If you’re carrying a balance on a credit card (or cards), it’s likely you’re wasting your hard-earned money on interest fees. Did you know there’s a way to avoid paying interest? 0% intro APR credit cards can save you a ton of money because they don’t charge any interest for the term of the card’s 0% intro APR period, which means they can help you pay down (or off) your balance as well as save you some dough on new purchases. Right now credit card issuers are offering surprisingly long 0% intro APR periods, and the best part is you don’t need excellent credit to get them. If you have good credit — usually thought to be a score around the 700s — you can save some serious cash with two cards that have 0% intro APRs so generous you won’t pay a dime of interest on balance transfers or purchases until 2019! There’s even a great card for those with average credit, typically considered to be a score above 670, who also want to earn cash back.
We’ve researched the top 0% intro APR credit cards on the market, and narrowed the field down to the best 5 options. These cards will give you the biggest bang for your buck, and as we mentioned above, are available to those with just good (or even average) credit.
Best for Paying No Interest Until 2019
Citi Simplicity Card – No Late Fees Ever
If you want to transfer your balance to a card with a REALLY long 0% intro APR that’s available to those with good credit, the Citi Simplicity Card (a NextAdvisor advertiser) is the perfect fit. You’ll enjoy an incredible 21-month 0% intro APR on both balance transfers and purchases. That means you’ll sail interest-free straight into 2019, saving a bunch of money in the process. The Citi Simplicity Card has a 3% balance transfer fee, but when compared to the interest you’d pay on your current credit card for 21 months, this one-time fee is no big deal — and you’ll still save a ton of money. If you’d prefer a card without this fee, check out Chase Slate, which is also described below. In addition to the super long 0% intro APR, the Citi Simplicity Card also has no late fees — ideal for anyone who might be a bit tardy with their payments — no annual fee and no penalty rates for late payments. Add free monthly Equifax FICO Scores to all these benefits, and the Citi Simplicity Card – No Late Fees Ever is a smart pick for anyone with less-than-perfect credit who wants to save money on interest fees.
Citi Diamond Preferred Card
Just like the Citi Simplicity Card, the Citi Diamond Preferred Card offers a ridiculously long 21-month 0% intro APR on balance transfers and purchases. This phenomenal 0% into APR is available to you if you have just good credit, and the card has no annual fee. Note that there is a 3% balance transfer fee, but this is a pretty standard charge, as we noted above. Additional card perks include the ability to select your payment date, allowing you to sync it up with your paycheck, a personal concierge service, extended warranty protection and free monthly Equifax FICO Scores. The Citi Diamond Preferred Card will hit the spot if you want a card with a crazy long 0% intro APR term and a low ongoing APR.
The following cards won’t take you all the way to 2019 interest-free, but they do have super long 0% intro APRs and other benefits.
Best for No Balance Transfer Fees
This card is the perfect fit for anyone who doesn’t want to pay to transfer their credit card balance. That’s because in addition to having no annual fee, Chase Slate charges absolutely no balance transfer fees as long as you make your transfers in the first 60 days you have the card (after that, it’s a 5% balance transfer fee). You’ll also enjoy a lengthy 15-month 0% intro APR on both balance transfers and purchases. Although it’s not quite as long as the 21-month 0% intro APR offered by Citi cards we detailed earlier, the no balance transfer free might make up for it. To find out for sure, use our free and easy Balance Transfer Calculator to see which card will save you the most money.
Best for Long 0% Intro APRs and Cash Back Rewards
Discover it — 18 month Balance Transfer Offer
Providing the same features and benefits usually only given to those with excellent credit, Discover it – 18 month Balance Transfer Offer is an excellent combination of a 0% intro APR, no annual fee and great cash back rewards, and it’s available to those with average to excellent credit (typically a credit score of 670+). First off, you’ll get an 18-month 0% intro APR on balance transfers (note there is a 3% transfer fee) and a 6-month 0% intro APR on purchases. Plus, you’ll earn a very generous 5% cash back in categories that rotate each quarter, up to the quarterly maximum (currently $1,500), and an unlimited 1% back on all other purchases. You do need to sign up each quarter to receive the 5% back, but this is quick and easy to do with reminder emails from Discover. On top of that, Discover will match all of the cash back you earned at the end of your first year. So if you earned $300 cash back in your first year, Discover will match it and give you a total of $600 back! All-in-all, Discover it is the perfect combination of a 0% intro APR and lucrative cash back rewards, and you only need average or better credit to qualify.
Citi Double Cash Card – 18 month BT offer
If you like cash back and 0% intro APRs but don’t want to keep track of rotating categories, the Citi Double Cash Card – 18 month BT offer is right up your alley. It starts off with no annual fee and an 18-month 0% intro APR on balance transfers (there is a 3% balance transfer fee). Although there is no 0% intro APR for purchases, the effective 2% cash back on all purchases might close the deal for you. Here’s how it works: you’ll earn 1% back when you make the purchases and the other 1% when you pay for it. It’s a good fit for anyone who tends to pay their purchases off each month, but even if you don’t, you’ll still get that extra 1% back when you eventually do pay off your purchase. Other card perks include a free monthly Equifax FICO Scores, Citi Price Rewind and a pass on your first late fee.
To see more cards that will help you avoid credit card interest, check our rankings of the best 0% intro APR credit cards. And if you’re planning to transfer a balance, be sure to plug in your transfer amount, monthly payment and credit level into our free Balance Transfer Calculator to see which card will allow you to save the most money.
Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.