What Are The Best 0% Interest Credit Cards in 2020?

What Are The Best 0% Interest Credit Cards in 2020?

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Citi is an advertising partner.

We looked through our database of credit cards to find the top offers with 0% interest introductory periods. These credit cards can help you with APR charges, whether you are looking to save on future purchases or want help paying down existing debt.

Table of Contents

Citi Simplicity® Card - No Late Fees Ever: Long Intro 0% APR on Purchases & Balance Transfers

The Citi Simplicity® Card - No Late Fees Ever is one of our favorite cards because it offers a very long intro APR of 0% for 18 months on Purchases (then 14.74% - 24.74% (Variable) thereafter) and an APR of 0% for 18 months on Balance Transfers (then 14.74% - 24.74% (Variable)). As long as you don't miss your payments and become delinquent, you can carry a balance without additional interest until the no interest balance transfer period is over. This can help you finance any large purchases you may have. However, be aware of the fee for such transactions: Balance transfer fee – either $5 or 3% of the amount of each transfer, whichever is greater..

While there might be other cards that offer long introductory 0% periods, the Citi Simplicity® Card - No Late Fees Ever is one of a small number of credit cards that doesn’t come with any late fees. Therefore, if you miss a payment one time, you won't be hit with a $35 fee as you would on most other cards. Don't get used to this, however. Missing multiple payments in a row can have other consequences, such as bad marks on your credit score.

Highlights

  • 0% for 18 months on Purchases (then 14.74% - 24.74% (Variable)) and 0% for 18 months on Balance Transfers (then 14.74% - 24.74% (Variable))
  • $0 annual fee
  • No late fees

Citi® Diamond Preferred® Card: Longest Intro 0% APR on Balance Transfers

Citi® Diamond Preferred® Card

  • On Citibank's Secure Website

$0

14.74% - 24.74% (Variable)

Excellent

  • 0% Intro APR for 18 months on purchases from date of account opening and 0% Intro APR for 18 months on balance transfers from date of first transfer. After that the variable APR will be 14.74% - 24.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • Get free access to your FICO® Score online.
  • With Citi Entertainment®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
  • Shop with confidence knowing that you have dependable protection benefits, including $0 Liability on Unauthorized Purchases and Citi® Identity Theft Solutions.
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
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The Citi® Diamond Preferred® Card comes with one of the longest zero APR periods on balance transfers we've found. This card offers an intro APR of 0% for 18 months on Balance Transfers (14.74% - 24.74% (Variable) thereafter), starting from the date of your first transfer. That’s more than 1 year of avoiding APR charges, which buys you time to pay down your principal debt.

Highlights

  • Intro APR of 0% for 18 months on Balance Transfers (then 14.74% - 24.74% (Variable) thereafter, based on your creditworthiness).
  • $0 annual fee

Chase Freedom®: Introductory Zero Percent APR on Balance Transfers + Rewards

The Chase Freedom® offers a mix of fantastic rewards and a good introductory 0% interest period. Cardholders get 0% Intro APR on Purchases for 15 months (then 14.99% to 23.74% Variable) and 0% Intro APR on Balance Transfers for 15 months (then 14.99% to 23.74% Variable). That is on-par with the Chase Slate®; however, unlike that card the Chase Freedom® doesn’t give you the chance to waive the transfer fee. Therefore, from a pure interest-saving standpoint, the Chase Freedom® is slightly worse than the Chase Slate®.

The Chase Freedom® makes up for that deficit with a strong rewards program. Cardholders Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases. This makes the Chase Freedom® one of the best cash back credit cards around. Once you get your debt under control, this can be a good way to throw additional savings your way.

Highlights

  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases.
  • 0% Intro APR on Purchases for 15 months (then 14.99% to 23.74% Variable) and 0% Intro APR on Balance Transfers for 15 months (then 14.99% to 23.74% Variable)
  • $0 annual fee

Blue Cash Everyday® Card from American Express: Zero Percent APR on Everyday Purchases

Blue Cash Everyday® Card from American Express

$0

13.99%-23.99% Variable

Excellent/Good

  • Earn a $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% Cash Back on other purchases.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest.
  • Cash Back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
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If you’re looking for a great option to finance ongoing purchases, the Blue Cash Everyday® Card from American Express could be the card for you. The card offers bonus cash back on common purchase categories, including U.S. supermarkets and U.S. gas stations. It also happens to offer a lengthy introductory APR of 0% on purchases for 15 months (13.99%-23.99% Variable thereafter). Furthermore, it comes with a generous welcome bonus that you can put toward paying off your balance: Earn a $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.

Whether you want to transfer a balance, finance a large purchase, or you simply need some extra time to pay off your regular spending, the Blue Cash Everyday® Card from American Express fits the bill.

Highlights

  • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases.

Summary of the Best Credit Cards with Introductory 0% Interest Periods

In case you want a quick breakdown of our analysis the table below gives you a quick overview of the top credit cards with zero interest offers, and what makes each stand out.

Best For...Name0% Interest Period Lasts...
Long Intro 0% APR on Purchases & Balance TransfersCiti Simplicity® Card - No Late Fees EverIntroductory APR of 0% for 18 months on Purchases then a 14.74% - 24.74% (Variable) APR applies. Introductory APR of 0% for 18 months on Balance Transfers then a 14.74% - 24.74% (Variable) APR applies.
0% Introductory APR on Balance TransfersCiti® Diamond Preferred® CardIntro APR of 0% for 18 months on Balance Transfers then a 14.74% - 24.74% (Variable) APR applies.
Intro 0% Interest on Purchases & RewardsChase Freedom®0% Intro APR on Purchases for 15 months then a 14.99% to 23.74% Variable APR applies. 0% Intro APR on Balance Transfers for 15 months then a 14.99% to 23.74% Variable APR applies.
Intro 0% Interest on Everyday PurchasesBlue Cash Everyday® Card from American ExpressIntroductory APR of 0% on purchases for 15 months then a 13.99%-23.99% Variable APR applies.

For rates and fees of Blue Cash Everyday® Card from American Express, please click here.

Note on Searching For Zero Percent Credit Cards with Bad Credit

Be wary of any offers that advertise 0% interest to those with bad credit. Most issuers will not provide such offers to those with credit scores below 600. Typically, issuers make their money in one of two ways – fees collected from merchants who accept cards and interest charges. People with low credit typically spend less than those with higher FICO scores. Therefore, an issuer is unlikely to make a profit by extending zero-interest credit to a demographic that tends to make smaller purchases.

If you come across such an offer, carefully read through the terms & conditions. You should look for any other fees the card may charge you. Banks are legally obligated to list all fees before you apply for the card. You may think you’re getting a good deal by getting 0% introductory APR on a particular card, but you may be hit by other charges instead.

The information related to these cards Chase Slate®, Chase Freedom® and the Citi Simplicity® Card - No Late Fees Ever have been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

Joe Resendiz

Joe Resendiz is a former investment banking analyst for Goldman Sachs, where he covered public sector and infrastructure financing. During his time on Wall Street, Joe worked closely with the debt capital markets team, which allowed him to gain unique insights into the credit market. Joe is currently a research analyst who covers credit cards and the payments industry. He earned a bachelor’s degree from the University of Texas at Austin, where he majored in finance.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).