zero percent interest credit cards:Are you looking to finance debt or new purchases without paying interest? Zero percent APR credit cards can be an excellent option. These cards offer a promotional period during which you won’t be charged any interest on your balance. If you’re considering getting a zero percent APR credit card, here are the top options for 2024.
Benefits of 0% APR Credit Cards
Zero percent APR credit cards offer several benefits, including:
- Interest-Free Financing: You can finance purchases or consolidate debt without accruing interest during the promotional period.
- Flexible Repayment Options: Most cards offer a variety of repayment options, allowing you to pay off your balance over time.
- Build Credit: Responsible use of a zero percent APR credit card can help you build or improve your credit score.
- Rewards and Perks: Many zero percent APR credit cards offer rewards programs, cash back, or other perks.
Top 0% APR Credit Cards for 2024
Citi® Diamond Preferred® Card
- Intro APR: 0% for 18 months on purchases and balance transfers
- Regular APR: 18.24% – 28.99% (Variable)
- Annual Fee: $0
- Rewards: None
BankAmericard® Credit Card
- Intro APR: 0% for 18 billing cycles on purchases and balance transfers
- Regular APR: 12.99% – 22.99% (Variable)
- Annual Fee: $0
- Rewards: None
U.S. Bank Visa® Platinum Card
- Intro APR: 0% for 20 billing cycles on purchases and balance transfers
- Regular APR: 14.49% – 24.49% (Variable)
- Annual Fee: $0
- Rewards: None
Chase Freedom Unlimited®
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 14.99% – 23.74% (Variable)
- Annual Fee: $0
- Rewards: Earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1.5% on all other purchases.
Discover it® Cash Back
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 11.99% – 22.99% (Variable)
- Annual Fee: $0
- Rewards: Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations, and when you pay using PayPal, up to the quarterly maximum when you activate, 1% unlimited cash back on all other purchases – automatically.
Wells Fargo Platinum Card
- Intro APR: 0% for 18 months on purchases and balance transfers
- Regular APR: 16.49% – 24.49% (Variable)
- Annual Fee: $0
- Rewards: None
Blue Cash Everyday® Card from American Express
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 13.99% – 23.99% (Variable)
- Annual Fee: $0
- Rewards: Earn 20% back on Amazon.com purchases on the Card within the first 6 months of Card Membership, up to $150 back. Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits.
Capital One Quicksilver Cash Rewards Credit Card
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 14.99% – 24.99% (Variable)
- Annual Fee: $0
- Rewards: Earn unlimited 1.5% cash back on every purchase, every day.
Discover it® Miles
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 11.99% – 22.99% (Variable)
- Annual Fee: $0
- Rewards: Earn unlimited 1.5x Miles on every dollar spent on all purchases – from airfare and hotels to groceries and online shopping.
Bank of America® Customized Cash Rewards credit card
- Intro APR: 0% for 15 billing cycles on purchases and balance transfers
- Regular APR: 13.99% – 23.99% (Variable)
- Annual Fee: $0
- Rewards: Earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and 1% cash back on all other purchases.
Chase Freedom Flex℠
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 14.99% – 23.74% (Variable)
- Annual Fee: $0
- Rewards: Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
Capital One VentureOne Rewards Credit Card
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 14.99% – 24.99% (Variable)
- Annual Fee: $0
- Rewards: Earn unlimited 1.25X miles on every purchase, every day.
Capital One SavorOne Cash Rewards Credit Card
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 15.99% – 25.99% (Variable)
- Annual Fee: $0
- Rewards: Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases.
Chase Sapphire Preferred® Card
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 15.99% – 22.99% (Variable)
- Annual Fee: $95
- Rewards: Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,250 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
How to Choose the Right 0% APR Credit Card
When choosing a zero percent APR credit card, consider the following factors:
- Introductory Period: Look for a card with a long introductory period to maximize the time you have to pay off your balance interest-free.
- Regular APR: After the introductory period ends, the regular APR will apply. Choose a card with a low regular APR if you anticipate carrying a balance.
- Fees: Consider any annual fees or other fees associated with the card.
- Rewards: If you’re interested in earning rewards, look for a card that offers cash back, points, or miles.
- Credit Score: Some zero percent APR credit cards require a good to excellent credit score for approval.
In conclusion, zero percent APR credit cards can be a valuable tool for financing debt or new purchases without accruing interest. By choosing the right card for your needs and using it responsibly, you can take advantage of interest-free financing and potentially earn rewards in the process.
5 Unique FAQs
- Can I use a 0% APR credit card for balance transfers?
- Yes, many 0% APR credit cards offer introductory periods for balance transfers as well as purchases.
- Are there any downsides to 0% APR credit cards?
- One potential downside is that if you don’t pay off your balance before the promotional period ends, you could be hit with high interest charges.
- Can I earn rewards with a 0% APR credit card?
- Yes, many 0% APR credit cards offer rewards programs, although the rewards may be lower than those offered by cards with higher interest rates.
- What credit score do I need to qualify for a 0% APR credit card?
- Most 0% APR credit cards require a good to excellent credit score for approval.
- How long do 0% APR offers typically last?
- The length of the introductory period varies by card but can range from 12 to 21 months or longer.
