Credit Cards

How To Get 0 APR On Existing Credit Card

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 5 minute read

Even the most budget-conscious individuals might be taken by surprise by unforeseen situations requiring costly solutions, such as mechanical breakdowns requiring extensive repairs or medical procedures requiring significant out-of-pocket spending. You may have to use a credit card if you don’t have the cash on hand to cover an unexpectedly high cost.

The good news is that you can easily find a credit card that won’t charge you interest on your first purchase or spend. Numerous credit cards offer introductory purchase APR periods of 0%, and many of these offers run for a year or more.

In spite of the fact that promotional APR periods always come to an end, the ability to make large purchases and immediately begin making payments without worrying about escalating interest is priceless.

Best Credit Cards with 0% Purchase Interest

These are currently available 0% purchase APR incentives from the top credit card issuers. Each card excels in one area, such as offering a lengthy introductory 0% APR term or a generous cash-back sign-up bonus in addition to the introductory 0% APR period.

Overall winner: Chase Slate EdgeSM Credit Card

Thanks to a long promotional period during which both purchases and debt transfers incur no interest from the day of account activation, the Chase Slate EdgeSM Credit Card is our top option for introductory APR offers. After that, the standard variable APR kicks in, presently ranging from 17.24% to 25.99%.

And that’s not all. The Slate Edge credit card is also among the top options for its low annual percentage rate.

The interest rate reduction is 2% each year going ahead. Regular cardholders who put $1,000 or more on their cards before their next account anniversary date will automatically be evaluated for a rate reduction.

Citi Simplicity® Card has the longest 0% APR purchase promotion.

After creating an account, the Citi Simplicity® Card’s introductory purchase APR deal lasts for 21 months, the longest of any credit card on the market.

It also offers a great introductory APR incentive for balance transfers: 0% for 12 months from account opening for balances transferred within 120 days of account establishment. In addition,

  • You may use the app’s built-in locking and unlocking features to securely lock and unlock your card.
  • Neither card has a yearly charge.
  • Use Citi Simplicity and never be charged a late fee again.
  • With Citi Entertainment, you have first dibs on tickets to tens of thousands of events.
  • With flexible billing terms and round-the-clock support, we’ve got you covered.

Capital One Quicksilver Cash Rewards Credit Card is the best flat-rate cash-back card for purchases.

If you’re looking for a good cash-back credit card, go no further than the Capital One Quicksilver Cash Rewards Credit Card. The best 0% APR credit card for those looking for consistent returns is the one that offers both a 15-month introductory 0% APR on purchases and debt transfers plus a flat, limitless 1.5% cash back on most transactions. In addition,

  • No yearly charge
  • Spend $500 during the first three months of card membership and receive $200 cash back.
  • No international transaction fees.

Citi® Double Cash Card is the best card for balance transfers with a fixed cash-back rate

One of the greatest debt transfer credit cards is the Citi® Double Cash Card because of its 18-month 0% APR balance transfer deal, which is among the best in the cash-back category. Within the first 120 days after account establishment, only transfers of qualifying balances will be processed.

Double Cash is a great option if you’re looking to consolidate high-interest credit card debt while earning a competitive return on spending and paying a low balance transfer fee. In addition, you may get a cashback bonus of up to 2% for all of your transactions.

Chase Freedom FlexSM Credit Card is the best rotating cash-back card.

There is a significant cash-back program that mixes rotating categories with set levels with the Chase Freedom FlexSM Credit Card. It operates as follows:

  • Get 5% cash back on your first $1,500 spent in bonus cash back categories that rotate every three months.
  • Profit without limits Receive 5% cash back on qualifying purchases made via Chase Travel.
  • Get 3% cash back on all pharmacy and restaurant purchases, including delivery and takeout, forever.
  • Obtain 1% rebates on additional qualified purchases.

Blue Cash Everyday® Card from American Express is the best for grocery shopping.

If you’re looking for a no-annual-fee cash-rewards credit card, go no further than the American Express Blue Cash Everyday® Card. Users can earn rewards at each of its three tiers with the following cash-back policies:

  • U.S. grocery and gas station purchases are eligible for 3% cash back up to a $6,000 yearly maximum, and 1% cash back beyond (terms apply)
  • Online retail purchases in the United States get 3% cash back (terms apply)
  • Other purchases qualify for 1% cash back (terms apply).

It’s obvious that this is a fantastic grocery shop card. As an added bonus, new purchases and debt transfers receive a 0% introductory APR for 15 months (for details, visit the rates and fees page). After the introductory period ends, the standard variable APR will be applied (16.99% to 27.99%, depending on credit history and the then-current rate). There are caveats.

Best for Travelers is Citi Rewards+℠ Card

In the first year, you may earn 5 ThankYou points for every dollar spent on airfare and hotels, up to $6,000, making the Citi Rewards+SM Card one of the finest no-annual-fee credit cards for frequent fliers. If you continue to make these kinds of purchases after that, you’ll still get 1 point for every $1 you spend.

The promotional purchase APR is 0% for 15 months and the balance transfer APR is 0% for the initial debt transfer and then variable after that. After the first period ends, you will be subject to a regular APR based on your creditworthiness and the market rate of interest.

How Long Does a New Credit Card’s 0% Interest Period Last?

Zero-interest terms for the top 0% APR credit cards are 18 months or more. Typically, the promotional period for such a card will last for 20 or 21 months. In any case, it is dependent on the specific card. You may not be approved for the best rates and conditions if your credit isn’t perfect.

How to Select the Best 0% APR Credit Card

It’s obvious that there is no lack of credit cards offering introductory 0% APR rates. What factors should you consider while selecting the greatest 0% APR credit card, assuming that this is the best option for you at the present time?

Get clear on what you want to accomplish first. In preparation for a big purchase or string of purchases, a card with a lengthy 0% APR term on purchases is ideal. You need a balance transfer credit card if you have existing high-interest credit card debt and wish to reduce that debt in a cost-effective manner.

In many cases, these are synonymous. Still, it’s prudent to double-check. Examine the length of the introductory 0% APR offer for each card. A lengthier commitment is preferable unless you’re applying for other reasons, such as a large initial bonus or a loyalty program with recurring benefits.

Finally, consider the additional benefits and fees associated with each card. It’s simple to avoid paying annual fees with a credit card like this, so instead, focus on finding a card with valuable features, like high cash-back rewards or travel perks.

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