Credit cards with zero apr for 20 months
Best 0% APR Credit Cards for Long Intro Periods — August · Best For Up to 21 months of 0% intro APR · Best For Up to 20 months of 0% intro. Best 0% Intro APR Credit Cards · Wells Fargo Reflect Card image High Limit (up to 21 months): Wells Fargo Reflect® Card · U.S. Bank Visa Platinum. 20 months. U.S. Bank Visa® Platinum Card.
Your entire payment except for any fees is applied to your balance. After the introductory period expires, you begin paying a predetermined interest rate. The best zero-interest credit cards tout long promotional APR periods, usually between 14 to 21 months and can save you hundreds or thousands of dollars in interest. Keep reading to learn more and to find the top offers from our partners.
Anyone looking for a lengthy time period to pay off a new purchase or qualifying balance transfer should consider this Wells Fargo card to be a prime pick. This balance transfer card is a good choice for individuals looking to pay down debt or finance a larger purchase and pay it off within the interest-free period. This card offers a generous introductory offer on both balance transfers and new purchases for cardholders committed to paying down a balance over time.
Rewards-savvy cardholders can squeeze serious value out of this card thanks to its generous cash back rate in a variety of rotating categories. Few no annual fee cards offer such a generous cash back rate on both dining and grocery store purchases, making the SavorOne a terrific fit for restaurant lovers and home cooks alike.
On top of that, the card charges no foreign transaction fee, so you can indulge abroad without worrying about fees canceling out your rewards. Eligible rewards categories like home improvement stores and select travel make the card an ideal choice for big expenses like a home renovation or family vacation, while categories like groceries and dining will give the card terrific value long after its intro APR period ends.
Used wisely, the Citi Custom Cash Card should offer terrific value and flexibility in both the short and long term thanks to its varied bonus categories and no-hassle rewards structure. No need to worry about tracking spending, juggling card categories or having an annual fee cut into your savings. If you want a no-hassle way to finance new purchases while earning unlimited cash back on everything you buy, the Quicksilver card could be a great fit.
Along with its solid mix of popular and practical cash back categories, this card could reward your good credit score with a relatively low ongoing APR. This card offers solid rewards on U. Meanwhile, you can rack up even more rewards on extras like travel through Chase, dining and drugstores.
Cardholders also skip the annual fee and late fees. With a lengthy intro APR on balance transfers made within the first four months, plus no late fees or penalties, the Citi Simplicity Card lives up to its name.
You can pick the eligible bonus category that suits you best each month while earning consistent rewards on some of your everyday purchases, making it a smart choice if you want to cover a lot of territory with a single card. This card gives you more control over where and when you earn rewards while still covering some everyday essentials, making it a solid all-purpose cash back card.
This flat rate card with its unlimited 1. Also of note in this intro offer is its unique Unlimited Cashback Match. This card will surely tick off a lot of boxes for a lot of people, particularly anyone hoping to tackle an existing card balance or pay off a splurge item.
With its high rewards rate and generous Cashback Match, cardmembers will absolutely want to stick around long after paying down their transferred balance. Related : Wells Fargo Reflect benefits. Read our U. Related : Discover it Cash Back rewards and benefits guide. Related : Is the BankAmericard credit card worth it?
Related : What credit score is needed for the Chase Freedom Unlimited card? Related : Citi Simplicity vs. Discover it Balance Transfer. When a bank issues a credit card, they charge the cardholder interest for borrowing money. After the promotional period has expired, the cardholder will be charged a different APR, which is considered the ongoing APR.
Cardholders may use a zero-percent intro APR card as a strategy for making a large purchase where they have several months to make interest-free payments or for transferring high-interest credit card debt so they can concentrate the entire monthly payment towards the balance.
You will typically find a zero-percent intro APR credit card offer for new applicants meeting the credit score criteria of the issuing bank. The zero-percent intro APR cards have a defined amount of time where the zero-percent APR offer lasts, which usually ranges anywhere from 12 to 21 months.
The zero-percent intro interest offer may apply to purchases, balance transfers or both. The goal of a zero-percent APR credit card is to save money, but exactly how long someone needs to pay off their credit card balance will depend on their financial situation. Cardholders should also note any missed payments during the promotional period could void the intro offer and possibly activate a penalty APR, which is typically higher than an ongoing APR and adds costly interest charges.
For more information, read our full guide on how 0 APR credit cards work. But it depends on a number of factors, including how much you owe, your current APR, and how long it takes you to pay off your balance. For example, what if you could pay off a balance in full using a credit card with a month APR offer?
Keep in mind that if you do a balance transfer, most issuers charge a fee that will be added to total balance, which will cut into your total savings. Research methodology : We analyzed over 1, zero interest intro APR credit cards to identify some of the best offers on the market. The major factors we considered were:. Other criteria used include other rates and fees, rewards rates, extra benefits and features, customer service, credit needed, ease of application and security features.
There are some intro APR cards that accept lesser credit and even no credit history, but their offers are typically not as rich. Our CardMatch tool can help direct you to credit card offers that best align with your credit profile. This depends on the cardholder and their habits. For those looking to pay off big purchases or emergency expenses, a 0 percent intro APR card is a good fit.
It allows for steady payments over time without worrying about additional interest. Therefore, this card may not be the best long-term card for those who tend to keep balances on their card from month to month. Both can impact your credit score so make sure you know when your introductory period ends. Because most credit cards in the U. Tracy Stewart.
Tracy Stewart is a personal finance writer specializing in credit card loyalty programs, travel benefits, and consumer protections.
He previously covered travel rewards credit cards, budget travel, and aviation news at SmarterTravel Media. Jeanine Skowronski.
Jeanine Skowronski is a credit card expert, analyst, and multimedia journalist with over 10 years of experience covering business and personal finance. Sally Herigstad. Sally Herigstad is a certified public accountant, author and speaker who writes about personal finance for CreditCards. Remove a card to add another to compare. Add at least 2 cards to compare. The offers that appear on this site are from companies from which CreditCards. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories.
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On this page Jump to Our top picks Zero interest credit card details What are zero interest credit cards? Why trust us? Learn more. Our editorial team and our expert review board provide an unbiased analysis of the products we feature. Our comparison service is compensated by our partners, and may influence where or how products are featured on the site.
Learn more about our partners and how we make money. Please note: The star-rating system on this page is based on our independent card scoring methodology and is not influenced by advertisers or card issuers. Our rating: 4. Credit card issuers have no say or influence on how we rate cards.
The score seen here reflects the card’s primary category rating. For more information, you can read about how we rate our cards. Add to compare. More information Close. Apply now at Wells Fargo’s secure site. Intro bonus No current offer. Regular APR Editor’s take. Overall rating Our rating: 4. Introductory Offer: 5. Features: 1. Issuer Customer Experience: 2. Pros The intro APR applies to purchases and qualified balance transfers.
Bottom Line Anyone looking for a lengthy time period to pay off a new purchase or qualifying balance transfer should consider this Wells Fargo card to be a prime pick.
Apply now On Wells Fargo’s secure site. Add to compare. Purchase intro APR. Balance transfer intro APR. Regular APR. Rewards rate. Recommended credit. Good to Excellent – Credit score. Bankrate’s View Cardholders start off receiving 18 months of a 0 percent intro APR on purchases and qualifying balance transfers from account opening then Pros You can secure a lengthy intro rate on purchases and qualifying balance transfers.
Cons The promotional interest offer can feel confusing, given the caveats associated with securing a full 21 months at the intro rate.
Intro APR extension of up to 3 months with on-time minimum payments during the intro and extension periods. An easy way to earn cash back while you shop, dine or enjoy an experience simply by using your Wells Fargo credit card. Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. Best for cell phone bills U. Apply now On U. Bank’s secure site. You need good-to-excellent credit to qualify.
Card details Limited Time Offer! After that, a variable APR currently Certain terms, conditions, and exclusions apply. Terms and conditions apply.
Apply now On Discover’s secure site. Bankrate’s View Start with the introductory zero-interest offers on purchases and balance transfers for 15 months Pros Discover cards carry a number of consumer-friendly terms, including no annual fee, no foreign transaction fees and no penalty APR. Discover will match the amount of cash back you receive at the end of your first year. 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.
Discover helps remove your personal information from select people-search websites. Activate by mobile app for free. Then No annual fee. Click “Apply Now” to see terms and conditions. Apply now On Capital One’s secure site.
The card touts a number of consumer-friendly terms, including no annual fee and no foreign transaction fees. Apply now On Citi’s secure site. Pros This cash back card is a great way to earn rewards without an annual fee.
After that, the variable APR will be 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. Pros No need to worry about bonus categories with this card. Cons Following the introductory APR period, you might find the You can get more value, as far as perks and rewards go, with other cash back cards.
Cons The sign-up bonus requires a high spend, compared with other no annual fee cash rewards cards. Bankrate’s View The Citi Diamond Preferred Card can be very functional in helping you temporarily avoid interest charges.
Cons Complicated rewards Spending caps on bonus rewards Lower acceptance abroad. No penalty APR. Paying late won’t automatically raise your interest rate APR. Other account pricing and terms apply. Contactless Cards – The security of a chip card, with the convenience of a tap. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center.
You can take advantage of this offer when you apply now. Limited Time Offer! After that, a variable APR currently Certain terms, conditions, and exclusions apply. Rewards Unlimited 1. On the American Express secure site. Create a repayment plan You’ll need to come up with a plan to pay off credit card debt. Are you carrying debt from a high interest credit card?
Then you should consider a balance transfer credit card with up to 20 months no interest. Do you plan on making a large purchase? Do you carry a balance month to month? After you determined which credit card you want to apply for, compare cards by these key factors: Length of intro APR period: Cards can have intro periods anywhere from three months to 20 months.
For new purchases or lingering debt, the longer the better, but if you’re completing a balance transfer, consider the cost of any balance transfer fees before applying. Balance transfer fee: Many balance transfer cards charge a fee per transfer. This fee can be outweighed by the amount you save in interest, but make sure to do the math.
If you want to avoid fees, check out the best no-fee balance transfer credit cards. Make sure to review the annual fees associated with the cards. While these are nice benefits, paying off debt should be your primary goal.
Our methodology To determine which credit cards offer the best value, Select analyzed of the most popular credit cards available in the U. Splash Financial. Then No annual fee. 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. Cash-back match means double the rewards at the end of your first year Flexible cash-back redemption options No foreign transaction fee. Just a dollar-for-dollar match.
Apply Now On Citibank’s Website. High regular APR No rewards program. After that the variable APR will be Generous welcome offer Unlimited 1. Foreign transaction fee High cash advance fee Ongoing balance transfer fee is high. Enjoy 6. Earn an extra 1. That’s 6. Credit Card. Credit Score. Earn 10, points.
Check for fees. Consider which perks you want. Consider your spending style. If your goal is earning rewards on your purchases while avoiding interest, it can help to think about the type of purchases you planned to make. Some cards offer more rewards in specific bonus categories, so you should choose a card that will give you the most bang for your buck.
Look at the ongoing variable APR. Frequently Asked Questions. Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. Ongoing APR. This is the “regular” rate that goes into effect once any introductory APR period expires.
Variable APR. Most credit card interest rates are tied to the prime rate. When the prime rate goes up or down , your credit card’s interest rate will usually go up or down an equal amount.
Many of the cards on this list are good for transfers, but check out our best balance transfer credit cards for further options. If you find you’re consistently carrying a balance a from month to month, look for a card with a low ongoing interest rate. Read the fine print before applying. If you expect that you’ll be carrying a balance regularly, the ongoing APR is an important consideration. If you’ll need to transfer a balance, this fee is an important consideration.
Depending on the APR on the card you transfer the debt to and how long it takes you to pay it off, you could save more in interest than you pay in transfer fees. A few cards charge no transfer fee. Of course, if you’re only interested in purchases rather than transfers, this fee is irrelevant. Some cards even require excellent credit, generally defined as or better.
It’s important to pay your bill on time every month. If punctuality is an issue for you, look into a card’s penalty policies and, for your own sake, work on your punctuality.
Saving money is the primary reason to get a low-interest credit card, so you shouldn’t be paying an annual fee on such a card. Most major credit card issuers and many smaller ones give cardholders free access to a credit score. When you’re looking to manage debt with a low-interest card, it’s smart to keep an eye on your score.
When you’re using the card to finance a big purchase, those benefits can amount to an instant discount on the purchase. With any card, watch your balance. Looking to transfer a balance to save money? Our roundup of the best balance transfer cards evaluates cards — including many of the cards on this page — with that specific goal in mind.
You might not. If you pay your balance in full every month, the APR on your credit card doesn’t matter, because you’re never actually charged interest. In that case, consider a rewards credit card , which gives you a little something back very time you make a purchase.
Rewards cards fall into two major categories: cash back credit cards and travel credit cards. On the other hand, if you’re prone to carrying a balance from month to month, you might be better off with a card that has a low ongoing interest rate.
Learn how NerdWallet rates credit cards. Zero-percent cards are good for people who want to spread out payments on a large purchase or gain breathing room to pay down debt without interest. That roughly translates to a credit score of or better — although credit scores alone do not guarantee approval for any credit card. In fact, closing the account could hurt your credit score by reducing the amount of credit you have available, which could increase your credit utilization.
If the card charges a fee, however, or if you fear that the open credit line will tempt you to overspend, then closing it might be the best action. Show summary. Credit card NerdWallet rating NerdWallet’s ratings are determined by our editorial team. Apply now.