Written by Garrett Yarbrough ; Edited by Courtney Mihocik ; Reviewed by Jason Steele
Vault’s Viewpoint ; In most cases, you won’t be charged interest if you pay your credit card’s statement balance in full each billing cycle. ; If you’re not being charged interest, your credit card’s interest rate doesn’t matter. ; If you do carry a balance from month to month, your credit card’s interest rate is important because it impacts how much you’ll pay.
Best for long introductory APR period: Wells Fargo Reflect® Card ; Best for rotating cash-back categories: Discover it® Cash Back ; Best Chase option: Chase Freedom Unlimited®
If you spend on cards but don't repay in full, try a 0% credit card with up to 21 months' interest-free spending. Compare Martin Lewis' top pick comparison on 0% credit cards in the UK.
Table of contents ; Credit card rates in 2024 · What happened in 2023? · How the Fed impacts cardholders · Next steps for consumers
0% interest free credit cards could help you spread the cost of bigger purchases. Compare interest free credit card offers and check your eligibility here.
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Best 0% APR credit cards ; Best for low balance-transfer fee: Citi Simplicity® Card ; Best for purchases and balance transfers: Wells Fargo Reflect® Card ; Best for no foreign transaction fees: Capital One Savor Cash Rewards Credit Card
Credit card, Personal loan ; You can borrow smaller amounts at competitive rates, The smallest amount you can borrow is £3,000 and rates aren't as good compared to borrowing more ; Repayments are flexible, Repayments are fixed ; You can avoid paying interest for a number of months on a 0% purchase deal, You will have to pay interest on the money you borrow even on the cheapest personal loans ; You get revolving credit so you can spend what you pay back, You can't spend any more than you originally borrow
Partner ; Eligible credit cards ; 0% Offers ; Important Information