The Ultimate Guide to Credit Cards
Saturday, September 26, 2020

18 Best Credit Cards with No Interest for 12+ Months

Best Credit Cards With No Interest For 12 Months

credit card advice

Eric Bank
By: Eric Bank
Updated: March 30, 2020
Advertiser Disclosure

Fierce competition among credit card companies motivates them to appeal to the masses in several ways. One of their most potent marketing ploys is to offer no-interest borrowing and balance transfers for new cardmembers.

Our experts have identified the 18 best credit cards with no interest for at least one year. This can be especially useful if you want to charge a big-ticket item or consolidate your credit card balances. Read on to learn which cards give you the best interest-free introductions.

0% APR on Purchases | 0% APR on Balance Transfers | FAQs

Cards with 0% Interest on New Purchases for 12+ Months

These cards let new cardmembers stretch out interest-free payments on new purchases for a year or longer. Depending on your credit limit, an introductory offer could save you hundreds of dollars in interest charges.

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn unlimited 1.5% cash back on all other purchases.
  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
  • No annual fee.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
N/A
14.99% - 23.74% Variable
$0
Good/Excellent

The Chase Freedom Unlimited® card offers new cardmembers 15 months of interest-free purchases. In addition, it offers a bonus cash back rate on grocery purchases up to a set amount spent in the first 12 months. This no-annual-fee card provides zero liability protection, 120-day new-purchase protection, a year extension on eligible warranties, and free unlimited access to your credit score.

Chase Freedom Flex℠ Review

at the issuer'ssecure website

0% INTRO APR RATING

★★★★★
4.8

OVERALL RATING

4.9/5.0
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.
  • No annual fee.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
N/A
14.99% - 23.74% Variable
$0
Good/Excellent

The 0% intro APR from the Chase Freedom Flex℠ card is for the first 15 months after account opening. The card also lets you earn a bonus cash back reward when you spend the specified amount on purchases in the first three months. You can earn bonus cash back on rotating categories you activate each quarter and unlimited flat-rate cash back rewards on all other purchases.

0% INTRO APR RATING

★★★★★
4.9

OVERALL RATING

4.8/5.0
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.49%-25.49% variable APR after that
  • Pay no annual fee or foreign transaction fees
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
N/A
15.49% - 25.49% (Variable)
$0
Excellent, Good

The Capital One® QuickSilver® Cash Rewards Credit Card markets to new cardmembers by offering 15 months of 0% APR on purchases. This no-annual-fee card offers unlimited cash back rewards on all purchases and a one-time cash bonus when you spend a set amount in the first three months from account opening.

0% INTRO APR RATING

★★★★★
4.9

OVERALL RATING

4.8/5.0
  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.49% - 25.49% variable APR after that
  • No foreign transaction fee
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
N/A
15.49% - 25.49% (Variable)
$0
Excellent, Good

The Capital One® SavorOne® Cash Rewards Credit Card offers new cardmembers 15 months of 0% APR on purchases. It has three tiers of unlimited cash back rewards and a one-time cash bonus when you spend the required amount on purchases during the first three months. The card charges no annual fee.

Wells Fargo Cash Wise Visa® Card Review

at the issuer'ssecure website

0% INTRO APR RATING

★★★★★
4.8

OVERALL RATING

4.6/5.0
  • Unlimited 1.5% cash back on purchases
  • Earn a $150 cash rewards bonus when you spend $500 in purchases in the first 3 months
  • Introductory 0% APR on purchases and balance transfers for 15 months from account opening
  • Account protections such as 24/7 Fraud Monitoring, Alerts, and Zero Liability protection for promptly reported unauthorized transactions
  • $0 annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
14.49% - 24.99%
$0
Good/Excellent

The no-annual-fee Wells Fargo Cash Wise Visa® Card provides a 0% APR on purchases for a limited time. You can also earn a cash reward by spending the required amount in purchases during the first three months. The card offers unlimited cash rewards on all purchases.

Bank of America® Cash Rewards Credit Card Review

at Bank Of America'ssecure website

EXPERT'S RATING

★★★★★
4.9

OVERALL RATING

4.7/5.0
  • 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings
  • 2% cash back at grocery stores and wholesale clubs
  • 1% cash back on all other purchases
  • Enjoy a $200 cash rewards bonus after spending at least $1,000 in purchases in the first 90 days of account opening
  • Introductory 0% APR for your first 12 billing cycles for purchases and balance transfers made within 60 days of account opening (balance transfer fee applies)
  • $0 annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
0% for 12 months
13.99% - 23.99%
$0
Good/Excellent

The Bank of America® Cash Rewards Credit Card allows cardholders to choose a category that will yield them an elevated 3% cash back. These categories include online shopping, which provides even more money back for purchases you’re already making. Who doesn’t love free money?

7. Discover it® Cash Back

This card is currently not available.

0% Intro APR Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Discover it® Cash Back card offers an extended introductory APR for new customers. When activated, quarterly bonus categories offer high cash back rates (up to the quarterly maximum) and cash back at a reduced standard rate on all other purchases.

8. Discover it® Miles

This card is currently not available.

0% Intro APR Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Discover it® Miles card offers a lengthy introductory period on new purchases. You also earn miles rewards on all purchases with no blackout dates and free Social Security number alerts. Other benefits include a free FICO score and instant account freeze/unfreeze.

0% INTRO APR RATING

★★★★★
4.6

OVERALL RATING

4.8/5.0
  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25X miles on every purchase, every day
  • Travel when you want with no blackout dates and fly any airline, stay at any hotel, anytime
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Transfer your miles to over 10+ travel loyalty programs
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
N/A
15.49% - 25.49% (Variable)
$0
Excellent, Good

The Capital One VentureOne® Rewards Credit Card gives new cardmembers an initial 12-month period of 0% APR on purchases. This $0-annual-fee card offers a mileage reward on every dollar you spend on purchases. Furthermore, you get bonus miles when you purchase the required amount in the first three months. Your miles never expire as long as the account remains open.

CITI® RATING

★★★★★
4.7

OVERALL RATING

4.7/5.0
  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
0% for 21 months
14.74% - 24.74% (Variable)
$0
Excellent/Good

The Citi Simplicity® Card also offers new cardmembers 0% interest on purchases for 12 months and 0% for 21 months on balance transfers. The card charges no annual fee, no late fees, and no penalty rates. You also get $0 liability protection and fast alerts if Citi detects any suspicious activity on your account.

Wells Fargo Propel American Express® Card Review

at the issuer'ssecure website

0% INTRO APR RATING

★★★★★
4.6

OVERALL RATING

4.8/5.0
  • Earn 3X points on eating out and ordering in; gas stations, rideshares, and transit; flights, hotels, homestays, and car rentals; and popular streaming services - all other purchases earn 1X points
  • Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months
  • Introductory 0% APR on purchases and balance transfers for 12 months from account opening
  • No limit to points you can earn, and points don't expire as long as your account remains open
  • Cell phone protection helps protect your cell phone from damage or theft
  • $0 annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
0% for 12 months
14.49% - 24.99%
$0
Good/Excellent

The Wells Fargo Propel American Express® Card offers a 0% introductory APR on purchases for a limited period after account opening. You can earn bonus points by spending the required amount on purchases during the first three months. The card charges no annual fee, and points never expire while you keep the account open.

Cards with 0% Interest on Balance Transfers for 12+ Months

These cards give you a period of at least 12 months to avoid interest on balances transferred from other credit cards. Most charge a one-time fee for each transfer, even in the introductory period. Also, some require you to complete your transfers in the first several months after account opening to get the promotional rate.

12. Discover it® Balance Transfer

This card is currently not available.

0% Balance Transfer Rating

★★★★★
N/A

OVERALL RATING

N/A
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A
N/A
N/A

The Discover it® Balance Transfer card offers the longest introductory period on balance transfers of all Discover cards. You earn bonus cash back on quarterly rotating categories that you activate, and regular flat-rate cash back on all other purchases. Transferred balances do not earn rewards.

CITI® RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
0% for 18 months
13.99% - 23.99% (variable)
$0
Excellent/Good

The Citi® Double Cash Card charges a 0% APR for 18 months on balance transfers you complete within four months of account opening. Transfers must be made within four months of opening the account to qualify for the intro rate, and a 3% fee applies to each transfer. The card offers cash back when you purchase new items and again when you pay for them. Balance transfers earn no cash back.

CITI® RATING

★★★★★
4.7

OVERALL RATING

4.7/5.0
  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 14.74% - 24.74%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 14.74% - 24.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
0% for 21 months
14.74% - 24.74% (Variable)
$0
Excellent/Good

The Citi Simplicity® Card is another card currently offering 18 months of 0%-interest balance transfers, but a 3% (or $5) balance transfer fee applies, whichever is greater. The card charges no annual fee, no late fees, and no penalty rates. Cardholders also get $0 liability protection and fast alerts if Citi detects any suspicious activity on your account.

0% BALANCE TRANSFER RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.49%-25.49% variable APR after that
  • Pay no annual fee or foreign transaction fees
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
N/A
15.49% - 25.49% (Variable)
$0
Excellent, Good

You get an introductory 15-month period for 0% balance transfers and purchases from the Capital One® Quicksilver® Cash Rewards Credit Card. Balance transfers incur a fee and earn no cash back. Purchases earn unlimited cash back, and you get a one-time cash bonus by spending the required amount during the first three months after opening the account. The card charges no annual fee.

0% BALANCE TRANSFER RATING

★★★★★
4.7

OVERALL RATING

4.8/5.0
  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.49% - 25.49% variable APR after that
  • No foreign transaction fee
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
N/A
15.49% - 25.49% (Variable)
$0
Excellent, Good

The Capital One® SavorOneSM Cash Rewards Credit Card is a tiered rewards card with varying rates of cash back on different purchase categories. You get a 0% introductory APR for 15 months on balance transfers and purchases. You must pay a fee for each balance transfer during the introductory period. Transfers earn no cash back, and the annual fee is $0.

Wells Fargo Cash Wise Visa® Card Review

at the issuer'ssecure website

0% BALANCE TRANSFER RATING

★★★★★
4.7

OVERALL RATING

4.6/5.0
  • Unlimited 1.5% cash back on purchases
  • Earn a $150 cash rewards bonus when you spend $500 in purchases in the first 3 months
  • Introductory 0% APR on purchases and balance transfers for 15 months from account opening
  • Account protections such as 24/7 Fraud Monitoring, Alerts, and Zero Liability protection for promptly reported unauthorized transactions
  • $0 annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
14.49% - 24.99%
$0
Good/Excellent

The Wells Fargo Cash Wise Visa® Card offers a 0% introductory APR on balance transfers and purchases for a limited period after opening the account. You must complete your transfers within the first 120 days to earn the introductory rate and fee. This no-annual-fee card provides cash back on all purchases (but not on transfers).

One thing to note, particularly if you’re thinking of signing up for multiple Wells Fargo cards, is that you can only earn one Wells Fargo signup bonus every 15 months. So, you may need to space out your signups if you want to earn multiple signup bonuses.

Wells Fargo Propel American Express® Card Review

at the issuer'ssecure website

0% BALANCE TRANSFER RATING

★★★★★
4.7

OVERALL RATING

4.8/5.0
  • Earn 3X points on eating out and ordering in; gas stations, rideshares, and transit; flights, hotels, homestays, and car rentals; and popular streaming services - all other purchases earn 1X points
  • Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months
  • Introductory 0% APR on purchases and balance transfers for 12 months from account opening
  • No limit to points you can earn, and points don't expire as long as your account remains open
  • Cell phone protection helps protect your cell phone from damage or theft
  • $0 annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
0% for 12 months
14.49% - 24.99%
$0
Good/Excellent

The Wells Fargo Propel American Express® Card gives you an introductory 0% APR on balance transfers and purchases. The deadline for balance transfers to receive the promotional APR is 120 days after opening the account. The balance transfer fee is lower during the promotional period.

The card earns bonus points on certain purchase categories and regular points on all other purchases. The card has no annual fee, and balance transfers earn no cash back.

What Does 0% APR for 12+ Months Mean?

The annual percentage rate, or APR, is the interest rate a credit card charges on unpaid balances. Normally, if you pay your entire card balance by the next due date, you will not face interest charges.

A 0% APR for 12+ months means you won’t have to pay interest on the balance during a promotional period of at least 12 months from account opening. Credit cards sometimes make separate 0% offers for purchases and for balance transfers. For example, the Citi Simplicity® Card currently offers different promotional periods for balance transfers and purchases.

Some cards require you to complete your balance transfers within a period shorter than the promotional period. For example, the Wells Fargo Propel American Express® Card gives you 120 days from account opening to conclude the balance transfers that will earn the promotional rate.

Many cards charge a balance transfer fee that is the larger of a fixed percentage or cash amount. For example, you may see a fee of 3% of the transferred amount or $5, whichever is greater. None of the cards in this review charge retroactive interest on transferred balances that are not fully paid by the end of the introductory period. However, if you pick a card that is outside of this group, check the fine print before applying.

What is the Best 0% Interest Credit Card?

The best card with 0% interest on purchases is the Chase Freedom Unlimited® (0% Intro APR on Purchases 15 months), and it offers a highly competitive cash back rewards program with no annual fee. When you earn rewards on a card with 0% interest or just pay your balance in full each month, you’re quite literally earning free money just for using the card.

For balance transfers, the winner is the Citi Simplicity® Card. This card currently allows a full 21 months of interest-free balance transfers followed by a competitive ongoing APR thereafter. Balance transfer amounts do not qualify for rewards, however, and a balance transfer fee may apply.

Be sure to review the regular APR for each card that kicks in after the 0% period is over. It’s wise to choose the card with the lowest APR possible, even if you lose a month or two 0% financing.

What Credit Card Has the Longest Interest-Free Period?

In the category of cards with the longest interest-free period for purchases, the winner at 18 months is the Citi Simplicity® Card. No other card in this list offers a 0% APR on purchases for 18 months.

Three cards currently offer at least 18 months of 0% introductory APRs on balance transfers:

  1. The Citi Simplicity® Card offers a 0% APR on all balance transfers you make within the introductory period. There is no separate deadline to complete your balance transfers. A transfer fee may apply.
  2. The Citi® Double Cash Card also has a four-month window to complete the balance transfers that qualify for the introductory 0% APR. The card does not offer an introductory APR for purchases.

If you need extra time (up to four months) to complete your transfers and like the idea of collecting double points, you could consider the Citi® Double Cash Card. Although the card offers no introductory APR on purchases, its double rewards may be the clincher for you.

How Can I Avoid Paying Interest on My Card?

One way to avoid interest charges is to always use a card that offers a 0% APR to new cardmembers. This involves switching to a new credit card when the introductory period on your current card expires. With so many cards offering a year or more of no interest, there is no shortage of cards from which to choose when the time comes.

Chart of Balance Transfer Fees

If you pick a new card that offers no interest on both purchases and balance transfers, you can move your remaining balance on your old card to the new one. This will extend your 0% APR from the old card, but you will have to pay a fee for the maneuver. Typical transfer fees range from 3% to 5%.

The downside of this strategy is that you will accumulate credit cards over time, cards that you likely won’t use once the introductory period expires. That’s not necessarily a bad thing because your available credit will rise with each new card, thereby lowering your credit utilization ratio and pleasing the credit bureaus.

However, if your available credit grows too large for your income, you may have trouble getting the credit limit you require on your next card. You can close an old account to work around this problem, but that will reduce your average account age, a negative for your credit score.

The other method of avoiding credit card interest is simply to pay your full balance every month. Use the credit card as a convenient alternative to cash and checks, not as a way of financing your lifestyle. You’ll avoid interest charges throughout the year and won’t have to worry about replacing your credit card or transferring balances when the introductory period expires.

Finance a Purchase or Get Out of Debt with a 0% Card

You have plenty of choices if you want to avoid paying credit card interest. The cards that offer up to 18 months of interest-free purchases are perfect for financing a big-ticket item.

On the other hand, if the interest on your credit card balances is eating you alive, you can use a card that offers no interest on balance transfers to start climbing out of debt. These cards allow you to apply 100% of your monthly payment to reducing your balance. The only cost is a one-time transfer fee.

Whatever your motivation for seeking an interest-free card, compare all features, including bonuses and rewards, when considering your options.

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