Credit cards are notorious for having higher interest rates than many other financial products, but the best 0 APR credit cards allow you to skip interest payments on purchases, balance transfers, or both with promotional 0% APR periods.
When comparing 0% APR credit cards, keep in mind that some lack other benefits like rewards and other perks and may not be useful when the promotional period expires.
We’ve compiled a list of some of our favorite 0% APR credit cards to help you determine which one is best for you.
Best 0 APR Credit Cards with Low Interest for 2023
You can make purchases interest-free for a set period of time if you have a 0% intro APR period. The best cards also allow you to transfer a balance for a charge while paying no interest throughout the intro period.
The top 0% APR credit cards allow you to avoid interest for up to 15 months or more, which means you may not be charged interest until January 2025.
Though you’ll still have to make minimum payments, they’re among the best instruments for paying off prior debt or covering unexpected needs if you use the appropriate technique.
Check out our top selections and suggestions below to choose the best 0% APR card for you.
Discover it® Cash Back
Begin with the initial zero percent APR deals on purchases and balance transfers for 15 months, followed by a variable APR ranging from 17.24 percent to 28.24 percent.
Then take a look at Discover it® Cashback, a potentially profitable cash-back rewards program.
By activating the rotating categories every quarter and completing bonus-eligible purchases, you may maximize the card’s long-term worth.
Card Details
- Exclusive to Discover: Unlimited Cashback Match At the end of your first year, Discover will automatically match all the cash back you’ve earned! There are no minimum or maximum spending requirements. You could convert $150 into $300.
- Earn 5% cash back on everyday purchases at various locations such as Amazon.com, grocery stores, restaurants, and petrol stations each quarter, up to the quarterly maximum when you activate. Plus, you automatically get unlimited 1% cash back on all other purchases.
- Discover may be able to assist you in reducing the exposure of your personal information online by assisting you in removing it from chosen people-search sites that may sell your data. It’s free, and you can get started with the smartphone app.
- You can redeem $1 for every $1 you earn in cash back.
- Purchases are eligible for a 0% intro APR for 15 months. The Standard Variable Purchase APR ranges from 17.24% to 28.24%, depending on creditworthiness.
- There is no annual charge.
- To view the terms and conditions, go to Discover’s website.
Pros and Cons
Pros
- Discover cards have a number of favorable characteristics for consumers, including no annual fee, no international transaction fees, and no penalty APR.
- The amount of cash back you receive at the conclusion of your first year will be matched by Discover.
Cons
- To optimize your benefits, you must enroll in and track quarterly rotating cash-back categories.
- After the Cashback Match offer expires, the card’s value decreases in the second year.
Wells Fargo Active Cash® Card
Look no further if you want an introductory APR credit card with long-term value.
The Wells Fargo Active Cash Card has one of the finest flat cash rewards rates on the market right now. Furthermore, there is no annual charge.
Card Details
- Earn a $200 cash reward bonus after spending $500 in the first three months.
- Earn unlimited 2% cash back on purchases.
- 0% initial APR for 15 months on purchases and qualifying balance transfers, then a variable APR of 20.24%, 25.24%, or 29.99%; balance transfers made within 120 days qualify for the intro rate and charge of 3%, then a BT fee of up to 5%, min: There is no annual fee of $5.
- There are no categories to know or manage, and cash rewards do not expire as long as your account is active.
- With Visa Signature Concierge, you may enjoy a premium assortment of privileges at some of the world’s most intriguing and distinguished hotel establishments.
- When you pay your monthly cell phone bill with a qualifying Wells Fargo card, you can get up to $600 in cell phone protection against damage or theft (subject to a $25 deductible).
- Click “Apply Now” to find out more about the product’s features, terms, and conditions.
Pros and Cons
Pros
- It includes a welcome bonus as well as a great intro APR rate on purchases and balance transfers.
- You’ll get a best-in-class 2% cash back on purchases.
Cons
- People who enjoy traveling overseas will be disappointed by the 3% foreign transaction cost.
- After the first 120 days after account opening, the initial balance transfer cost will increase from 3% to up to 5% (minimum: $5).
Capital One SavorOne Cash Rewards Credit Card
With the Capital One SavorOne Cash Rewards Credit Card, you may earn considerable rewards for eating out and eating in.
Use it as a cashback card to receive 3% cash back on restaurants, entertainment, popular streaming services, and grocery stores (excluding superstores like Walmart® and Target®).
Card Details
- Earn a one-time cash bonus of $200 after spending $500 on purchases within the first three months of account opening.
- Earn an infinite amount of money. 3% cash back on restaurants, entertainment, popular streaming services, and grocery stores (excluding superstores such as Walmart® and Target®), plus 1% cash back on all other transactions
- Earn 10% cash back on Uber and Uber Eats purchases, as well as bonus Uber One membership statement credits, through 11/14/2024.
- Earn 8% cash back when you buy Capital One Entertainment.
- Earn an unlimited 5% cash back on hotels and rental cars booked via Capital One Travel, where you’ll find the greatest pricing on thousands of vacation alternatives. Terms and conditions apply.
- There are no rotating categories or sign-ups required to get cash rewards; also, cashback will not expire for the life of the account and there is no limit to how much you can earn. 0% initial APR on purchases and balance transfers for 15 months; 19.99% – 29.99% variable APR thereafter; 3% fee on transfers made during the first 15 months
- There are no foreign transaction fees.
- There is no annual charge.
Pros and Cons
Pros
- Your rewards will not expire for the duration of your account, and there is no minimum redemption amount.
- The card features a number of consumer-friendly features, such as no annual cost and no foreign transaction fees.
Cons
- The SavorOne has a high continuing APR as compared to other rewards cards.
- It has a tiny welcome bonus: $200 after spending $500 in the first three months.
Capital One VentureOne Rewards Credit Card
The Capital One VentureOne Rewards Card features a good introductory bonus.
As well as a high rewards rate on hotel and rental vehicle purchases made through Capital One Travel for no annual fee, making it an easy way to spend on travel expenditures.
It also comes with some travel privileges, including car rental insurance and discounted access to Capital One Lounges at select U.S. airports.
Card Details
- There is no yearly fee and no international transaction fee.
- Earn 20,000 miles after spending $500 on purchases within three months of opening your account, which is comparable to $200 in travel.
- Earn 1.25X miles on all purchases, every day.
- Miles will not expire for the duration of the account, and there is no cap on how much you can earn.
- Earn 5X miles when you book hotels and rental cars via Capital One Travel, where you’ll find the best pricing on thousands of travel alternatives.
- You can use your miles to get reimbursed for any travel purchase, or you can redeem them by booking a trip with Capital One Travel.
- Transfer your miles to one of more than 15 travel loyalty programs.
- Enjoy 0% initial APR on purchases and balance transfers for 15 months, followed by 19.99%–29.99% variable APR. 3% fee on transfers made during the first 15 months
Pros and Cons
Pros
- It boasts low spending criteria for the welcome bonus and a reasonable rewards rate for infrequent travelers.
- It has a relatively long introductory APR term for new purchases and balance transfers, giving you plenty of opportunity to pay off new or existing debt.
Cons
- It features a wide range of APRs, with the lowest end being only marginally lower than the typical credit card interest rate.
- If you don’t have outstanding to excellent credit, it can be difficult to qualify, and it doesn’t offer many standout travel incentives when compared to top-tier travel rewards cards.
Amex EveryDay® Credit Card *
If you want a good starting APR rate and spend a lot at US supermarkets, this is the card for you.
Card Details
- After spending $2,000 on qualifying purchases in the first six months of card membership, you will receive 10,000 membership rewards points.
- Earn 2 points for every dollar spent in US supermarkets, up to $6,000 per year (then 1 point).
- When you use your card to book your trip with American Express Travel, you will earn 2 points for every dollar spent.
- Earn 1 point for every qualified dollar spent on any other purchases.
- Membership rewards points can be applied to qualified charges made on your card, such as retail, restaurants, entertainment, and more.
- Use your card 20 times or more in a billing period to earn 20% additional points on those purchases.
Pros and Cons
Pros
- Earn a 20% bonus on all points earned. Earn 2 Membership Rewards points for every dollar spent in US supermarkets, up to $6,000 per year (after 1 point per dollar).
- There is no annual charge.
Cons
- Foreign transaction fee of 2.7%
- Bonus point spending limit at supermarket stores
- To earn a 20% incentive, you must make 20 purchases per month.
Conclusion
If you must carry a monthly balance, credit cards with low ongoing APRs can make the debt more affordable. However, not everyone will be eligible for these types of cards.
If you don’t carry a balance from month to month, the APR on your credit card is meaningless because you won’t be charged interest.
However, life happens, and it is sometimes necessary to carry debt, which can be costly.
According to the Federal Reserve, the average annual percentage rate for cards with accumulated interest was 16.30% as of May 2021.
Frequently Asked Questions
Can I get a 0 APR credit card easily?
You might not be eligible for a 0% APR credit card. Check your credit score first if you want to acquire a 0% APR card.
Can I get a 0 APR credit card easily?
You might not be eligible for a 0% APR credit card. Check your credit score first if you want to acquire a 0% APR card.
What credit do you need for 0% APR?
Cards with 0% APR demand outstanding to excellent credit.
Does 0% APR mean no payments?
The advantage of a card with a 0% initial APR is that you can borrow money for a set period of time — often between 12 and 21 months — without paying interest on your credit card balance.
