Credit Cards with 0% APR!

0% APR is a great way to get on top of your debt, especially if you use a balance transfer card. You can find many credit cards that offer 0% APR for the first year or so after opening an account. These cards waive the APR for balance transfers, purchases, or both, which means you don’t have to pay interest on your balance for a particular time. 

How long you go without paying APR depends on the card provider; some may offer a few months, while others give you a little more than a year. When this grace period ends, it’ll be time for you to pay up. 

Sometimes, if you don’t repay the entire balance by the end of the promotion, the lender may require interest payments on the funds you already paid. These situations are known as “deferred interest” offers, not 0% APR. To avoid falling into this trap, always review the fine print before getting a 0% APR credit card.

How To Get A 0% APR Credit Card

Getting a 0% APR credit card is easy. The first step is to determine if you need 0% APR for balance transfers or purchases. Then, research your choices. The grace period each card gives you can differ significantly, so it’s best to create a budget and a plan to pay down as much debt as possible during that timeframe.  

After you have your strategy and picked the best credit card for your situation, it’s time to apply. Creditors consider many factors when people apply for new cards, but if your credit is in good shape, you will have a higher chance of approval.

If you’re ready to get a credit card of your own, here are four of Credit Karma’s best credit cards with 0% introductory APR.

Best For Travel Rewards On A Dime

Bank of America Travel Rewards

  • Intro purchase APR: 0% for 12 months
  • Regular purchase APR: 14.99% – 22.99% variable
  • Annual fee: $0
  • Unlimited 1.5 points for every dollar, no restrictions on categories, merchants, or spending limit
  • No foreign transaction fees
  • No expiration on rewards
  • 25,000 bonus points when you spent $1,000 or more within 90 days of opening your account (or a $250 statement credit for travel expenses)
  • No restrictions when you book your next trip, such as reserving through certain websites, blackout dates, and other limitations
  • $250 statement credit good for car rentals, hotel stays, flights, baggage fees, tourist attractions, and more
  • Preferred Rewards credit cardholders get 25% – 75% additional points for all purchases
  • Contactless payment options

 

Best For Flexible Cashback

Bank of America Cash Rewards

  • Intro purchase APR: 0% for 12 months
  • Regular purchase APR: 13.99% – 23.99% variable
  • Annual fee: $0
  • Earn $200 bonus cashback when you spend $1,000 or more within 90 days of opening your new account
  • Get 3% cashback on any category of your choice, plus automatic 2% back on groceries and wholesale clubs (max $2,500 total)
  • Unlimited 1% cashback on everything else
  • Rewards never expire
  • Preferred Rewards credit cardholders get 25% – 75% additional points for all purchases
  • Contactless payment options

 

Best For High Flat-Rate Cashback

Citi Double Cash

  • Intro purchase APR: N/A
  • Regular purchase APR: 13.99% – 23.99% variable
  • Balance transfers: 0% APR for 18 months
  • Annual fee: $0
  • Get 2% cashback on all purchases (1% at the point of sale and another 1% when you pay your monthly statement)
  • Must make the minimum monthly payments on time to receive your cashback rewards
  • Balance transfers are not eligible for cashback and must be paid in full and on time to avoid interest charges
  • $5 or 3% for balance transfers, depending on the amount

 

Best For Cashback Rewards

Chase Freedom Unlimited

  • Intro purchase APR: 0% for 15 months
  • Regular purchase APR: 14.99% – 23.74% variable
  • Annual fee: 0%
  • Receive $200 cashback when you spend a minimum of $500 within three months
  • Get 5% cashback on up to $12,000 spent at the supermarket, excluding Target and Walmart
  • Unlimited 1.5% cashback on everything else
  • Earn 5% when you book your next trip through Chase, plus 3% back on dining and drugstores
  • No minimum amount needed to redeem your cashback rewards
  • Rewards never expire

 

Source
  • Credit Karma. “0% APR credit cards.” Credit Karma, www.creditkarma.com/credit-cards/zero-percent-interest.
Ian Schindler