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The Best 0% APR Credit Cards in August – Best 0% APR Credit Cards From Our Partners
Below, you’ll find application links for the credit cards from our partners that are available through NerdWallet, followed by the full list of our picks. NerdWallet’s ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. You won’t earn ongoing rewards, aside from being able to opt into one-time offers from My Wells Fargo Deals. 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. Select “Apply Now” to learn more about the product features, terms and conditions. New cardholders also get a solid bonus offer. Depending on your spending patterns, you might earn more rewards with a card that pays higher rates in specific categories.
Enjoy 6. No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U. Cash Back rewards do not expire as long as your account is open! Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
See if you qualify for a better offer with Chase:. It’s not an ideal travel buddy because of its foreign transaction fee, which will make international travel more expensive. No categories to track or remember and cash rewards don’t expire as long as your account remains open. Enjoy a premium collection of benefits at a selection of the world’s most intriguing and prestigious hotel properties with Visa Signature Concierge.
All the while during your first year, you’re earning Discover’s signature new-cardholder bonus. Rewards-wise, it can be a hassle to track bonus categories and opt in to them every quarter. Discover helps remove your personal information from select people-search websites. Activate by mobile app for free. Then New cardholders can also earn a cash bonus. You have to opt in to the bonus categories every quarter, which can be a hassle. Keep tabs on your credit health – Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
Terms apply. You can find cards with longer intro APR periods. You can also find cards with higher spending caps — or no caps at all — on bonus rewards. 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.
There’s a nice welcome offer, too. Balance Transfer is back! After that, Enrollment required. If you need to spread out payments on a purchase as long as possible without interest, the U. The card also offers cell phone protection if you use it to pay your wireless bill. After that, a variable APR currently Certain terms, conditions, and exclusions apply. The U. The long-term value of this card depends on your appetite for actively managing your rewards, since you have to choose your own bonus categories.
Still, a little effort can be very rewarding. Every purchase earns 1. Still, simplicity is a primary part of this card’s appeal. No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn. A variable APR of Raise your credit limit.
Click the card name to read our review. You’ll be hard-pressed to find a longer interest-free promotion, and it applies to both purchases and balance transfers. Read our review. And that’s about it.
Our pick for: Ongoing cash back. Now it’s even better, with bonus rewards on travel booked through Chase, as well as at restaurants and drugstores. Our pick for: B onus category cash back. And unlike competitors, there’s no activation schedule or bonus calendar to keep track of.
Our pick for: Highest flat-rate cash back. Our pick for: Flat-rate cash back. The original 1. Our pick for: G rocery and gas rewards. Category activation can be a hassle, but if your spending matches the categories — and for a lot of people, it will — you can rack up hundreds of dollars a year.
In past years, those categories have included common spending areas like grocery stores, restaurants, gas stations and Amazon.
Category activation can be a hassle, but if your spending aligns with those categories and for most households, it probably will , you can rake in serious rewards. You also get the issuer’s signature “cash-back match” bonus in your first year. Our pick for: Customizable cash back.
If you don’t mind putting some work into your rewards, check out the U. It might be the most customizable cash back card available. There’s a good bonus offer for new cardholders, too.
By Funto Omojola , NerdWallet. The annual percentage rate, or APR, is the interest rate your credit card issuer charges on any debt you carry on your card. Some cards charge a single rate for all debt on the card; others charge different rates for different kinds of debt purchases, cash advances, etc.
APRs are listed on your monthly credit card statement. That zero percent rate may apply to purchases, balance transfers or both, but it doesn’t usually apply to cash advances. Issuers commonly set their rates at a certain number of percentage points above the prime rate, which is the rate big banks charge their best customers. Although interest rates are expressed in annual terms, they’re usually charged on a daily basis.
An annual rate of That doesn’t seem like much Most credit cards offer a “grace period” that allows you to avoid paying any interest at all.
If you pay your balance in full each month, then you will not owe any interest on your purchases. If you carry debt over from month to month, then interest will start accruing on purchases as soon as they’re posted to your account. If you’re what the credit card industry refers to as a “transactor” — someone who uses their card for convenience and rewards and pays the bill in full every month — then your APR is pretty much irrelevant, because you’ll never pay a dime in interest.
On the other hand, if you’re a “revolver” — someone who uses cards to float purchases they can’t pay off all at once and carries debt from month to month — then your APR is very important, because it dictates how much you pay in interest. When you’re talking about credit cards, there is no difference between your interest rate and APR. They’re the same thing. That leads to another question: Why do credit card issuers refer to it as the “APR” rather than the interest rate?
Mostly because federal truth-in-lending laws require it. With some financial products, such as mortgages, the APR can be significantly different from the stated interest rate. Those other charges are not included in the credit card APR calculation, in large part because issuers cannot predict who will have to pay them or how much they will pay. Once that introductory period runs out, interest will be charged at the ongoing APR — but only on your balance going forward.
There is no “retroactive” interest. Zero-percent periods on credit cards are different from the “no interest for 12 months” offers you see in stores. Those are what’s known as “deferred interest. If you have any balance remaining at the end of the period, you will be charged interest on your whole purchase, going all the way back to the time of purchase. That could cost you hundreds of dollars.
Purchase APR. This is the rate your card charges when you pay for things with the card. Most credit cards offer a grace period: If you pay your balance in full every month, you won’t have to pay interest on purchases. If you roll over debt from one month to the next, then interest will start adding up on a purchase as soon as you make it. Balance transfer APR.
Credit cards with zero apr for 20 months
Cons Must keep track of quarters and changing categories Bonus categories must be activated each quarter Relatively few benefits. Cons A few other cards offer higher flat rewards rates on base spending. Final Verdict Balance transfer offers are an excellent way to pay off debt without being charged interest. Bank Business Platinum Best for Business Business owners who need extra time to pay off debt or new purchases should apply for the U.
Pay close attention to these areas: Interest charged on purchases while paying off a balance transfer How payments are applied—are purchases or promotional offers paid first Length of your promotional APR offer Whether the offer be revoked if a payment is missed or the balance goes over the credit limit The fees and minimum fee for balance transfers How soon balance transfers must be completed after the opening account Whether all purchases count towards APR promotion or only for a limited time.
Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Related Articles. Investopedia is part of the Dotdash Meredith publishing family. We’ve updated our Privacy Policy, which will go in to effect on September 1, Check it out here. Annual Fee. Balance Transfer Fee. Rewards Earning Rate. This card does not offer a rewards program. Cash Advance Fee.
In general, the lower your credit score, the higher your interest rate will be. Using the extra cash you save not paying interest can help you pay down your debt faster, lower your credit utilization and increase your credit score.
A no-interest credit card is a great tool for financing new purchases, but you need to be careful how you use one. Keep in mind that you’ll need to make minimum payments on your balance and pay it off in full before the intro period ends to avoid interest.
The simplest way to avoid interest charges on a credit card is to pay your balance in full by the due date. Once the intro period ends, any lingering balances or new purchases and transfers will incur the regular APR. However this dip is temporary and you’re credit score should rise in a few months. However, if you use a large amount of your credit line on your card for either purchases or a balance transfer, your credit utilization ratio could rise and cause a more significant drop in your credit score.
You can receive an intro APR extension of up to three months with on-time minimum payments during the intro and extension periods. After the introductory period, the interest rate will increase to Balance transfers made within days qualify for the intro rate and fee.
However, needlessly holding onto debt is never a good idea, so be sure to have a plan in place to pay off any debt you have. To determine which credit cards offer the best value, Select analyzed of the most popular credit cards available in the U.
We compared each card on a range of features, including rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit and customer reviews when available. We also considered additional perks, the application process and how easy it is for the consumer to redeem points.
Select teamed up with location intelligence firm Esri. Apply now. Add to compare. The scoring formula takes into account the type of card being reviewed such as cash back, travel or balance transfer and the card’s rates, fees, rewards and other features. Annual fee. Recommended Credit Score. See your approval odds. Why We Like It. Product Details. Cons You won’t earn ongoing rewards, aside from being able to opt into one-time offers from My Wells Fargo Deals.
Our pick for Ongoing cash back. Cons Depending on your spending patterns, you might earn more rewards with a card that pays higher rates in specific categories. See if you qualify for a better offer with Chase: Get Pre-Qualified.
Our pick for Highest flat-rate cash back. Cons It’s not an ideal travel buddy because of its foreign transaction fee, which will make international travel more expensive. Our pick for Bonus category cash back. Cons Rewards-wise, it can be a hassle to track bonus categories and opt in to them every quarter.
No annual fee. Click “Apply Now” to see terms and conditions. Cons You have to opt in to the bonus categories every quarter, which can be a hassle. Cons You can find cards with longer intro APR periods. Our pick for Grocery and gas rewards. No Annual Fee. Terms Apply. Limited Time Offer! Terms and conditions apply. Our pick for Customizable cash back. Cons The long-term value of this card depends on your appetite for actively managing your rewards, since you have to choose your own bonus categories.
Our pick for Flat-rate cash back. How to avoid paying credit card interest entirely. Whats’s the difference between interest and APR? Glossary of APR terms. Introductory APR period.
Balance transfer fee. Required credit profile. Penalty policies. Free credit score. 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. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.
Performance information may have changed since the time of publication. Past performance is not indicative of future results. Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. Was this article helpful? Share your feedback. Send feedback to the editorial team. Rate this Article. Thank You for your feedback! Something went wrong. Please try again later.
The Forbes Advisor editorial team is independent and objective. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions. Annual Fee. A standout cash back card with one of the highest unlimited rewards rates we’ve come across.
Read Full Review. Intro APR extension of up to 3 months with on-time minimum payments during the intro and extension periods. Welcome Offer. The card also includes an innovative intro APR extension with on-time payments.
On Citi’s Secure Website. Great for: Balance transfers and cash back. On Discover’s Secure Website. Rewards Info Icon Circle with letter I in it. Get the best of both balance transfer and cash back worlds with this card. Not only do you get a great intro APR on balance transfers, but you also get a rich cash back program.
Great for: Cash back versatility with a big bonus. On Chase’s Secure Website. Deserves to be top of wallet for many cardholders due to some of the highest cash back rates for essentials, a big sign-up bonus, and no annual fee. Great for: Purchases and balance transfers. Bank’s Secure Website. After that, a variable APR currently With a 20 billing cycle intro APR offer for both balance transfers and purchases, this is one of the best low interest credit cards we’ve come across.
That means you don’t need to pay off your full credit card balance every month to avoid interest during the intro period, as you would with other credit cards incurring interest charges. All you need to do is make the minimum payment every month. There are situations where you can be charged interest by your credit card company:.
The card issuer can then start charging you interest on your remaining balance and any new purchases you make. You can stretch your payments out over the card’s introductory period, and you’ll avoid paying interest as long as you pay off your balance before it ends. During the card’s introductory period, you can carry a balance on your purchases from month to month without incurring any interest charges.
The length of the intro period varies by card. Assuming you can pay off your full balance within the intro period, you won’t pay any interest. This can save you hundreds or thousands of dollars compared to what standard credit card interest rates would cost you. Credit card interest is the fee you pay when you borrow money using your credit card. Every billing cycle, the card issuer will apply the credit card APR to any transactions eligible for interest charges.
APR stands for annual percentage rate, and on credit cards, it serves as the interest rate. Most credit cards have a variable APR. With a variable APR, your interest rate can change over time. Many credit cards also charge a different variable APR for each type of transaction purchases, balance transfers, and cash advances.
Best 0% APR Credit Cards of August 0% APRs Until At Least – Card Details
Discover helps remove your personal information from select people-search websites. Activate by mobile app for free. Then New cardholders can also earn a cash bonus. You have to opt in to the bonus categories every quarter, which can be a hassle. Keep tabs on your credit health – Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more. Terms apply. You can find cards with longer intro APR periods.
You can also find cards with higher spending caps — or no caps at all — on bonus rewards. 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.
There’s a nice welcome offer, too. Balance Transfer is back! After that, Enrollment required. If you need to spread out payments on a purchase as long as possible without interest, the U. The card also offers cell phone protection if you use it to pay your wireless bill.
After that, a variable APR currently Certain terms, conditions, and exclusions apply. The U. The long-term value of this card depends on your appetite for actively managing your rewards, since you have to choose your own bonus categories.
Still, a little effort can be very rewarding. Every purchase earns 1. Still, simplicity is a primary part of this card’s appeal. No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn. A variable APR of Raise your credit limit.
Click the card name to read our review. You’ll be hard-pressed to find a longer interest-free promotion, and it applies to both purchases and balance transfers.
Read our review. And that’s about it. Our pick for: Ongoing cash back. Now it’s even better, with bonus rewards on travel booked through Chase, as well as at restaurants and drugstores.
Our pick for: B onus category cash back. And unlike competitors, there’s no activation schedule or bonus calendar to keep track of. Our pick for: Highest flat-rate cash back. Our pick for: Flat-rate cash back. The original 1. Our pick for: G rocery and gas rewards. Category activation can be a hassle, but if your spending matches the categories — and for a lot of people, it will — you can rack up hundreds of dollars a year. In past years, those categories have included common spending areas like grocery stores, restaurants, gas stations and Amazon.
Category activation can be a hassle, but if your spending aligns with those categories and for most households, it probably will , you can rake in serious rewards.
You also get the issuer’s signature “cash-back match” bonus in your first year. Our pick for: Customizable cash back. If you don’t mind putting some work into your rewards, check out the U. It might be the most customizable cash back card available.
There’s a good bonus offer for new cardholders, too. By Funto Omojola , NerdWallet. The annual percentage rate, or APR, is the interest rate your credit card issuer charges on any debt you carry on your card.
Some cards charge a single rate for all debt on the card; others charge different rates for different kinds of debt purchases, cash advances, etc. APRs are listed on your monthly credit card statement.
That zero percent rate may apply to purchases, balance transfers or both, but it doesn’t usually apply to cash advances. Issuers commonly set their rates at a certain number of percentage points above the prime rate, which is the rate big banks charge their best customers. Although interest rates are expressed in annual terms, they’re usually charged on a daily basis.
An annual rate of That doesn’t seem like much Most credit cards offer a “grace period” that allows you to avoid paying any interest at all. If you pay your balance in full each month, then you will not owe any interest on your purchases. If you carry debt over from month to month, then interest will start accruing on purchases as soon as they’re posted to your account. If you’re what the credit card industry refers to as a “transactor” — someone who uses their card for convenience and rewards and pays the bill in full every month — then your APR is pretty much irrelevant, because you’ll never pay a dime in interest.
On the other hand, if you’re a “revolver” — someone who uses cards to float purchases they can’t pay off all at once and carries debt from month to month — then your APR is very important, because it dictates how much you pay in interest.
Bank Business Platinum Card. Student Loans. Credit Card News. Rewards Credit Cards. Travel Credit Cards. Your Money. Personal Finance. Your Practice. Popular Courses. Final Verdict. Editorial Picks. Frequently Asked Questions. Next Steps. Credit score is one of the many factors lenders review in considering your application. Rewards Earning Rate This card does not offer a rewards program. Pros and Cons. Cons No rewards program, few perks Limited value after the intro period ends.
Best for Business : U. Cons No rewards or bonus U. Bank’s small business customer service has been rated below par. None for balances transferred at the Transfer APR. Pros Excellent cash back rewards on dining, groceries, streaming, and entertainment No foreign transaction fees. Cons Excellent credit needed to qualify. Current Offer Discover will match all the cash back you’ve earned at the end of your first year, automatically.
Cons Must keep track of quarters and changing categories Bonus categories must be activated each quarter Relatively few benefits. Cons A few other cards offer higher flat rewards rates on base spending. Final Verdict Balance transfer offers are an excellent way to pay off debt without being charged interest.
Bank Business Platinum Best for Business Business owners who need extra time to pay off debt or new purchases should apply for the U. Pay close attention to these areas: Interest charged on purchases while paying off a balance transfer How payments are applied—are purchases or promotional offers paid first Length of your promotional APR offer Whether the offer be revoked if a payment is missed or the balance goes over the credit limit The fees and minimum fee for balance transfers How soon balance transfers must be completed after the opening account Whether all purchases count towards APR promotion or only for a limited time.
Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. You’ll need to come up with a plan to pay off credit card debt. The amount you need to pay each month in order to have a zero balance at the end of the intro period depends on the length of the intro period. If you don’t, expect to be hit with the regular purchase APR.
And if you have a store card , you could be hit with a bill for all the interest you accrued since the date you made your purchase or transfer known as deferred interest. None of the cards on this list charge cardholders deferred interest. Learn more: 5 things to do once your balance transfer is complete.
After you determined which credit card you want to apply for, compare cards by these key factors:. These cards can help you consolidate credit card debt with a balance transfer, pay for new purchases over time without incurring interest charges or both. Balance transfer credit cards may set a limit on the amount of debt you can transfer, which is often less than your overall credit limit.
In general, the lower your credit score, the higher your interest rate will be. Using the extra cash you save not paying interest can help you pay down your debt faster, lower your credit utilization and increase your credit score. A no-interest credit card is a great tool for financing new purchases, but you need to be careful how you use one. Keep in mind that you’ll need to make minimum payments on your balance and pay it off in full before the intro period ends to avoid interest.
The simplest way to avoid interest charges on a credit card is to pay your balance in full by the due date. Once the intro period ends, any lingering balances or new purchases and transfers will incur the regular APR. However this dip is temporary and you’re credit score should rise in a few months. However, if you use a large amount of your credit line on your card for either purchases or a balance transfer, your credit utilization ratio could rise and cause a more significant drop in your credit score.
You can receive an intro APR extension of up to three months with on-time minimum payments during the intro and extension periods. After the introductory period, the interest rate will increase to Balance transfers made within days qualify for the intro rate and fee. However, needlessly holding onto debt is never a good idea, so be sure to have a plan in place to pay off any debt you have.
To determine which credit cards offer the best value, Select analyzed of the most popular credit cards available in the U. We compared each card on a range of features, including rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit and customer reviews when available. We also considered additional perks, the application process and how easy it is for the consumer to redeem points.
Select teamed up with location intelligence firm Esri. The company’s data development team provided the most up-to-date and comprehensive consumer spending data based on the Consumer Expenditure Surveys from the Bureau of Labor Statistics.
You can read more about their methodology here.