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

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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 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 0% APR intro period of 21 months on balance transfers. As long as you don't miss your payments and become delinquent, you can carry a balance without additional interest for over a year and a half. The card also offers a 12 month period of 0% intro APR on purchases. This can help you finance any large purchases you may have. After the intro period, your APR will be 14.74% - 24.74% (Variable). However, be aware of the fee for such transactions. Balance transfers on the Citi Simplicity® Card - No Late Fees Ever cost either $5 or 5% of the amount of each transfer, whichever is greater.

While there might be another 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% APR on balance transfers for 21 months, after which it will be 14.74% - 24.74% (Variable)
  • $0 annual fee
  • No late fees

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

The Citi® Diamond Preferred® Card comes with one of the longest zero APR periods on balance transfers we've found. This card offers 21 months of no interest on balances you transfer to it within the first 4 months of your account opening, starting from the date of your first transfer. That’s close to 2 years of avoiding APR charges, which buys you time to pay down your principal debt. After the intro period, your APR will be 13.74% - 23.74% Variable, based on your creditworthiness.

Highlights

  • 21 months of 0% introductory APR on balance transfers made within the first 4 months.
  • After the intro period, your APR will be 13.74% - 23.74% Variable, based on your creditworthiness.
  • $0 annual fee

Chase Slate®: Best Combo of 0% Intro APR on Purchases & Balance Transfers

The Chase Slate® is one of the few credit cards to waive the balance transfer fee as an introductory offer. So long as you move your balance over within 60 days of account opening, you get to skip the standard 5% transfer fee that normally comes on the card. The Chase Slate® also offers cardholders 0% APR on balance transfers for 15 months. If this is enough time for you to pay down your existing debt, we highly recommend this over other offers with longer 0% interest periods.

The ongoing interest rate on the Chase Slate® is 14.99% - 23.74% Variable. This is quite a large spread. Your creditworthiness will determine your final APR. Therefore, if you have poor to average credit, your interest rate after the promo period ends can be quite high.

  • 0% intro APR for 15 months on purchases and balance transfers from account opening, then a Chase Slate® is 14.99% - 23.74% Variable APR applies.
  • Free monthly credit score
  • No 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% APR on purchases and balance transfers for the first 15 billing cycles. That is on-par with the Chase Slate® we discussed above. 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% interest on purchases and balance transfers for the first 15 billing cycles
  • $0 annual fee

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

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% for 15 months on purchases and balance transfers (12.99%-23.99% Variable thereafter). Furthermore, it comes with a generous welcome bonus that you can put toward paying off your balance: Earn a $150 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

  • It’s a leading card for U.S. supermarket purchases, with 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 0% APR on Purchases & Balance TransfersCiti Simplicity® Card - No Late Fees Ever21 months on balance transfers; 12 months on purchases, then a 14.74% - 24.74% (Variable) APR applies
0% APR on Balance TransfersCiti® Diamond Preferred® Card21 months on balance transfers, then a 13.74% – 23.74% (Variable) APR applies
0% Interest on Purchase & Balance TransfersChase Slate®15 months on purchases and balance transfers from account opening, then a then a 14.99% - 23.74% Variable APR applies
0% Interest on Purchases & RewardsChase Freedom®15 months on purchases and balance transfers from account opening, then a 16.49% - 25.24% Variable APR applies
0% Interest on Everyday PurchasesBlue Cash Everyday® Card from American Express15 months on balance transfers and on purchases, then a 12.99%-23.99% Variable APR applies

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®, Citi® Diamond Preferred® Card 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.

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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).