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Best 0% APR and Low Interest Credit Cards of February 2021

0 apr credit cards saves you money by decreasing the price of debt. When you are paying in interest. You can repay what you have borrowed quickly. A card with a zero percent introduction APR period will save you the maximum on interest in the brief term.

Look for any 0 apr credit cards with an introductory interest free period longer than a year. If you are inclined to carry a balance a lot of months, a card with a low ongoing interest rate will work to your benefit in the long term.

cash back credit card
Discover it Cash Back

Understanding interest rates and APRs

The annual percentage rate, or APR, is the interest rate the credit card issuer charges on debt on your card. Some cards charge a single rate on all debt on the card. Others charge different rates for different kinds of debt (purchases, cash advances, etc). APRs are reported on your monthly statement.

Issuers usually set their prices at a certain number of percentage points above the prime rate, which is the rate big banks charge their best customers. For example, your rate would be “prime + 12 points.” If the prime rate was 5.5 percent, your APR would be 17.5 percent. With the exception of introductory 0 percent or teaser-rate deals. You’re not going to find a credit card APR cheaper than the prime rate.

balance transfer credit cards
US Bank Visa Platinum Card

While interest rates are expressed in annual terms, they’re usually paid on a regular basis. An annual rate of 17 percent, for example, will equate to a regular rate of about 0.0466 percent . So for every $1,000 in debt, you’d pay about 47 cents a day in interest.

How to stop paying credit card debt completely

Many 0 apr credit cards offer a “grace period” that helps you to stop paying any interest at all.

If you pay your balance in full per month, then you will not owe any interest on your transactions.

If you bring debt forward from month to month, then interest will start accruing on transactions as soon as they land on your statement.

Credit Cards
Chase Freedom Unlimited Credit Card

However, if you’re what the credit card industry refers to as a “transactor”. It is anyone who uses their card for convenience and rewards and pays the bill in full every month. Then your APR is pretty much meaningless, because you’ll never pay a dime in interest.

On the other hand, if you’re a “revolver”. Someone who uses cards to float transactions they can’t pay off all at once and brings debt from month to month. Then your APR is very significant, since it determines how much you pay in interest.

What’s the difference between interest and 0 apr for credit cards?

When you’re talking about credit cards, there is no disparity 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. The APR is the “real” annual cost of borrowing money, and it includes not only interest on the money you borrow, but also fees and other costs. For certain financial items, such as mortgages, the APR may be substantially different from the specified interest rate. Those other charges are not included in the credit card APR estimate, in large part because issuers cannot foresee who will have to pay them or how much they will pay.

Business Credit Cards
Blue Business Plus Card from American Express
1

Long 0% intro APR period

Editor’s Choice
2

0% intro period and bonus category cash back

Discover It Cash Back

Annual Fee
$0

Regular APR
11.99% – 22.99% Variable APR

Intro APR
0% intro APR for 14 months on purchases and balance transfers

Rec Credit Score
690-850
Good – Excellent
INTRO OFFER: Cashback Match Unlimited-only from Discover. Discover will match all the cash back you have won at the end of your first year automatically! There is no minimum budget or maximum incentives. You could convert 150 dollars of cash back into 300 dollars.
Earn 5% cash back on daily transactions at various locations per year, such as Amazon.com, grocery stores, restaurants, gas stations, and when you pay via PayPal, when you enable, up to the quarterly limit.
Plus, you immediately receive unlimited 1% cash back on all other transactions.
Redeem cash back, at any time, in any number. Never expire incentives.
At the Amazon.com checkout, use your rewards.
According to Investor’s Company Daily, #1 Most Trusted Credit Card
No yearly tax.
99 percent of the locations that earn credit cards accept Discover nationally.

Pros
On sales and balance transfers, you get a 0 percent intro APR for 14 months, and then the new APR of 11.99 percent – 22.99 percent Variable APR. On revolving bonus categories that you trigger (on up to $1,500 in spending per quarter) and 1 percent back on all other spending, you will receive 5 percent cash back. You’re collecting Discover’s signature new-cardholder bonus all the while during your first year.

Cons
The intro duration is a little shorter than the 15-18 months that other cards usually offer, but it’s still well over a year. Rewards-wise, monitoring bonus categories and opting in on them every quarter can be a challenge.
3

0% intro period and ongoing cash back

Top Rated
4

0% intro period + grocery and gas rewards

Best Deal

Annual Fee
$0

Regular APR
13.99% – 23.99% Variable APR

Intro APR
0% intro APR on Purchases for 15 months

Rec Credit Score
690-850
Good – Excellent
After spending $1,000 on transactions on your new card in the first 3 months, you receive $200 back.
3% Cash Back at U.S. supermarkets (on sales of up to $6,000 a year, then 1 percent).
At U.S. gas stations and at select U.S. department stores, 2% Cash Back.
For all transactions, 1% Cash Back.
Low intro APR: 0 percent on sales from the account opening date for 15 months, then a variable pace, 13.99 percent to 23.99 percent .
Plan It® provides the ability to select transactions of $100 or more with a fixed fee to be divided into monthly installments.
In the form of Reward Dollars, cash back is earned and can easily be exchanged for statement credits.
No yearly tax.
Conditions Apply.

Pros
For 15 months, begin with a 0 percent intro APR on transactions, and then the new APR of 13.99 percent – 23.99 percent Variable APR. You receive 3 percent cash back at U.S. supermarkets (up to $6,000 spent annually, then 1 percent), 2 percent back at U.S. gas stations and select U.S. department stores, and 1 percent back on everything else. (Terms are applicable.) There’s also a good bonus bid.

Cons
This card does not provide the travel or streaming advantages of American Express’s Blue Cash Preferred® Card, its annual-fee cousin. And if you spend at least $61 a week in a store, you’re probably better off paying the card’s annual fee because you’re going to come out ahead with the higher rate of rewards. But the other card has a shorter APR time of 0 percent intro.
5

0% intro period and bonus category cash back

Chase Freedom Flex

Annual Fee
$0

Regular APR
14.99% – 23.74% Variable APR

Intro APR
0% intro APR on Purchases for 15 months

Rec Credit Score
690-850
Good – Excellent
Earn a $200 Bonus if you spend $500 on transactions in the first 3 months from account opening.
Earn 5 percent cash back on up to $1,500 in combined purchases in bonus categories per quarter you trigger. Enjoy new 5 percent categories per quarter!
Earn 5 percent on travel purchased by Chase, 3 percent on dining at restaurants and drugstores, and 1 percent on all other purchases.
No annual tax.
0 percent Intro APR for 15 months from account opening on transactions, then a variable APR of 14.99 – 23.74 percent .
No minimum to redeem for cash back. Cash Back benefits do not expire as long as your account is open.

Pros
You get an initial 0 percent intro APR on Transactions for 15 months, and then the continuing APR of 14.99 percent – 23.74 percent Variable APR. This card earns 5 percent cash back in bonus categories that adjust every three months (on up to $1,500 per quarter in spending, then 1 percent ); 5 percent on travel booked through Chase; 3 percent cash back at restaurants and drugstores; and 1 percent on other purchases. New cardholders can also receive a cash bonus.

Cons
You have to opt in to the bonus categories every fifth, which can be a hassle.
6

Longest 0% intro APR period

7

Long 0% intro APR period

Annual Fee
$0

Regular APR
16.49% – 24.49% Variable APR

Intro APR
0% intro APR for 18 months on purchases and qualifying balance transfers

Rec Credit Score
690-850
Good – Excellent
18 months of 0 percent intro APR from account opening on sales and qualifying balance transfers; after that the variable APR will be 16.49 percent to 24.49 percent
$0 Annual Charge
Get up to $600 insurance on your mobile phone (subject to $25 deductible) against protected damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum card
Quick access to your FICO® Credit Score with Wells Fargo Online®
Track your spending, transactions and any suspicious behavior with text and email warnings and notifications
Convenient tools to help build a budget and control your expenses with My Money Map
Pick “Apply Now” to learn more about the product functionality, terms and conditions

Pros
There’s a 0 percent intro APR for 18 months on sales and eligible balance transfers, and then the continuing APR of 16.49 percent – 24.49 percent Variable APR. The premium for balance transfers in the first 120 days is just 3 percent ($5 minimum), before rising to 5 percent . This card also provides cellphone protection if you use it to pay your wireless bill.

Cons
As with many cards with a long 0 percent intro APR period, there isn’t a lot of reason to keep using it after the introductory rate expires.
8

0% period + ’rounded-up’ rewards

Citi Rewards + Card

Annual Fee
$0

Regular APR
13.49% – 23.49% Variable APR

Intro APR
0% intro APR for 15 months on purchases and balance transfers

Rec Credit Score
720-850
Excellent
The Citi Rewards+® Card – the only credit card that instantly rounds up to the nearest 10 points for any transaction – with no limit.
Earn 15,000 bonus points if you spend $1,000 in transactions with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com.
0 percent Intro APR on balance transfers and transactions for 15 months. After that, the vector APR would be 13.49 percent – 23.49 percent , depending on the creditworthiness. Balance transfer fee – either $5 or 3 percent of the total of each transfer, whichever is greater.
Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 a year and then 1X Points afterwards. Plus, receive 1X ThankYou® Points on All Other Transactions.
The regular variable APR for Citi Flex Plan is 13.49 percent – 23.49 percent , depending on the creditworthiness. Citi Flex Plan offers are made available at Citi’s discretion.

Pros
You get an introductory 0 percent intro APR for 15 months on sales and balance transfers, and then the continuing APR of 13.49 percent – 23.49 percent Variable APR. This card receives 2 points per dollar for the first $6,000 spent per year at supermarkets and gas stations, and 1 point per dollar on all other transactions. Further, rewards for all sales are rounded up to the nearest 10 points, which amplifies the appeal for smaller spenders.

Cons
If long-term value is a prime concern, bigger spenders may want to go elsewhere. This card is of greatest value to people who make a lot of smaller transactions. If that’s you, though, definitely give it a look.
9

0% intro period and flat-rate cash back

American Express Cash Magnet Card

Annual Fee
$0

Regular APR
13.99% – 23.99% Variable APR

Intro APR
0% intro APR on Purchases for 15 months

Rec Credit Score
690-850
Good – Excellent
After spending $1,000 or more on transactions using your new card in the first 3 months of Card Membership, you receive a $150 statement credit.
1.5 percent Cash Back unlimited for your orders.
Low APR intro: 0 percent on sales from the account opening date for 15 months, then a variable pace, currently 13.99 percent to 23.99 percent .
Plan It® provides the ability to select transactions of $100 or more with a fixed fee to be divided into monthly installments.
In locations where you want to shop, dine, ride, and more, Amex offers rewards. You can add as many deals to your card as you would like, then only use the card to pay, and directly receive rewards on your statement.
In the form of Incentive Dollars that can be exchanged for statement points, Cash Back is earned.
No Annual Tax.

Pros
For 15 months, you get a 0 percent intro APR on transactions, and then the latest APR of 13.99 percent – 23.99 percent Variable APR. The card earns 1.5 percent cash back on all qualifying purchases, and new cardholders may qualify for a solid bonus: receive a $150 statement credit after spending $1,000 or more on purchases within the first three months of membership of the new card. Conditions Apply.

Cons
As a statement credit, with a $25 minimum, your only option for redeeming cash back is. As is possible with certain other cash-back cards, you can’t have rewards deposited into a bank account.
10

0% period and flat-rate cash back

Capital One Quicksilver Cash Rewards Credit Card

Annual Fee
$0
Regular APR
15.49% – 25.49% Variable APR
Intro APR
0% intro APR on Purchases for 15 months
Rec Credit Score
690-850
Good – Excellent
One-time $200 cash bonus after spending $500 on transactions within three months of opening an account
Earn an unlimited 1.5 percent cash back every day for every order,
No revolving categories or sign-ups are required to receive cash rewards; plus, cash back will not expire for the account’s life and there is no limit to how much you will earn.
On purchases for 15 months, 0 percent intro APR; 15.49 percent -25.49 percent variable APR after that.
Charge no yearly charge or penalties for international transactions

Pros
For 15 months, you get 0 percent intro APR on transactions, and then 15.49 percent ongoing APR – 25.49 percent Variable APR. Each transaction receives 1.5 percent cash back, without reducing what you can receive. Bonus offer: One-time cash bonus of $200 after spending $500 on transactions within 3 months of opening the account.

Cons
You can receive more rewards with a card that pays higher rates in particular categories, based on your spending habits. Even, simplicity is a primary part of the appeal of this card.
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