Keep those guidelines in mind when comparing our editors’ selections for the best 0% credit cards, below. If you don’t know how good your credit is, you can check your credit score for free on WalletHub.
2017’s Best 0% Credit Cards
|Best For…||Card Name||Intro Rate||Annual Fee||Balance Transfer Fee||Regular APR||Credit Required||Editors’ Rating|
|New Purchases||Citi® Diamond Preferred® Card||0% for 21 months||$0||3%||12.49% - 22.49%||Excellent||5 Stars|
|Balance Transfers||Chase Slate®||0% for 15 months||$0||$0 introductory balance transfer fee for transfers made during the first 60 days of account opening||15.49% - 24.24%||Good||5 Stars|
|Balance Transfers||Santander Bank Sphere Credit Card||0% for 24 months||$0||4%||12.74% - 22.74%||Excellent||N/A|
If you’re in the market for a credit card to reduce the cost of existing debt, make sure to take balance-transfer fees into account. They’re among the most-forgotten-about credit card fees around. If the debt in question doesn’t come from a credit card, you’ll also want to review each issuer’s policies regarding the types of debt you can transfer.
How To Get The Best 0% Credit Card – 5 Tips
- Check your credit score. You need at least fair credit to get a 0% rate, and the deals get better and better the higher your credit score is.
- Choose 0% purchases or 0% transfers. We recommend using 0% cards for one specific purpose because no credit card is perfect and a narrowed focus will make the comparison process easier. With a plan for how you’ll use your new card, you’ll be able to compare offers based on just a small handful of account terms, instead of having to attempt evaluating every card from head to toe.
- Craft a repayment strategy. Figuring out how much you owe (or will owe) and how long it will take you to repay that balance in the absence of interest will help you determine what card terms you’ll need. It will also help put each offer into a more practical context. We recommend using a credit card calculator to complete this step.
- Have a backup plan. It’s important to consider the possibility of not getting approved for your card of choice or getting a lower credit limit than you need. Your contingency plan should include a 0% card with higher approval odds as well as adjustments to your current spending and payment strategy.
- Don’t assume 0% rates will always be around. 0% credit cards aren’t always available, so you can’t count on hopping from one 0% offer to another until your balance is gone. That sort of thinking got a lot of people into trouble during the Great Recession. So plan as if there won’t be an open seat when the music stops.