4 Best Zero Interest Credit Cards for 2021

Whether you are trying to pay off some debt, make a big purchase, or even just avoid paying interest for some time, a zero interest credit card is a great idea!

Have a look at our picks for the best zero interest credit cards you can get right now!

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Top 4 Zero Interest Credit Cards in 2021

1. Citi® Diamond Preferred® Card

With an introductory period of 18 months, the Citi® Diamond Preferred® Card is among the best zero interest transfer credit cards you can apply for! Take your time paying off that debt, and in the meantime enjoy access to presale tickets and exclusive events with Citi Entertainment®. Full Review

  • Regular APR: 14.74%–24.74% variable
  • Purchase Intro APR: 0% for 18 months
  • Balance Transfer Intro APR: 0% for 18 months

With an introductory period of 18 months, the Citi® Diamond Preferred® Card is among the best zero interest transfer credit cards you can apply for! Take your time paying off that debt, and in the meantime enjoy access to presale tickets and exclusive events with Citi Entertainment®. Full Review

2. Chase Freedom Unlimited® Credit Card

Besides the intro period, a welcome bonus and cash back is an important factor when rating the best zero percent credit cards for purchases! And the Chase Freedom Unlimited® has it all. Full Review

  • Regular APR: 14.99%–23.74% variable
  • Purchase Intro APR: 0% for 15 months
  • Balance Transfer Intro APR: 14.99%–23.74% variable

Besides the intro period, a welcome bonus and cash back is an important factor when rating the best zero percent credit cards for purchases! And the Chase Freedom Unlimited® has it all. Full Review

3. SavorOne® Rewards from Capital One®

Spend hard and earn hard! Take advantage of the welcome bonus, the unlimited cash back on dining and entertainment, and all the other perks this card has to offer. The SavorOne® Rewards from Capital One® is among the best credit cards with zero interest for big spenders. Full Review

  • Regular APR: 15.49%, 21.49%, or 25.49%, variable
  • Purchase Intro APR: 0% for 15 months
  • Balance Transfer Intro APR: 15.49%, 21.49%, or 25.49%, variable

Spend hard and earn hard! Take advantage of the welcome bonus, the unlimited cash back on dining and entertainment, and all the other perks this card has to offer. The SavorOne® Rewards from Capital One® is among the best credit cards with zero interest for big spenders. Full Review

4. Discover it® Cash Back Credit Card

Can you spend as much as Discover can match? Challenge accepted. You’ve got a year of unlimited cash back match! The Discover it® Cash Back has everything you are looking for in zero percent interest credit cards. Full Review

  • Regular APR: 11.99%–22.99% variable
  • Purchase Intro APR: 0% for 14 months
  • Balance Transfer Intro APR: 0% for 14 months

Can you spend as much as Discover can match? Challenge accepted. You’ve got a year of unlimited cash back match! The Discover it® Cash Back has everything you are looking for in zero percent interest credit cards. Full Review

Best Zero Interest Credit Cards of 2020

Citi® Diamond Preferred® Card Best card for paying off high interest debt
Chase Freedom Unlimited® Best card for large purchases
SavorOne® Rewards from Capital One® Best card for dining and entertainment
Discover it® Cash Back Best 0% APR card for cash back

Detailed Reviews

Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card

BEST FOR

paying off high interest debt

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  • Regular APR: 14.74%–24.74% variable
  • Purchase Intro APR: 0% for 18 months
  • Balance Transfer Intro APR: 0% for 18 months
  • Balance transfer fee: $5 or 3%, whichever is greater
  • Annual fee: $0
  • Cashback: None
  • Foreign transaction fee: 3%
  • Sign up bonus: None

The Citi® Diamond Preferred® is one of the few credit cards with 0 APR for 18 months – which is pretty generous.

So, what does this mean?

The 0% introductory APR starts from the date of account opening and lasts for 18 months. After which, the regular APR will be applied.

This means that you will be paying 0% APR on all purchases for 18 months and 0% APR on balance transfers (completed within 4 months of account opening) for 18 months.

This awesome deal is the reason why the Citi® Diamond Preferred®  is among the best 0% interest credit cards you can apply for!

Citi® Diamond Preferred® Pricing & Fees

Now, let’s discuss the fees in more detail.

The Citi® Diamond Preferred®  card has no annual fee.

As we mentioned, the intro APR for purchases and balance transfers is 0% for 18 months. After the period ends, you will have a variable APR, ranging between 14.74% to 24.74%, based on your creditworthiness.

The balance transfer fee is 5 or 3% of the amount, whichever is greater.

While 0% interest credit cards are great for paying off some debt, most card issuers charge a balance transfer fee. If you are applying for a 0% interest card with the sole purpose of moving your high interest debt to that card, always factori in the cost of the balance transfer.

The APR for cash advances is 25.24% variable, and the cash advance fee amounts to either $10 or 5% of the amount of each cash advance, whichever is greater.

To clarify: a cash advance is basically a cash loan that you borrow against your credit card limit. It is better to withdraw money from your checking account, as you need to to pay interest and fees if you withdraw cash from a credit card.

Citi also charges a $40 penalty for late or returned payments.

A variable penalty APR of up to 29.99% based on your creditworthiness, may be applied indefinitely for missed and/or late payments.

Based on these fees, the Citi® Diamond Preferred®  card is among the best zero interest balance transfer credit cards. However, after the introductory period ends, the regular APR is applied.

So pay off your debts and use the card wisely!

Citi® Diamond Preferred® Rewards & Other Perks

One of the main perks of this card is the $0 liability on unauthorized charges.

This means that you will not be held responsible for any purchase made with this card that you have not authorized, whether it is online or otherwise.

Citi also has an Identity Theft Solution — a free service available to all cardholders.

Unfortunately, you will not be able to earn any rewards or cash back by using this card. This may even be a blessing in disguise if you were looking for 0% interest credit cards for balance transfer. You don’t need an incentive to accumulate even more debt!

Don’t worry though, there are some other perks to using this card.

Cardholders will become part of the Citi Entertainment®, which is an entertainment access program. This meant that they will have special access to tickets for various events: concerts, sporting events and more!

On top of this, cardholders can enjoy these additional perks:

  • 24/7 customer service
  • A digital wallet
  • Automatic account alerts
  • Flexible payment due date
  • Contactless pay

Easy to see why the The Citi® Diamond Preferred®  card is among the best zero interest credit cards for balance transfers.

What we liked & didn’t like

The Identity Theft Solutions, Citi Entertainment®, the purchase protection, are all benefits of using this card. Though what we are most interested in is the interest rate.

The long introductory period of 18 months with 0% interest should be enough for most people to pay off their high interest debts and big purchases.

The downside of using this card is the fact that after the intro period ends, the APR is relatively high. In addition, there is no cash back option and the credit limit may be as low as $500 for those that have a low income and a large amount of debt.

Ultimately, 18 months is a long intro period even for the best no interest credit cards you can apply for today.

Pros Cons
$0 liability on unauthorized charges No rewards
Choose your payment due date High regular APR
Special access to tickets (including presale) High penalty APR
Digital wallets
  • Regular APR: 14.99%–23.74% variable
  • Purchase Intro APR: 0% for 15 months
  • Balance Transfer Intro APR: 14.99%–23.74% variable
  • Balance transfer fee: $5 or 5%, whichever is greater
  • Annual fee: $0
  • Cashback: 1.5%–5%
  • Foreign transaction fee: 3%
  • Sign up bonus: $200 bonus + 5% cash back on grocery store purchases

With a 0% intro APR for 15 months, the Chase Freedom Unlimited® is one of the best zero interest credit cards for you if you are planning on doing a shopping spree!

And that’s not all!

You can earn 20,000 bonus points if you spend $500 or more on purchases during the first three months. The bonus points can be redeemed for $200 cash back.

In addition to this, new cardholders can earn 5% cash back on grocery store purchases (up to $12,000 and excluding Walmart and Target) during the first 12 months – truly a warm welcome.

Chase Freedom Unlimited® Pricing & Fees

Now, let’s have a look at the full pricing details to see if this 0% APR credit card is worth it in the long run.

As stated above, the intro APR for purchases is 0% for the first 15 months. After this period ends, an APR ranging between 14.99% and 23.74% is applied, based on your creditworthiness.

The APR is variable. The difference between a fixed and a variable APR, is that the variable APR changes depending on the prime rate, while a fixed APR doesn’t fluctuate. However, if the card issuer decides to adjust the rate, you will be notified.

The balance transfer APR also ranges between 14.99% and 23.74%, based on your creditworthiness. And while this is one of the best credit cards with 0 APR for purchases, it is not  a good card for balance transfers.

To start off, there is no 0% intro APR for balance transfers and the balance transfer fee is pretty high – 5% of the total amount transferred or $5, whichever is greater.

The cash advance APR amounts to 24.99% and the cash advance fee is $10 or 5% of the total transaction, whichever is greater.

There is no minimum interest charge and your due date is a minimum of 21 days after the end of each billing cycle.

The card has no annual fee, however you will be paying a $39 penalty fee for late and returned payments.

Chase Freedom Unlimited® Rewards & Other Perks

Besides being one of the 0 interest credit cards that are great for big purchases, the Chase Freedom Unlimited® also comes with great perks and rewards!

First, there is a big welcome bonus: you can earn $200 if you spend $500 in the first three months. Next, you can also earn 5% cash back on your grocery store purchases (excluding Walmart and Target) during the first 12 months.

To top that, you can also earn 3.5% cash back for each $1 spent on qualifying Lyft products and services purchased through the Lyft app through March 3, 2022.

Another reason why the Chase Freedom Unlimited® card is one of today’s best no interest credit cards is the high rewards rate!

Let’s start with the highest rate.

Cardholders can earn 5% cash back on each dollar spent on travel purchases: airline rockets, car rentals, cruises, hotel reservations etc. Drugstore purchases and dining can also earn you 3% cash back.  And lastly, each $1 spent earns you 1.5% cash back on all other purchases.

Most importantly of all, cash back rewards do not expire.

Chase also has a referral program, and you can earn $100 for every friend you have referred – up to a maximum of $500 per year.

Besides the fact that this is a 0 interest credit card with a high rewards rate, there are other perks of using the Chase Freedom Unlimited® card.

The card has zero liability protection – which means that you won’t be held responsible for any unauthorized charges. You will also have purchase protection for 120 days after purchase, against damage and theft (limits apply). Cardholders also have access to their credit score and to identity restoration services, at no cost.

In addition to all this, you can get reimbursed up to $1500 per person if you pay for a trip that has been cancelled or interrupted with the card (exclusions apply). Lastly, you will receive alerts and will be able to monitor fraudulent activity 24/7.

What we liked & didn’t like

The main reason people apply for 0 APR credit cards is because they intend to make a big purchase and want to avoid paying interest, or because they want to pay off some high interest debt. This card ticks one of those boxes: the introductory 0% APR on purchases will allow you to buy something expensive and pay it off with no interest.

Another advantage of having this card is the high rewards rate, ranging from 1.5% to 5%. New cardholders are also welcomed with a big sign up bonus: cash back or bonus points. And if you are applying for the Chase Freedom Unlimited® because you were looking for no interest credit cards, then you will without a doubt spend enough to earn the bonus.

The card does have few downsides though. Mainly, the high APR after the introductory period ends, and the high fees:

  • Balance transfer fee,
  • Cash advance fee,
  • Foreign transaction fee,
  • Late payment fee, and
  • Returned payment fee.

If you are careful with your usage of this card, the penalty fees can be avoided.

Other than that, we believe that the pros of using this card outweigh the cons – and this is one of the best 0 APR credit cards for purchases!

Pros Cons
Good rewards rate Penalty fees
Zero liability protection No intro APR on balance transfers
Purchase protection High transaction fees
Trip cancellation insurance
  • Regular APR: 15.49% - 25.49%, variable
  • Purchase Intro APR: 0% for 15 months
  • Balance Transfer Intro APR: 15.49% - 25.49%, variable
  • Balance transfer fee: 3%
  • Annual fee: $0
  • Cashback: 1% to 5%
  • Foreign transaction fee: None
  • Sign up bonus: $200

If you are looking for the best 0 interest credit card you can use when you are wining and dining and going to events, then we’ve got one that is just perfect for you!

The SavorOne® Rewards from Capital One® has a welcome bonus, 3% cash back on dining and entertainment AND a 0% APR for purchases during an introductory period of 15 months!

SavorOne® Rewards from Capital One®  Pricing & Fees

To clarify, the intro APR of 0% only applies to purchases – the regular APR will be applied for balance transfers.

As is the case with all interest free credit cards, after the introductory period of 15 months ends, your APR will be 15.49%, 21.49% or 25.49% (variable). The rate is dependent on your creditworthiness. Or in other words, the lower your credit score, the higher your rate will be. The APR for cash advances is 25.49% (variable). Your due date is at least 25 days after the end of the billing cycle.

The SavorOne® Rewards card from Capital One® has no annual fee. In fact, none of the cards we have reviewed has an annual fee – as we believe this makes the best zero interest credit cards even better!

There is no foreign transaction fee either, so you can enjoy your emails internationally too. The card does have a penalty fee of up to $40 for late payments, so make sure you pay off your balance until the due date!

The balance transfer fee amounts to 3% of the total amount transferred. The cash advance fee also equals 3% of the amount or $10, whichever is greater.

All in all, the costs associated with this card are standard within the industry.

SavorOne® Rewards from Capital One® Rewards & Other Perks

The introductory APR period is not the only reason we consider the SavorOne® Rewards from Capital One® to be one of the best 0 interest credit cards – there are other notable perks and benefits.

Like the unlimited 3% cash back you can earn on dining and entertainment. So, which purchases qualify for this cash back?

Merchants assign your purchase a category code, and if the purchase is categorized as dining, for example, then you will be able to earn cash back. Purchases at restaurants, fast food chains etc. can qualify in this category.

As for the cash back on entertainment spending, tickets for movies, theaters, sporting events, zoos, amusement parks etc. can qualify.

Cardholders can also earn 2% cash back on grocery store purchases, excluding Walmart and Target, and 1% on other purchases.

To top it off, new members can earn a $200 bonus if they spend more than $500 in the first three months. Good thing it’s a no interest credit card! All the more reason to splurge during the introductory period.

Currently, Capital One has a special offer for eligible SavorOne® cardholders: 5% cash back on Uber Eats purchases made through January 31, 2021.

The rewards don’t expire, and you can use your points as long as your account is open.

And another reason why this card is great for those that enjoy a night out are the Premium experiences – only available to cardholders.

Now, let’s have a look at some of the other perks of this card:

  • 24/7 concierge service
  • Travel accident insurance
  • Redeeming rewards with PayPal
  • Redeeming rewards on Amazon
  • Instant purchase notifications and more!

What we liked & didn’t like

Every perk equals a reason we consider the SavorOne® Rewards from Capital One® to be one of best interest free credit cards.

Let’s sum them up.

If you are frequently eating out, then an unlimited 3% cash back on dining is pretty generous! This can be your go to card for paying at restaurants and buying event tickets.

Then, 2% cash back on groceries and 1% on all other purchases is simple enough – no rotating quarterly categories. Points that don’t expire, and a sign up bonus make form a warm welcome. In addition, you’ll have access to VIP experiences and a 24/7 concierge service!

This card also comes with a good level of protection: $0 fraud liability, security alerts, card lock and alerts for credit report changes. So far, so good. You will also be able to set up an authorized user, autopay and use the Capital One Mobile App.

All this comes at a cost: an excellent credit is required in order to qualify for the card. It is the price you have to pay in order to be able to use the best 0% credit card.

Your credit will also determine your regular APR, which will be either 15.49%, 21.49% or 25.49%.

Pros Cons
$0 fraud liability No intro APR on balance transfers
Premium access to events and tickets High fees
Travel accident insurance Regular APR can be high
Redeem rewards with PayPal
  • Regular APR: 11.99%–22.99% variable
  • Purchase Intro APR: 0% for 14 months
  • Balance Transfer Intro APR: 0% for 14 months
  • Balance transfer fee: 3%–5%
  • Annual fee: $0
  • Cashback: 1% to 5%
  • Foreign transaction fee: None
  • Sign up bonus: cashback match (first year)

With 14 months 0% intro APR the Discover it® Cash Back one of the best zero interest credit cards, as well as one of the best credit cards overall – thanks to the high rewards rate.

Cardholders can earn 5% cash back on quarterly categories and 1% on other purchases.

What we are interested most though is the interest rate. So, let’s have a look at the pricing and fees in detail.

Discover it® Cash Back Pricing & Fees

The Discover it® Cash Back can be your go to 0% credit card for 14 months – and this applies both to purchases and balance transfers. After the introductory period ends, a variable APR of 11.99% to 22.99% will be applied. The exact rate will depend on your creditworthiness. To lock in a lower rate, you will need a high credit score. The APR for cash advances will be 24.99% variable. You can avoid paying interest if you pay off your balance within 25 days after the end of the billing cycle.

What is great about the Discover it® Cash Back, is the fact that this card has a long intro period, and yet after the period ends, it remains one of the best low interest credit cards, along with a good rewards rate.

That doesn’t mean that there are no expensive fees though!

The introductory balance transfer fee is 3% of the amount, and after the intro period ends the fee equals 5% of each transfer. The cash advance fee also equals 5% of the amount, with a $10 minimum charge.

The first time you are late on your payment, you will be forgiven and won’t be charged a late payment fee. The next time you are late however, you will pay a penalty fee of up to $40. As for returned payments – you will also need to pay a fee of up to $40.

To finish up with some good news: The Discover it® Cash Back  has no annual fee and no foreign transaction fee!

Discover it® Cash Back Rewards & Other Perks

The Discover it® Cash Back  card is one of this year’s best zero percent interest credit cards with rewards!

So, let’s discuss all of the cash back and bonuses you can earn.

We will start off with the welcome bonus:

During the first year of account opening, Discover will match all of the cash back you have earned! This means that for every dollar you earn, you get another one – and there is no limit to the amount that can be matched.

There is usually a catch with 0% APR credit cards, however the Discover it® Cash Back card is true to its name.

Besides the cash back match, cardholders can earn 5% cash back in rotating quarterly categories. For example, during the first three months you can earn cash back on grocery store purchases, then on gas station purchases etc. The rewards rate is generous, though it can be pretty hard to keep track of the different categories. There is a quarterly maximum and you will need to activate the 5% cash back.

All other purchases will earn you 1% cash back automatically – no need to activate.

But, there is more to the Discover it® Cash Back card besides being a credit card with no interest and a good rewards rate.

The card comes with some important security features, such as $0 fraud liability. This means that cardholders won’t be responsible for unauthorized purchases.

Another useful security feature are the Discover® Identity Alerts. Cardholders will receive alerts when a new inquiry is listed on their credit report, and when their social security number is found on a Dark Web site.

Discover also has a Freeze It option: if you lose your card you can freeze it, and new purchases won’t be authorized.

What we liked & didn’t like

Now, let’s sum up all the reasons why the Discover it® Cash Back card is one of best 0% credit cards to apply for.

The main advantage is definitely the intro APR period of 14 months, as it applies to both purchases and balance transfer. If the introductory period only applies for purchases, then the card cannot be used for paying off debt. And vice versa: id the introductory period only applies for balance transfers, the card cannot be used for large purchases.

However, Discover offers the best of both worlds – a credit card with 0 APR for both purchases and balance transfers.

What we don’t like however is the high balance transfer fee of 5% – most card issuers only charge 3% of the amount transferred.

Another advantage of using this card is the high rewards rate of 5% on rotating categories. Though, not everyone would want to bother activating this quarterly cash back and tracking their purchases. Luckily, there is a 1% cash back on all purchases.

Lastly, the security features offered are a great perk. Cardholders can view their credit score, and receive security alerts.

The main draw of low interest credit cards is the introductory period, though you will find that the Discover it® Cash Back card has a lot of other favorable features.

Pros Cons
Social security number alerts Quarterly cash back categories
$0 fraud liability Lower international acceptance
Use rewards at Amazon and PayPal
High rewards rate

How to Find the Best 0% APR Credit Card (Buyer’s Guide)

By following our detailed and simple guide, you will be able to choose the right card for you on your own.

Know your score

Card issuers WILL take your credit score into consideration. It will impact your chances of approval, as well as your credit limit. So, your credit score decides your credit limit, and then your credit limit can have an impact on your credit score. Well, it is not that your credit limit directly affects your credit score, but your credit utilization rate does.

Your credit utilization rate is the ratio of your balance to your limit. If you have a high ratio – or are spending close to your limit – you can negatively impact your score. This is the reason why your credit limit is important.

So, once you have found the right 0% interest credit card for you, make sure that you meet the credit requirements before applying.

Once a year, you are able to get a free copy of your credit report from the three major credit reporting companies. Some card issuers also let you check your credit score for free.

Paying off debt or making a large purchase?

Zero percent credit cards usually have an introductory period ranging between 6 months and 24 months. However, this intro period sometimes only applies to purchases or balance transfers.

Sure, there are some zero percent credit cards where the intro period applies to both purchases and balance transfers, yet it’s important to note that this is not always the case.

If you are paying off high-interest debt, check whether the intro period applies to balance transfers – and find out what the balance transfer fee is. In general, the balance transfer fee will be somewhere between 3% and 5% of the total amount.

If you are planning on making a large purchase and paying it off gradually, then you should be looking for credit cards with 0 APR for purchases.

Length of intro period

The length of the intro period is important, as it determines how much time you have to pay off your balance and what your monthly payments will be.

If you plan on paying off debt, divide the amount of the total debt you will transfer with the number of months the intro period lasts. For example, if you need to pay off $1400 for 14 months, your monthly payment for the debt will be $100.

Determine the amount you are the most comfortable paying per month, before applying.

Other perks of using the card

When looking at the best 0% APR credit cards, remember that the intro APR will eventually come to an end. And when it does, you need to be left with other reasons to continue using the card.

Consider the rewards rate, security features, and other benefits of the credit card.

Wrap Up

Whether you are looking for a balance transfers card or a splurge card, take your pick from the 0 intro APR credit cards we reviewed.

When in doubt, use our guide!

FAQ

How do 0% APR credit cards work?

No interest rate credit cards have an introductory period which can last anywhere between 3 months and 24 months – and during this period, cardholders don’t have to pay any interest on either purchases, balance transfers, or both.

After this introductory period ends, the regular APR is applied. Card issuers determine your regular APR and credit limit based on your creditworthiness.

What is the lowest APR on a credit card?

The average credit card interest rate in 2020 is 14.58%, according to the Federal Reserve.

There are a few card issuers that offer cards with a regular APR of around 8%, however you would need excellent credit to qualify for those cards.

Should I get a 0 APR credit card?

Applying for 0% credit cards is a good idea if you need to pay off some high interest credit card debt, as you can transfer your balance and pay it off without interest using your 0% APR card.

A no interest card is also a good idea if you’re planning on making a big purchase, as you would be able to pay it off during the intro period with no interest.

What is the best credit card with the lowest interest rate?

Out of all the cards we reviewed, the Discover it® Cash Back has the lowest regular APR, starting at 11.99%.

However, all the cards that made it on our list of the best zero interest credit cards, have other perks besides a 0% APR introductory period.