Best No Interest Credit Cards and Low APR Credit Cards to Use in 2021

[Reviews]

Are you looking for the best no interest credit cards to help you financially? Or maybe credit cards with low interest rates? Then you’ve come to the right place. In today’s article, we’ll give you reviews of the top no + low interest credit cards on the market. Additionally, you’ll learn more about no interest credit cards and how to pick one for your requirements. Keep reading to find out more.

Show more

1. U.S. Bank Visa® Platinum Card

The U.S Bank Visa Platinum card is perfect for flexible payments. The company also offers a $600 cell phone protection plan and auto rental insurance. What’s more, you’ll pay as little as 4% on cash advances which is an excellent deal. Full Review

  • No interest credit cards with no annual fee
  • Offers a cell phone protection plan
  • 20-month 0% interest charges
VISIT SITE

Show More

The U.S Bank Visa Platinum card is perfect for flexible payments. The company also offers a $600 cell phone protection plan and auto rental insurance. What’s more, you’ll pay as little as 4% on cash advances which is an excellent deal. Full Review

Bonus

N/A

Benefits

★★★★☆ 4/5

Rewards

N/A

Fees

★★★★★ 5/5

2. Citi Simplicity® Card

The Citi Simplicity card has easy offers with no hidden costs. This credit card company offers fast customer service and automatic account alerts. You will get a security code so no one else can make transactions on your account. Full Review

  • No annual fees
  • One of the best credit cards with no interest for 18 months
  • Offers protection against fraud and unauthorized charges
VISIT SITE

Show More

The Citi Simplicity card has easy offers with no hidden costs. This credit card company offers fast customer service and automatic account alerts. You will get a security code so no one else can make transactions on your account. Full Review

Bonus

N/A

Benefits

★★★★☆ 4/5

Rewards

★★★☆☆ 3/5

Fees

★★★★☆ 4/5

3. Amex EveryDay® Credit Card

The Amex EveryDay credit card is an excellent way to save money and earn the best rewards. For 15 months you won’t get charged interest, so use this time to pay off other bills you have. This is one of the best no interest credit cards for travel because it offers 2x membership awards for hotels and vacation packages. Full Review

  • Has revolving credit options
  • Offers car rental loss and damage insurance
  • Excellent reward and bonus deals
VISIT SITE

Show More

The Amex EveryDay credit card is an excellent way to save money and earn the best rewards. For 15 months you won’t get charged interest, so use this time to pay off other bills you have. This is one of the best no interest credit cards for travel because it offers 2x membership awards for hotels and vacation packages. Full Review

Bonus

★★★★★ 5/5

Benefits

★★★★★ 5/5

Rewards

★★★★★ 5/5

Fees

★★★★★ 5/5

4. SavorOne Rewards from Capital One

SavorOne Rewards from Capital One is one of the best no interest rate credit cards for small businesses and merchants. It’s easy to sign up and get approved and there are no annual fees. You can earn top cashback rewards for regular spending. Full Review

  • No foreign transaction fee
  • Excellent cashback rewards
  • Ideal for business travel
VISIT SITE

Show More

SavorOne Rewards from Capital One is one of the best no interest rate credit cards for small businesses and merchants. It’s easy to sign up and get approved and there are no annual fees. You can earn top cashback rewards for regular spending. Full Review

Bonus

★★★★★ 5/5

Benefits

★★★★★ 5/5

Rewards

★★★★★ 5/5

Fees

★★★★☆ 4/5

5. Chase Freedom FlexSM Credit Card

If you want a credit card issuer that doesn’t have universal default terms, then you’ll appreciate Chase Freedom FlexSM. The company doesn’t have late penalty fees and they offer some of the best bonuses and rewards. This company also has extensive protection plans to prevent identity theft. This is a straightforward credit card company with no hidden costs. Full Review

  • Best no interest credit cards offers
  • No late APR penalties
  • Quick approvals
VISIT SITE

Show More

If you want a credit card issuer that doesn’t have universal default terms, then you’ll appreciate Chase Freedom FlexSM. The company doesn’t have late penalty fees and they offer some of the best bonuses and rewards. This company also has extensive protection plans to prevent identity theft. This is a straightforward credit card company with no hidden costs. Full Review

Bonus

★★★★★ 5/5

Benefits

★★★★★ 5/5

Rewards

★★★★★ 5/5

Fees

★★★★☆ 4/5

6. Citi® Diamond Preferred® Card

If you want an easy company to work with that can help you build your line of credit, then Citi Diamond Preferred can assist you. You get to pick your repayment date so you don’t receive cheques too late or early. It has a long 0% APR promotion period and no annual fees. Opt for this credit card if you want to make large purchases with no interest attached to it. Full Review

  • 24/7 customer service
  • Best no interest credit cards with 18 months of 0% APR
  • No annual fees
VISIT SITE

Show More

If you want an easy company to work with that can help you build your line of credit, then Citi Diamond Preferred can assist you. You get to pick your repayment date so you don’t receive cheques too late or early. It has a long 0% APR promotion period and no annual fees. Opt for this credit card if you want to make large purchases with no interest attached to it. Full Review

Bonus

N/A

Benefits

★★★★☆ 4/5

Rewards

★★★☆☆ 3/5

Fees

★★★★☆ 4/5

7. American Express Cash Magnet® Card

This is one of the best 0% interest credit cards with no balance transfer fee services. The American Express Cash Magnet credit card is suitable for students and business executives who need emergency cards to pay for goods and services on the go. Full Review

  • Best no interest credit cards with a high limit
  • Long 15-month 0% APR promotion
  • No annual fees
VISIT SITE

Show More

This is one of the best 0% interest credit cards with no balance transfer fee services. The American Express Cash Magnet credit card is suitable for students and business executives who need emergency cards to pay for goods and services on the go. Full Review

Bonus

★★★★☆ 4/5

Benefits

★★★★☆ 4/5

Rewards

★★★★☆ 4/5

Fees

★★★★★ 5/5

8. Discover it Cash Back

With Discover It Cash Back, the cash you earn will be automatically matched at the end of the year. You can earn 5% back for purchases in different quarterly categories. Full Review

  • No annual fees
  • 0% intro APR for 14 months
  • No foreign transaction fees
Visit Website

Show More

With Discover It Cash Back, the cash you earn will be automatically matched at the end of the year. You can earn 5% back for purchases in different quarterly categories. Full Review

Bonuses

★★★★★ 5/5

Benefits

★★★★☆ 4/5

Rewards

★★★★★ 5/5

Fees

★★★★★ 5/5

9. Petal 2 Visa Credit Card

For those with no or poor credit score, Petal 2 comes across as a life-saver. There are also no fees whatsoever, and a security deposit isn’t required either. Full Review

  • No fees of any kind
  • Cash flow technology
  • Great mobile app
Visit Website

Show More

For those with no or poor credit score, Petal 2 comes across as a life-saver. There are also no fees whatsoever, and a security deposit isn’t required either. Full Review

Bonus

N/A

Benefits

★★★★★ 5/5

Rewards

★★★★☆ 4/5

Fees

★★★★★ 5/5

10. Discover it Miles

This card’s strong points, such as avoiding blackout dates and the lack of annual fees, make it a tempting option to all those who are looking forward to traveling. Full Review

  • 0% intro APR for 14 months
  • No annual fees
  • Miles can be redeemed for travel or converted back to cash at the same rate
Visit Website

Show More

This card’s strong points, such as avoiding blackout dates and the lack of annual fees, make it a tempting option to all those who are looking forward to traveling. Full Review

Bonus

N/A

Benefits

★★★★★ 5/5

Rewards

★★★★★ 5/5

Fees

★★★★★ 5/5

11. Upgrade Visa Card with Rewards

For no fees and an APR as low as 8.99%, you can request a check-up of your credit line without initiating a hard inquiry. You'll also get 1.5% cashback on every purchase you make.

  • No fees
  • You can apply even with an average credit score
  • Preapproval without a hard pull
Visit Website

Show More

For no fees and an APR as low as 8.99%, you can request a check-up of your credit line without initiating a hard inquiry. You'll also get 1.5% cashback on every purchase you make.

Bonus

N/A

Benefits

★★★★☆ 4/5

Rewards

★★★★☆ 4/5

Fees

★★★★★ 5/5

Top No Interest + Low APR Credit Cards In 2021

U.S. Bank Visa® Platinum Card
U.S. Bank Visa® Platinum Card

Best Overall Interest-Free Credit Card

Visit Website
  • 20-month 0% interest charges
  • No interest credit cards with no annual fee
  • Offers a cell phone protection plan
  • No rewards or bonuses
  • You have to pay foreign transaction fees

The U.S. Bank Visa Platinum card is one of the best no interest credit cards for excellent credit that you can get. This card issuer offers reasonable terms including no penalty APRs and long introductory periods. It’s also easy to sign up for this credit card so it’s suitable for most people who need credit to pay for goods and services.

Fees and APR

The U.S Bank Visa Platinum card offers a 0% APR for up to 20 months on balance transfers and purchases. Thereafter, the regular APRs are between 13.99% and 23.99%. You can expect to pay a foreign transaction fee ranging between 2% and 3% but there are no annual fees.

Benefits

The benefit of the U.S Bank Visa Platinum card is that they offer a cell phone protection plan which helps deter credit card fraud. If you pay your credit card balance in full within the 20-month 0% period, you’ll avoid paying high interest. If you’re looking for the longest 0 interest credit card, Visa Platinum is your answer.

Bonuses and Rewards

There is no loyalty program offered on this credit card at the moment so don’t expect any rewards or bonuses. However, the credit card company does offer 0% APRs for 20 months which is longer than most card issuers can offer.

Citi Simplicity® Card
Citi Simplicity® Card

Best 18 Month 0% Interest Card

Visit Website
  • Offers protection against fraud and unauthorized charges
  • One of the best credit cards with no interest for 18 months
  • No annual fees
  • 3% foreign transaction fees
  • No bonuses or rewards

Citi Simplicity is one of the best no interest credit cards on the market because you don’t get charged penalty fees or annual fees. You’ll need an excellent credit score to sign up but there are many benefits to using this credit card. Let’s find out what they are.

Fees and APR

You won’t pay any APRs for up to 18 months when you use the Citi Simplicity card. This includes rates on balance transfers and purchases. From then on, you’ll pay between 14.74% and 24.74% APR and a minimum balance transfer fee of $5. Foreign transactions are 3% but there are no annual fees.

Benefits

During your 18 months of 0% interest charges, you can save on every purchase and transaction you make. Transfers can be done within 4 months of opening your account. Additionally, this credit card is suitable for business and travel because the Citi Simplicity card foreign transaction fee is low.

Bonuses and Rewards

There are currently no bonuses or reward programs offered on this card. But this card issuer does offer protection against identity theft and 0% liabilities on unauthorized charges.

Amex EveryDay® Credit Card
Amex EveryDay® Credit Card

Offers the Best Bonus Rewards

Visit Website
  • No annual fees
  • Has revolving credit options
  • Excellent reward and bonus deals
  • Charges 2.7% for foreign transactions
  • You need an excellent credit portfolio
  • Offers car rental loss and damage insurance

If you want no interest credit cards with rewards then the Amex EveryDay credit card is for you. This card is versatile, so merchants or students can benefit from using it. What’s more, the Amex EveryDay company offers payment flexibility that allows you to pay monthly or the full balance before the 0% APR promotion ends.

Fees and APR

There are 0% APR charges for the first 15 months of being a cardholder with Amex EveryDay. Balance transfers are not applicable for the promotion period. After that, you can expect to pay 12.99% or 23.99% APRs. Foreign transaction fees will cost you 2.7% and there are 0% annual fees.

Benefits

You can avoid bankruptcy when using your Amex EveryDay credit card to pay off your other bills. If you love to travel, you can earn rewards using your Amex EveryDay card to pay for flights or accommodation. The credit card company also offers car rental loss and damage insurance.

Bonuses and Reward

Amex EveryDay offers the best no interest credit card deals on the market. The welcome bonus offers you 10,000 membership points after a $1,000 purchase in your first 3 months. Additionally, you get 2x membership points when you spend $6,000 per year at supermarkets. You’ll also get 1x membership points for every dollar you spend.

SavorOne Rewards from Capital One
SavorOne Rewards from Capital One

Best No Interest Credit Cards for Fair Credit

Visit Website
  • Easy to redeem rewards
  • No foreign transaction fee
  • Excellent cashback rewards
  • Ideal for business travel
  • 3% for balance transactions
  • Only applicable for excellent credit scores

SavorOne Rewards offers premium experiences such as VIP tickets and five-star meal rewards. The company has made it easy for clients to redeem their rewards online. This is one of the top no interest credit cards for small businesses, students, and travelers.

Fees and APR

The SavorOne Rewards from Capital One is one of the best no interest small business credit cards for executives that travel frequently. This is because there are no foreign transaction fees, and the company offers travel accident insurance.

For 15 months you can benefit from 0% APRs. Thereafter, you can expect to pay between 15.49% and 29.45% on APRs. Balance transfers from a deposit account will cost you 3% during the 0% APR period and no fees when the promotion ends.

Benefits

The SavorOne Rewards card is perfect if you are still paying off home equity. It helps you save money and you can earn the best rewards. The credit card company gives you travel assistance and accident insurance. You’ll also benefit from personalized dining and entertainment packages.

Bonuses and Rewards

You can earn 5% cashback with Uber Eats and 3% on dining and entertainment. Additionally, you can earn 2% cashback on purchases at the grocery store and 1% on all other purchases. The SavorOne Rewards card offers a $200 cash bonus when you spend $500 within 3 months of opening your account.

Chase Freedom FlexSM Credit Card
Chase Freedom FlexSM Credit Card

Best Straightforward Credit Card

Visit Website
  • Bonuses must be activated manually each quarter
  • Quick approvals
  • No late APR penalties
  • Best no interest credit cards offers
  • Charges 3% for foreign transactions

If you want no interest credit cards with instant approval, then pick Chase Freedom FlexSM. Although you’ll need a credit score of 700 to get approved, the process is effortless. Once you have your card you’ll reap many benefits such as insurance and fraud monitoring.

Fees and APR

When you sign up for the Chase Freedom FlexSM card you’ll get 15 months of 0% interest on all purchases. When the promotion is over you’ll pay low-interest rates between 14.99% and 23.74%. You can expect to pay $5 for each balance transfer fee and 3% on foreign transactions.

Benefits

The Chase Freedom FlexSM company is one of the top low interest credit cards you can get after the 0% APR promotion is done. This company offers protection plans for fraud and extended warranty benefits. You’ll also appreciate its free credit score and identity restoration services. Link a strong bank identification number to your card so no one else can use it except for you.

Bonuses and Rewards

You get a $200 bonus after you spend $500 in the first 3 months of getting your Chase Freedom FlexSM card. What’s more, you’ll get 5% cashback rewards when you buy items at the grocery store once you spend $12,000 in the first year.

Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card

Best for Customizing Payment Dates

Visit Website
  • No annual fees
  • 24/7 customer service
  • Best no interest credit cards with 18 months of 0% APR
  • No bonus or rewards
  • High late payment penalty fees

When you compare other no interest credit cards to Citi Diamond Preferred Card, you’ll see that this company offers many benefits that other card issuers do not. You get to pick your monthly due date for repayments and you can set a spending limit on your card. This card is perfect for emergency purchases when you don’t have cash on hand.

Fees and APR

You will have 18 months of 0% APRs and there are no annual fees. After the promotion, you’ll pay between 14.74% and 24.74% APR. There is a 3% charge on balance transactions and 3% on foreign transactions. Late payments can cost $39 and increase your APR to 29.99%.

To avoid a charge-off, always pay your Citi Diamond Preferred credit card on time. The Citi Diamond Preferred card grace period is 23 days so you can pay your account before getting charged a penalty fee.

Benefits

The Citi Diamond Preferred card issuer offers theft and damage purchase protection, as well as Citi Diamond Preferred extended warranty services. There’s also 24/7 customer service in case you need to report a stolen card or fraud. One flaw is it used to offer rental insurance but no longer does.

Bonuses and Rewards

Citi Diamond Preferred currently doesn’t offer bonuses or rewards. However, it does offer a straightforward plan when you want to make large purchases and a $200 refundable deposit for security protection.

  • Best no interest credit cards with a high limit
  • No annual fees
  • Expensive foreign exchange fees
  • Long 15-month 0% APR promotion
  • You need excellent or good credit to apply

The American Express Cash Magnet is one of the best no interest credit cards for college students who have part-time jobs. This is because the credit card issuer offers excellent cashback rewards on purchases. It can also be used for emergencies when you don’t have physical cash to spend.

Fees and APR

For 15 months you can benefit from spending without getting charged any interest. After the grace period is over, you’ll be charged between 13.99% and 23.99% on APRs. There is a 2.7% foreign transaction fee so it may not be suitable if you’re a frequent flyer and you need to spend in other countries. However, there are no annual fees.

The late payment penalty fee is $40 but the company does offer a 25-day grace period so you can keep your account up to date. You must make sure you make payments on time to avoid an increase in APRs.

Benefits

Many shops and companies accept payments with American Express Cash Magnet. You can check your 0% interest credit card eligibility on the company’s website. The company also offers car rental and damage insurance.

Bonuses and Rewards

With your American Express Cash Magnet Card, you get 1.5% cashback on all purchases. For bonuses, you can earn a $150 statement credit after spending $1,000 in the first 3 months of having your card.

Discover it® Cash Back
Discover it® Cash Back

Covering Basic Living Expenses

Visit Website
  • No annual fees
  • 0% intro APR for 14 months
  • 24/7 customer service
  • No foreign transaction fees
  • It can be difficult to track rotating bonus categories
  • Limited international acceptance

Excellent at pitching credit cards with the lowest APR, Discover it® has a trump card – namely, the Cash Back credit card. With it, the cash you earn will be automatically matched at the end of the year. This is a great way to manage your everyday expenses since you can earn 5% back for purchases in different quarterly categories.

Fees and APR

There aren’t any annual or foreign transaction fees, and the intro APR is 0% for the first 14 months. Following this period, the standard APR of 11.99% to 22.99% applies. The higher your credit score, the lower the APR.

Benefits

The Freeze itⓇ option allows you to freeze your credit card and any further purchases/transfers when it is stolen or lost, thereby protecting you from identity theft. In these circumstances, you can also request free overnight shipping of a new low-interest credit card.

Bonuses and Reward

Discover it offers a sign-up bonus matching miles to dollars, leaving you with almost a doubled amount of cash after 12 months. Rewards come in two shapes. You can get 5% back on up to $1,500 in purchases in different categories each quarter (designated by the bank’s cashback calendar) and 1% back on every other purchase.

Petal® 2 Visa® Credit Card
Petal® 2 Visa® Credit Card

Those of you without previous credit history

Visit Website
  • No fees of any kind
  • Mobile app for managing money
  • Cash flow technology
  • No sign-up bonus
  • No intro APR

One of the few credit cards with low-interest rates available to people with no or poor credit score, PetalⓇ 2 comes across as a life-saver. With a mobile app for Android and iOS, where you can always check your financial standing, this card can be considered a great starting point for the younger generation.

Fees and APR

There are no fees whatsoever. A security deposit isn’t required either. The ongoing variable APR is somewhere between 12.99% and 26.99%. However, there’s no introductory APR.

Benefits

You are entitled to all Visa benefits such as roadside dispatch, auto rental collision, and Uber Credit. Besides, even though it is among credit cards with low APR, PetalⓇ 2 allows a pretty high credit limit of $10,000.

Bonuses and Reward

Unfortunately, no welcome bonus is offered with this card. As for rewards, you will start with 1% cashback on all purchases, and with regular monthly payments, your reward rate can increase to 1.5%. Furthermore, you can get up to 10% cashback when using the card to pay merchandisers found on Petal Offers.

  • No annual fees
  • Miles can be redeemed for travel or converted back to cash at the same rate
  • 0% intro APR for 14 months
  • No foreign transaction fee
  • You need an excellent credit portfolio
  • Limited international acceptance

Being one of the best low APR credit cards, Discover it® Miles is an excellent option for travelers on a tight budget. Since we are all yearning for the pandemic to be over so that we can catch a plane and escape somewhere, this card’s strong points, such as avoiding blackout dates and the lack of annual fees, make it all the more tempting.

Fees and APR

Neither annual nor foreign transaction fees are charged. However, although the intro APR is 0% for 14 months, the Standard Variable Purchase APR ranging from 11.99% to 22.99% will apply afterward. The exact amount of the APR will depend on your creditworthiness.

Benefits

The card has no minimum redemption amount set. This means that even rewards as small as 1 point count so you can reimburse yourself for incidental expenditures as well. You can also avoid blackout dates and book a hotel or flight any time. Finally, there’s an option to use your rewards directly on Amazon.

Bonuses and Reward

Not only is it among the lowest APR credit cards, but Discover it Miles also provides you with 1.5 miles per dollar spent on any purchase, with no limit to how many miles you can earn. An unlimited bonus is at your disposal as well; all the earned miles will be automatically matched at the end of the year.

Upgrade Visa® Card with Rewards
Upgrade Visa® Card with Rewards

those who want to build their credit score

Visit Website
  • No fees of any kind
  • You can apply even with an average credit score
  • Immediate access to virtual card
  • Preapproval without a hard pull
  • Not available in all states
  • No sign-up bonus

What makes this card worthy of consideration is that the issuer doesn’t perform a hard inquiry, which is not always the case with other similar low-interest rate credit cards. Additionally, the personal loan amount is more than satisfying since you can opt for as much as $50,000, whereas the credit line amounts to $25,000.

Fees and APR

There are absolutely no fees, as well as no intro APR. The ongoing APR fluctuates between 8.99% and 29.99%. However, bear in mind that the lowest rate is possible only if you choose the autopay service.

Benefits

Payments are reported to all three major credit bureaus, so you can start the slow process of building your credit score by using this credit card responsibly. Furthermore, you can request a check-up of your credit line without initiating a hard inquiry, which would entail losing precious credit points. You don’t have to wait for the Upgrade card to arrive by mail, rather you get immediate access to the virtual lowest interest rate credit card.

Bonuses and Reward

Although bonuses are not offered, you will get 1.5% cashback on every purchase you make. In this way, all earnings will be automatically applied to the next month’s balance, thereby serving as a prepayment on your bills.

Best Credit Cards With No Interest – Buyer’s Guide

So now that you know more about 0% APR credit cards, how do you pick the best one for your needs?

How to Choose the Best No Interest Credit Cards

In this section, you’ll find out what there is to know about quality no interest credit cards. This section will help you pick one of the best zero interest credit cards for your needs.

Purpose

What do you need your no interest credit card for? Or one of the credit cards with low interest rates? That’s what you need to consider before you apply for one. College students with no credit history use credit cards to build their FICO score. This is because there are card companies that don’t require a credit record for you to apply. So it’s the perfect way for you to improve your scores.

No interest credit cards are versatile, especially those that offer rewards. It’s advised that you use your credit card as much as possible while there is a 0% APR promotion. This way you can get the most out of your credit without paying interest. With your card you can do the following:

  • Purchase clothes
  • Buy food
  • Travel
  • Pay for fuel
  • Purchase gifts for loved ones
  • Buy items online
  • Pay for your Netflix account

No interest credit cards are ideal for students who don’t earn a lot of money. So pick a 0% APR credit cards for 24 months so you can make purchases without worrying about APRs on repayments.

These cards are also great for making large purchases such as cars or TVs without having to pay interest on top of your payment.

Is There an Income Threshold?

An excellent income for a credit card is $31,000 for one person. However, there is no official income amount for credit card approval. Simply put, the more you earn, the more credit you’ll get on your card.

Most credit card companies will require information on how much you earn to see if you can afford repayments. Your monthly income and your expenses will determine how much credit you’re eligible for. The repayments and interest charges are structured in a way that doesn’t allow you to fall into bad credit.

Bank Requirements (minimum credit score)

When you apply for your credit card you must supply the company with your social security number and your monthly income. The company will check your FICO score and credit history.

To apply for a credit card in the US you must have a minimum credit score of 600 or a maximum of 750 to be approved. However, there are no interest credit cards for no credit history or poor scores.

Additionally, you must be 18 years or older to apply for a credit card in the US. If you’re married, you must supply your marriage certificate and your annual joint income.

Annual Fees

For 0% interest credit cards you won’t pay annual fees for up to 12 or 24 months. This can apply to interchange fees and purchase fees. Thereafter you can expect to pay annual fees that typically range between 13% and 25% annually.

However, annual fees may differ depending on the type of credit card you opt for. College students have low APRs because they have a lower income than people who work full time. Business APRs can range between 14% and 22%.

It’s important to pick a credit card with the lowest APR to make sure you can afford repayments at the end of the year.

Rewards/Bonuses on Offer

Some credit card companies offer cashback rewards. When you use your credit card to pay for items you can earn between 1% and 2% on your purchases. What’s more, if you’re a first-time applicant you can get a bonus offer simply for signing up. You can get $50 cash bonuses when you apply for certain credit cards.

There are also reward systems for on-time payments and for students that can get cashback rewards if they maintain their grades. So pick the best no interest credit cards with rewards so you can earn money when you spend.

Additional Perks and Advantages

Besides earning rewards and building your credit score there are other benefits to having a credit card. Take a look at the following perks:

  • Excellent for emergencies when you have no cash with you
  • You get protection against credit card fraud
  • Receive free credit score information
  • No links to your cheque or savings account

Additionally, credit cards have chip and PIN technology so you can complete transactions by tapping or using keyed transactions to pay for items.

Low Interest Vs. No Interest Credit Cards

As mentioned before, no interest credit cards are only relevant for a certain period of time. So you may not pay interest for a few months but afterwards you will be charged a certain percentage either per month or annually.

Low interest credit cards will charge you APRs but at a lower rate. It’s important to check the rates on transactions, foreign exchanges, and balance transfers before signing up. You want to pick low interest high limit credit cards so that it’s more convenient to pay the monthly installments.

Get the Most Out of Your No/Low Interest Credit Card – Tips

If you want to get the most out of your no/low interest credit card, you must use it for purchases while you’re in the 0% APR stage. You can make as many purchases as you like without getting charged interest rates for them. Furthermore, it’s an excellent opportunity to get your debt managed and under control before you have to pay annual percentage rates again.

Always pay your account on time because late fees can result in extremely high penalty fees. On the other hand, you can easily earn rewards when you use your credit card to pay bills on schedule. Furthermore, if you pay your credit card balance early, you’ll still receive your rewards and you’ll avoid paying interest.

If you don’t want to spend time claiming your rewards each month, then pick one of the top rated no interest credit cards on our list that offer automatic transfers.

How 0% APR Credit Cards Work

0% APR credit cards can help you save on interest charges for a short period of time (typically between 12 and 24 months). No interest will only apply if you adhere to the terms and conditions of the credit card company. If you violate the terms and conditions, the credit card company can terminate the 0% APR deal.

Termination of the 0% APR deal usually occurs when you make late payments. Not keeping your account up to date can increase your APRs, so it’s important to make payments on time. Some companies offer a grace period of 25 days for you to pay your account.

When the 0% APR deal is over, the credit card company will then start charging you regular interest. On the other hand, you may still have to pay interest on other charges such as balance transfers and cash withdrawals. You can get companies that offer 0% interest credit card balance transfer options too. Make sure you read the terms and conditions before you pick a credit card so you know if the company is running a 0% APR promotion and the percentage that will be charged when the promotion ends.

APR Credit Card Types

There are four types of APR which can be charged at different rates depending on what you use your card for. Let’s take a look at the following four APR types:

  • Purchase APR: Whether you use a physical or digital card to pay for goods you can be charged APR for everything you buy.
  • Cash Advance APR: When you borrow money from a credit card company you’ll pay APR on top of your repayments.
  • Penalty APR: You can get charged interest on late repayments. As mentioned before, some companies provide a grace period for you to pay your account on time before charging APR.
  • Introductory APR: An introductory APR is designed for first-time applicants that don’t have to pay APR for a certain period of time. There are no interest credit cards for 24 months you can choose. This means you’ll have a 0% APR for 24 months which is ideal if you want to save money. You can make as many purchases as your credit limit will allow within 24 months and you won’t pay any introductory interest rate.

Best Interest-Free Credit Cards in 2021 at a Glance

How We Created This List – Our Methodology

Picking no interest credit card for your financial management can be challenging. The same goes for credit cards with low apr. There are many companies that seem like they have excellent offers but there’s always a catch to their services. It gets even more challenging with no interest credit cards for bad credit. In our methodology section, you can find the type of information we’ve researched for our reviews so you can pick the best credit card for your needs. Here’s what we considered:

  • Annual APR fee.

An annual APR fee is the annual percentage rate of the credit card. This fee is charged at the end of the year instead of monthly. Some of our top picks help have no APR. Pick a credit card that either has a low APR or none at all.

  • Balance transfer fee.

This is the process of transferring debt from one credit card to another. Typically a transfer fee can cost between 3% and 5% of the amount you want to transfer. Or you could pick a credit card with low transfer fees.

  • Notable card features.

There are no interest credit cards that offer signup bonuses and rewards. Pick the best cash back credit cards if you want to make money when purchasing goods.

  • Customer reviews.

Reading customer reviews gives you an overview of the credit card company’s processes and customer satisfaction ratings. Reviews are a good way to do research before selecting a no interest credit card.

Key Takeouts

Some people need credit cards to purchase goods and services that may be a necessity. A credit card is ideal when you need to make emergency purchases and don’t have cash. A 0% interest credit card is also ideal when you need to make a purchase but don’t want to spend extra money on APR.

So pick a credit card with no interest on our review list if you want to make large purchases without paying APR charges. You’ll see that some cards have no rates on balance transfers or foreign transfer fees. Pick one that will help you save and offer you excellent rewards and bonuses.

FAQ

How can I get 0% interest on my credit card?

Simply find a credit card company that’s running a 0% interest promotion. Ideally, you want to pick a credit card that offers the promotion for more than a year. You can get no interest credit cards for 24 months which is ideal if you want to make big purchases within that time.

Are 0% interest credit cards good?

Yes, 0% interest credit cards are excellent to have if you want to save money and improve your credit score. The no interest promotion can help you avoid credit risk. So if you have debt that’s causing you financial stress or you want to make a big purchase, a credit card with 0% interest is an excellent choice.

What credit cards are offering balance transfers at 0%?

The companies mentioned in our reviews are the best no interest credit cards 2021 has to offer. But the banks offering 0% balance transfers are Amex EveryDay and Citi Diamond Preferred.

How do zero interest credit cards work?

A credit card company offers 0% APR between 12 and 24 months. So when you make purchases using your card during this time, you won’t be charged annual percentage rates. After the interest-free period is finished, the credit card’s standard APRs will apply.

Are there no interest credit cards for 24 months?

You can find credit cards with zero interest for 24 months and, although you may have to dig deep!

What is purchase intro APR?

It means paying interest on purchases for a certain period of time, during which the APR is usually lower or even 0%. This period is often 12-24 months.

How to get lower interest rates on credit cards?

There are several options you can take into consideration when it comes to getting lower interest rates on credit cards. Some of them are:

  1. Using a debt management plan;
  2. Open a new card;
  3. Negotiate a lower rate.
Should you pay off your zero interest credit card?

Yes, you should pay off your zero interest credit card but you should do so within the promotion period of the APR. This is done so you don’t have to pay high interest charges when the 0% APR promotion is finished. Even the best no interest credit cards do not offer 0% APR indefinitely.