A Guide To Choose A Credit Card With An Introductory 0% APR

Jan 31, 2023 By Triston Martin

During the promotional period, you will not be charged interest on your purchases, your balance transfers, or both with a credit card that offers a 0% APR. However, card specifics might vary widely; for example, some cards may provide a more extended introductory period or a broader range of benefits. The yearly and balance transfer fees are only two examples of the costs that might be charged.

How Long Will This Special Rate Be Available?

The length of time for which each card offers an introductory APR of zero percent is a particularly relevant statistic to bear in mind. Some credit cards offer 0% APRs for as long as 21 months, although the market standard is 15 months.

The introductory 0% APR period is significant since it indicates how long you will be interest-free until your credit card interest rate returns to its standard variable APR. For larger purchases that can be paid off in a year or less, 0% APR credit cards with introductory rates of up to 15 months may be a good option.

How Would You Describe This Deal?

Remember that the introductory 0% APR period may apply to purchases and debt transfers. Some cards even offer initial periods of 0 percent interest on both purchases and balance transfers, albeit for varying periods.

You may enjoy an introductory rate of 0% on purchases for 12 months and 0% on balance transfers for 18 months. For better or worse, you need to know the specifics in advance to organize yourself correctly.

What Will Happen If I'm Late With My Payment?

For instance, the Wells Fargo Reflect Card offers a 0% initial APR on purchases and eligible debt transfers for the first 18 months from the account establishment. If you make your minimum payments on time throughout the promotional period, however, you may be eligible for an additional three months of zero interest. In most circumstances, the introductory APR deal will expire if you miss a minimum payment on your credit card.

Is There Anything Good About This?

The term of a credit card's introductory APR offer is often reduced in exchange for the opportunity to earn incentives. However, if you are OK with a shorter essential 0% APR period, you may locate several cards with endless benefits. The Chase Freedom FlexSM is a well-liked credit card that offers a welcome discount on interest charges for the first year.

The Freedom Flex credit card features a 0% initial APR on purchases and debt transfers for 15 months, the highest of which is 5% back on purchases made in the quarterly bonus category that you activate. Once the promotional period ends, the APR will range from 18.74% to 27.49%.

What Credit Score Is Needed To Apply?

While researching the card's terms, you should also consider your chances of being approved for the card's introductory 0% APR offer. However, not everyone may qualify for the finest cards in this space because they often demand high credit scores. To increase your chances of acceptance, you should check your credit score before applying.

Can You Explain The Associated Costs?

Last but not least, before committing to a credit card, be sure you can afford the associated costs. For instance:

Annual charge

Although annual fees aren't often associated with credit cards with 0% APR, there are exceptions.

Fee For Transferring A Balance

This information is relevant to you if you're thinking about using your new credit card with a 0% interest rate to pay off other cards. At the same time, the average balance transfer cost for credit cards is 3%, and a small minority of these cards charge as much as 5%. The charges associated with transferring a balance can be kept to a minimum by selecting a card with the lowest fee.

International Transaction Fees

This is only relevant if you want to use the card in a foreign country or with a business outside the United States. Regular travelers best avoid credit cards that impose such fees.


It's not easy to pick the best 0% APR card, but you can limit your selections by considering your credit score, any fees you'd have to pay, any other benefits you want, and how long the offer lasts.

For added convenience, a list of the best credit cards with no interest rate, ranking and comparing the best options for 2023. Remember that more than one credit card with a 0% APR will suffice in most situations. After completing your homework and verifying that you have excellent enough credit, apply quickly before the offer expires.

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