Best 0% credit card offers
Although average credit card interest rates have risen significantly over the past year, credit cards that offer a 0% introductory rate on balance transfers have become more widely available than they were in early 2022, according to online loan marketplace LendingTree. If you’re looking to refinance high-rate credit card debt, consider these cards. Most of them offer a 0% introductory window on purchases too.
Top 0% offers. The BankAmericard credit card charges no interest on purchases and balance transfers for a lengthy 21 months (transfers must be made within 60 days to qualify for the 0% rate); after that, the rate is a variable 16.24% to 26.24%. The balance-transfer fee is 3% of the amount transferred ($10 minimum).
The Wells Fargo Reflect card offers a 0% rate on purchases and balance transfers for 18 months, and cardholders who make on-time payments during the introductory period get an extra three months with no interest, for a total 21 months; the variable rate afterward is 17.24% to 29.24%.
To qualify for the 0% rate and a 3% balance-transfer fee ($5 minimum), you must make the transfer within 120 days of opening the card. Otherwise, you pay the standard rate and a 5% transfer fee.
Rewards card winners. Several of the top cards in Kiplinger’s Personal Finance magazine’s annual survey of the best rewards cards offer 0% intro rates.
American Express EveryDay, Capital One SavorOne, Chase Freedom Flex, Chase Freedom Unlimited, Discover It Miles, U.S. Bank Cash+ and Wells Fargo Active Cash all charge no interest on purchases and balance transfers for the first 15 months and have a 3% balance-transfer fee. (Standard ongoing rates vary, as do requirements to obtain the 0% intro rate and 3% transfer fee; see the card issuers’ websites for more information.)
Citi Double Cash customers who transfer a balance within four months of opening the card get a 0% rate for 18 months on the transfer and pay a 3% transfer fee ($5 minimum).
Offers change regularly, so make sure to check a card’s current terms and conditions with the issuer before you apply.