Diamond Preferred® Card | 17.49% – 28.24% variable interest rate | 21 months for transferring a balance | (670 – 850)Above Good Credit Score | n/a | 4.0 |
| Citi Custom Cash℠ Card | 18.49% – 28.49% variable interest rate | 15 months for transferring a balance | (670-850) Above Good Credit Score | 1%-5% | 4.4 |
| Citi Simplicity® Card | 18.49% – 29.24% variable interest rate | 21 months for transferring a balance | (670 – 850)Above Good Credit Score | n/a | 4.2 |
Detailed Review of the 0 Interest Credit Cards
Here is the detailed review containing features, pros, and cons and all the details about the best no interest credit cards mentioned in the above table:
1. Discover it® Cash Back
This card will work best for someone who is a big spender. It offers 5% cash back, up to $1,500, across various categories for an entire year. 1% cashback for purchases in any category. It provides a 0% interest offer for 15 months. This is a no-annual-fee card. The regular APR of the card is around 16.24%-27.24% (variable).
There is a facility for fraud protection for unauthorized payments and a report on FICO credit score is provided for free. No penalty is charged for the first delinquency ranging up to $41. So, if you do not mind following the rotating quarterly bonus categories, then 0 interest credit cards offers with no balance transfer fees are the right choice.
Features
- 5% cashback is given quarterly on various categories.
- Fraud protection for any authorized payments.
- Free updates about your FICO credit score.
- 0% introductory APR period for 15 months.
- There is no annual fee and no penalties for failing to pay the bill for the first time up to $41.
Pros
- 5% cash back on rotating categories, due to this you get a variety in your choices for spending and earning cash back throughout the year.
- You can retrieve all your rewards from your no-interest credit cards any time you want. There is no limit to it.
- It provides 0% interest for 15 months.
Cons
- You have to follow the rotating quarterly bonus categories, to make the most out of the card.
- There is a limit to the 5% cashback, which is up to $41.
- Discover is not as widely accepted compared to a MasterCard and Visa.
2. Capital One SavorOne Cash Rewards Credit Card
This card is one of the highest-rated 0-interest credit cards on our list. It has a very good reward rate policy(from 1% to 10%). It provides a 0% interest offer for 15 months. The sign-up bonus is decent; you get $200 on spending $500. There is no annual fee. The regular APR of the card is around 19.24%-29.24% (Variable). To redeem a reward there is no time limit, you can redeem it any time you want. The card does not charge any foreign transaction fees. It provided id theft services and the latest technology of contactless payment. However to qualify for this no interest credit card you should have a credit score above 670.
Features
- It has a reward rate between 1% to 10% which is one of the best.
- It provides a 0% interest offer for 15 months.
- Sign-up bonus of $200 on spending $500.
- APR of the card is around 19.24%-29.24% Variable Interest rate.
- To redeem a reward there is no time limit.
- The card does not charge any foreign transaction fees.
- It provided id theft services and the latest technology in contactless payment.
Pros
- This card is one of the highest-rated 0 interest credit cards according to many financial experts.
- It has a reward rate between 1% to 10% which is one of the best.
- To redeem a reward there is no time limit.
- It provided id theft services and the latest technology in contactless payment.
Cons
- To qualify for SavorOne no-interest credit cards, you should have a credit score above 670.
- It has an average Customer Reputation according to consumers.
3. Discover it Balance Transfer
This is also considered one of the highest-rated 0-interest credit cards on our list. This card works best for debt managers. It offers cashback rewards on rotating categories quarterly up to 1% to 5%. It provides a great sign-up bonus that matches the rewards earned in that year. There is no annual fee. It provides a 0% interest offer for 18 months. It charges a 3% intro on balance transfers and the regular APR is 5% for balance transfers, one of the best. There is a facility for fraud protection against unauthorized payments. a report on FICO® credit score is provided for free. No penalty is charged for the first delinquency (up to $41).
Features
- It has a reward rate between 1% to 5% which is one of the best.
- Sign-up bonus that matches the rewards earned that year.
- This no interest credit card does not charge any foreign transaction fees.
- 0% introductory APR period for 18 months.
- There is no annual fee and no penalties for failing to pay the bill for the first time up to $41.
Pros
- This card is one of the highest-rated 0 interest credit cards according to many financial experts.
- Sign-up bonus that matches the rewards earned that year.
- 0% introductory APR period for 18 months.
Cons
- To qualify you should have a credit score above 670.
- You have to follow the rotating quarterly bonus categories, to make the most out of the card.
4. BankAmericard Credit Card
If you are someone who forgets to pay credit card bills on time, this credit card with no interest might be the best pick for you. It does not charge any penalties for late payments. The interest rate for purchases made through BankAmericard 0 interest credit cards is 0% for 21 billing cycles. There are offers on balance transfers, it charges 0% intro for 21 billing cycles.
It is valid for 2 months for credit cards offers with 0 interest and no balance transfer fees. The regular APR is around 16.24% – 26.24% (Variable). It does not provide any sign-up bonuses. There is no annual fee. The card does not charge any foreign transactional fees. It provided id theft services and the latest technology of contactless payment. Overall, this card is a strong contender among the best no-interest credit cards. However to qualify you should have a credit score above 670.
Features
- It does not charge any penalties for late payments.
- The interest rate for purchases is 0% for 21 billing cycles.
- It charges 0% intro for 21 billing cycles, this is valid for 2 months. For balance transfers.
- The regular APR is around 16.24% – 26.24% (Variable).
- The card does not charge any foreign transaction fees.
- They do not provide any sign-up bonuses.
- They provided id theft services and the latest technology of contactless payment.
Pros
- It does not charge any penalties for late payments.
- The card does not charge any foreign transaction fees.
- It provides ID theft services and the latest technology of contactless payment.
Cons
- To qualify, you should have a credit score above 670.
- It does not provide any sign-up bonuses.
5. Blue Cash Preferred® Card from American Express
This card does have an annual fee of $95. It provides a 0% interest offer for 12 months. It has a good reward rate policy(from 1% to 6%). A sign-up bonus of $250 can be earned on spending $3,000 within 6 months. This card also acts as a gas card and offers 3% cash back on gas stations and transits. Also, 6% cashback on U.S supermarkets up to $6,000 after that 1%. The regular APR is around 18.49%-29.49% (Variable). These 0-interest credit cards can be a great choice if you are a big spender in U.S supermarkets.
Features
- This card does have an annual fee of $95.
- It provides a 0% interest offer for 12 months.
- It has a reward rate of 1% to 6%.
- A sign-up bonus of $250 can be earned on spending $3,000 within 6 months.
- You can get 3 % cash back on gas stations and transit.
- 6% cashback on U.S supermarkets up to $6,000 after that 1%.
- The regular APR is around 18.49%-29.49% (Variable).
Pros
- It has a good reward rate policy which ranges from 1% to 6%.
- A sign-up bonus of $250 can be earned on spending $3,000 within 6 months.
- 6% cashback on U.S supermarkets up to $6,000.
Cons
- To qualify you should have a credit score above 670.
- This card does have an annual fee of $95.
6. Wells Fargo Reflect Card
This card provides 0% intro APR for 21 months for both purchases and balance transfers, making it as good as no interest credit cards for 24 months. It charges a 3% intro on balance transfers and the regular APR is 5% for balance transfers. The regular APR is around 17.49% – 29.49% (Variable). There is no annual fee. On the downside, there are no rewards such as a sign-up bonus or cashback offers.
Reflect 0 interest credit cards give a warranty for mobile phones against theft and damages up to $600. The only reason for this card to make it in the list of the best no-interest credit cards is the 0% intro APR period of 21 months which gives you an ample amount of time to pay back the money that you borrowed.
Features
- This card provides 0% intro APR for 21 months for purchases and balance transfers.
- The regular APR is around 17.49% – 29.49% (Variable).
- The card gives a warranty for mobile phones against theft and damages up to $600.
- There are no rewards such as a sign-up bonus or cashback offers.
- There is no annual fee.
Pros
- 0% intro APR period of 21 months, which is almost as good as no-interest credit cards for 24 months.
- There is no annual fee.
- It charges a 3% intro on balance transfers and the regular APR is 5% for balance
Cons
- There are no rewards such as a sign-up bonus or cashback offers.
- For securing the 3% intro balance transfer fee, you have to transfer a qualifying amount within 120 days.
7. Wells Fargo Active Cash Card
This credit card with no interest is for someone who does not want to follow the rotating quarterly bonus categories to earn cashback. They have a 2% cashback offer for every purchase made. The sign-up bonus for this card is $200, you will be getting this reward after spending $1,000 in 3 months.
The Active Cash card provides credit cards offers with 0 interest and no balance transfer fees for 15 months. There is one more thing about rewards, it does not expire. You can redeem it at any time. No annual fees are charged. The regular APR is around 19.49%, 24.49%, or 29.49% (Variable). However, to qualify you should have a credit score above 670.
Features
- They have a 2% cashback offer for every purchase.
- The sign-up bonus for this card is $200, you will be getting this reward after spending $1,000 in 3 months.
- This card provides 0% intro APR for 15 months for purchases and balance transfers.
- No annual fees are charged.
- The regular APR is around 19.49%, 24.49%, or 29.49% (Variable).
Pros
- The sign-up bonus for this card is $200, you will be getting this reward after spending $1,000 in 3 months.
- This card provides 0% intro APR for 15 months for credit card offers with 0 interest and no balance transfer fees.
- They have a 2% cashback offer for every purchase made.
- There is one more thing about rewards, it does not expire. You can redeem it at any time.
Cons
- To qualify you should have a credit score above 670.
- You cannot transfer rewards to any other program.
8. Citi Diamond Preferred Card
This card serves best for someone who wants to manage their debt. As it has one of the longest periods of 0% intro APR for Balance transfers. It offers 0% intro APR on balance transfers for 21 months and 12 months for purchases. The regular APR is around 17.49% – 28.24% (Variable). No annual fees are charged. Though the card comes with a high balance transfer fee.
Features
- It offers 0% intro APR on balance transfers for 21 months, one of the longest periods offered by any card.
- It offers 0% intro APR on purchases for 12 months.
- The regular APR is around 17.49% – 28.24% (Variable).
- No annual fees are charged.
Pros
- It offers 0% intro APR on balance transfers for 21 months, one of the longest periods compared to cards among the best no interest credit cards.
- No annual fee.
- You can borrow money against remaining credit at a fixed rate, by using City Flex Plan.
Cons
- The period for 0% intro APR on purchases is very short.
- There are not many rewards compared to competitors.
9. Citi Custom Cash Card
The City Custom Cash card will be the best for someone who loves to spend money on traveling, dining, groceries, etc. It offers a cashback of 5% on every purchase in top categories during each billing cycle. The 0% intro APR period is 15 months, which is a long time to repay your debts.
A sign-up bonus of $200 is awarded on spending $1,500 within 6 months. No annual fee is charged. After the 0% intro APR offer ends, the regular APR is around 18.49%-28.49%. Overall, the City Custom card is a great choice for big spenders due to the high cash-back reward rate.
Features
- The 0% intro APR period is 15 months.
- It offers a cashback of 5% on all purchases in top categories.
- A sign-up bonus of $200 is given on spending $1,500 within 6 months.
- No annual fee is charged.
- The regular APR is around 18.49%-28.49%.
Pros
- You get an offer of 5% cash back on every purchase in top categories that will be set for each billing cycle.
- A sign-up bonus of $200 is given on spreading $1,500 within 6 months.
- The 0% intro APR period is 15 months.
Cons
- The cashback reward is only for purchases in some categories.
- The regular APR is high compared to other cards.
10. Citi Simplicity Card
As the name suggests the card is very easy to use. It has no annual fees. A 0 penalty is charged in case of late payments, which should be a relief for someone who misses paying the bill on time. The Citi Simplicity Card has credit card offers with 0 interest and no balance transfer fees for 12 months for the purchases, & 21 months for the balance transfers done within 4 months of account opening.
A fee of $3 is charged for the balance transfer done within the first 4 months and after that $5 is charged. These credit cards with no interest will best suit someone who is not good at paying bills on time. However, it is not a good habit to pay bills late as it will affect your credit score.
Features
- 0% intro APR period is for 12 months for purchases.
- 0% intro APR period is for 21 months for balance transfers done within 4 months of account opening.
- It has no annual fees.
- No penalties are charged in case of late payments.
- A fee of $3 is charged for the balance transfer done within the first 4 months and after that $5 is charged.
Pros
- 0 penalties are charged in case of late payments, which should be a relief for someone who misses paying the bill on time.
- 0% intro APR period is for 21 months for balance transfers done within 4 months of account opening. That is a long time offered compared to other cards.
- It has no annual fees.
Cons
- The $5 fee for a balance transfer is quite high.
- The regular APR is around 18.49%-29.24%, which is high compared to other cards.
What are 0 interest Credit Cards?
As the name suggests, it is a card that does not charge any interest for a stipulated period of time, for example, credit cards with no interest for 24 months, credit cards with no interest for 12 months, etc. depending on the type of card you select; after which interest starts being charged. It is also known as- an introductory APR Card, a 0% APR Credit Card, etc. APR and interest are the same in the case of credit cards.
Credit cards with no interest help pay off the money you borrowed (debt), without paying interest on the remaining balance. There are some banks that offer no-interest credit cards for 24 months. Now you will find two types no interest credit cards. The first one is the balance transfer intro APR credit card, this card charges 0% interest when you transfer the balance from one card to another. The second one is the purchase intro APR card, this card does not charge interest when you purchase new things with the card. Both cards can have limited validity and limit.
A single card can have one of these introductory offers or both depending on the card.
How Do 0 Interest Credit Cards Work?
When you get credit cards with no interest from the bank. The bank usually offers a 0% interest-free period of up to 12 to 24 months. There are even banks that offer credit cards with no interest for 24 months as a way of promoting their card. During this period the card will not charge any interest on purchases and balance transfers.
There are no additional charges to avail of this no interest credit cards for 24 months offer, but keep in mind that it is limited for some time. As soon as the offer expires, the card issuer will charge interest on the remaining balance. The interest rate can be from 16% to 29% depending on the bank. So, if you are finding a way to finance your home renovation or traveling, make sure to pay back the debt taken with the card.
Now with the help of an example, we will explain to you how to avoid interest on credit cards and save money by using 0-interest credit cards. Suppose, you made a purchase of $4,800 and are planning to pay it within 24 months, then you have to only worry about paying $200 every month if you’re using no-interest credit cards for 24 months. If not then you would have to pay 18% interest monthly which will make your monthly payments $239. A total of $951 will be the extra money you will be paying as interest in 24 months.
For Whom are 0 interest Credit Cards the Best?
Well, if you are someone who likes to avoid interest on the credit card, then definitely a card with 0% APR will be a good choice for you. But still, some parameters may help you consider no-interest credit cards:
- A Beginner’s Car
If you are someone who just started using a credit card, having a no-interest credit card can be helpful. The card will not charge any interest for about 12 to 24 months and will help you to pay the money borrowed and save money by not paying any interest for that. It helps you in adapting to pay up the money before the deadline, crucial learning for beginners.
- The Debt Manager
If you are planning to transfer money from a high-interest credit card. You should consider a balance transfer intro APR credit card, with that you can save a lot of money while transferring. Though, check for some balance transfer fees that may apply to your request.
- The Big Spender
If you are finding a way to finance your home renovation or traveling you might be looking for a purchase intro APR card, this will help in saving you a lot of money by not paying any money as interest.
How to Benefit from 0 Interest Credit Cards?
You can benefit from 0-interest credit cards by selecting a card that you will utilize for saving a lot of money:
- Transfer high-interest debt
If you have a significant amount on a credit card that has high interest, it will be beneficial for you to transfer all of the credit to 0-interest credit cards that will have no interest for a certain amount of time. You can pay all your debt in that time and save a lot of money.
- Get cashback if you are a big spender
There are a lot of cards that will give you cashback rewards of up to 5%-10% on purchases, which will help you earn a lot of money on purchases.
- Manage your debts before the intro period ends
You should pay off all your debts before the intro period ends as the regular APR for all these cards is quite high. Choose a card that charges 0% interest for a longer period.
How to Find The Right No-Interest Credit Card?
Various types of 0-interest credit cards offer numerous offers. To select the best no-interest credit card type for you, identify the reason behind your requirement and make decisions accordingly. Also, understand your spending pattern so you can make long-term financial goals.
- If you are a Big spender: A no-interest credit card will help you save money while financing a high-value purchase. Some cards provide cash-back rewards of up to 6% on purchases. Though keep in mind if you cannot pay your balance within the 0 intro APR period then go for a low-interest credit card.
- Introductory APR offers period: While selecting a card, you should compare the offer period. Usually, it is around 12-21 months. There are even banks that offer credit cards with no interest for 24 months. So, depending on your situation and needs you should make your decision. Make sure to keep a check on the offer period because the regular APR of these cards is quite high (18%-29%).
- For how long do you want to use it: While selecting a card do keep in mind the regular APR that will follow after the introductory offer time ends. Check for fees that the card will charge you such as the annual fee, transactional fees, and balance transfer fees. If you do not want to use it for a long time, then keep in mind that if you close it immediately it might affect your credit score negatively.
How Did We Select the Best No Interest Credit Cards?
We went through thousands of 0% interest card options and picked the 10 best no-interest credit cards out of them. We have selected the cards based on these parameters:
- Introductory APR offers a period for purchases
- Introductory APR offers a period for Balance transfers
- Regular APR after the Introductory APR offer time ends
- Signup bonuses
- Reward Rate
- Balance Transfer Fee
- Overall benefit that you will receive.
Others include security features, annual fees, customer services, and application processes.
FAQs
Q1. Do 0% interest credit cards exist?
Yes, they exist. Numerous cards offer 0% interest for a limited amount of time(12-21 months). This is usually offered as a promotional stunt for cards. Keep in mind that the regular APR is quite high, ranging from 18% to 29%.
Q2. Is there a credit card with no interest for 24 months?
There is no credit card issuer that offers no-interest credit cards for 24 months currently. However, there is a card that gives 23 months of time, for both purchases and balance transfers.
Q3. Is 0% APR worth it?
If you are planning to finance a big purchase, this card is the right choice for you. Some cards offer a 0% interest period of around 12-21 months, which will give you ample time to repay your debts and save money by not having to pay taxes.
Expert’s Advice
So overall 0 interest credit cards are a great tool for financing a big purchase and saving money. There are two types of 0% interest credit cards. The first one is for purchases while the other is for balance transfers. We have provided you with the 10 best no-interest credit card options and explained how to avoid paying interest on credit cards by availing of various credit cards offers with 0 interest and no balance transfer fees.
Here we have pointed out the 0% introductory APR period. Cash back rewards, sign-up bonuses, and various fees. Make sure to select a card that suits your financial behavior and can help you save money. Finally, there is no general card which you should choose, go through the detailed review of the card we have mentioned and their terms and condition present on their main website, then make an informed decision.
