Author: Jonah Bill
Are you looking for the best 0% Intro APR credit card? Well, look no further.
In this guide, we’ll be revealing our top picks for the best Introductory APR in 2022.
Let’s review the pros and cons of each card.
What Is a 0% Intro APR Credit Card?
A 0% introductory APR credit card offers users zero interest for a specified time. When the introductory period expires, the credit card will revert to its standard APR, which is specified by the card issuer.
Credit card companies use a 0% introductory APR to persuade potential customers to sign up for a new credit card.
What to Consider When Picking a 0% APR Credit Card
Here are a few things to consider when selecting a 0% APR Credit Card:
- Check for the longest 0% APR period
- Check the ongoing Variable APR after the introductory period has expired
- Compare the credit card fees
- Consider your spending style and check which cards offer bonuses and rewards in your category (e.g. travel)
The 5 Best 0% APR Credit Cards
1, Wells Fargo Reflect℠ Card
Wells Fargo Reflect℠ Card offers users 0% introductory APR for a lengthy period of 18-21 months on purchases and balance transfers that qualify.
- The introductory APR for purchases and balance transfers is 0%. The period begins when you open an account, but you can get an extension of up to 3 months if you make all minimum payments within the introductory and extension period. Once the introductory and extension period passes, your APR will range between 14.49-26.49% based on your creditworthiness. Note that to qualify for the introductory APR, you are required to request a balance transfer within 120 days from account opening.
- No annual fees
- Receive up to $600 in cell phone protection by paying your cell phone bill using an eligible Wells Fargo Card.
- Wells Fargo Credit Card users can earn cashback with My Wells Fargo Deals. The benefits can come as a statement credit while you’re shopping or dining.
- Offers a generous intro APR period for qualifying balance transfers and purchases
- Doesn’t include annual fees
- Doesn’t offer rewards or welcome bonus
1. U.S. Bank Visa® Platinum Card
U.S. Bank Visa® Platinum Card offers one of the lengthiest introductory APR periods, making it a good choice for balance transfers and managing debt.
- Offers 0% Introductory APR for 20 billing cycles on purchases and balance transfers, then an APR currently ranging from 15.99-25.99% will be applied after the introductory period has expired.
- Users who pay their monthly cell phone bill with U.S.Bank Visa® Platinum Credit Card can get up to $600 in cell phone protection, which covers damage or theft. Note that specific terms, conditions, and exclusions apply to this card.
- U.S Bank’s ExtendPay™ plan allows users to split eligible purchases of over $100 into equal monthly payments.
- Users can select a suitable due date for payments.
- No Annual Fee
- Offers one of the longest introductory APR periods compared to other credit card issuers
- Offers cell phone coverage
- No penalty APR
- No rewards or welcome offers
1. Wells Fargo Active Cash® Card
The Wells Fargo Active Cash Card is currently one of the best flat-rate cash back cards with no annual fees, plus an unlimited 2% cash reward on your purchases.
- Offers 0% introductory APR on qualifying balance transfers and purchases for 15 months from when you open an account. After the intro APR period expires, a variable APR will be applied. Note that balance transfers made within 120 from account opening qualify for the intro rate and a 3% fee, with an additional Balance Transfer fee of up to 5%.
- Spend $1,000 in purchases in the first three months to earn a $200 cash rewards bonus
- Card users can earn unlimited 2% cash rewards on purchases.
- No annual fees
- You don’t need to remember or track categories. Also, cash rewards don’t expire if your account remains open.
- Cardholders have access to Visa Signature Concierge, which gives them access to a premium collection of benefits from the world’s most intriguing and prestigious hotel properties.
- Wells Fargo Active Cash® Card users can receive up to $600 for cell phone protection against theft or damage by using this card to pay their monthly cell phone bills.
- 0% APR for 15 months
- Users get unlimited 2% cash rewards on their purchases.
- Offers cell phone protection
- You’ll pay a fee for balance transfers and foreign transactions.
- Foreign transaction fees on this card make international travel more expensive.
- Chase Freedom Flex℠
Chase Freedom Flex℠ offers a variety of rewards and cashback for travel, drugstore purchases, dining, and more.
- Get a $200 bonus after spending $500 on purchases within the first three months after opening an account.
- Get a 5% cash back on combined purchases up to $1,500 each quarter you activate it.
- Receive a 5% cash back when you make a travel purchase using Chase Ultimate Rewards®. The reward program allows users to collect rewards for gift cards, cash back, travel, and more.
- Cardholders can redeem a 3% cash back on drugstore purchases, food from restaurants, and eligible delivery services. Additionally, users get an unlimited 1% cash back on every other purchase.
- There is no minimum for redeeming your cash back. Plus Cashback and rewards won’t expire while your account is active.
- 15 months of 0% intro APR from the moment you open a new account. Afterward, a variable APR of 15.49%- 25.24% is applied.
- There’s no annual fee or payments for the features included in your Freedom Flex℠ card.
- With Chase Credit Journey, you can keep a close eye on your credit health with free access to real-time alerts, the latest score, and more.
- Offers generous rewards in various categories
- No annual fees
- Good travel reward rates
- To earn the 5% cash back for travel bookings, you must use Chase Ultimate Rewards®
Using a 0% APR credit card is a strategic way to save money on interest, but not all cards are the same. Each of them has its pros and cons, with varying standard APR rates and promotions. The 0% intro APR card you eventually pick depends on your specific needs.
So it’s a good idea to get all the details about the cards you’re considering and compare them to see which is most suitable.