The 12 best 0% APR credit cards of October 2022

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Insider’s consultants select the best services to assist make sensible choices together with your cash (here’s how). In some circumstances, we obtain a fee from our our partners, nonetheless, our opinions are our personal. Terms apply to provides listed on this web page.

A credit card providing 0% APR will help you lower your expenses when it is advisable carry a steadiness.

Let’s say you will have a $1,500 steadiness on a card with a 16.99% APR, and also you wish to pay it off in equal month-to-month funds. Transferring that steadiness to a card with 0% APR for 15 months and paying it off inside that time-frame may prevent $151 in curiosity — and if you take into consideration a 3% steadiness switch price of $45, you continue to save $106 general.

Insider reviewed dozens of credit cards with introductory 0% APR provides to provide you with 12 best-in-class merchandise. We thought-about elements like annual fees, intro durations, and rewards to assist discover the proper card for you.

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

It appears counterintuitive, however one other credit card could possibly be simply what it is advisable pay off your credit card debt for good. Some credit cards with introductory 0% intro APR durations permit you to transfer a balance from another credit card. Cards on this class would possibly allow you to pay 0% curiosity on purchases, steadiness transfers, or each for a specified interval of time that may vary from 9 to 21 months.

Some 0% intro APR cards that allow balance transfers require a steadiness switch price upfront — however the curiosity financial savings can simply outweigh the price by tons of or hundreds of {dollars}. Especially in case your monetary state of affairs has been impacted by unemployment or different pandemic elements, a credit card with a 0% intro APR provide can provide you some respiratory room to get again in your toes.

Before you consider taking advantage of a 0% intro APR offer, make sure you will have the means and a plan to repay the steadiness earlier than the introductory interval expires — in any other case, you possibly can be on the hook for high-interest prices. Also, bear in mind you are still answerable for making no less than the minimal fee in your card every month, even with a 0% intro APR provide.

The best 0% APR credit card evaluations

Citi Diamond Preferred Card

Introductory APR provide: Citi® Diamond Preferred® Card, adopted by a 14.74% – 24.74% Variable APR APR.

Balance switch price: 5% (minimal $5)

Annual price: Citi® Diamond Preferred® Credit Card

Review: Citi Diamond Preferred review

The Citi® Diamond Preferred® Credit Card provides one of the longest 0% introductory provides available on the market at the moment. A steadiness switch price of 5% (a minimal of $5) applies, however this card remains to be ultimate for anybody with a ton of high-interest debt they wish to consolidate and pay down over time.

It’s presently providing a limited-time welcome bonus of Citi® Diamond Preferred® Card.

Citi Simplicity Card

Introductory APR provide: Citi Simplicity® Card, adopted by a Citi Simplicity® Card APR.

Balance switch price:  3% intro steadiness switch price (minimal $5) applies for the primary 4 months, then 5% steadiness switch price (minimal $5) 

Annual price: Citi Simplicity® Card

Review: Citi Simplicity card review

If you wish to consolidate high-interest credit card debt with out having to worry about extra fees or penalty rates, the Citi Simplicity® Card is a superb selection. It provides a Citi Simplicity® Card (then a Citi Simplicity® Card APR).

The card does not add late charges or cost a penalty charge, and there is no annual price both. You will not earn rewards on your spending, but when debt consolidation is a precedence, this card is an efficient selection.

Wells Fargo Active Cash Card

Introductory APR provide: Wells Fargo Active Cash® Card, adopted by a Wells Fargo Active Cash® Card APR

Balance switch price: Introductory price of both $5 or 3% of the quantity of every steadiness switch, whichever is bigger, for 120 days from account opening (after that, as much as 5% for every steadiness switch, with a minimal of $5)

Annual priceWells Fargo Active Cash® Card

Review: Wells Fargo Active Cash card review

If you are on the lookout for a card with a stable welcome bonus provide and powerful cash back rewards incomes on all purchases, the Wells Fargo Active Cash® Card is a wonderful selection. New cardholders earn Wells Fargo Active Cash® Card.

The card’s intro APR provide is beneficiant, and you will have entry to a quantity of good advantages, together with cellphone safety. Just remember this card prices foreign transaction fees, so it isn’t decide for travels abroad.

Citi Double Cash Card

Introductory APR provide: Citi® Double Cash Card, adopted by a 13.99% – 23.99% (Variable) APR.

Balance switch price: 5% (minimal $5)

Annual price: Citi® Double Cash Card

Review: Citi Double Cash credit card review

The Citi® Double Cash Card is well-liked with shoppers because it provides 2% again for every little thing you purchase — 1% (1 level per greenback) if you make a purchase order and one other 1% (1 level per greenback) if you pay it off. You’ll additionally safe a profitable 0% intro APR provide that may show you how to save hundreds of {dollars} on curiosity for a restricted time. 

It does not usually provide a welcome bonus, however for a restricted time, you may earn Citi® Double Cash Card.

The Citi® Double Cash Card earns rewards within the kind of Citi ThankYou factors, which you’ll be able to redeem at a charge of 1 cent apiece for money again, travel, merchandise, present cards, and extra. 

Chase Freedom Unlimited

Introductory APR provide: Chase Freedom Unlimited®, adopted by a 14.99%–23.74% variable APR

Balance switch price: Intro price of 3% of the quantity of every switch (minimal $5), on transfers made inside 60 days of account opening. After that: 5% of the quantity of every switch (minimal $5).

Annual price: Chase Freedom Unlimited®

Review: Chase Freedom Unlimited card review

The Chase Freedom Unlimited® begins new prospects off with $200 after spending $500 within the first three months from account opening

They may also earn 5% again on journey booked by the Chase Ultimate Rewards® portal, 3% again on eating and drugstores, and 1.5% again on all different purchases.

When you take into account the cardboard’s intro APR provide, it is simple to see why it is best for shoppers who wish to earn rewards on an enormous buy and pay down their balance without any interest over time. The Chase Freedom Unlimited® (and the Chase Freedom Flex℠) lately added steadiness transfers to its 0% intro APR provide, which makes this an excellent higher deal.

Citi Custom Cash Card

Introductory APR provide: Citi Custom Cash℠ Card, adopted by a Citi Custom Cash℠ Card APR

Balance switch price: 5% (minimal $5)

Annual price: Citi Custom Cash℠ Card

Review: Citi Custom Cash credit card review

The Citi Custom Cash℠ Card is a superb selection in case your spending habits have a tendency to alter from month to month. It provides a welcome bonus of Citi Custom Cash℠ Card. In addition, cardholders earn 5% money again on as much as $500 in purchases within the eligible class they spend essentially the most in every billing cycle (then 1%), and 1% on all different purchases.

The qualifying classes embrace on a regular basis bills that ought to attraction to most folk: restaurants, gas stations, grocery stores, choose journey, choose transit, select streaming services, drugstores, residence enchancment shops, health golf equipment, and stay leisure.

Although it is marketed as a cash-back card, the Citi Custom Cash℠ Card truly earns rewards within the kind of Citi ThankYou points, that are value 1 cent apiece for money again, travel booked through Citi, present cards, merchandise, and extra. And once more, when you have a Citi Premier® Card or Citi Prestige® Card (now not out there to new candidates), you may pool your rewards and transfer points to Citi’s airline and hotel partners.

Chase Freedom Flex

Introductory APR provide: Chase Freedom Flex℠, adopted by a 14.99% – 23.74% APR.

Balance switch price: Intro price of 3% of the quantity of every switch (minimal $5), on transfers made inside 60 days of account opening. After that: 5% of the quantity of every switch (minimal $5).

Annual price: Chase Freedom Flex℠

Review: Chase Freedom Flex card review

The Chase Freedom Flex℠ provides a bonus of $200 Bonus after you spend $500 on purchases in your first 3 months from account opening

It additionally earns 5% again on as much as $1,500 spent in rotating bonus categories like Amazon and streaming providers if you activate every quarter (then 1%) and on journey bought by the Chase travel portal. It additionally provides 3% again on eating and drugstore purchases, and 1% again on all different purchases. From October 1 to December 31, 2022, the Chase Freedom 5x classes are Walmart and PayPal.

This card is a superb possibility for anybody who needs to keep away from curiosity funds for a restricted time whereas incomes rewards on their purchases. Keep in thoughts that with the Chase Freedom Flex℠ and Chase Freedom Unlimited®, for those who pair your card with a Chase card that earns Chase Ultimate Rewards points — just like the Chase Sapphire Preferred® Card — your rewards turn into extra versatile, as you will have the choice to switch factors to Chase’s airline and hotel partners along with redeeming for money again.

Amex Blue Cash Everyday

Introductory APR provide: Blue Cash Everyday® Card from American Express, adopted by a 13.99% to 23.99% variable APR APR

Annual price: Blue Cash Everyday® Card from American Express

Review: Amex Blue Cash Everyday credit card review

The Blue Cash Everyday® Card from American Express provides a welcome bonus of a $150 assertion credit after you spend $1,000 within the first 3 months from account opening.

You may also earn 3% again on as much as $6,000 spent at U.S. supermarkets every calendar 12 months (then 1%), 3% again at U.S. fuel stations on as much as $6,000 spent at U.S. supermarkets every calendar 12 months (then 1%), 3% again on on-line retail purchases on as much as $6,000 spent at U.S. supermarkets every calendar 12 months (then 1%), and 1% again on every little thing else (money again is acquired within the kind of Reward Dollars that may be redeemed as assertion credit). 

Capital One Quicksilver

Introductory APR provide: Capital One Quicksilver Cash Rewards Credit Card, adopted by a Capital One Quicksilver Cash Rewards Credit Card APR

Balance switch price: 3% for steadiness transfers that submit to your account throughout the first 15 months that your account is open (or at a promotional APR that Capital One could give you at some other time). None for transferred balances on the buy APR after the primary 15 months that your account has been open.

Annual price: Capital One Quicksilver Cash Rewards Credit Card

Review: (*12*)

The Capital One Quicksilver Cash Rewards Credit Card earns a limiteless 5% money again on motels and rental automobiles booked by Capital One Travel, 1.5% again on all different eligible purchases, and that is on high of the welcome provide: Capital One Quicksilver Cash Rewards Credit Card.

Since this card additionally comes with a Capital One Quicksilver Cash Rewards Credit Card (then a Capital One Quicksilver Cash Rewards Credit Card APR), it is a wonderful possibility for debt consolidation or avoiding curiosity on massive purchases. 

Capital One SavorOne 

Introductory APR provide: Capital One SavorOne Cash Rewards Credit Card, adopted by a 15.49% – 25.49% variable APR APR

Balance switch price: 3% for steadiness transfers that submit to your account throughout the first 15 months that your account is open (or at a promotional APR that Capital One could give you at some other time). None for transferred balances on the buy APR after the primary 15 months that your account has been open.

Annual price: Capital One® SavorOne® Cash Rewards Credit Card

Review: Capital One SavorOne credit card review

If your purpose is incomes money again whereas saving on curiosity on purchases, try the Capital One SavorOne Cash Rewards Credit Card. This card has welcome provide: Capital One® SavorOne® Cash Rewards Credit Card.

You additionally earn 5% money again on hotels and rental automobiles booked by Capital One Travel; 3% again on eating, grocery shops, leisure, and streaming providers, and 1% again on every little thing else you purchase. There’s no annual price, and you will qualify for a Capital One SavorOne Cash Rewards Credit Card, then a 15.49% – 25.49% variable APR APR.

Discover it Cash Back

Introductory APR provide: Discover it® Cash Back, then Discover it® Cash Back APR

Balance switch price: 3% intro price; then as much as 5% on future steadiness transfers (see phrases)

Annual price: Discover it® Cash Back

Review: Discover it Cash Back credit card review

Also, take into account the Discover it® Cash Back if you wish to earn rewards and lower your expenses on curiosity with out an annual price. Once you enroll, this card helps you to earn 5% again on as much as $1,500 spent in quarterly bonus categories that change each three months (then 1%) plus 1% again on all different purchases Discover It Cashback rotation.

You’ll additionally have all your rewards matched after your first 12 months of card membership, which works as a delayed welcome bonus of types. And that is to not point out the profitable intro APR provide this card extends.

Chase Slate Edge

Introductory APR provide: Chase Slate Edge℠, then a Chase Slate Edge℠ APR

Balance switch price: 3% (or $5, whichever is bigger) for steadiness transfers made within the first 60 days of account opening; after that, the price goes as much as 5%

Annual price: Chase Slate Edge℠

Review: Chase Slate Edge card review

The Chase Slate Edge℠ comes with no welcome bonus provide, and it does not earn rewards. It’s geared towards those that are taking steps to enhance their monetary state of affairs, and provides options that may show you how to enhance your credit rating and scale back the quantity of curiosity you pay.

One profit designed that will help you construct your credit is an computerized, one-time evaluation for a better credit restrict for those who’ve paid on time and spent no less than $500 in your first six months of opening the Chase Slate Edge℠. A better restrict may enhance your credit utilization ratio and doubtlessly give your credit score a boost.

In addition, on every account anniversary, you will be thought-about for a 2% APR discount, so long as you have paid your card on time and spent no less than $1,000 on purchases within the earlier anniversary 12 months. The discount is capped, although — it’ll solely be decreased till your APR reaches the Prime Rate plus 9.74% (presently 15.24% variable APR primarily based on the Prime Rate of 5.5% as of August 2, 2022). 

The best credit cards with 0% APR provides

Here’s a roundup of cards with comparatively low-interest charges, together with their introductory APR provide and their rate of interest ranges for comparability.

  • Discover it® Cash Back: Discover it® Cash Back, then a Discover it® Cash Back APR
  • Capital One VentureOne Rewards Credit Card: Capital One VentureOne Rewards Credit Card, then a 14.49% – 24.49% (Variable) APR
  • Blue Cash Preferred® Card from American Express: 0% intro APR on purchases and steadiness transfers for 12 months from account opening , then a 13.99% to 23.99% variable APR APR
  • Citi® Double Cash Card: Citi® Double Cash Card(when transfers are accomplished inside 4 months from date of account opening), then a 13.99% – 23.99% (Variable) APR
  • Capital One Quicksilver Cash Rewards Credit Card: Capital One Quicksilver Cash Rewards Credit Card, then a 15.49% – 25.49% variable APR APR
  • Citi® Diamond Preferred® Credit Card: Citi® Diamond Preferred® Card, then a 14.74% – 24.74% Variable APR APR
  • Chase Freedom Flex℠: Chase Freedom Flex℠, then a 14.99% – 23.74% APR

For comparability’s sake, listed here are some credit cards, together with some rewards cards, with out intro APR provides and with APRs that begin a lot larger than these on the cards above: 

  • Capital One Venture Rewards Credit Card: No intro APR provide; then a 17.24% to 24.49% variable APR
  • Chase Sapphire Preferred® Card: No intro APR provide; then a variable APR of 15.99%-22.99% Variable APR
  • Capital One® QuicksilverOne® Cash Rewards Credit Card: No intro APR provide; then a 22.99% variable APR APR

Credit card issuers are allowed to cost no matter rate of interest they need; they solely must disclose the speed within the card’s terms and conditions. You ought to all the time be sure to know the rate of interest vary of the cardboard you apply for, and if you obtain the cardboard, examine the speed you had been accredited for.

Intro 0% APR credit cards steadily requested questions (FAQ)

Should you employ an introductory 0% APR credit card provide?

Before you’re taking benefit of an introductory 0% APR credit card provide, it is essential to contemplate the next:

  • Know your provide. Make certain to learn the high-quality print and perceive precisely how lengthy your provide lasts. Also, be sure to perceive your new rate of interest as soon as the 0% intro APR involves a screeching halt. 

  • Take debt compensation significantly. Pay down all your debt (or as a lot debt as you may) earlier than your 0% intro provide runs out. Once it ends, your card’s APR will revert to the usual variable charge, which is far larger.

  • Stop utilizing credit cards. While it could make sense to make use of a 0% intro APR credit for a big expense for those who get zero curiosity on purchases for a restricted time, it is best to keep away from utilizing cards for normal purchases except you will have the money to pay your credit card steadiness off in full every month. If you let 0% intro APR go to your head, you possibly can wind up with a ton of new debt you did not plan for. 


Why are credit card rates of interest so excessive?

Just a number of brief years in the past, there was a time when having excellent credit meant your credit card rate of interest was low. Some individuals even chosen cards primarily based not solely on miles, rewards, and money again, but in addition on the very rate of interest a card charged yearly.

My, how issues have modified. Good credit nonetheless rocks, of course, however at the moment, interest rates on credit cards are some of the best they have been previously quarter-century. The rate of interest in your credit card varies by the cardboard issuer, and the higher your credit rating, the decrease the rate of interest you are prone to obtain. Well, inside these traditionally excessive charges, of course.

In 2009, Congress handed the Credit Card Accountability Responsibility and Disclosure (CARD) Act, which in essence restricted card issuers from altering the phrases, together with the rate of interest, in your card after you opened it. Hard to consider that was as soon as allowed.

Now that it is tougher for card issuers to lift charges in response to financial downturns, they’ve raised the charges on new accounts throughout the board.

What are credit card APRs proper now?

In this time of traditionally excessive credit card charges, the very best credit card rates of interest are nonetheless supplied to these with high credit scores, normally thought-about 700 or above. What’s extra, rewards credit cards could have some of the upper APRs out there, since card issuers are conscious that customers with good credit are sometimes utilizing these cards for rewards and paying them off month-to-month.

While charges could fluctuate in line with the kind of card you get, the average credit card interest rate clocks in at round 16%.

The downside is that if you apply for a card, you may solely see the cardboard’s vary of curiosity. You will not know the precise rate of interest you are prone to obtain till you are accredited and really obtain your card.

You can take an informed guess that in case your credit rating is 700 and above, you will most likely get the bottom of the vary for that card. If your scores fall within the mid to excessive 600s, you will doubtless hit the cardboard’s mid-range rate of interest, and in case your scores are decrease than the mid-600s, you may depend on being supplied the best finish of that card’s rate of interest vary.

What is an efficient rate of interest on a credit card?

The common credit card rate of interest is about 16%, so something under that quantity could be thought-about a comparatively good APR. Of course, no APR is best than a low APR, so for those who’re capable of take benefit of an intro APR provide that waives curiosity on steadiness transfers and/or purchases, you will come out even additional forward.

Why is my APR so excessive?

If you’re feeling your credit card’s APR charge is excessive, you are not alone. Because credit card debt is not secured in any manner (not like mortgages, that are secured by property), credit card issuers impose high-interest charges for those who default in your funds.

While credit card APRs are excessive typically, the particular APR you are assigned in your credit card falls inside a spread. The larger your credit rating, the decrease your APR will typically be. That’s as a result of a excessive credit rating typically signifies that you’ve got efficiently paid off your credit card money owed promptly.

How can I decrease my APR?

Beyond making use of for a credit card with an introductory APR provide, you may contact your credit card issuer and request a decrease in your APR. There’s no assure the issuer will determine to decrease your APR, however when you have fee historical past and also you point out that you could be transfer your enterprise elsewhere if you cannot get a decrease APR, you possibly can have a stable case for getting the speed decreased.

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