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Start The Year Interest Free -The Top Ten 0% APR Credit Cards [2023]

- Jan 10, 2023 Balance Transfers, Credit Card Info0 comments

It’s a fresh year and it’s time for change. If you’re paying high interest on credit cards then this post is for you. 

Have you ever heard of the term 0% APR and wondered what it means? Before we list the top ten 0% APR cards, we’ll discuss the simple meaning of 0% APR so that you actually get what it means and see how you can benefit from it.

Spill the beans- what does 0% APR mean?

If you’re above the age of two, you know what 0 means. And if you’re above the age of 10, you know what % means. So the 0% is not the difficult part.

Now for the term “APR” it stands for Annual Percentage Rate, and it means the interest rate that you pay on your credit card. 

If a person pays 24.99% interest on their credit card, then their credit card APR is 24.99%. 

If a credit card has 0% APR then you pay 0% interest.

Hold it. How is that possible?

You’d think these credit card companies are smarter than that. Why would they offer 0% APR? What’s the catch? 

The answer is that there is no catch. When a person gets an introductory 0% APR promo, they really don’t pay interest until the promo expires.

Why do the banks offer it?

The answer is a simple one. The way banks make money (lots and lots of it) is by charging interest. A great way to catch a fish (i.e. a customer) is by offering a 0% APR promo.

The idea is to get the people to spend freely and to rack up a bill. 

While you’re spending all that money (knowing you have no interest rate) the bank is murmuring prayers. They hope that you won’t be able to pay up the balance when the offer expires and at that point, they’ll start raking it in (from the interest rates applied to your extremely high bill).

But you can outsmart the bank by being a savvy consumer and making sure to pay up the bill before the promo is up or balance transfer it to a new card with a 0% APR promo.

What’s the difference between 0% APR on purchases and balance transfers?

Some cards offer 0% APR on purchases, some offer 0% APR on balance transfers, and some offer 0% APR on both purchases and balance transfers.

Purchases are items you buy and use the card to pay.

Balance transfers are balances that you carry with another credit card that you would like to transfer to the new card in order to get the 0% APR. 

Depending on your goals, you need to make sure that the card you choose offers 0% APR on the proper type of transactions. For example, if you are planning to transfer an existing balance from another credit card to the new card, then make sure to apply for a card that offers 0% APR on balance transfers.

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Top 10 Credit Cards For 0% APR

Let’s dive in and get you the top 10 cards with the longest 0% APR period.

21 months of 0% APR

1. Citi Simplicity

Intro 0% APR offer: Intro 0% APR for 21 months on balance transfers from when the first balance transfer is made (up to 4 months from account opening). And, intro 0% APR for 12 months on purchases from the date of account opening (after that 18.24% to 28.99% variable).

Annual fee: $0

Credits limits approved for on this card as reported in our credit card database: $500-$12,300, with an average of $6,200

Check it out>>

2. Bank AmeriCard

Intro 0% APR offer: Intro 0% APR for 21 months on purchases and balance transfers (after that 15.74% to 25.74% variable).

Annual fee: $0

Credits limits approved for on this card as reported in our credit card database: $1,200-$16,000, with an average of $7,873

Check it out>>

3. Citi Diamond Preferred Card

Intro 0% APR offer: Intro 0% APR for 21 months on balance transfers from when the first balance transfer is made (up to 4 months from account opening). And, intro 0% APR for 12 months on purchases from the date of account opening (after that 17.24% to 27.99% variable).

Annual fee: $0

Credits limits approved for on this card as reported in our credit card database: $500-$18,500, with an average of $7,954

Check it out>>

4. Wells Fargo Reflect Card

Intro 0% APR offer: Up to 21 months 0% APR. Intro 0% APR for 18 months on purchases and balance transfers. Plus the Intro 0% APR can be extended up to 3 months when you make on-time minimum payments during the introductory and extension periods (after that 17.24% to 29.24% variable).

Annual fee: $0

Credits limits approved for on this card as reported in our credit card database: $1,500-$50,000 with an average of $12,017

Check it out>>

18 months of 0% APR

5. Citizens Bank Clear Value

Intro 0% APR offer: Intro 0% APR for 18 months on purchases and balance transfers (after that 16.99% to 24.99% variable).

Annual fee: $0

Credits limits approved for on this card as reported in our credit card database: $6,000-$25,000, with an average of $12,905

Check it out>>

6. Citi Double Cash Card

Intro 0% APR offer: Intro 0% APR for 18 months on balance transfers (after that 18.24% to 28.24% variable).

Annual fee: $0

Credits limits approved for on this card as reported in our credit card database: $500-$22,000, with an average of $6,604

Check it out>>

7. Bank Of America Customized Cash Rewards Credit Card

Intro 0% APR offer:  Intro 0% APR for 18 months on purchases and balance transfers (after that 17.74% to 27.74% variable).

Annual fee: $0

Credits limits approved for on this card as reported in our credit card database: $400-$45,000, with an average of $10,665

Check it out>>

8. Bank of America Travel Rewards Card

Intro 0% APR offer: Intro 0% APR for 18 months on purchases and balance transfers (after that 17.74% to 27.74% variable).

Annual fee: $0

Credits limits approved for on this card as reported in our credit card database: $500-$27,500 with an average of $12,335

Check it out>>

9. Chase Slate Edge

Intro 0% APR offer: Intro 0% APR for 18 months on purchases and balance transfers (after that 18.74% to 27.49% variable).

Annual fee: $0

Credits limits approved for on this card as reported in our credit card database: $1,500-$12,000 with an average of $7,660

Check it out>>

10. U.S. Bank Visa Platinum Card

Intro 0% APR offer: Intro 0% APR for 18 months on purchases and balance transfers (after that 18.74% to 28.74% variable).

Annual fee: $0

Credits limits approved for on this card as reported in our credit card database: $1,000-$11,200 with an average of $6,077

Check it out>>

Some tips for applying

  • If you get approved for one Bank of America card then do another one. Bank of America will only pull your credit once per 30 days and they will usually approve the second application.
  • You can freeze Experian in order for Bank of America to pull Transunion. 
  • If you get approved for one Chase card then do a second one. Chase usually only pulls once per day and it’s very likely you will get approved for the second card. 

See many more tips here.

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Frequently asked questions
Does it affect my credit score if I don’t pay off a zero percent APR credit card?
You need to make just minimum payments. The balance does not affect your credit more than a regular balance
If I have a 0% APR, and they close my account within a few months, do I have to pay the balance in full or can I still pay it slowly with 0% APR?
You will stay with the 0% APR and you can pay it slowly based on the same old terms
Does the intro 0% APR period start from the date approved or the date I activate the card?
From date approved

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Sam Sam has nearly a decade's worth of experience educating his many readers on everything credit. Sam spends his days checking out credit cards for a full report, from the minute benefit details to the shebang of welcome bonuses. Plus studying the ins and outs of building proper credit. It’s his favorite pastime and he loves sharing it with others.

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