The Best 0% Interest Credit Cards in 2022

Several 0% interest credit cards are available in 2022


Suppose you currently have high amounts of consumer debt, such as various credit cards. In that case, the chances are that you are struggling to keep on top of all the required monthly repayments – especially after interest and finance charges keep being added with each billing cycle. Below are just a few of the best and most popular 0% interest credit cards available during 2021 at the time of writing.

1. BankAmericard Credit Card

This specific credit card currently has one of the best deals available where 0% APR is concerned because the special offer is valid for 18 months – not many other cards have as good of an offer as this. Once the interest-free period ends, rates will vary between 14.49% and 24.49% variable APR on any transfers that are made within the first two months and 18 billing cycles on all purchases.

Pros

There is absolutely no annual fee associated with using this card and there is also no penalty APR either. In addition, if you pay an installment late, your interest rate will not usually be increased automatically. However, keep in mind that a few other terms, conditions, and account pricing may apply.

Cons

You will only have 60 days to make your balance transfers and take advantage of the bank’s introductory offer. However, there don’t seem to be any other disadvantages associated with using this card.

2. Chase Freedom Unlimited

Along with statement credits, the earnings from this particular credit card can be tethered with a few select Chase cards so that you can earn additional travel benefits through the Chase Ultimate Rewards program. This means that you could boost your reward earnings by 25%.

Pros

If you have a moderate amount of consumer debt, this card will be an excellent option for you because its introductory offer involves 0% interest over a period of 15 months. In addition, there is a fantastic sign-up bonus and an ongoing reward system.

Cons

The interest rate charged on this card after the introductory period varies between 16.49% and 25.24%, so it will not be a good choice if you carry a balance after the first 15 months. There is also a pretty hefty balance transfer fee to pay.

3. Wells Fargo Platinum Card

This 0% interest card could be a great option if you have a good credit rating. In addition, it’s ideal for when you have an upcoming purchase to consider that you’d like to avoid paying the interest.

Pros

No interest is payable on this card for the first 18 months after activation, and this applies to qualifying balance transfers and intro APR on purchases. After that, interest rates will vary between 16.99% and 26.49%.

Cons

Unfortunately, no sign-up bonuses or ongoing rewards can be collected with this card. The regular APR starts out at quite a high rate of 16.99% and can be as much as 26.49% in some cases.

4. Discover It Balance Transfer

This is currently one of the best credit cards available for low variable APR, ranging between 13.49% and 24.49%. As such, anyone who is carrying a low balance and who has an excellent credit score could end up being rewarded with much lower interest rates than average.

Pros

This card offers a fantastic 5% cashback on rotating categories, but a quarterly sign-up is required, along with a maximum spend of $1,500 per quarter (1% thereafter). At present, this is one of the best 0% intro APR credit cards available, especially where ongoing rewards are concerned. 0% interest is charged for the first 18 months, which then rises to between 13.49% and 24.49% variable thereafter.

Cons

Although this card comes with an end-of-first-year bonus that consists of you receiving double your cashback at the end of the first year, no sign-up bonus is payable. Also, 0% into APR on your purchases is only for six months – thereafter, it changes to between 13.49% and 24.49%.

5. Citi Diamond Preferred Card

This is currently the best 0% interest credit card if you have an excellent credit score. It’s standard APR of between 15.24% and 25.24% start out at a lower rate than many other cards, namely the Citi Simplicity.

Pros

One of the main reasons why this card stands out from most of its competitors is the fact that no interest is charged on balance transfers for a period of 21 months. Thereafter, rates vary between 15.24% and 25.24%.

Cons

No sign-up bonus or ongoing rewards are offered with this specific card, meaning that it may not be a good option for long-term use. In addition, the 0% interest offer on your purchases will only be for 12 months – after that, the variable rates of between 15.24% and 25.24% will kick in.

6. Discover It Cash Back

When obtaining this card, you could be rewarded with as much as $600 in cashback in your first year – you get 5% back on selected categories up to the quarterly maximum of $1,500 in purchases after activation. Types for the first quarter of 2021 include CVS, groceries, and Walgreens purchases.

Pros

This card has quoted a low variable APR compared with other credit cards – it varies between 13.49% and 24.49%. This is especially handy if you think you might end up carrying a balance once the interest-free offer expires. The rewards are also great, even though no sign-up bonus is offered.

Cons

This card’s introductory offer of 0% for the first 14 months on balance transfers and purchases isn’t one of the more extended options available. You might want to consider other card options if you have a large amount to repay – especially if you think you won’t be able to pay it off in full before the introductory offer expires. Very little travel and purchase benefits are available when using this card as well.

7. Capital One Quicksilver Cash Rewards Credit Card

This is listed as being one of the best interest-free credit cards if you enjoy receiving cashback rewards. You’ll earn $150 after spending $500 within the first three months of having this card, and after that, you’ll be able to reach 1.5% unlimited cash back with the Quicksilver Cash Rewards program.

Pros

This card carries no annual fees, along with fantastic cashback offers, and it even doubles as a zero-interest card. This makes it one of the best options if you intend to keep a specific credit card to use over the long term. The introductory offer consists of 0% interest for the first 15 months and balance transfers and purchases made. After that, rates vary between 15.49% and 25.49%.

Cons

Unfortunately, this specific card doesn’t offer the high cash back rate on any rotating categories as some other cards do. However, this is not something you’ll need to consider if you obtain this card.

8. Wells Fargo Cash Wise Visa Card

This card is currently rated as being the best 0% APR credit card for anyone who doesn’t want to pay annual fees. Great sign-up bonuses and ongoing rewards further sweeten the deal with it.

Pros

You’ll be able to earn 1.8% cash back rewards on qualifying digital wallet purchases such as Google Pay™ or Apple Pay® for the first year after your account has been opened. You can also obtain up to $600 protection on your cellphone (a $25 deductible is payable) against theft or covered damage when paying your monthly bill with this specific card.

Cons

The 15-month 0% interest period doesn’t stand out when compared to some other credit cards (after the introductory period, rates will vary between 15.49% and 27.49% APR). As a result, this card is best suited to anyone who doesn’t have a high debt balance to transfer.

9. Bank of America Cash Rewards Credit Card

This card is the best 0% interest option for those who enjoy receiving introductory cash reward bonuses. The tiered reward system on this card is one of the best offers out there, with users receiving a 3% cashback on a category of their choice (six options can be selected). 2% can be earned back at grocery stores and wholesale clubs (limit of $2,500 spent per quarter for all categories). After that, a 1% cashback applies.

Pros

The sign-up bonus is currently one of the best available offers for a card that doesn’t charge annual fees. For example, if $1,000 is spent during the first 90 days, $200 is earned. In addition, the 0% introductory APR is for 15 billing cycles on balance transfers that are made within the first 60 days and purchases. Thereafter, rates will vary between 15.49% and 25.49%.

Cons

While it’s difficult to find a cashback card with a better 0% introductory APR, this may not be the best option for you if you have a large purchase. In cases like these, cards with a longer 0% introductory offer and no other rewards could be your best solution.

10. Citi Simplicity Card

This card is currently rated as the best 0% interest credit card if you intend to use it to do a balance transfer. In addition, its zero percent introductory APR balance transfer offer is one of the best options currently available – it remains valid for 21 months. After that, rates will vary between 16.24% and 26.24%.

Pros

This card offers no late fees, no penalty rates, and even no annual fee. In addition, the Citi® Quick-Lock option allows you to activate and deactivate your account in a hurry in the event of losing your card.

Cons

No sign-up bonus or ongoing rewards are available with this card, and the 0% introductory APR will only last for 12 months. After that, it rises to between 16.24% and 26.24%.

Although there are several 0% interest credit card offers available, it’s always essential to research them thoroughly before signing up. This will enable you to obtain the best offer possible.

References

  1. https://www.bankofamerica.com/credit-cards/products/bankamericard-credit-card/
  2. https://creditcards.chase.com/cash-back-credit-cards/freedom/unlimited
  3. https://www.wellsfargo.com/credit-cards/platinum-visa/
  4. https://www.discover.com/credit-cards/balance-transfer/
  5. https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-diamond-preferred-credit-card
  6. https://www.discover.com/credit-cards/cash-back/it-card.html
  7. https://www.capitalone.com/credit-cards/quicksilver/
  8. https://www.wellsfargo.com/credit-cards/visa-wise/
  9. https://www.bankofamerica.com/credit-cards/products/cash-back-credit-card/
  10. https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-simplicity-credit-card