Best 0% APR & Low Interest Credit Cards for 2023

Best 0% APR & Low Interest Credit Cards for 2023 – Although credit cards are notorious for having higher interest rates than many other financial products, some of them offer promotional 0% APR periods where you can avoid paying interest on purchases, debt transfers, or both. When evaluating credit cards with 0% APR, keep in mind that some may be less useful once the promotional period is over since they lack rewards programs and other advantages.

What Does 0% APR Mean?

For a set amount of time, cardholders who take advantage of a 0% introductory APR offer don’t pay interest on any eligible transactions. However, any unpaid debt at the end of the billing cycle will start to charge interest at the standard APR. More also, A 0% introductory APR normally does not charge interest on balances carried past the conclusion of the offer term, unlike deferred interest offers that do.

Best 0% APR & Low Interest Credit Cards for 2023

Best 0% APR & Low Interest Credit Cards for 2023

Offers with introductory APR typically apply to qualifying transfers of credit, purchases, or both. There are many cards that offer lengths longer than a year, and some cards even extend 0% introductory APRs for an additional 18 or 20 months. However, costs are often not assessed when using a 0% introductory APR, even though balance transfer fees still apply to transactions that are eligible for them. Any 0% introductory APR period will not exempt you from making minimum payments.

What Is a 0% Intro APR Credit Card?

When using a credit card with a 0% APR, you can make purchases, transfer balances, or do both interest-free for a limited time. However, giving up finance charges can be a pleasant departure from the double-digit interest rates frequently applied to credit cards or other loans. You may put more money toward paying down your debt if you pay less interest overall.

How 0% APR Works

Introductory According to the rules of the offer and the card agreement, 0% APR offers let new cardholders finance purchases or balance transfers—and occasionally both—without incurring interest for a specified period of time. However, any balances left over after this time will be subject to the standard, ongoing interest rate.

Pros and Cons of 0% APR Credit Cards

Below are the pros and cons of 0% APR Credit Cards;


  • Interest costs can be reduced.
  • minimizes your recurring payments.
  • aids in accelerating debt repayment.


  • A slip-up could cost you the promotion. You might become complacent as a result.
  • Balance transfers frequently incur charges.

The Best 0% APR Credit Cards

Below is a list of the best 0% APR Credit Cards;

Wells Fargo Active Cash® Card

No annual fee is associated with the Wells Fargo Active Cash, which provides an unrestricted 2% cash rewards rate on purchases. With the greatest flat-rate cash-back cards now available, it is now in direct competition with them. As long as your account is open, there are no categories to know or maintain, and cash rewards never expire.


  • 2% cash back on purchases is always available.
  • zero yearly fees
  • Protection for mobile devices


  • A balance transfer fee is charged.
  • An overseas transaction fee is charged.
  • Having no travel companions
  • Chase Freedom Flex℠ *

However, this card has the power to meet almost all of your credit card spending needs without coming at an exorbitant cost. More also, the card comes with a boosted earnings structure that covers a wide range of expenses, including travel, drugstores, and restaurants, as well as rotating quarterly bonus categories in areas many households are likely to find enticing. The card has no annual charge.


  • No yearly charge
  • Rotating quarterly categories that are activated earns 5% rewards, up to a cumulative quarterly cap of $1,500.
  • The travel rewards program competes with some of the top premium cards.
  • Generous awards rank well in a number of other categories.


  • To receive 5% cash back, travel arrangements must be made through Chase Ultimate Rewards®.

Amex EveryDay® Credit Card *

This card is for you if you frequently spend at US supermarkets and are seeking a good introductory APR rate. After making $2,000 in qualifying purchases within the first six months of card membership. However, you will receive 10,000 membership reward points. However, you will also receive 2 points for every dollar spent using your card to make travel arrangements through American Express Travel and 1 point for each eligible dollar spent on all other eligible purchases. More also, membership rewards points can be applied to a variety of eligible card purchases, including those for dining, entertainment, retail, and more.


  • A 20% bonus on all accumulated points is possible.
  • Spending up to $6,000 per year at U.S. supermarkets earns 2 Membership Rewards points for every $1 (after which, 1 point is awarded for every $1 spent).
  • No yearly charge


  • Fee for overseas transactions: 2.7%
  • restriction on the use of bonus points at food stores
  • 20 purchases are needed each month to receive the 20% incentive.

Wells Fargo Reflect® Card *

The Wells Fargo Reflect Card offers a generous introductory APR term on purchases and eligible balance transfers, something that those looking for a balance transfer card will probably like. However, If you don’t require a lengthy introductory APR period, skip the card because it doesn’t offer rewards or any other noteworthy perks.


  • generous introductory APR term for transfers of qualified balances and purchases
  • Negative Annual Fee


  • no incentive system, no welcome bonus
  • 5% balance transfer fee with a minimum of $5.
  • Fee for foreign transactions

U.S. Bank Visa® Platinum Card *

There is no annual fee and a relatively long introductory APR rate on the U.S. Bank Visa® Platinum Card. However, there are two restrictions: the charge for balance transfers and the absence of a rewards program. However, the interest saved during the promotional period may outweigh the cost.


  • Without consequence APR
  • extensive initial APR period
  • Protection for cell phones is a useful perk.


  • Applying balance transfer charge
  • No reward system
  • hardly a welcome bonus
  • Fee for foreign transactions

Discover it® Cash Back

This no-annual-fee card can offer generous rewards in addition to its ongoing 1% earning rate for consumers who are willing to activate the 5% rotating categories and monitor the quarterly spending cap.


  • 5% cash back on four different purchasing categories that change every quarter throughout the year (activation required)
  • When your first year is up, Discover will automatically match all the cash back you’ve accrued.
  • No minimal cashback redemption required


  • $1,500 in spending every quarter is the maximum bonus cashback rate of 5%.
  • Bonuses must be engaged every quarter.
  • A 1% base reward rate on everything else is pretty low.

Discover it® Chrome

The 1-for-1 cash back match, which doubles your benefits at the conclusion of the first year, is the Discover it® Chrome’s only redeeming feature. The card is average overall. The intro APR on balance transfers is less desirable because of the large balance transfer costs, and the 2% bonus cash back category is only available on the first $1,000 in quarterly spending in certain categories. 1% is earned on all other purchases.


  • When your first year is up, the cash-back match entails doubling your rewards.
  • many ways to redeem monetary rewards
  • Zero foreign transaction fees


  • excessive balance transfer fees
  • Exorbitant cash advance fee
  • $1,000 in quarterly spending is the maximum allowed for the 2% cash-back category. The base rate for all purchases is 1%.

Citi Simplicity® Card *

A very lengthy introductory APR is available for balance transfers with the Citi Simplicity Card, however, there is a charge for each transfer.  However, an introductory APR offer will also be made to you on purchases. In contrast, there is neither a rewards program nor a sign-up bonus, making this a “simple” card for people who plan to carry a load for a considerable amount of time.


  • There are no late fees
  • There is no punishment for APR
  • Zero yearly fees
  • First-time APR promotion on purchases and balance transfers


  • increased regular APR
  • Lack of an incentives system

Chase Freedom Unlimited®

A good all-around spending card that lets you earn at least 1.5% cashback on all transactions and hold a balance on new purchases with a low introductory APR and no annual cost


  • The generous sign-up bonus for a card without annual fees
  • Cash back incentives have an unlimited minimum earn rate of 1.5%.
  • No required minimum redemption amount


  • Fee for foreign transactions
  • The current balance transfer cost is expensive
  • Transferring points to travel companions requires a companion card.

How Do You Qualify for a 0% APR Offer?

For the most part, people with good or excellent credit can get credit cards with 0% introductory APR deals. The better your income and credit, the more likely you are to be approved for a credit card with a 0% introductory APR. However, lenders will want to be certain that you can make regular, on-time minimum payments and won’t become likely to default on the debt before they decide to forego the opportunity to charge you interest on carrying balances for any period of time.

In actuality, 0% APR credit cards are a calculated approach to reduce interest costs, but they vary widely. However, your promotional rate may be offered for purchases, debt transfers, or both depending on the benefits and drawbacks of each offer. More also, there are several time frames for starting transfers, paying off balances, and receiving various perks along the road. However, each one of them offers the chance to pay for charges over time without incurring interest costs.


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