Take Advantage of These 6 Credit Cards for a 0% APR

zero interest credit cards

If you have a big purchase planned or are working on paying off credit card debt, wouldn’t it be better to do so without interest? Zero-interest credit cards can make that happen.

When you spend with a zero-interest credit card or transfer an existing credit card balance, you can avoid paying extra on your debt. Your monthly payments go toward lowering your balance instead of interest, allowing you to work toward crossing the debt payoff finish line sooner.

Here’s what you need to know about zero-interest credit cards and how to find the best one for you.

What to look for in zero-interest credit cards

If you want to take advantage of zero-interest credit cards to get out of debt, you’ll need to choose your credit card carefully.

Terms of the introductory 0% APR

The most important feature is the 0% APR. But don’t get too comfortable – credit cards with zero interest usually only offer that 0% APR for a limited time. Usually, it lasts 12 to 18 months after account opening.

The credit card issuer will outline the terms and conditions of the introductory period in the credit card offer.

Fees

Besides interest rates, the right zero percent interest credit card should have low fees.

In particular, watch out for balance transfer fees. These are typically a small percentage of a transferred balance, around three to five percent. However, they can still add to your credit card costs. A card with no annual fee will also help keep costs low.

Additional perks

Several zero-interest credit cards have extra benefits you can take advantage of, such as rewards or cash back. If you’re taking a vacation, for instance, a zero-interest credit card can help you finance and repay it, interest-free. And if it comes with travel rewards, these can help you save even more on your travel expenses.

Top 6 zero-interest credit cards

Here are our favorite picks for credit cards with zero-interest.

1. Barclaycard Arrival Plus World Elite MasterCard

  • 0% APR for the first 12 months on balance transfers only, made within the first 45 days
  • Double miles earned on all new purchases
  • Redeem miles for statement credits against travel purchases
  • Sign-up bonus of 50,000 miles when you spend $3,000 in the first 90 days
  • Five percent miles back upon redemption
  • New purchases will be assessed interest at the normal rate
  • No foreign transaction fees
  • Balance transfer fee of $5 or 3 percent, whichever is greater
  • Annual fee is waived for the first year (then $89 a year)
  • Qualify with excellent credit (typically 700 FICO or higher)
Check Out Barclaycard Arrival Plus World Elite

2. Barclaycard Ring Mastercard

  • 0% APR for the first 15 months on new purchases
  • 0% APR for the first 15 months on balance transfers within the first 45 days of account opening
  • No annual fee
  • No balance transfer fees
  • No foreign transaction fees
  • Requires good to excellent credit (a credit score around 700 or higher)
Sign Up for Barclaycard Ring Mastercard

3. Barclaycard CashForward World Mastercard

  • 0% APR for the first 15 months on balance transfers made within the first 45 days of account opening
  • 0% APR for the first 15 months on new purchases
  • Earns unlimited 1.5 percent cash back rewards on every purchase
  • When you redeem cash rewards, you get a five percent bonus toward your next cash back reward
  • Get a $200 cash back bonus when you spend $1,000 in the first 90 days after account opening
  • No annual fee
  • No foreign transaction fees
  • Balance transfer fee of $5 or three percent of transfer amount, whichever is greater
  • Qualify with excellent credit (typically 700 FICO or higher)
Apply for Barclaycard Cash Forward World

4. Amex Blue Cash Preferred

  • 0% APR on balance transfers and new purchases for the first 12 months
  • Earn six percent cash back at supermarkets (up to $6,000 in purchases)
  • Get three percent cash back at gas stations and select department stores
  • One percent cash back on all other purchases
  • Rewards Dollars can be redeemed for statement credits
  • Annual card fee of $95
  • Balance transfer fee of $5 or three percent, whichever is greater
  • Get this card with excellent credit, typically a score of 700 or higher
Review the Amex Blue Cash Preferred Card

5. Chase Slate

  • 0% APR on balance transfers and new purchases for the first 15 months
  • Balance transfer fee waived during the first 60 days after account opening (then $5 or five percent of transfer amount, whichever is greater)
  • No annual fee
  • Chase Slate members get a free monthly FICO score
  • No penalty APRs on late payments
  • Qualify for Chase Slate with average credit (FICO score in the mid-600s) or better
Check Out Chase Slate Today

6. Chase Freedom Unlimited

  • 0% APR on balance transfers and new purchases for the first 15 months
  • Earn unlimited 1.5 percent cash back on all purchases
  • Redeem cash rewards at any time, with no minimums
  • Get a $150 bonus when you spend $500 on new purchases in the first three months after account opening
  • No annual credit card fee
  • Balance transfer fee of $5 or five percent of transfer amount, whichever is greater
  • Get this card with and excellent FICO score, around 700 or higher
Apply for Chase Freedom Unlimited Here

Things to keep in mind with a 0% credit card

Most zero-interest credit cards will require at least fair or average credit (in the mid-600s for FICO or higher) to qualify. If your credit score is lower, you might want to spend a few months improving your credit before applying.

You also need to be disciplined with your spending and credit card management. Otherwise, you could transfer a credit card balance or get a 0% APR then continue to rack up more charges rather than pay off debt. And if you can’t repay your balance before the introductory 0% interest rate ends, you will face interest charges.

Lastly, make sure you’re comparing the potential interest savings of a 0% APR interest rate with other costs. After factoring in a balance transfer fee and annual credit card fee, the savings might be less than you’re counting on.

Getting a zero percent interest credit card can give you a significant edge in the fight against credit card debt. Just take the time to read your credit card agreement, understand your new credit card’s terms, and figure out how to avoid potential credit card costs.

Once your have your zero-interest credit card, keep your eyes set on the goal of paying off the balance.

Interested in a personal loan?

Here are the top personal loan lenders of 2018!
LenderRates (APR)Loan Amount 
1 Includes AutoPay discount. Important Disclosures for SoFi.

2 Important Disclosures for Citizens Bank.

SoFi Disclosures

  1. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Finance Lender Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
  2. Personal Loans: Fixed rates from 5.49% APR to 14.24% APR (with AutoPay). Variable rates from 5.29% APR to 11.44% APR (with AutoPay). SoFi rate ranges are current as of December 1, 2017 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 5.29% APR assumes current 1-month LIBOR rate of 1.34% plus 4.20% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

Citizens Bank Disclosures

  1. Personal Loan Rate Disclosure: Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2017, the one-month LIBOR rate is 1.23%. Variable interest rates range from 6.02% – 15.97% (6.02% – 15.97% APR) and will fluctuate over the term of your loan with changes in the LIBOR rate, and will vary based on applicable terms and presence of a co-applicant. Fixed interest rates range from 5.99% – 16.24% (5.99% – 16.24% APR) based on applicable terms and presence of a co-applicant. Lowest rates shown are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with Citizens Bank at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, Citizens Bank checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Benefit: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
7.39% - 29.99%$1,000 - $50,000Visit Upstart
5.29% - 14.24%1$5,000 - $100,000Visit SoFi
8.00% - 25.00%$5,000 - $35,000Visit Payoff
5.99% - 16.24%2$5,000 - $50,000Visit Citizens
5.99% - 35.89%$1,000 - $40,000Visit LendingClub
5.25% - 14.24%$2,000 - $50,000Visit Earnest
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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.