Credit Cards with 0% APR on Purchases or Balance Transfers

by Ryan Guina

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A 0% balance transfer credit card is a great way to save on your credit card interest rates and eliminate credit card debt more quickly.

Top 0% APR credit cardsCredit cards – love them or hate them, they are a big part of our society. For some people, credit cards are a curse, and for some people they are a blessing. This article will cover both sides of the spectrum and show you how you can either turn that curse into a blessing by transferring your current high interest credit card balance into a 0% interest rate credit card, or how you can further take advantage of credit cards by getting a 0% APR on new purchases, freeing up your cash flow or giving you extra float so you can keep your money in the bank earning interest for you instead of someone else.

The cards in the following lists will benefit you whether you are trying to reduce your credit card debt or take advantage of 0% APR introductory offers. All of these cards are screened and updated for the latest offers, and none of these credit cards comes with an annual fee. Click through the links to arrive at the respective official credit card site for full terms or to apply.

Featured 0% APR Balance Transfer Credit Cards

The best balance transfer credit cards offer a low balance transfer fee, a long balance transfer term, and a cash rewards program which is nice to have if you plan on using the card either while you are repaying your balance, or afterward. Some of the best even offer an introductory 0% APR on new charges, and are mentioned in the section below as well. Here are some balance transfer cards with some of the above features.

Featured 0% APR Interest Rate Credit Cards for New Purchases

As mentioned above, a 0% interest rate on new purchases can give credit card users a lot of flexibility when times are tough, when starting a business and they need a cushion for cash flow, or even just to float expenses for awhile and take advantage of using someone else’s money. As these cards are designed for spending, emphasis is given to cash rewards.

Why 0% balance transfer credit card offers are great

If you have credit card debt and want to eliminate it more quickly, then a 0% balance transfer may help you achieve that goal. Transferring your credit card balance to a 0% balance transfer card will move the balance from your current credit card, which probably has an interest rate around 10%-20%, to a new credit card that has an introductory 0% interest rate. Reducing the interest rate to 0% means 100% of your payment goes toward reducing the principle and none of it goes to the credit card issuer in the form of interest. The potential savings can be hundreds, to even thousands of dollars compared to making minimum payments at a higher interest rate.

Why do credit card companies offer 0% balance transfers if it means potential lost income? They make these offers to gain new customers. They may potentially miss out on a little up front money, but there is a good chance that many people will remain good customers or that not everyone will pay their entire balance off at 0% interest. They know that in the long run it will be profitable. It’s a win-win situation for customers and credit card issuers!

Why 0% interest credit cards are great

Another popular credit card offer is the 0% APR interest rate offered by many credit card companies. Why would a credit card company offer 0% interest rates on credit cards? The same reasoning applies as the balance transfer cards – to gain new customers.

There are a couple variations of the 0% interest rates offered on credit cards. They are usually offered only to new customers and in the form of a balance transfer, or a 0% APR introductory period, usually from 6-12 months. That means you don’t get charged any interest on your purchases for the entire introductory period. But watch out – you are usually required to make on time minimum payments or the interest rates will spike.

0% APR offers are great – but use them responsibly!

Credit card debt can be a huge problem so if you are using a 0% balance transfer offer to reduce your interest rates to repay your credit card debt more quickly, then be sure to stick with your plan. It can be tempting to take advantage of the 0% introductory offer, but don’t do it unless you can pay it off in cash.

As for the 0% APR introductory offers – I’m not a fan of carrying a credit card balance, but these introductory 0% APR intro offers can be useful if you having cash flow problems, need to use your credit card in an emergency, want to start a small business and need an injection of capital before the income starts coming in, or if you just want to float your charges and keep your money in the bank earning interest. Again, use them responsibly!

Advertising Disclosure: This page contains advertisements. This page does not include all available credit card offers from all advertisers (that would be literally hundreds, if not thousands of credit cards). This credit card review was not reviewed by, endorsed, paid for, or approved by Citi or any other credit card issuer. All opinions, reviews, and recommendations reflect the author’s honest opinions, beliefs, and experiences. We receive compensation from our advertisers. Compensation impacts how and where products appear on this site (including for example, the order in which they appear). Back to Top.

Published or updated November 3, 2016.
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{ 3 comments… read them below or add one }

1 sun

When some banks did not charge for a balance transfer (now 3% to 5% with a max), a friend of mine would transfer her balance to the new card instead of paying it off. With the cash, she would set up CD to mature before the 0% APR expired. When the CD matured, she’d pay off the credit card balance. Now that there is a balance transfer fee and interest rates low as they are, it ends up being a wash.


2 Ryan

They call it credit card arbitrage. It was very easy to do a few years ago, but many banks were losing money from it, so they added the minimum transfer fees. Now interest rates are so low, it’s not worth the time and will usually end up as a losing enterprise.


3 jb

would like to transfer a balance of 8k on a credit card with 0 interest and 0 balance transfer for longest amount of time to give me time to paydown amount. credit card with these options or best option to take care of this 8k


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