Yes, there are 0% APR credit cards for 21 months. The Wells Fargo Reflect credit card offers 0% for up to 21 months from account opening for purchases and qualifying balance transfers. The Wells Fargo Reflect’s regular APR is 13.74% - 25.74% Variable.
Here are other good 0% APR credit cards:
U.S. Bank Platinum. This credit card has an intro APR on purchases of 0% for 20 billing cycles and then a regular APR of 15.24% - 25.24% (V).
Chase Freedom Unlimited. It has an intro APR for purchases of 0% for 15 months and a regular APR of 15.24% - 23.99% (V) after that.
Capital One Quicksilver. This credit card has an introductory APR of 0% for 15 months and then a regular APR of 15.24% - 25.24% (V).
Citi Diamond Preferred. It has an intro APR for purchases of 0% for 12 months and a regular APR of 14.49% - 24.49% (V) after that.
Ultimately, you can check out our editors’ latest picks for the best 0% APR credit cards and see which one suits your needs.
No, you don’t have to pay APR if you pay on time and in full every month. And your card most likely has a grace period. A grace period is the length of time after the end of your billing cycle where you can pay off your balance and avoid interest. To take advantage of a grace period, you need to pay for all your charges every single billing cycle. If you don’t do that one month, you’ll lose your grace period, and your charges will start accruing interest right away. You’ll have to pay in full for two consecutive billing cycles to get it back.… read full answer
So paying on time won’t get you out of paying interest on its own. You’ll just avoid paying late fees and hurting your credit score. You have to pay in full if you don’t want to pay interest.
Here’s how to avoid paying APR:
If you pay your bill in full by the due date every month, you won’t pay any interest, thanks to the grace period most credit cards have.
A credit card’s grace period typically is the time between the end of the billing cycle and the due date.
If you lose your grace period by carrying a balance past your due date, you can get it back by paying your bill in full two months in a row.
Getting a 0% Intro APR credit card gives you a larger window of opportunity to pay off your credit card. It allows you to pay off your balance before the end of the promotional APR period without accruing interest. You’ll still need to pay at least the minimum payment on time and any remaining balance that hasn’t been paid off by the end of the introductory 0% APR period will accrue interest at the card’s regular rate. It’s also a good idea to pay more than your minimum payment every month, as leaving a big balance on a credit card for a long time can cause a dip in your credit score.
The simplest way to handle things is to set up automatic monthly payments for your full statement balance from a bank account. Just make sure that account’s balance doesn’t get too low.
Yes, 0% APR is the same as no interest, though only up to a point. While 0% APR means no interest in the short term, the 0% APR on a credit card offer is only an introductory deal that will be replaced by a higher regular APR at the end of the 0% intro period.… read full answer
With most credit cards, the interest rate that takes effect after a 0% APR ends will only apply to any balance remaining at that point, plus future balances carried from month to month. With some store credit cards, however, the regular rate will retroactively apply to the original purchase amount if you don’t repay what you owe by the end of the 0% promo period.
Finally, if you have a 0% APR offer, understand that it does not excuse you from making payments on your account each month. In fact, you could lose your 0% APR if you fail to pay the minimum amount by the due date.
A 0% APR (also known as zero interest) means that you pay no interest on new purchases and/or balance transfers for a certain period of time. The best 0% APR credit cards give 15-18 months without interest. But the average 0% APR intro period is about 12 months for cards offering 0% purchases. And it’s around 13 months for the average card with 0% on transfers.… read full answer
A 0% APR does not keep you away from monthly payments, nor does it completely remove interest out of the equation. You still have to make monthly minimum payments to keep your 0% APR. And if you don’t pay off your balance by the end of the 0% intro period, you’ll have to pay interest on whatever balance remains. The penalty is even worse with many retailers’ 0% financing offers. If you don’t pay off your full balance in time, interest will retroactively apply to your entire original balance – as if the 0% APR was never there.
There are a few other things you should keep in mind when thinking about 0% APRs, too.
0% APR Key Takeaways
You pay no interest on your purchases and/or balance transfers for the duration of the introductory APR period, which depends on the card.
0% APRs make debt cheaper to pay off, which helps you get out of debt faster.
A 0% APR does not free you from the responsibility of making monthly payments. You must pay at least your monthly minimum to avoid being classified as late. Late payments damage your credit score.
0% credit cards tend to have fairly high regular APRs. So, you should strive to bring your balance to zero by the end of the 0% APR period, when regular rates take effect.
It’s also important to note that you won’t only find 0% APRs on credit cards. You may see auto loans with them, for example. Just be sure to always read the terms in detail before signing. You don’t want to end up with deferred interest instead of a true 0% APR.
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