November 12, 2019

Top 10 Zero Interest Credit Cards

A zero interest credit cards or a 0% APR card is a product that offers zero interest credit cards for a stipulated duration. This may last for up to eighteen months or even longer than that. These are ideal for clearing off card balance without taking on any further charges. They are also suitable for debt consolidation.

These cards offer a 0% annual percentage rate on purchases for a particular duration. With balance transfers made, you can be laid off the interest fees costs. If you are looking for a free line of credit and want cards that give you the best deals, then here are the options to consider:

Best Zero Interest Credit Cards:

1. Chase Freedom Unlimited:

freedom unlimited

Chase Freedom Unlimited is one of the best cards in the market. It comes with an Intro bonus of 150 USD. Basically, you can earn 150 USD after you have made purchases worth 500 USD. This is valid for three months of account opening. It comes with a 0% Intro Annual Percentage Purchase period and it is valid for fifteen months.

This card also offers unlimited 1.5% cashback on all the purchases made. Additionally, the 0% APR for fifteen months from account opening. After this, the variable rate of interest is 16.74%-25.49%. No annual fee needs to be is there on this. The free credit score and your credit journey are updated weekly.

2. Capital One Quick Rewards

quicksilver-card-art

Capital One Quick card comes with an Intro Bonus of 150 USD too like many of its competitors. 150 USD can be redeemed post 500 USD on purchases within the first three months of opening the account. It comes with a 0% APR purchase period. It is valid for fifteen months.

The regular APR is about 15.74%-25.74%. No rotating categories or sign-ups are required for cash rewards. You do not need to pay an annual fee or any sort of foreign transaction fees with this particular card. The reward rates are 1.5%.

3. Discover It Cash Back

discover it cash back

This card comes with a great intro bonus. They have introduced a cashback match offer wherein Discover matches all the cashback you earn towards the end of the first year and you get all of it automatically. It does not come with any sort of sign up.

The best part is this does not come with any limit at all. The APR in the intro period is only 0%. This is valid for fourteen months, after which 13.74% to 24.74%. You will earn five percent cash back through different means and measures.

For places like grocery stores, gas stations as well as restaurants. You can earn an unlimited 1% cashback on all the other purchases too. Redeem this cashback at any time. The rewards are valid throughout and you can use these on Amazon also- the leading e-commerce giant. There is no annual fee at all.

4. Bank Americard

Bank Americard

This card is ideal for a balance transfer. It has 0% intro Annual Percentage Rate for eighteen billing cycles. This is valid for sixty days. The annual percentage rate for purchases intro is 0%. The regular APR varies between 14.74% to 25.74%. This is great for paying down the large balances, purchases.

With a 0% intro annual percentage rate, you can take the most advantage of it in the first sixty days. This is where balance transfers can be made. The main advantage of this card is that it is ideal for eighteen billing cycles. Even after the intro offer is over, the 3% fee is applied to all kinds of balance transfers.

With this card, you can also access the FICO score for no cost at all. It is a free feature in online banking on the collaborated mobile banking application.

5. Chase Freedom

Chase Freedom

In a nutshell, the intro bonus of this card is 150 USD. After you spend 500 USD on purchases for the first three months. This card comes with a 0% annual percentage rate. It is valid for fifteen months. The 0% Intro Annual Percentage Rate and the balance transfer period is one of the highlights of this card.

After the first fifteen months, the regular annual percentage rate varies between 16.74% to 25.49% depending on your credit score. The best part is that you can earn about 5% cashback on an amount of up to 1500 USD in total combined purchases. This is done in bonus categories for each quarter that you activate. Enjoy a new five percent cashback on selected categories every year.

6. Citi Simplicity Card

Citi Simplicity Card

Citi Simplicity Card comes with one of the most extended durations. It does not have any late fees, no annual fees or no penalty rates. 0% intro APR is also another advantage of this card because it lasts for about twenty-one months. All transfers need to be completed in the first four months.

After this duration, the variable annual percentage rate will vary between 16.49-26.49%, based on your kind of creditworthiness. If you choose to transfer a balance with an offer after your offer expires. There is no balance transfer fee of five percent or five USD of the transfer amount.

7. Wells Fargo Platinum Card

Wells Fargo Platinum Card

Rate and the Fees:

  • The annual fee of this card is 0 USD.
  • The intro annual percentage rate is 0% for the first eighteen months.
  • The regular annual percentage rate lies between 17.24-26.74%.
  • The intro interest rate is valid for eighteen months for a balance transfer.

8. Wells Fargo Cash Wise Visa Card

Wells Fargo Cash Wise Visa Card

Rate and the Fees:

  • The annual fee of this card is 0 USD.
  • The intro annual percentage rate is 0% for the first fifteen months.
  • The regular annual percentage rate lies between 15.74-27.74%.
  • The intro interest rate is valid for fifteen months for a balance transfer.

9. Capital One SavorOne

Capital One SavorOne

Rate and the Fees:

  • The annual fee of this card is 0 USD.
  • The intro annual percentage rate is 0% for the first fifteen months.
  • The regular annual percentage rate lies between 15.74-25.74%.
  • The intro interest rate is valid for fifteen months for a balance transfer.

10. Capital One Venture One

Capital One Venture OneRate and the Fees:

  • The annual fee of this card is 0 USD.
  • The intro annual percentage rate is 0% for the first twelve months.
  • The regular annual percentage rate lies between 13.74-23.74%.

When we speak about 0% APR criteria- we consider a stipulated duration for purchases as well as negligible interest rates for balance transfers too. Additionally, we have also taken into consideration other criteria such as:

  • Regular annual percentage rate
  • Balance Transfer fee
  • Other fees and rates
  • Extra features and benefits
  • Credit Needed
  • Customer service
  • Ease of application
  • Security

Benefits of having a zero-interest credit card:

  • It is ideal for major purchases where you can spend a lot of amount without any interest(zero interest credit cards).
  • It is a good option for debt consolidation. Consumers can use this offer for consolidation of debt wherein they can place multiple balances on one card itself.
  • You can use this for balance transfers as well. This is one of the most common uses of having a 0% interest rate.
  • Non-card debt is another way to use it. You can use this 0% interest rate offer for clearing your debt. However, when you take a loan with very low zero interest credit cards, it may not be worth the while for transferring your credit balance.

Key Takeaways:


There are plenty of advantages of a credit card. Zero-interest credit cards or a 0% APR have a lot of advantages. All of them come with a certain duration for balance transfer and also come with stipulated durations.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *