Best 0% and Low Interest Credit Cards of 2018
Use the right card and score major interest savings on a big purchase or balance transfer. Get the picture?
A 0% or low-interest credit card can be a lifesaver for people looking to pay down debt or finance a big purchase. Cards with the best 0% APR periods will save you the most on interest in the short term. Many options offer a year or more interest-free. If you tend to carry a balance most months, a card with a low ongoing interest rate will work to your advantage in the long run.
|Card||Best for ...||APR offer||Annual fee|
|Citi Simplicity® Card - No Late Fees Ever||Long 0% intro APR||0% on Purchases and Balance Transfers for 18 months, and then the ongoing APR of 15.24% - 25.24% Variable APR||$0|
|Chase Freedom®||Sign-up bonus||0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 16.24% - 24.99% Variable APR||$0|
|Citi® Double Cash Card – 18 month BT offer||Rewards||0% on Balance Transfers for 18 months, and then the ongoing APR of 14.74% - 24.74% Variable APR||$0|
|Discover it® - 18 Month Balance Transfer Offer||Low fees||0% on Purchases for 6 months and 0% on Balance Transfers for 18 months, and then the ongoing APR of 13.24% - 24.24% Variable APR||$0|
Here are the best low interest credit cards:
Best for sign-up bonus
Best for rewards
Best for low fees
The Chase Freedom® gives you a little of everything. In addition to a $0 annual fee and a long 0% APR period on purchases and balance transfers, it offers a nifty sign-up bonus. You get 5% cash back on up to $1,500 per quarter in spending on rotating bonus categories that include such things as gas stations, supermarkets and restaurants. All other spending earns 1% back.
Offering 1% cash back on every purchase and an additional 1% when you pay them off, the Citi® Double Cash Card – 18 month BT offer provides easy rewards to go with its lengthy interest-free period on balance transfers and $0 annual fee. This is an excellent card that doesn’t require excellent credit: You can qualify with good credit.
0% on Purchases for 6 months and 0% on Balance Transfers for 18 months
13.24% - 24.24% Variable APR
Recommended credit score
Recommended credit score
The Discover it® - 18 Month Balance Transfer Offer combines a lengthy 0% period on balance transfers with 5% cash-back rewards on rotating bonus categories (on up to $1,500 in spending per quarter) and 1% back on all other spending. There’s also an unusual bonus, which Discover describes as: “Discover will match ALL the cash back earned at the end of your first year, automatically.” No foreign transaction fee is unusual for this category. Discover won’t charge a fee for your first late payment or raise your APR for paying late.
NerdWallet’s credit cards team selects the best cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories.
Updated Jan. 1, 2018.