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Home Business News

Best 0% APR Credit Cards of January 2023

admin by admin
January 4, 2023
in Business News


Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page.

A credit card offering 0% introductory APR can help you save money when you need to carry a balance.

Let’s say you have a $1,000 balance on a card with a 16.99% APR that you want to pay off in equal monthly payments. Transferring that balance to a card with 0% APR for 15 months and paying it off within the time frame could save you $111 in interest — and when you take into account a 3% balance transfer fee of $33, you still save $78 overall.

Insider reviewed dozens of credit cards with introductory 0% APR offers to come up with 12 best-in-class products. We considered factors like annual fees, intro periods, and rewards to help find the right card for you.

Find the right 0% intro APR credit card for you

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Long 0% intro APR credit card offer

0% intro APR on balance transfers for 21 months (transfers must be completed within 4 months of account opening) and on purchases for 12 months

Regular Annual Percentage Rate (APR)

17.24% – 27.99% Variable

Maximum cash back, if you work for it

0% intro APR on purchases and balance transfers for the first 15 months

Regular Annual Percentage Rate (APR)

18.74% – 27.49% Variable

0% intro APR for 18 months on balance transfers made within 4 months of account opening

Regular Annual Percentage Rate (APR)

18.24% – 28.24% Variable

Best intro APR card if your spending changes month to month

0% intro APR on balance transfers and purchases for 15 months

Regular Annual Percentage Rate (APR)

18.24% – 28.24% Variable

Best Chase intro APR credit card

0% intro APR on purchases and balance transfers for the first 15 months

Regular Annual Percentage Rate (APR)

18.74% – 27.49% Variable

Bonus cash back on hotels and rental cars booked through Capital One Travel

0% intro APR on purchases and balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months)

Regular Annual Percentage Rate (APR)

19.24% – 29.24% Variable

Rotating cash-back categories

0% intro APR for 15 months on purchases and balance transfers

Regular Annual Percentage Rate (APR)

15.74% – 26.74% Variable (as of 12/15/2022)

For starting out or building credit

0% intro APR on purchases and balance transfers for 18 months from account opening

Regular Annual Percentage Rate (APR)

18.74% – 27.49% Variable

Compare the best 0% APR and low-interest credit cards

Citi® Diamond Preferred® Card


Intro offer

$150 statement credit after you spend $500 on purchases in the first 3 months of account opening

Citi Citi® Diamond Preferred® Card

Citi® Diamond Preferred® Card


Intro offer

$150 statement credit after you spend $500 on purchases in the first 3 months of account opening

Citi Citi® Diamond Preferred® Card

Details


Intro offer

$150 statement credit after you spend $500 on purchases in the first 3 months of account opening


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

17.24% – 27.99% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on balance transfers for 21 months (transfers must be completed within 4 months of account opening) and on purchases for 12 months

Editor’s Rating

4.7/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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Pros & Cons

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Very long intro APR period for balance transfers

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No annual fee

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Charges a balance transfer fee

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No rewards (but that’s not the point of this card)

Highlights

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  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 17.24% – 27.99%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • For a limited time earn a $150 Statement Credit after you spend $500 on purchases in the first 3 months of account opening.
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® Score online.
  • With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.

Additional Reading

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Citi Citi Simplicity® Card

Citi Citi Simplicity® Card

Citi Citi Simplicity® Card

Details


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

18.24% – 28.99% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on balance transfers for 21 months (transfers must be completed within 4 months of account opening) and on purchases for 12 months

Editor’s Rating

4.85/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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Pros & Cons

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Offers one of the longest intro APR periods for balance transfers (21 months)

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No late fees or penalty APR for late payments

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Higher balance transfer fee than some other cards

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Doesn’t offer rewards, so you may want to upgrade to another card once you’re done paying off your debt

Highlights

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  • No Late Fees, No Penalty Rate, and No Annual Fee… Ever
  • 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 18.24% – 28.99%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is an introductory balance transfer fee of $5 or 3% of the amount of the transfer, whichever is greater for balances transfers completed within 4 months of account opening.
  • Stay protected with Citi® Quick Lock and $0 liability on unauthorized charges

Additional Reading

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Wells Fargo Wells Fargo Active Cash® Card

Wells Fargo Active Cash® Card


Intro offer

$200 cash rewards bonus after spending $1,000 in purchases in the first 3 months from account opening


Rewards

Earn unlimited 2% cash rewards on purchases.

Wells Fargo Wells Fargo Active Cash® Card

Wells Fargo Active Cash® Card


Intro offer

$200 cash rewards bonus after spending $1,000 in purchases in the first 3 months from account opening


Rewards

Earn unlimited 2% cash rewards on purchases.

Wells Fargo Wells Fargo Active Cash® Card

Details


Rewards

Earn unlimited 2% cash rewards on purchases.


Intro offer

$200 cash rewards bonus after spending $1,000 in purchases in the first 3 months from account opening


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

19.24%, 24.24%, or 29.24% variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases and qualifying balance transfers for 15 months from account opening

Pros & Cons

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Good welcome bonus for a $0 annual fee card

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Straightforward 2% cash rewards on purchases with no categories to track

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Strong benefits including cell phone protection, Visa Signature perks, and a 0% intro APR on purchases and qualifying balance transfers for 15 months from account opening (then 19.24%, 24.24%, or 29.24% variable APR)

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If you’ve opened a Wells Fargo card in the past 15 months, you may not be eligible for the bonus or intro APR offer

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Foreign transaction fees

Highlights

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  • Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
  • Earn unlimited 2% cash rewards on purchases
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 19.24%, 24.24%, or 29.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5
  • $0 annual fee
  • No categories to track or remember and cash rewards don’t expire as long as your account remains open
  • Enjoy a premium collection of benefits at a selection of the world’s most intriguing and prestigious hotel properties with Visa Signature Concierge
  • Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card. (subject to a $25 deductible).
  • Select “Apply Now” to learn more about the product features, terms and conditions

Additional Reading

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Citi Citi® Double Cash Card


Rewards

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

Citi Citi® Double Cash Card


Rewards

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

Citi Citi® Double Cash Card

Details


Rewards

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.


Recommended Credit

Good to Excellent

Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application.

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Regular Annual Percentage Rate (APR)

18.24% – 28.24% Variable


Intro Annual Percentage Rate (APR)

0% intro APR for 18 months on balance transfers made within 4 months of account opening

Editor’s Rating

5/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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Pros & Cons

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No annual fee

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Simple earning structure without confusing bonus categories

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Some cards earn higher rates of cash back on rotating categories

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While it has a 0% introductory APR offer, that’s only on balance transfers, not purchases, so you can’t use it to fund a major expense without interest

Highlights

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  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.24% – 28.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

Additional Reading

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Chase Chase Freedom Unlimited®

Chase Freedom Unlimited®


Intro offer

1.5% cash back in addition to regular earning on everything you buy up to $20,000 spent in the first year (worth up to $300 cash back)


Rewards

Earn 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.

Chase Chase Freedom Unlimited®

Chase Freedom Unlimited®


Intro offer

1.5% cash back in addition to regular earning on everything you buy up to $20,000 spent in the first year (worth up to $300 cash back)


Rewards

Earn 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.

Chase Chase Freedom Unlimited®

Details


Rewards

Earn 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.


Intro offer

1.5% cash back in addition to regular earning on everything you buy up to $20,000 spent in the first year (worth up to $300 cash back)


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

18.74% – 27.49% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases and balance transfers for the first 15 months

Pros & Cons

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Solid flat cash-back rate

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You can combine cash-back rewards with Ultimate Rewards points if you have an eligible card

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No annual fee

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Some other cards offer a higher rate of cash back on certain types of purchases

Highlights

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  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.74% – 27.49%.
  • No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
  • Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.

Additional Reading

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Citi Citi Custom Cash℠ Card


Intro offer

$200 cash back, fulfilled as 20,000 ThankYou® Points, after you spend $1,500 on purchases in the first 6 months of account opening


Rewards

Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Earn unlimited 1% cash back on all other purchases.

Citi Citi Custom Cash℠ Card


Intro offer

$200 cash back, fulfilled as 20,000 ThankYou® Points, after you spend $1,500 on purchases in the first 6 months of account opening


Rewards

Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Earn unlimited 1% cash back on all other purchases.

Citi Citi Custom Cash℠ Card

Details


Rewards

Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Earn unlimited 1% cash back on all other purchases.


Intro offer

$200 cash back, fulfilled as 20,000 ThankYou® Points, after you spend $1,500 on purchases in the first 6 months of account opening


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

18.24% – 28.24% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on balance transfers and purchases for 15 months

Editor’s Rating

4.7/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

Show more

Pros & Cons

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Flexibility to customize rewards by earning 5% cash back on up to $500 per billing cycle in your top spending category (from a list)

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Generous welcome offer for a no-annual-fee card

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No rotating bonus categories to sign up for or track

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Earn valuable Citi ThankYou points which you can redeem for cash back, travel, gift cards, merchandise, and more

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Only earns 1% back outside of $500 in top spending category each billing cycle

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Foreign transaction fee of 3%

Highlights

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  • Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 18.24% – 28.24%, based on your creditworthiness.
  • Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
  • No rotating bonus categories to sign up for – as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
  • No Annual Fee
  • Citi will only issue one Citi Custom Cash℠ Card account per person.

Additional Reading

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Chase Chase Freedom Flex℠


Intro offer

$200 after spending $500 on purchases in the first three months from account opening


Rewards

5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. 5% cash back on travel purchased through Chase Ultimate Rewards®. 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.

Chase Chase Freedom Flex℠


Intro offer

$200 after spending $500 on purchases in the first three months from account opening


Rewards

5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. 5% cash back on travel purchased through Chase Ultimate Rewards®. 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.

Chase Chase Freedom Flex℠

Details


Rewards

5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. 5% cash back on travel purchased through Chase Ultimate Rewards®. 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.


Intro offer

$200 after spending $500 on purchases in the first three months from account opening


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

18.74% – 27.49% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases and balance transfers for the first 15 months

Pros & Cons

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No annual fee

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Generous bonus cash-back categories

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Great welcome bonus

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Booking through Chase Ultimate Rewards portal can restrict outside earning potential

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Varying percentages and rotating calendar categories require extra attention

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3% foreign transaction fees

Highlights

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  • The information related to the Chase Freedom Flex℠ has been collected by Business Insider and has not been reviewed by the issuer.
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more
  • 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.74% – 27.49%.
  • No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Flex℠ card
  • Keep tabs on your credit health – Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.

Additional Reading

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American Express Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express


Intro offer

$100 statement credit after you spend $2,000 in purchases on your new card in the first 6 months of card membership and up to $150 back by earning 20% back as a statement credit on purchases when you shop with PayPal in the first 6 months


Rewards

Earn 3% cash back at U.S. supermarkets, online retail purchases, and at U.S. gas stations (on up to $6,000 in each category per year in purchases, then 1% cash back). Earn 1% cash back on all other purchases.

American Express Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express


Intro offer

$100 statement credit after you spend $2,000 in purchases on your new card in the first 6 months of card membership and up to $150 back by earning 20% back as a statement credit on purchases when you shop with PayPal in the first 6 months


Rewards

Earn 3% cash back at U.S. supermarkets, online retail purchases, and at U.S. gas stations (on up to $6,000 in each category per year in purchases, then 1% cash back). Earn 1% cash back on all other purchases.

On American Express’s website

American Express Blue Cash Everyday® Card from American Express

On American Express’s website

Details


Rewards

Earn 3% cash back at U.S. supermarkets, online retail purchases, and at U.S. gas stations (on up to $6,000 in each category per year in purchases, then 1% cash back). Earn 1% cash back on all other purchases.


Intro offer

$100 statement credit after you spend $2,000 in purchases on your new card in the first 6 months of card membership and up to $150 back by earning 20% back as a statement credit on purchases when you shop with PayPal in the first 6 months


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

18.24% – 29.24% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases and balance transfers for 15 months from account opening

Pros & Cons

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Good bonus cash-back rate at US supermarkets

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No annual fee

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If you spend more than $6,000 at US supermarkets in a year, you should use another card to earn bonus rewards once you hit that cap

Highlights

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  • Earn up to $250 – Here’s How: Earn up to $150 back when you shop with PayPal. Earn 20% back as a statement credit on purchases when you use your new Card to check out with PayPal at merchants in the first 6 months of Card Membership, up to $150 back. Plus, earn $100 back as a statement credit after you spend $2,000 in purchases on your new Card in the first 6 months of Card Membership.
  • No Annual Fee.
  • Balance Transfer is back! Enjoy 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 18.24% – 29.24% variable APR.
  • 3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%.
  • 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%.
  • 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%.
  • Get $7 back each month after using your Blue Cash Everyday Card to spend $13.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
  • Terms Apply.

Additional Reading

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Capital One Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card


Intro offer

One-time $200 cash bonus once you spend $500 on purchases within 3 months of account opening


Rewards

Earn unlimited 1.5% cash back on all purchases

Capital One Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card


Intro offer

One-time $200 cash bonus once you spend $500 on purchases within 3 months of account opening


Rewards

Earn unlimited 1.5% cash back on all purchases

Capital One Capital One Quicksilver Cash Rewards Credit Card

Details


Rewards

Earn unlimited 1.5% cash back on all purchases


Intro offer

One-time $200 cash bonus once you spend $500 on purchases within 3 months of account opening


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

19.24% – 29.24% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases and balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months)

Pros & Cons

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Earns 1.5% cash back on every purchase

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Intro APR on purchases and balance transfers

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No annual fee and no foreign transaction fees

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Other cards earn more cash back

Highlights

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  • Earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • $0 annual fee and no foreign transaction fees
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options. Terms apply
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 19.24%-29.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months

Additional Reading

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Capital One Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card


Intro offer

Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening


Rewards

Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024. Earn 8% cash back on Capital One Entertainment purchases. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores. Earn 1% cash back on all other purchases.

Capital One Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card


Intro offer

Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening


Rewards

Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024. Earn 8% cash back on Capital One Entertainment purchases. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores. Earn 1% cash back on all other purchases.

Capital One Capital One SavorOne Cash Rewards Credit Card

Details


Rewards

Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024. Earn 8% cash back on Capital One Entertainment purchases. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores. Earn 1% cash back on all other purchases.


Intro offer

Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

19.24% – 29.24% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases and balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months)

Pros & Cons

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No annual fee

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Bonus cash back on dining, entertainment, and grocery store purchases

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Long intro APR period for purchases and balance transfers

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Other cards earn more cash back in certain bonus categories

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Not the highest sign-up bonus among cash-back cards

Highlights

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  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • 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
  • Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
  • Earn 8% cash back on Capital One Entertainment purchases
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options. Terms apply
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 19.24% – 29.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee
  • No annual fee

Additional Reading

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Discover Discover it® Cash Back


Intro offer

Unlimited Cashback Match – Discover will automatically match all the cash back you’ve earned at the end of your first year


Rewards

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations up to the quarterly maximum when you activate. Earn unlimited 1% cash back on all other purchases automatically.

Discover Discover it® Cash Back


Intro offer

Unlimited Cashback Match – Discover will automatically match all the cash back you’ve earned at the end of your first year


Rewards

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations up to the quarterly maximum when you activate. Earn unlimited 1% cash back on all other purchases automatically.

Discover Discover it® Cash Back

Details


Rewards

Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations up to the quarterly maximum when you activate. Earn unlimited 1% cash back on all other purchases automatically.


Intro offer

Unlimited Cashback Match – Discover will automatically match all the cash back you’ve earned at the end of your first year


Recommended Credit

Good to Excellent

Recommended credit score. Note that credit card lenders may use many different variations of credit score models when considering your application.

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Regular Annual Percentage Rate (APR)

15.74% – 26.74% Variable (as of 12/15/2022)


Intro Annual Percentage Rate (APR)

0% intro APR for 15 months on purchases and balance transfers

Editor’s Rating

4.42/5

Our editor’s ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

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Pros & Cons

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From October 1 to December 31, 2022, you can earn 5% cash back at Amazon.com and on digital wallets on up to $1,500 in purchases after enrollment, then 1%

Check mark icon A check mark. It indicates a confirmation of your intended interaction.

Discover will match your cash back earned at the end of your first account year

Check mark icon A check mark. It indicates a confirmation of your intended interaction.

No annual fee

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Cap on how much bonus cash back you can earn each quarter

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If the quarterly categories aren’t convenient for you, you can earn more cash back with a different card

Highlights

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  • Intro Offer: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
  • Every $1 you earn in cash back is $1 you can redeem.
  • Get a 0% intro APR for 15 months on purchases. Then 15.74% to 26.74% Standard Variable Purchase APR applies, based on credit worthiness. Rates as of December 15, 2022.
  • No annual fee.
  • Click “Apply Now” to see terms and conditions.

Additional Reading

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Chase Chase Slate Edge℠

Chase Chase Slate Edge℠

Chase Chase Slate Edge℠

Details


Recommended Credit

Good to Excellent


Regular Annual Percentage Rate (APR)

18.74% – 27.49% Variable


Intro Annual Percentage Rate (APR)

0% intro APR on purchases and balance transfers for 18 months from account opening

Pros & Cons

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0% introductory APR on purchases and balance transfers for the first 18 months

Check mark icon A check mark. It indicates a confirmation of your intended interaction.

No annual fee

Check mark icon A check mark. It indicates a confirmation of your intended interaction.

Potential for automatic consideration for credit limit increases and purchase APR reductions

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Card doesn’t earn rewards beyond the welcome bonus

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Other cards have longer 0% APR offers

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Consideration for purchase APR reduction and credit line increase requires meeting a minimum spending requirement and on-time payments

Highlights

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  • Start off strong with 0% Intro APR for 18 months from account opening on purchases and balance transfers. A variable APR of 18.74% – 27.49% on balance transfers and purchases after the introductory period ends.
  • Lower your interest rate by 2% each year. Automatically be considered for an APR reduction when you pay on time, and spend at least $1000 on your card by your next account anniversary.
  • Raise your credit limit. Get an automatic, one-time review for a higher credit limit when you pay on time, and spend $500 in your first six months.
  • All for no annual fee – You won’t have to pay an annual fee for all the great features that come with your Slate Edge℠ card
  • Keep tabs on your credit health – Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more

Additional Reading

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It seems counterintuitive, but another credit card could be just what you need to pay off your credit card debt for good. Some credit cards with introductory 0% intro APR periods allow you to transfer a balance from another credit card. Cards in this category might let you pay 0% interest on purchases, balance transfers, or both for a specified period of time that can range from nine to 21 months.

Some 0% intro APR cards that allow balance transfers require a balance transfer fee upfront — but the interest savings can easily outweigh the fee by hundreds or thousands of dollars. Especially if your financial situation has been impacted by unemployment or other pandemic factors, a credit card with a 0% intro APR offer can give you some breathing room to get back on your feet.

Before you consider taking advantage of a 0% intro APR offer, be sure you have the means and a plan to pay off the balance before the introductory period expires — otherwise, you could be on the hook for high-interest charges. Also, keep in mind you’re still responsible for making at least the minimum payment on your card each month, even with a 0% intro APR offer.

The best 0% APR credit card reviews

Introductory APR offer: 0% intro APR on balance transfers for 21 months (transfers must be completed within 4 months of account opening) and on purchases for 12 months, followed by a 17.24% – 27.99% Variable APR.

Balance transfer fee: 5% (minimum $5)

Annual fee: $0

Review: Citi Diamond Preferred review

The Citi® Diamond Preferred® Card offers one of the longest 0% introductory offers on the market today. A balance transfer fee of 5% (a minimum of $5) applies, but this card is still ideal for anyone with a ton of high-interest debt they want to consolidate and pay down over time.

It’s currently offering a limited-time welcome bonus of $150 statement credit after you spend $500 on purchases in the first 3 months of account opening.

Introductory APR offer: 0% intro APR on balance transfers for 21 months (transfers must be completed within 4 months of account opening) and on purchases for 12 months, followed by a 18.24% – 28.99% Variable APR.

Balance transfer fee:  3% intro balance transfer fee (minimum $5) applies for the first four months, then 5% balance transfer fee (minimum $5) 

Annual fee: $0

Review: Citi Simplicity card review

If you want to consolidate high-interest credit card debt without having to worry about extra fees or penalty rates, the Citi Simplicity® Card is a great choice. It offers a 0% intro APR on balance transfers for 21 months (transfers must be completed within 4 months of account opening) and on purchases for 12 months (then a 18.24% – 28.99% Variable APR).

The card doesn’t add late fees or charge a penalty rate, and there’s no annual fee either. You won’t earn rewards for your spending, but if debt consolidation is a priority, this card is a good choice.

Introductory APR offer: 0% intro APR on purchases and qualifying balance transfers for 15 months from account opening, followed by a 19.24%, 24.24%, or 29.24% variable APR

Balance transfer fee: Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening (after that, up to 5% for each balance transfer, with a minimum of $5)

Annual fee: $0

Review: Wells Fargo Active Cash card review

If you’re looking for a card with a solid welcome bonus offer and strong cash back rewards earning on all purchases, the Wells Fargo Active Cash® Card is an excellent choice. New cardholders earn $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months from account opening.

The card’s intro APR offer is generous, and you’ll have access to a number of good benefits, including cell phone protection. Just be aware this card charges foreign transaction fees, so it’s not a good pick for travels overseas.

Introductory APR offer: 0% intro APR for 18 months on balance transfers made within 4 months of account opening, followed by a 18.24% – 28.24% Variable APR.

Balance transfer fee: 5% (minimum $5)

Annual fee: $0

Review: Citi Double Cash credit card review

The Citi® Double Cash Card is popular with consumers since it offers 2% back for everything you buy — 1% (1 point per dollar) when you make a purchase and another 1% (1 point per dollar) when you pay it off. You’ll also secure a lucrative 0% intro APR offer that can help you save thousands of dollars on interest for a limited time. It does not currently offer any kind of welcome bonus. 

The Citi® Double Cash Card earns rewards in the form of Citi ThankYou points, which you can redeem at a rate of 1 cent apiece for cash back, travel, merchandise, gift cards, and more. 

The Citi® Double Cash Card is one-third of the Citi Trifecta, along with the Citi Premier® Card and Citi Custom Cash℠ Card. This trio of Citi cards can supercharge your ThankYou Rewards balance by earning anywhere from 2x to 5x rewards on every single purchase.

Introductory APR offer: 0% intro APR on purchases and balance transfers for the first 15 months, followed by a 18.74% – 27.49% Variable

Balance transfer fee: Intro fee of 3% of the amount of each transfer (minimum $5), on transfers made within 60 days of account opening. After that: 5% of the amount of each transfer (minimum $5).

Annual fee: $0

Review: Chase Freedom Unlimited card review

The Chase Freedom Unlimited® starts new customers off with 1.5% cash back in addition to regular earning on everything you buy up to $20,000 spent in the first year (worth up to $300 cash back). 

They can also earn 5% back on travel booked through the Chase Ultimate Rewards® portal, 3% back on dining and drugstores, and 1.5% back on all other purchases.

When you consider the card’s intro APR offer, it’s easy to see why it’s best for consumers who want to earn rewards on a big purchase and pay down their balance without any interest over time. The Chase Freedom Unlimited® (and the Chase Freedom Flex℠
) recently added balance transfers to its 0% intro APR offer, which makes this an even better deal.

Introductory APR offer: 0% intro APR on balance transfers and purchases for 15 months, followed by a 18.24% – 28.24% Variable APR

Balance transfer fee: 5% (minimum $5)

Annual fee: $0

Review: Citi Custom Cash credit card review

The Citi Custom Cash℠ Card is a great choice if your spending habits tend to change from month to month. It offers a welcome bonus of $200 cash back, fulfilled as 20,000 ThankYou® Points, after you spend $1,500 on purchases in the first 6 months of account opening. In addition, cardholders earn 5% cash back on up to $500 in purchases in the eligible category they spend the most in each billing cycle (then 1%), and 1% on all other purchases.

The qualifying categories include everyday expenses that should appeal to most folks: restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment.

Although it’s marketed as a cash-back card, the Citi Custom Cash℠ Card actually earns rewards in the form of Citi ThankYou points, which are worth 1 cent apiece for cash back, travel booked through Citi, gift cards, merchandise, and more. And again, if you have a Citi Premier® Card or Citi Prestige® Card
(no longer available to new applicants), you can pool your rewards and transfer points to Citi’s airline and hotel partners.

Introductory APR offer: 0% intro APR on purchases and balance transfers for the first 15 months, followed by a 18.74% – 27.49% Variable APR.

Balance transfer fee: Intro fee of 3% of the amount of each transfer (minimum $5), on transfers made within 60 days of account opening. After that: 5% of the amount of each transfer (minimum $5).

Annual fee: $0

Review: Chase Freedom Flex card review

The Chase Freedom Flex℠ offers a bonus of $200 after spending $500 on purchases in the first three months from account opening. 

It also earns 5% back on up to $1,500 spent in rotating bonus categories like Amazon and streaming services when you activate each quarter (then 1%) and on travel purchased through the Chase travel portal. It also offers 3% back on dining and drugstore purchases, and 1% back on all other purchases. From January 1 to March 31, 2023, the Chase Freedom 5x categories are grocery stores (excluding Walmart), Target, and fitness/gym club memberships.

This card is a great option for anyone who wants to avoid interest payments for a limited time while earning rewards on their purchases. Keep in mind that with the Chase Freedom Flex℠ and Chase Freedom Unlimited, if you pair your card with a Chase card that earns Chase Ultimate Rewards points — like the Chase Sapphire Preferred Card — your rewards become more flexible, as you have the option to transfer points to Chase’s airline and hotel partners in addition to redeeming for cash back.

Not sure which Freedom card is right for you? Check out our comparison of the different Freedom credit cards for a full rundown of earnings, benefits, and perks.

Introductory APR offer: 0% intro APR on purchases and balance transfers for 15 months from account opening, followed by a 18.24% – 29.24% Variable APR

Annual fee: $0

Review: Amex Blue Cash Everyday credit card review

The Blue Cash Everyday® Card from American Express offers a welcome bonus of a $100 statement credit after you spend $2,000 in purchases on your new card in the first 6 months of card membership and up to $150 back by earning 20% back as a statement credit on purchases when you shop with PayPal in the first 6 months.

You can also earn 3% back on up to $6,000 spent at U.S. supermarkets each calendar year (then 1%), 3% back at U.S. gas stations on up to $6,000 spent at U.S. supermarkets each calendar year (then 1%), 3% back on online retail purchases on up to $6,000 spent at U.S. supermarkets each calendar year (then 1%), and 1% back on everything else (cash back is received in the form of Reward Dollars that can be redeemed as statement credits). 

Introductory APR offer: 0% intro APR on purchases and balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months), followed by a 19.24% – 29.24% Variable APR

Balance transfer fee: 3% for balance transfers that post to your account during the first 15 months that your account is open (or at a promotional APR that Capital One may offer you at any other time). None for transferred balances at the purchase APR after the first 15 months that your account has been open.

Annual fee: $0

Review: Capital One Quicksilver Cash Rewards card review

The Capital One Quicksilver Cash Rewards Credit Card earns an unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, 1.5% back on all other eligible purchases, and that’s on top of the welcome offer: One-time $200 cash bonus once you spend $500 on purchases within 3 months of account opening.

Since this card also comes with a 0% intro APR on purchases and balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months) (then a 19.24% – 29.24% Variable APR), it’s an excellent option for debt consolidation or avoiding interest on large purchases. 

The Quicksilver Cash Rewards Card is also offering cardholders up to six months of Uber One monthly membership (through November 14, 2024). 

Introductory APR offer: 0% intro APR on purchases and balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months), followed by a 19.24% – 29.24% Variable APR

Balance transfer fee: 3% for balance transfers that post to your account during the first 15 months that your account is open (or at a promotional APR that Capital One may offer you at any other time). None for transferred balances at the purchase APR after the first 15 months that your account has been open.

Annual fee: $0

Review: Capital One SavorOne credit card review

If your goal is earning cash back while saving on interest on purchases, check out the Capital One SavorOne Cash Rewards Credit Card. This card has a good welcome offer: Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.

You can earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through November 14, 2024, and 8% cash back on Capital One Entertainment purchases. You can also earn 5% cash back on hotels and rental cars booked through Capital One Travel; 3% back on dining, grocery stores, entertainment, and streaming services, and 1% back on everything else you buy. There’s no annual fee, and you’ll qualify for a 0% intro APR on purchases and balance transfers for 15 months (3% fee on the amounts transferred within the first 15 months), then a 19.24% – 29.24% Variable APR.

Introductory APR offer: 0% intro APR for 15 months on purchases and balance transfers, then 15.74% – 26.74% Variable (as of 12/15/2022) APR

Balance transfer fee: 3% intro fee; then up to 5% on future balance transfers (see terms)

Annual fee: $0

Review: Discover it Cash Back credit card review

Also, consider the Discover it® Cash Back if you want to earn rewards and save money on interest without an annual fee. Once you enroll, this card lets you earn 5% back on up to $1,500 spent in quarterly bonus categories that change every three months (then 1%) plus 1% back on all other purchases (from January 1 to March 31, 2023, you can earn 5% cash back at grocery stores, drug stores and select streaming services on up to $1,500 in purchases after enrollment, then 1%).

You’ll also have all your rewards matched after your first year of card membership, which works as a delayed welcome bonus of sorts. And that’s not to mention the lucrative intro APR offer this card extends.

If you’re looking specifically for a long balance transfer period, the Discover it® Balance Transfer is an even better choice for new cardholders with a 0% intro APR on balance transfers for 18 months and on purchases for 6 months (after that, there’s a 15.74% – 26.74% Variable (as of 12/15/2022) APR). Here’s our full Discover it Balance Transfer card review.

Introductory APR offer: 0% intro APR on purchases and balance transfers for 18 months from account opening, then a 18.74% – 27.49% Variable APR

Balance transfer fee: 3% (or $5, whichever is greater) for balance transfers made in the first 60 days of account opening; after that, the fee goes up to 5%

Annual fee: $0

Review: Chase Slate Edge card review

The Chase Slate Edge℠ comes with no welcome bonus offer, and it doesn’t earn rewards. It’s geared toward those who are taking steps to improve their financial situation, and offers features that can help you increase your credit score and reduce the amount of interest you pay.

One benefit designed to help you build your credit is an automatic, one-time review for a higher credit limit if you’ve paid on time and spent at least $500 in your first six months of opening the Chase Slate Edge℠. A higher limit could improve your credit utilization ratio and potentially give your credit score a boost.

In addition, on each account anniversary, you’ll be considered for a 2% APR reduction, as long as you’ve paid your card on time and spent at least $1,000 on purchases in the previous anniversary year. The reduction is capped, though — it will only be reduced until your APR reaches the Prime Rate plus 9.74% (Prime Rate is 7.00% as of November 3, 2022). 

The best credit cards with 0% APR offers

Here’s a roundup of cards with relatively low interest rates, including their introductory APR offer and their interest rate ranges for comparison.

For comparison’s sake, here are some credit cards, including some rewards cards, without intro APR offers and with APRs that start much higher than those on the cards above: 

Credit card issuers are allowed to charge whatever interest rate they want; they only have to disclose the rate in the card’s terms and conditions. You should always make sure you know the interest rate range of the card you apply for, and when you receive the card, check the rate you were approved for.

Intro 0% APR credit cards frequently asked questions (FAQ)

Before you take advantage of an introductory 0% APR credit card offer, it’s important to consider the following:

  • Know your offer. Make sure to read the fine print and understand exactly how long your offer lasts. Also, make sure you understand your new interest rate once the 0% intro APR comes to a screeching halt. 

  • Take debt repayment seriously. Pay down all your debt (or as much debt as you can) before your 0% intro offer runs out. Once it ends, your card’s APR will revert to the standard variable rate, which is much higher.

  • Stop using credit cards. While it can make sense to use a 0% intro APR credit for a large expense if you get zero interest on purchases for a limited time, it’s best to avoid using cards for regular purchases unless you have the cash to pay your credit card balance off in full each month. If you let 0% intro APR go to your head, you could wind up with a ton of new debt you didn’t plan for. 


Just a few short years ago, there was a time when having excellent credit meant your credit card interest rate was low. Some people even selected cards based not only on miles, rewards, and cash back, but also on the very interest rate a card charged annually.

My, how things have changed. Good credit still rocks, of course, but today, interest rates on credit cards are some of the highest they’ve been in the past quarter-century. The interest rate on your credit card varies by the card issuer, and the better your credit score, the lower the interest rate you’re likely to receive. Well, within those historically high rates, of course.

In 2009, Congress passed the Credit Card Accountability Responsibility and Disclosure (CARD) Act, which in essence restricted card issuers from changing the terms, including the interest rate, on your card after you opened it. Hard to believe that was once allowed.

Now that it’s harder for card issuers to raise rates in response to economic downturns, they’ve raised the rates on new accounts across the board.

In this time of historically high credit card rates, the very best credit card interest rates are still offered to those with top credit scores, usually considered 700 or above. What’s more, rewards credit cards may have some of the higher APRs available, since card issuers are aware that consumers with good credit are typically using these cards for rewards and paying them off monthly.

While rates may vary according to the type of card you get, the average credit card interest rate clocks in at around 18%.

The problem is that when you apply for a card, you can only see the card’s range of interest. You won’t know the exact interest rate you’re likely to receive until you’re approved and actually receive your card.

You can take an educated guess that if your credit score is 700 and above, you’ll probably get the lowest of the range for that card. If your scores fall in the mid to high 600s, you’ll likely hit the card’s mid-range interest rate, and if your scores are lower than the mid-600s, you can count on being offered the highest end of that card’s interest rate range.

The average credit card interest rate is about 18%, so anything below that number would be considered a relatively good APR. Of course, no APR is better than a low APR, so if you’re able to take advantage of an intro APR offer that waives interest on balance transfers and/or purchases, you’ll come out even further ahead.

If you feel your credit card’s APR rate is high, you’re not alone. Because credit card debt isn’t secured in any way (unlike mortgages, which are secured by property), credit card issuers impose high-interest rates if you default on your payments.

While credit card APRs are high in general, the specific APR you’re assigned on your credit card falls within a range. The higher your credit score, the lower your APR will generally be. That’s because a high credit score generally indicates that you’ve successfully paid off your credit card debts promptly.

Beyond applying for a credit card with an introductory APR offer, you can contact your credit card issuer and request a decrease in your APR. There’s no guarantee the issuer will decide to lower your APR, but if you have a good payment history and you indicate that you may move your business elsewhere if you can’t get a lower APR, you could have a solid case for getting the rate reduced.

Holly Johnson

Freelance Writer

Tessa Campbell

Personal Finance Reviews Fellow

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