What Does 0 Percent APR Mean?

Learn how a 0 percent APR credit card can help you save money on interest and how to maximize its benefits in this guide.

14 Best 0% APR Credit Cards of November 2024

Written by Garrett Yarbrough ; Edited by Courtney Mihocik ; Reviewed by Jason Steele

What Credit Score Do You Need For A 0% APR Card?

Credit cards with 0 percent introductory APR offers can be a useful tool, but you’ll need good to excellent credit to qualify.

The Pros And Cons Of 0% APR Credit Cards

Key takeaways ; A 0 percent intro annual percentage rate (APR) card can help you consolidate and pay down debt faster – without interest payments – if you’re disciplined in how you use it. ; These cards typically come with a balance transfer fee, and you risk losing the 0 percent intro APR if you’re late with a payment. ; If you can’t pay off what you transfer before the intro period ends, you’ll pay much higher interest on the remaining balance.

How To Choose A 0% APR Credit Card

Don’t let the flurry of credit card choices confuse you. Find the best 0 apr credit cards for your goals with these tips and tricks.

Why You Should Regularly Look For A New Credit Card

Key takeaways ; Today, cards with tempting introductory offers and great cash back rates abound. ; If your credit card score has improved or your life circumstances have changed since you initially applied for your current primary credit card, a new card could offer better perks. ; Make sure the new card you choose lines up well with your current spending habits and that the benefits you gain outweigh any associated fees.

0% APR Credit Cards: Life Rafts Or Debt Traps?

Key takeaways ; A 0% APR credit card can be a great financial tool, but there are debt traps to be aware of when using one. ; Always make the minimum payments on your credit card to avoid consequences like late fees, damaged credit and penalty APRs. ; Pay attention to when the intro period ends and have a plan to pay your balance off before the end of the promotional period.

Best 0% APR Credit Cards of November 2024

A credit card with an introductory 0% APR period can save big on interest if you have a major purchase coming up. The best zero-percent cards include options with long intro periods, and many offer...

Zero Interest Credit Card Advice & Guides - Bankrate.com

The Fed cut rates. Why are credit card APRs still so high? ; What is a purchase APR? ; You owe interest on a 0% APR credit card. How did that happen?

Average Credit Card Debt In The U.S.

Average credit utilization rate in 2023: 30% ; Average number of credit cards in 2021: 3.84 ; Percent of accounts 30 to 59 days past due in 2023: 2.01%