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Best No Interest & 0% Apr Credit Cards [24 Months]

Michelle Brooks

Michelle Brooks

Financial Advisor

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Best Zero Interest Credit Cards: Overview

Credit Card Ideal For Editor’s Rating
Our Top Pick for 2020
Capital One® SavorOne® Cash Rewards Credit Card
Cash Back Rewards and Perks
Wells Fargo Cash Wise Visa® Credit Card
Cash Back

Capital One® SavorOne® Cash Rewards Credit Card

Editor’s Rating

Credit Score Required:

Good to Excellent

Our Review

In addition to offering a 15 month 0% APR period, the Capital One® SavorOne® Cash Rewards Credit Card is designed especially to help people on food and grocery purchases. As a result, you’ll get 3% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% cash back on all other purchases.

What We Like

$150 welcome bonus when you spend $500 in the first three months of membership

No annual fees or Foreign Transaction Fees

Easier to qualify for than many competitive cards

Complementary concierge, roadside assistance, car rental insurance, and more

Wells Fargo Cash Wise Visa® Credit Card

Editor’s Rating

Credit Score Required:

Good to Excellent

Our Review

Wells Fargo has long been one of the most trusted names in banking, and with offerings like the Wells Fargo Cash Wise Visa® Credit Card, it’s not hard to see why. This card will give you an introductory APR of 0% for the first 15 months of membership. You’ll also get 1.5% cashback or 1.8% cashback on purchases made with Apple Pay or Google Pay.

What We Like

1.5% Cashback for each dollar spent

No annual fee

Up to $600 in cell phone insurance if you pay your bill with your card

Opening a credit card can be one of the most exciting and rewarding experiences in someone’s life. There is a unique thrill that comes with the idea of using a piece of plastic with a limit of thousands of dollars to shop. This intrigue and fascination, coupled with the rising need for instant gratification, has lead people to purchasing more than they could bargain for. In other words, more and more people are utilizing credit cards, spending their entire limits, and then facing the repercussions of higher interest rates and fees. IF you did not know, people will end up paying MORE in interest rates than the credit card payments itself.

With that being said, if you have fallen into this trap before, or before you begin the plunge, perhaps it’s time to consider different credit card alternatives and options. In the credit industry, there are multiple credit cards types for individuals with varying degrees of credit scores. Today, we are going to explore one specific option that presents unique advantages for consumers: Zero Interest Credit Cards, or 0% APR Credit Cards. We will explore the advantages, disadvantages, and our Six-Step Method to selecting the best zero interest credit card.

What are 0% APR Credit Cards?

If you are not familiar with credit terminology and concepts, you might not be aware of what 0% APR credit cards are. A Zero Interest Credit Card is simply a credit card that offers 0% interest for a specific amount of time. For most credit card companies, a Zero Interest Card will have a 0% APR for 21 months. Now, this is vital to remember because many consumers tend to believe that a zero-interest credit card means zero interest for the entire life-span; however, this is not true. Zero Interest Credit Cards may prove to be beneficial for individuals that need to pay off a loan or balance while minimizing and reducing interest charges and fees. 0% APR Credit Cards are also a great idea or tactic for individuals seeking to make large purchases or consolidating other debt.

 

What does 0% APR mean?

So, you might be wondering how does 0% APR work and what does it really mean? Well, as we stated before, these credit cards offer something known as 0% introduction APR, or annual percentage rate. This simply means that zero-interest credit card holders cannot accrue any interest on purchases or balance transfers. Let’s provide you with a small example. Consider having a credit card with a balance of $3,000. If we look at the average APR in the United States, you may have an APR of 17% – it would take you over 10 years to pay off the credit by simply paying the minimum payment because of interest charges. We are talking about well over $2,000 alone in interest charges! With a zero-interest credit card, you will have a select amount of time to pay back the balance of the card before interest kicks in. Now, this is where we must explore go-to annual percentage rates.

 

What is does go-to APR mean?

By now, you should have better understanding of what zero interest credit cards, or 0% APR credit cards are. In light of this, you also might be wondering: what happens at the end of the 21 months, or the designated time set by the lender? Well, this is what is known as the Go-To APR. This concept simply designates the transition between 0% APR and your new APR. Given the national average in the United States, consumers can expect their Go-To Annual Percentage Rate to jump from 0% to well above 16%, depending on the company. In some extreme companies, and depending on your credit score, you might be anticipating an APR of well over 22%. Considering an APR at this percentile, can you imagine how long it will take you to pay back your balance? Zero Interest Cards may be beneficial; however, it’s essential to pay back the balance before the go-to APR kicks in. This is the best way to avoid any interest charges and fees.

Zero Interest and 0% Apr Credit Cards

Pros and Cons of Zero Interest Credit Cards

Given the information we have provided thus far, you might be wondering, what are the advantages and disadvantages of a zero-interest credit card. Before you are quick to jump on the idea of 0% APR, we highly suggest you consider both the PROS and the CONS.

PROS

  • Zero-Interest Credit Cards are great for individuals that need to make a balance transfer.
  • 0% APR Cards are great for consolidation purposes.
  • May be a great choice for individuals seeking to use credit as an emergency fund.

CONS

  • If consumer does not pay the entire balance of the credit card, the interest rate may spike well beyond the national average, preventing the individual from paying off the balance.
  • Some credit card companies will sneak high transfer fees and other charges worth noting in the fine print.

The Role of Interest Rates

When you are planning on opening up a credit line, you should always consider the role of interest rates. We have briefly covered the importance of them and how they may impacted your payment schedule; however, it’s important to be aware of the average interest rates in the United States to know whether you are being offer a good deal or poor deal. Typically, the average interest rate is going around 16%. This may be fairly difficult to receive, unless you have better than average credit. For those with poor credit, you can expect an interest rate around 23%+, all of which will impact your payment schedule. Take a look at the best credit cards for poor credit. Keep in mind, these rates are variable so, by the time the go-to APR kicks in, the interest rate may be higher than when you initially signed up.

 

Seven Steps to Selecting the Best Zero Interest Credit Card

If you are truly considering a zero-interest credit card for your next line of credit, we have developed a Seven-Step Plan and Strategy to help select the best zero interest credit card. Our strategy is unique in that it centers not only on credit card companies, but also the credit card holder.

1. Habits

Before you are quick to opening any credit card, it’s important to really understand the functionality of zero-interest cards. These credit cards are gravely different and, if utilized incorrectly, could leave you in further debt. So, take the time to develop great budgeting and paying-back habits. In our opinion, create an intentional use for a zero-interest credit card – rather than simply quickly charging and satisfying any instant gratifications. This is the best way that you can ensure that you don’t incur any interest charges. Many people that are in debt today are because of their lack of proper financial habits and knowledge. What will you choose to do with this knowledge?

2. Budget

Following up with the idea of creating new habits, it’s essential to create a financial game plan, also known as a budget. If you look at anyone who has ever become successful financially, they have done so through proper financial budgeting – the same is true for zero-interest credit cards. Take the time to figure out how much you make each month, how much you can a lot to specific bills, including a new zero-interest card. This will be an effective tool during the comparison and research process. If you do not make enough to open a credit card with $5,000 limit, don’t do it! Stick with what you can financially handle – that’s the smartest choice. If you are offered a limit at that amount, be wise enough to know that it’s beyond your limit and not a great zero-interest card for you.

3. Comparison of APRs and Go-Tos

Once you have worked on your habits and discovered your budget for a credit line, you can then begin to consider the different APRS and Go-To APRs that best suit your lifestyle and needs. In the credit industry, you will find zero-interest credit cards ranging from 6 months and up-to 21 months. On top of this, you will find specific cards dedicated towards specific needs, like balance transfer, and even purchase-based credit cards. So, be sure to do proper research on zero-interest credit cards and what options match your needs.

4. Benefits

In our opinion, one of the first things to always look at, after the important details have been covered, are the benefits and features of the credit card and company. Given the advancement in technology, credit card companies should be offering you some sort of reward for using their credit card, including travel rewards, grocery points, or even cash back. Read: What is the best credit card for rewards?  Whatever the benefits may be, you should research them thoroughly and understand how they function. You never want to sign up for a credit card without understanding their benefits; otherwise, you might end up regretting your signature down the line.

5. Annual Fees

In our opinion, annual fees may be considered a deal breaker, especially if you are only planning on using a zero-interest card for the period of free interest. With that being said, take the time to look at what the annual fee may be for different credit cards. Now, we did say “may be a deal breaker”. Reason being, sometimes, credit card companies will offer enough perks and rewards where they offset the annual fee. This is why it’s so incredibly important to look at the entire credit card, all of its features, and benefits. Keep in mind, if you are only planning on using the card for temporary purposes, an annual fee should mean nothing.

6. Transfer Fees

If you noticed above, we discussed that one of the major disadvantages of a zero-interest credit card is potential high transfer fees. During the decision process, it’s imperative to look at what transfer fees and charges that credit card companies have nestled in the fine print. You might find charges as low as $5 or as high as 5% of your transfer balance. If you are clever though, you may be able to secure a special opportunity and get these fees waved. This is essential to look out for, otherwise, you may be paying more out of pocket than you think.

7. Customer Reviews

The last step of our selection process is to take the time to see what previous credit card holders have said about the company. In the digital age, this is one of the best ways that anyone can learn about a business. There are dozens of different dedicated credit-review websites of professionals, financial gurus, and every-day credit holders who share their experience and feedback regarding a company and their credit card experience. Keep in mind, some of the information may be biased; however, if you carefully scan through enough credit card reviews, you can construct a well-mannered perspective as to the best zero-interest credit card for you.

Verdict

Zero interest credit cards are a viable option and credit card type that can prove to be effective for some people. However, without being properly educated or aware how these credit cards operate, it can prove to be counter effective, leaving credit holders in deeper and further debt. At the end of the day, zero interest cards are a great option or individuals that can handle the financial responsible of a credit card and paying off balances in due time. Opening up a credit card of this style takes a bit of responsibility and honesty. To better help you out, we have created a few questions to help you make the verdict as to whether or not you should consider zero interest credit cards:

Can you handle paying off balances in a dedicated time?

Have you established a budget where you can pay monthly installments on that credit card?

What is your intention for this zero-interest credit card?

What is your emergency plan if you can’t pay a monthly balance?

What is your experience with credit cards and are you fully prepared for the benefits and consequences?

FAQ

General Zero Interest Credit Card Questions

This section will help you understand the basics about how zero-interest credit cards work.

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How do zero percent credit cards work?

Zero percent credit cards work by offering an introductory APR of 0%. This APR will go up to a normal interest rate after a certain number of months, depending on the card.

What is a zero percent credit card?

A zero percent credit card is one that doesn’t charge interest on your purchases during an introductory period. After that period is over, it will charge interest normally. Sometimes when you prequalify for credit cards you will receive offers like this.

What does zero APR credit card mean?

A zero APR credit card means that the card doesn’t charge you interest on your balance for a certain number of months. If you have a balance at the end of this period, then you may face deferred interest on all of your previous purchases.

What does zero minimum payment mean on credit card?

Zero minimum payment means that you don’t have a set minimum payment each month. However, this feature is only offered as a limited time perk to get people to sign up for a card.

What does zero percent mean for credit card?

Zero percent for credit cards means that the card has an offer and intro period where you’ll only owe the credit card company for the purchases you make and won’t have any interest charges added to your bill.

On a zero percent interest credit cards, what is the limit?

That depends on lots of different factors. Different zero interest cards have different limits based on your credit history and other information.

How do zero interest financing credit cards work?

Zero interest financing credit cards work by offering deferred interest on purchases. If you pay your balance in full by the end of the zero interest financing period, then you won’t have any interest charges. However, if you have any balance left, then all the interest from the deferred interest period will be added to your account.

What happened to zero percent credit cards?

Nothing has happened to zero-percent credit cards. They’re still around and still work the same way they always have, the zero percent rate is an introductory offer to entice people to sign up for the card.

How to always use 0% APR credit cards?

The only way you can always use 0% APR cards is to constantly apply for new credit cards are your introductory period is ending. This may or may not be the best option for your financial situation, so be sure to check with a qualified financial advisor.

Why do credit card companies offer 0 %?

Credit card companies offer 0% because it gets people to sign up for their products. Then, they can make money on fees and interest after the 0% period ends. However we review some of the best airline rewards credit card offers that have no fees for example.

What is the largest 0% credit card balance?

This depends on your own specific credit situation, but the Chase Freedom Unlimited offers up to $24,000 with a 0% APR for 15 months.

What is the difference between 0% and none in credit card fees?

0% describes the interest rate, which is the amount of money you’re charged for carrying a balance on the card. None refers to fees, which are fixed-price charges associated with having an account.

How to know if my credit card is 0% interest for a year?

You can find out if your credit card is 0% interest for a year by reviewing your credit card agreement. It will list out your interest rate and indicate when any introductory period ends.

What is a 0% purchase credit card?

A 0% purchase credit card is one that offers 0% interest on purchases you make on the card for a certain period of time. You’ll still get interest charges on cash advances and balance transfers.

What you should know about 0 APR credit cards?

When it comes to 0 APR credit cards you should know that if you fail to pay off the whole balance on the card when the 0 APR period ends then you’ll face deferred interest charges as if you never had the 0 APR period in the first place.

What does 0 intro APR credit cards mean?

A 0 intro APR credit card has a special period for a certain number of months where you don’t get charged interest rates. However, the interest from this period is deferred, so if you have any balance remaining at the end of the period, then you’ll get hit with deferred interest charges from the intro period.

Understanding How Zero-Interest Periods Work

We’ll help you understand who the zero-interest period on credit cards function in this section.

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How to avoid paying interest on zero interest credit card?

The best way to avoid paying interest on a zero interest credit card is to ensure that your balance is paid in full when the 0 interest period ends. That will prevent you from paying deferred interest charges.

What happens if you don’t pay off zero percent credit card?

If you don’t pay off a zero percent credit card then you’ll get hit with deferred interest charges from the whole period of zero interest, as if you never had a zero interest period at all.

What happens if you don’t pay off a credit card when the zero percent grace period ends?

For most credit cards, this causes deferred interest to kick in. That means the credit card company retroactively applies interest charges to all of your purchases from the grace period.

Why shouldn't I max out a credit card that is zero percent interest?

You shouldn’t max out a credit card that is zero percent interest for a couple of reasons. First, maxing out your card will tank your credit score no matter what the interest is. Also, if you don’t pay off the balance before the zero interest period ends, then you’ll get deferred interest charges which will push you over your credit limit. If you’re just trying to build your credit and you’re worried about maxing out your card then you can always opt for a credit card rebuild credit option instead.

Why does it say I owe a certain amount on a credit card despite having zero percent interest?

The amount you owe on a credit card despite having zero percent interest represents the balance from your purchases. It could also represent fees associated with the specific credit card you’re using.

How many zero interest credit cards can I open?

There’s no legal limit on the number of zero interest credit cards you can open. However, you should be careful not to open more credit cards than you can be sure you can pay off. These can be the best first time credit cards for a lot of people.

What does zero APR for 12 months mean on credit cards?

For credit cards, zero APR for 12 months means that you’ll only be responsible for paying for your purchases, those purchases won’t have any interest charges. However, after 12 months you’ll get deferred interest if you are still carrying a balance.

How to figure out when your 0% interest credit card will start accruing interest?

The best way to figure out when your 0% interest credit card will start accruing interest is to call your credit card company and ask them when the intro APR period ends.

What are the pitfalls of 0% or low interest rate offers on new credit cards?

The pitfalls of 0% are that you can get hit with deferred interest charges when the intro period ends. This only happens if you still have a balance on the card. However, any balance means that all the interest you would have been charged on all purchases is added to your bill. Be sure to look at low interest rate credit cards as well.

How to take advantage of 0% APR credit cards multiple times?

The best way to take advantage of 0% APR credit cards multiple times are to use them to transfer balances from old cards and pay them off. That lets you lower your debt and boost your credit score.

How to maximize 0% APR credit cards?

You can maximize a 0% APR credit card by paying off the balance in full as soon as possible. That means you won’t be hit with deferred interest charges, so you’ll get the greatest benefit from the card.

What is a 0% introductory rate credit card?

A 0% introductory rate credit card is a card that doesn’t charge you interest on purchases and/or balance transfers during the introductory period. That means you can use the card to quickly pay down balances or large purchases without getting any interest charges.

What happens when your 0% ends on your credit card and you still have a balance?

If you still have a balance when your 0% ends on your credit card, then you’ll get deferred interest charges. This usually means that you’ll get charged all the interest on your past purchases, even ones you’ve paid off already.

What 0% APR credit cards have deferred interest?

Nearly every 0% APR credit card has deferred interest. The deferred interest will be applied if you still have a balance at the end of the 0% period or if you’re late making a payment.

If you have 0 APR on a credit card do you pay exactly what you borrow?

Yes, you aren’t charged interest during the 0 APR period. Your minimum payment might be less than the total amount that you borrow, but the credit card company won’t add any extra interest charges for loaning you the money for your purchases.

How does 0% APR on credit card purchases work?

0% APR on credit card purchases work by allowing you a certain amount of time to pay off the purchases without any interest charges. However, if you still have a balance of if you miss a payment, then your purchases will be retroactively charged interest normally.

Zero Interest Credit Card Offers

We’ll answer your questions about zero-interest credit card offers in this section.

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What is the best zero percent credit card?

That depends on what you’re looking for from a zero percent credit card. The Chase Slate card is best for no balance transfer fees, while the Citi Simplicity card is the best option for a longer promotional period. You’ll get the best grocery rewards from the BlueCash Everyday by American Express, and the best travel rewards from the Capital One VentureOne card.

What credit cards are offering zero interest?

Lots of credit cards offer zero interest periods. We like the Chase Slate, Capital One VentureOne, BlueCash Everyday by American Express, and the Citi Simplicity cards.

Which credit card has a zero APR for purchases?

Many credit cards have zero APR for purchases. Check out the U.S. Bank Visa Platinum card, the HSBC Gold Mastercard, and the Capital One Quicksilver Cash Rewards credit card.  It can sometimes be difficult to qualify for these if you don’t have much credit history. For example if you’re in college and just starting your credit history then you may want to look into student credit cards with no credit required..

What is the best rated zero interest credit card?

The best rated zero interest card changes based on what you want from your card. If you want to transfer a balance, then the Slate by Chase is best. The Capital One VentureOne is best for travel rewards, and Citi Simplicity offers the longest promotional period.

What best zero interest credit card to use out of country?

The Chase Sapphire Preferred card is the best zero interest card to use out of country. There’s no foreign transaction fees and you’ll get great rewards for hotels and airlines. Also look at a travel insurance credit card if you’re going to be traveling much.

Who has the best zero % interest credit card for 2019?

The best 0% interest credit cards for 2020 are different based on what you want from a card. Chase Sapphire preferred is great for travel, while the Citi Simplicity card has the longest zero-interest introductory period.

How to choose a 0% APR credit card?

You should choose a 0% APR card based on what you want to use it for. If you’re using it for a large purchase, then the card with the longest 0% period is your best bet. If you want a card for every-day use, then pick the one with the best rewards.

What is the best credit card for me to have with 0% interest and no annual fee?

The best zero interest and no annual fee card for many people is the Chase Sapphire preferred. You don’t get any fees for foreign transactions and you can get lots of great travel rewards. Also take a look at the best travel rewards credit card no annual fee.

Which credit cards are offering an APR of 0% until 2020?

The Capital One Quicksilver Cash Rewards credit card, Wells Fargo Platinum Visa card, and the Bank of America Cash Rewards credit card all offer 0% APR until 2020. Take a look at more of the best credit cards 2020 has to offer.

What credit cards have 0% interest for 21 months?

The Wells Fargo Platinum Visa, Capital One VentureOne, and the Chase Freedom Unlimited all offer 0% interest for 21 months. Also compare the best bonus credit cards.

What banks offer 0% credit cards?

Many banks offer 0% interest credit cards. Some of the most popular are Chase, Capital One, Bank of America, and Wells Fargo.

Which cards give high credit limit and 0% interest?

The Chase Sapphire Preferred can have a credit limit up to $24,000 and has 0% interest. The Capital One VentureOne can have a credit limit as high as $30,000.

Getting a Zero Interest Credit Card

This section answers your questions about how to get a zero interest credit card.

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Which credit company does a zero-interest credit card check?

That depends on which bank the card is coming from. Also, most banks check different credit companies randomly, so you’ll never be sure which credit reporting agency they’ll use. Remember, there are also secured credit card no credit check options.

How to find a zero percent credit card?

You can find a zero-percent credit card by asking for pre-qualified offers from credit card companies. The companies will review your credit history and send you offers, look for 0% APR offers. If you can’t qualify then look at a bad credit credit card.

Who can I apply with for a credit card with zero credit?

Capital One is one of the best options for a zero interest credit card. They offer the Quicksilver Cash Back Rewards and VentureOne card, and you have a better shot at getting these cards with no credit than many other credit card offers. In other words you don’t have to wait to apply for credit card offers until you have good credit.

How to get 0% APR on credit cards?

The best way to get 0% APR on credit cards is to sign up for a new credit card that offers a 0% APR intro period. There aren’t any credit cards that have 0% as their regular APR. Make sure you have good enough credit to qualify. If you don’t have any credit at all then use credit cards to build credit with no credit.

How can I get a 0% credit card for 15 months?

The Chase Freedom Unlimited will give you 0% interest for 15 months, and the Discover it Cash Back offers 0% for 14 months. You can also get 18 months of 0% interest from the HSBC Gold Mastercard.

Zero Interest Credit Cards and Credit Scores

This section will explain how zero-interest credit cards will affect your credit score.

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How does a zero-interest credit card help credit?

A zero-interest credit card can help your credit by allowing you to quickly pay off existing credit card balances. That lowers your credit utilization, boosting your score. Also, the additional credit you get from the new card will help lower your utilization as well. Learn more about how to get a credit card with no credit history.

What credit score do you need for zero percent credit card?

That depends on what kind of zero percent credit card you want. Most 0% cards require a credit score of at least 690, but the DCU Visa Platinum Secured card will approve someone with a credit score of 350-850. Check out low interest credit cards for fair credit too.

How does the zero percent card game affects your credit?

That all depends on how you use it. If you use the card to pay off existing credit card debt without paying interest, then it will cause your score to go up. However, if you put purchases on the card and fail to pay them off, then it will lower your score.

How does a zero-credit card affect my score?

The way any credit card affects your credit score all depends on how it’s used. As long as you work to keep your balance paid in full or minimal, then your credit score will see a boost.

Why does paying off my credit cards to zero hurt my credit score?

Paying off your credit cards to zero shouldn’t hurt your score. However, if you closed the account, then your score will see a huge hit, as you’ll lower your available credit and the average age of your accounts. 

Paying Zero Interest Credit Cards

Lots of people have questions about how payments work with a zero-interest credit card. We’ll answer those questions here.

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What are the typical minimum payments due on a zero-interest credit card?

Typically, the minimum payment on a credit card will be 1% of the balance, plus any interest or fees. Since the card doesn’t have any interest, you should expect 1% to be the minimum required payment.

How are minimum payments calculated on zero interest credit cards?

Minimum payments on zero interest credit cards are calculated differently by different companies. For example, most companies charge 1% of the balance on the card, but Discover card charges a 2% minimum payment.

Why is there a minimum payment on zero percent credit cards?

There is a minimum payment on zero percent credit cards because you still need to pay back the money you borrowed from the credit card company. Moreover, you need to make on time payments of at least the minimum amount in order to maintain your 0 interest period.

How to calculate minimum payment credit card on zero interest?

The way to calculate the minimum payment for your zero interest credit card changes depending on your particular credit card company. Your agreement will outline how the payment is calculated, so check there first.

How do they calculate minimum payments on credit cards when there is zero interest?

Credit card companies calculate minimum payments on credit cards differently from each other. Most charge 1% of the overall balance, but others might charge more or less of that.

How much is average credit card minimum payment on zero interest?

That depends on how much of a balance in on the card when the payment is due. The average zero interest credit card minimum payment will be about 1% of the total balance on the card.

How long to pay off credit card with zero interest?

The amount of time you have to pay off a credit card with zero interest depends on the card. Different cards offer different introductory periods of zero interest. Check with your credit card agreement for more information.

What is the minimum payment on a zero APR credit card?

For most companies, the minimum payment on a zero APR credit card is going to be 1% of the total balance you owe. However, each company calculates their minimum payments differently.

What will happen if I don’t pay my fee in 0% APR credit card?

If you don’t pay your fee on a 0% APR credit card then you’ll lose the 0% APR perk. Interest will be retroactively charged to all the purchases you made on the card.  Make sure you also have a credit card with no foreign transaction fee.

What happens if I pay minimum due on credit card 0% APR?

Depending on the balance, you face the risk of not paying the entire balance in full before the 0% period ends. That means you’ll get hit with deferred interest charges on all the purchases you’ve previously made with the card.

Specific Zero Interest Credit Cards

This section answers your questions about specific zero-interest credit cards.

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How to earn zero interest on Quicksilver Capital One credit card?

The Capital One Quicksilver card will usually come with zero interest for 15 months when you’re approved for the card. You’ll need to have a good credit score to qualify for approval.

What is the minimum purchase to get 0% promotion on Home Depot credit card?

You’ll need to make a single-receipt purchase of $1,000 or more to qualify for the 0% promotion on the Home Depot credit card. Compare the easiest dept store credit cards to get.

How long is 0% APR for Discover credit card?

Most Discover credit cards that offer 0% APR do so for 14 months. However, the Student Cash Back and Student Chrome cards only offer 6 months of 0% APR. Finally, the Discover it Business card offers 12 months of 0% APR.

Where in my Bank of America credit card statement I can find when my 0% offer expired?

This information may not be listed on your statement. You’ll need to call Bank of America for more information about when and why your 0% offer expired.

How much do you have to spend to get 0% financing using your Walmart credit card?

Walmart isn’t currently offering any 0% interest offers company-wide. There may be store-specific offers for 0% or deferred interest, but you’ll need to talk to a sales representative or manager at the specific store to get more information.

Zero Interest Balance Transfer Questions

A Balance Transfer is one of the most popular ways to use a zero-interest credit card. This section covers your questions about balance transfers and zero-interest cards.

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What is the best way to pay off 2 credit cards when one is zero interest?

The best way to pay off 2 credit cards when one is zero interest is to transfer all of your balance to the zero interest card and then do your best to pay off the whole balance before the 0% interest period ends.

How does zero percent interest for credit card transfer work?

0% interest for credit card transfers works by letting you move existing balances to a 0% interest card. You can then focus on paying down the balance without accumulating interest charges. If you pay off the balance before the 0% period ends, then you won’t have any additional interest charges on your transfer.

How to find a credit card with zero transfer interest for 12 months?

You should look for specific balance transfer credit cards. The Discover it Balance Transfer, Bank Americard, and U.S. Bank Visa Platinum are all good options for 0% interest on balance transfers.

If I move money from a 23 percent card to a zero percent card, what will it do to my credit?

This move shouldn’t affect your credit directly, as you’ll still be using the same amount of your total available credit. However, if you make payments on your zero-percent card, then it could lower your credit utilization more quickly to boost your credit score.

How to get a credit card with zero interest to pay off another card?

Your best option is to look for credit cards that are marketed as being for balance transfers. Some of the best options include the Citi Simplicity Card, the Wells Fargo Platinum Visa, and the Capital One SavorOne Cash Rewards card.

Why transfer balances to zero interest credit card?

You transfer balances to zero interest credit cards so you can pay the balance down faster. All of your payment will go to principal, so you’ll pay off more of your balance if it’s on the zero-interest card.

How to consolidate credit card debt into one payment with zero APR?

The best way to consolidate credit card debt into one payment with zero APR is to use a balance transfer credit card. Options like the Chase Freedom Unlimited, the Citi Simplicity card, and the Capital One Quicksilver card will all offer 0 APR on balance transfers for at least 15 months.

Which credit card gives the most 0% balance transfers?

All credit cards allow the same amount of 0% balance transfers – unlimited. The only thing that limits how many balance transfers you can make is the credit line available on the card and the balances you’re transferring. Check out more 0 balance transfer credit cards.

What is the limit to transfer balances to an Aliant credit card zero interest?

The only limit on transferring balances is to an Aliant credit card with zero interest is your credit line. You can’t transfer for of a balance than you have available credit.

What are the best credit cards which offer 0% interest with transfer?

That all depends on what you want from your balance transfer card. The Capital One Quicksilver card is a good choice if you want Cash Back rewards, while the Citi Simplicity card offers some of the longest 0% interest periods.

What is 0% interest balance transfer credit cards?

A 0% interest balance transfer credit card is a credit card that’s designed to consolidate your credit card debt into one place and pay it off without accumulating interest charges.

When is it worth it to do a 0% credit card transfer?

It’s worth it to do a 0% credit card transfer when you can pay off the entire balance before the introductory period for the 0% interest ends. That will let you pay off your debt faster and cheaper.

How pay off one credit card with another that offers 0% interest?

You can use a balance transfer to pay off one credit card with another that offers 0% interest. This will move your balance to the 0% interest card, making it cheaper and faster to pay it off.

How to transfer a PayPal balance to a 0% credit card?

You can add the credit card as a payment method to your PayPal account. Then, use your credit card to pay off your PayPal balance and it will be transferred.

Which credit cards offer a 0% transfer rate?

Lots of cards offer a 0% transfer rate. Check out the U.S. Bank Visa Platinum, the Citi Simplicity card, the Chase Slate card, and the Capital One Quicksilver card.

What is the longest 0% interest on balance transfer credit card?

As of this writing the longest offer for 0% interest on a balance transfer card is the Citi Simplicity card which offers 0% for 21 months on balance transfers.

How to transfer 3 credit card balances to 1 card with 0% financing?

You just need a balance transfer card that has enough available balance to cover the balances you want to transfer. As long as that’s true, you just need to contact your credit card servicer with the information on the accounts you want to transfer.

Other Zero Interest Credit Card Questions

There are tons of questions about zero interest credit cards. This section covers the questions that don’t fit into our other categories.

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Who has zero % credit card cash advance?

No one has a 0% interest on cash advances, however there are cards that don’t charge an additional fee for cash advances. The PenFed Platinum Rewards card, PenFed Promise Visa, First Tech Odyssey Rewards World Elite Mastercard, and the Platinum Plus Mastercard from the ISU CU are all options.

How to get zero interest on an existing credit card?

You’re probably not going to be able to get zero interest on an existing credit card. Companies only offer 0% interest as an introductory offer to get people to sign up for a new card.

How to invest with zero interest credit cards?

While it’s risky, in theory you can use the 0% credit card to make investments, sell those investments at a profit, and use the principal from the investment to repay the balance on the credit card.

What to do with a 0% APR credit card after the high interest kicks in?

The best thing to do with a 0% APR card after the high interest kicks in is to make sure you always pay the whole balance in full each month. That will prevent you from having to pay interest charges.

When 0% interest credit card ends should I get another one?

That depends on your specific credit and financial situation. You should talk to a qualified financial advisor about the best options for you.

Is paying a bill considered a purchase when opening a 0% credit card?

That depends on the policy of your specific credit card company. You should call them or review your credit card agreement to find the answer to your question.

How to negotiate a used car price with 0% credit card?

The best way to negotiate a used car price with a 0% credit card is to point out to the dealership that they don’t have to deal with financing or any payment hassles as a way to get them to lower the price.

How to ask credit card extend 0% APR?

Most credit card companies will be reluctant to extend the 0% APR answer. However, you can call and explain to them why it’s in their best interest to extend your 0% APR to try and get them to extend the offer.

What is usually max limit on 0% credit card offers?

There’s no standard max limit on a 0% credit card offer. For example, the Capital One Quicksilver usually has a limit of about $4,000, but the Chase Sapphire Premier can have a limit up to $23,000. It all depends on your unique credit score and financial situation.

How does a 0% interest credit card determine monthly payment?

Each company determines the payment on their own policies for 0% interest cards. Most companies charge 1% of the outstanding balance, but some, like Discover, charge 2%.

Should you cancel a credit card when the 0% APR is up?

Probably not – canceling the card will lower your available credit and age of credit history, which will lower your score. The better option is to just make sure you can fully pay your bill each month to avoid interest charges.

What is a better deal credit cards with 0% or small interest rate for longer time?

That depends on your goal for the card. If you want a card for every-day use, then the small interest rate for a longer time is best. However, if you’re looking to make a big purchase and pay it off, then the 0% interest card is the best option.

What to do after your 0% credit card ends?

The best thing to do is make sure that you never spend more on the card than you can pay off in full at the end of the month. That will prevent you from accruing interest charges.

How to get my credit card to provide 0% intro rate again?

You’re probably not going to be able to get your credit card company to offer you a 0% rate again. These rates are promotional and credit card companies can’t offer them all of the time. You can try applying for a new card with 0% interest, but that may or may not be a good idea depending on your specific situation.

How to get 0 interest on existing credit card?

It’s not very likely that you can get 0 interest on an existing card. Your best option might be convincing the company to extend a 0 interest for a limited time offer to you to prevent you from moving to another competing company.

Michelle Brooks

Michelle Brooks

Financial Advisor - Personalloan.co

Michelle is part of our expert team of financial advisors with a proven track record in the credit card industry. After graduating with an Economics Degree focusing on Personal Finance, she got involved with several credit and debt counseling startups.