Best 0% APR Credit Cards Of June 2020

The Capital One® VentureOne® Rewards Credit Card* makes it easy to earn rewards on purchases and save money on interest at the same time. This card also comes with no annual fee and no foreign transaction fees, making it a smart rewards card to keep for the long haul.

0% APR Offer: Qualify for 0% intro APR on purchases for 12 months, followed by a variable APR of 15.99% – 25.49% based on your creditworthiness.

Rewards: Earn 1.25 miles for each dollar you spend.

Bonus Offer: Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.

Annual Fee: $0

Benefits and Drawbacks: The Capital One® VentureOne® Rewards Credit Card is an easy card to consider if you want to make a large purchase and pay it off over time. Once you’re approved, you’ll have 12 months to make purchases and pay them off without any interest payments. You can also earn an initial welcome bonus on your spending, and you’ll earn 1.25 miles for each dollar you spend.

The only real downsides of this card include the fact you’ll only qualify for 0% APR for 12 months, and that this offer only extends to purchases (and not balance transfers). Also be aware that a handful of credit cards offer a longer 0% APR period with a higher rate of rewards, including some cards on this list.

You can read our full review of the Capital One VentureOne Rewards Card here.

The Discover it® Balance Transfer card * offers an interesting combination of perks. You’ll be able to earn exceptional rewards on purchases.

Rewards: Earn 5% back on up to $1,500 spent in bonus categories that rotate each quarter* plus 1% back on other purchases.

Benefits and Drawbacks: The benefits of the Discover it® Balance Transfer are obvious. It’s also nice to know you can earn 5% back on up to $1,500 spent in rotating bonus categories each quarter*, and that you’ll earn 1% back on everything else you buy. The fact that Discover will double all your rewards after the first year is just icing on the cake.

The Bank Americard® credit card is another credit card that extends 0% APR to purchases and balance transfers made within a specific length of time. This makes this card a good option if you have some debt to transfer over from high-interest credit cards and loans but you also want to make a few purchases and pay them down without interest over time.

0% APR Offer: Qualify for 0% APR on purchases and balance transfers made within the first 60 days of account opening for 18 billing cycles, followed by a variable APR based on your creditworthiness. Balance transfers are subject to a 3% fee ($10 minimum).

Rewards: This card doesn’t offer rewards.

Bonus Offer: None

Annual Fee: $0

Benefits and Drawbacks: Being able to avoid interest on purchases and balance transfers for 18 billing cycles could be a huge boon for your finances. The biggest downside of this card is an obvious one. Unlike a few other cards that extend 0% APR for purchases and balance transfers for a similar length of time, the Bank Americard® credit card doesn’t let you earn points or cash back on your purchases.

You can read our full review of the BankAmericard credit card here.

The American Express Cash Magnet® Card is another card that lets you earn flat-rate rewards for each dollar you spend. You’ll also qualify for 0% APR on purchases and balance transfers for more than a year, making this a solid card for a large purchase or debt consolidation.

0% APR Offer: Qualify for 0% for 15 months on purchases and balance transfers from the date of account opening, then a variable rate, currently 12.99% to 23.99% APR based on your creditworthiness. Balance transfers are subject to a 3% fee ($5 minimum).

Rewards: Earn a flat 1.5% back for each dollar you spend.

Bonus Offer: Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.

Annual Fee: $0

Benefits and Drawbacks: The American Express Cash Magnet® Card offers a standard 0% APR introductory offer for purchases and balance transfers, but you’ll also earn an initial bonus offer and ongoing rewards. The major downside of this card to be aware of is the 3% fee ($5 minimum) you’ll pay for balance transfers.

The Chase Freedom® * offers the best of all worlds for consumers hoping to save money with 0% APR and willing to keep track of rotating categories in order to earn 5 Ultimate Rewards points per dollar spent on certain purchases (equivalent to 5% cash back). This card extends 0% APR for purchases and balance transfers, with the APR increasing to the regular APR after 15 months. As an added bonus, you can qualify for a generous signup bonus.

0% APR Offer: Qualify for 0% APR on purchases and balance transfers for 15 months followed by a variable APR based on your creditworthiness. Balance transfers are subject to a 3% fee ($5 minimum) during the first 60 days, after which the balance transfer fee increases to 5% ($5 minimum).

Rewards: You’ll rack up 5 Ultimate Rewards points per dollar spent (equivalent to 5% cash back) on up to $1,500 in bonus category spending each quarter (then 1 point per dollar) and 1 point per dollar spent on all other purchases.

Bonus Offer: Earn $200 bonus after you spend $500 on purchases in your first 3 months from account opening. This product is available to you if you do not have this card and have not received a new card member bonus for this card in the past 24 months.

Annual Fee: $0

Benefits and Drawbacks: The Chase Freedom® makes it easy to save money on interest and earn rewards at the same time. This is especially true since the 0% introductory offer extends to both purchases and balance transfers.

The major downside to this card is the fact that 15 months isn’t as long as some other cards on this list provide that 0% APR. If you need to avoid interest for the longest time possible, you may want to consider another option.

You can read our full review of the Chase Freedom card here.

The Capital One® Quicksilver® Cash Rewards Credit Card* offers exceptional flat-rate rewards anyone can benefit from, but you also qualify for 0% APR for a limited time. There are no annual fees or foreign transaction fees, so it’s easy to keep this card for the long haul.

0% APR Offer: Qualify for 0% APR on purchases and balance transfers for 15 months, followed by a variable APR of 15.49% – 25.49% based on your creditworthiness. A balance transfer fee of None. After 15 months, this card does not have a balance transfer fee.

Rewards: Earn a flat 1.5% back on everything you buy.

Bonus Offer: One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening.

Annual Fee: $0

Benefits and Drawbacks: The Capital One® Quicksilver® Cash Rewards Credit Card lets you save with 15.49% APR on purchases and balance transfers for 15 months. However, a 3% balance transfer fee applies for balances transferred during the promotional rate.

This card is free of foreign transaction fees and annual fees, which is a major plus.

If you have a lot of debt at a high-interest rate that you desperately want to pay off, this card should be on your radar. The Citi Simplicity® Card offers the longest 0% APR introductory terms for balance transfers, giving you a full 21 months to pay down debt without paying a dime in interest along the way.

0% APR Offer: Qualify for 0% Intro APR for 21 months on balance transfers when transfers are completed within 4 months of account opening and for 12 months on purchases from date of account opening, followed by a variable APR based on your creditworthiness. A balance transfer fee of 5% (minimum $5) applies.

Rewards: This card doesn’t offer rewards.

Bonus Offer: None

Annual Fee: $0

Benefits and Drawbacks: While most balance transfer credit cards extend 0% APR for up to 18 months, the Citi Simplicity® Card comes with a longer offer that is hard to beat. If you have a ton of debt at high-interest rates and need a lot of time to pay it off at 0% APR, it’s easy to see how this card could help you get ahead.

Still, there are a few notable downsides to be aware of, the first of which is the 5% balance transfer fee (minimum $5). Some cards on this list only charge a 3% balance transfer fee, and a few don’t charge balance transfer fees for a limited time.

Another obvious downside is the fact that this card doesn’t offer any rewards for purchases. Then again, it’s possible you may not care about rewards if your goal is paying off debt for the long haul.

If you want to pay down debt with minimal cost involved, consider the Chase Slate®. This card lets you save money with 0% APR for a limited time, after which the APR will increase to a variable rate based on your creditworthiness. You can access 0% APR for balance transfers initiated within 60 days of account opening.

0% APR Offer: Qualify for 0% APR on purchases and balance transfers for 15 months, followed by a variable based on your creditworthiness with no balance transfer fees for the first 60 days your account is open. After the first 60 days, this card has a 5% balance transfer fee (minimum $5).

Rewards: This card doesn’t offer rewards.

Bonus Offer: None

Annual Fee: $0

Benefits and Drawbacks: The Chase Slate® comes with one of the best 0% APR offers available today based on the simple fact there aren’t any balance transfer fees for the first 60 days. This makes it easy to pay down debt without any out-of-pocket costs and access 0% APR on purchases for the first 15 months.

The major downsides of this card include the fact you don’t earn rewards. There are also longer 0% APR timelines available from other cards, and these could be more beneficial if you have a lot of debt to pay down, even after taking into consideration balance transfer fees.

The Amex Everyday® Card offers a nice combination of interest savings and rewards that can make sense for anyone who wants to rack up points while avoiding interest payments. Plus, you can avoid balance transfer fees when you transfer balances to your new card within 60 days of account opening.

0% APR Offer: Qualify for 0% intro APR on purchases and balance transfers for 15 months, followed by a variable APR based on your creditworthiness. You also won’t pay a balance transfer fee on any transfer within 60 days of account opening.

Rewards: Earn 2 Membership Rewards points per dollar spent on up to $6,000 spent at U.S. grocery stores each year plus 1 Membership Reward point per dollar spent on all other purchases. Notably, this card also gives you 20% in bonus rewards when you use it for at least 20 purchases each billing period.

Bonus Offer: $0 Balance Transfer Fee Offer + Earn 10,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months..

Annual Fee: $0

Benefits and Drawbacks: There are plenty of reasons to love the Amex Everyday® Card, including the fact you can qualify for 15 months with 0% APR on purchases and balance transfers. The fact there are no balance transfer fees when you transfer your high-interest debt over within 60 days of account opening is the icing on the cake.

Earning a welcome bonus is always good news, and racking up 2 Membership Rewards points per dollar spent on up to $6,000 in U.S. grocery store spending (on top of 1 point per dollar on other purchases) is excellent as well. We also love the 20% bonus rewards you can earn when you use this card for at least 20 purchases each billing period, making it a good choice for an everyday card.

In terms of downsides, the only potential pitfall is that there are longer 0% APR offers on the market.

We love the Wells Fargo Propel American Express® Card based on its welcome offer alone, but the introductory 0% APR offer doesn’t hurt, either. Add in the fact that you’ll earn 3 points per dollar spent in popular categories each month with no annual fee, and this card is hard to beat.

0% APR Offer: Qualify for 0% APR for purchases and balance transfers for 12 months, followed by a variable APR based on your creditworthiness. Balance transfers made within the first 120 days from account opening are subject to a 3% fee ($5 minimum). After the first 120 days, balance transfers are subject to a 5% fee ($5 minimum)

Rewards: Earn 3 points per dollar spent on dining, gas stations, rideshares, transit, flights, hotels, homestays, car rentals, and popular streaming services plus 1 point per dollar spent on other purchases.

Bonus Offer: 20,000 bonus points when you spend $1,000 in purchases in the first 3 months – a $200 cash redemption value.

Annual Fee: $0

Benefits and Drawbacks: This card’s earning rates are exceptional, and that’s especially true when you consider how many categories you can rack up 3x points in. The fact there’s no annual fee is also spectacular when you take in the welcome bonus you earn the first year.

While getting 0% APR on purchases and balance transfers is always nice, keep in mind that this offer is only good for 12 months. Also, note the 3% balance transfer fee (minimum $5) that applies and is only available for the first 120 days.