The Fed will likely continue to raise interest rates which means it is a crucial time to lock in a long 0% intro APR. The good news is that credit card issuers are offering extremely long intro APRs in order to stand out from their competitors and win your business. If you have good to excellent credit (usually considered a score of 670 – 850*) and you would like to avoid interest charges, are planning a large purchase, or would like to save money by transferring your balance from another credit card, then one of the cards below will surely suit your needs. It is also worth noting that none of the cards below charge an annual fee.
This stellar cash back card from Wells Fargo offers a 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers followed by a 19.24%, 24.24%, or 29.24% variable APR. Other cards may offer longer intro APR periods but the cash back rewards make this our top choice. You will earn an unlimited 2% cash rewards on purchases which means there are no activation requirements for special categories or monthly caps to worry about. There is also a sign-up bonus worth $200 in cash rewards that can be earned by spending at least $1,000 in the first three months after you are approved. Another great perk it offers is cell phone protection. If you use your card to pay your cellular telephone bill you can get up to $600 of protection on your cell phone against covered damage or theft (subject to $25 deductible).
If you are willing to give up cash back rewards in return for a longer intro APR then the Wells Fargo Reflect® Card is our top-pick for you. It offers a 0% intro APR for up to 21 months from account opening on purchases and qualifying balance transfers, then 17.24% – 29.24% variable APR. You will start with 18 months of 0% intro APR and can get an extension of up to 3 months with on-time minimum payments during the intro period. There is a 3% balance transfer fee for 120 days from account opening ($5 minimum). That fee then goes up to 5% after the 120 days so we suggest you make your transfer happen before the 120 days are up. If you are accruing interest charges each month on another card (or cards) the transfer fee is likely worth the expense especially if you plan to pay the balance off before the 0% intro period is over. You can also get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with this card.
If you are in the market for a flexible cash back credit card that also offers a generous intro APR period on both purchases and balance transfers, then this card is likely a good fit for you. New cardmembers will get a 0% Intro APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends a 18.24% – 28.24% Variable APR will apply. There is an easily achievable bonus that will allow you to earn a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. The ongoing cash back benefits are fantastic too. You get to decide which category you will earn 3% back in each month while also earning 2% back at grocery stores and wholesale clubs. Options for the 3% bonus category include home improvement/furnishings, gas, online shopping, dining, travel or drug stores. The bonus cash back earned in these combined categories (your choice, grocery and wholesale clubs) is capped at $2,500 in purchases each quarter. You’ll earn 1% after that cap is hit and on all of your other purchases.
This cash back card from U.S. Bank offers a 0% Intro APR for 15 billing cycles on purchases and balance transfers followed by a 18.74% – 28.74% (Variable). In a more hands on approach, you are able to choose 2 categories to earn 5% cash back on the first $2,000 spent each quarter and one everyday category to earn 2% cash back. You also can earn 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Center. All other eligible purchases earn 1% cash back. There is also a welcome bonus worth $200 after spending at least $1,000 in eligible purchases in the first 120 days after account opening.
The Discover it® Cash Back card is a well-rounded option as it offers fantastic cash back rewards, a generous intro APR period, a unique bonus opportunity and does not charge an annual fee. It offers a 0% Intro APR on purchases and on balance transfers for 15 months, then 16.24% – 27.24% Variable APR. You will also earn 5% back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants and gas stations (up to $1,500 in combined purchases each quarter you activate, then you earn 1%) and 1% back on all of your other purchases. The unlimited cash back match bonus is what sets this card apart. All of the cash back you’ve earned in your first year is matched. There are no minimums or hoops to jump through to earn this bonus. It is easy and can be very lucrative if you use your card regularly and take advantage of the 5% categories.
Getting approved for a credit card with a long 0% introductory APR on purchases and balance transfers is an excellent way to save money. It is important to plan ahead and aim to pay your balance down before the introductory period is over, if possible. If you are not sure about how a balance transfer can work for you then you can read about all of the important Balance Transfer Basics here.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.