The Best 0% APR Credit Cards in August 2022

final verdict

Balance transfer offers are a great way to pay off debt without paying interest. Promotional periods vary, but most offer at least 12 months of financing at 0% APR, so each payment goes towards reducing your balance instead of paying interest to the bank. Since there are many balance transfer credit cards out there, there should be one that fits your goals.

The Citi Diamond Preferred Card is our pick as the best overall credit card for balance transfers. It includes a 0% APR promotion for 21 months on balance transfers and 12 months on purchases. The fee for balance transfers is 5% (min. $5) and there is no annual fee. Plus, you have four months to make your first balance transfer before the 21-month Balance Transfer promotional period begins.


Compare the Best 0% APR Credit Cards

Credit card Introductory APR Offer Regular APR Standout Features
Citi Diamond Preferred Card Best overall 0% APR on balance transfers for 21 months and for 12 months on purchases 15.99% – 25.99% variable 0% APR Extended Promotional Offer
U.S. Bank Visa® Platinum Card Longest 0% introductory rate 0% APR for 20 months on purchases and balance transfers 16.74% to 26.74% Mobile phone protection
US Bank Business Platinum Ideal for business 0% introductory APR for 20 billing cycles on purchases and balance transfers 14.24% to 23.24% Current low TAP
Capital One SavorOne Cash Rewards Credit Card Ideal for catering awards 0% APR purchases and transfers for 15 months 16.49% to 26.49% Earn 3% cash back on dining, entertainment, popular streaming services, and grocery stores, plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023.
Find out® Cash Back Best for cash back bonus 0% APR on purchases and transfers for 15 months 13.49% to 24.49% Automatic match for all cash back earned in the first year
Hunt Unlimited Freedom® Ideal for travel 0% intro APR for 15 months on purchases and transfers 16.49% to 25.24% 5% cash back on travel purchased through Chase, 3% cash back on restaurants and drugstores, 1.5% cash back on everything else


Editorial Picks for the Best 0% APR Credit Cards

Citi Diamond Preferred Card

Best overall

The Citi Diamond Preferred Card offers 0% APR on balance transfers for 21 months and on purchases for 12 months. Cardholders have four months to complete balance transfers and the 21-month promotional period begins on the date of the first transfer.

Read all Citi Diamond Preferred Card Review.

U.S. Bank Visa® Platinum Card

Longest 0% introductory rate

The US Bank Visa Platinum card offers the longest introductory period of 0% on purchases and additional benefits, such as cell phone protection. Although the card has limited value after the promotion, cardholders have 20 months of 0% APR funding on purchases and balance transfers to pay off account balances without incurring regular interest charges.

US Bank Business Platinum

Ideal for business

Business owners who need more time to pay off debt or new purchases should request the US Bank Business Platinum. It has no annual fee and offers 0% APR on purchases and balance transfers for 20 cycles.

CapitalOne

Ideal for catering awards

The CapitalOne offers the best dining rewards for cards at 0% APR with 3% cash back on restaurants, entertainment, popular streaming services and at grocery stores, plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023. You’ll also earn a $200 cash bonus once you spend $500 on purchases within 3 months of opening. Account.

Find out Cash Back

Best for cash back bonus

The Find out Cash Back is our pick for the best cash back bonus because you earn 5% cash back on your everyday purchases at different places every quarter, like Amazon.com, grocery stores, restaurants, gas stations, and when you pay with PayPal, up to the quarterly maximum when you activate. Earn 1% cash back on all other purchases, automatically. Plus, any cash back you earn is doubled at the end of the first year, meaning you can actually earn 10% cash back on select purchases with this card in the first year.

Chase unlimited freedom

Ideal for travel

The Chase unlimited freedom earn 5% on travel purchases through Chase Ultimate Rewards. Earn 3% on restaurants and eateries, including eligible takeout and delivery services. Earn 3% on pharmacy purchases. Earn 1.5% on all other purchases. Cash back can also be used to book flights, hotels and more on the Chase website.


Frequently Asked Questions

What is a 0% APR credit card?

A 0% APR credit card offers a promotional interest rate on balance transfers, purchases or both for a set period of time. Purchases and balance transfers are not charged interest during the promotion. However, balance transfers often incur a fee of 3% to 5% of the transferred balance. When the promotion expires, your interest rate reverts to the standard APR.

Does a 0% APR hurt your credit score?

The credit bureaus do not know the interest rate applied to your balances. When you take advantage of a 0% APR offer via a new credit card, your credit score is mainly affected in two ways. First, by opening a new account, you will have a new credit application and you can reduce the average age of your accounts. More importantly, if the balance transfer amount is close to the credit limit, your utilization rate may increase, which could lower your credit score.

How do I use a 0% APR credit card?

When using a 0% APR credit card, it’s worth looking at the fine print. These details can make the difference between a good deal and a bad deal. Pay particular attention to these areas:

  • Interest charged on purchases when paying off a balance transfer
  • How payments are applied: Are purchases or promotional offers paid first?
  • Duration of your promotional APR offer
  • Whether the offer is revoked if a payment is missed or the balance exceeds the credit limit
  • Fees (and minimum fees) for balance transfers
  • How soon balance transfers should be completed after account opening
  • Whether all purchases count towards the APR promotion or only for a limited time

What happens when my 0% APR credit card offer ends?

When your promotional interest expires, any outstanding balance is now charged at the standard interest rate for balance transfers and future purchases. Unlike some merchant cards, you will in most cases not owe any accrued interest during the promotional period. However, you should read your cardholder agreement for the interest charge rules for your specific card.


Methodology

We analyzed the details of over 300 credit cards to find the best shopping and balance transfer promotional offers. Data points on rewards, annual fees, interest rates, perks, etc. received scores so we can rank them against each other. The credit cards above are our picks for the best 0% APR credit cards for a variety of customer profiles. We continuously monitor bank websites for changes to card details to ensure our rankings provide the most value to our readers.

MEET OUR CREDIT CARD EXPERT

Ben Woolsey is Investopedia’s Senior Credit Card Editor. He has over 30 years of experience in the financial services industry, including marketing for banking and financial institutions such as Associates First Capital and Bank One. Prior to Investopedia, he managed credit card content for CreditCards.com and Bankrate.com.


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