The best 0% APR and low-interest credit cards of July 2021

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The best 0% APR credit cards of July 2021:

Category	Best credit card
Longest intro APR offer:	Citi® Diamond Preferred® Credit Card
Our favorite cash-back card	Citi® Double Cash Card
Best intro APR card that earns Chase points:	Chase Freedom Unlimited®
Best if your spending changes month to month	Citi Custom Cash℠ Card
Earn maximum cash back, if you work for it:	Chase Freedom Flex℠
Bonus cash back at U.S. supermarkets:	Blue Cash Everyday® Card from American Express
1.5% cash back on every purchase:	Capital One Quicksilver Cash Rewards Credit Card
3% cash back on dining:	Capital One® SavorOne® Cash Rewards Credit Card
Rotating cash-back categories:	Discover it® Cash Back

It sounds strange, but another credit card could be exactly what you need to pay off your credit card debt for good. We're talking about credit cards with introductory 0% APR periods that allow you to transfer over a balance from another credit card. Cards in this niche might let you pay 0% interest on purchases, balance transfers, or both for a limited timeframe that can range from nine to 18 months.

Read more: Using a 0% APR credit card can save you money on interest, but be sure to avoid these pitfalls that could hurt you in the long run

Some 0% APR cards that allow balance transfers require a balance transfer fee upfront, but the interest savings can easily outweigh the fee by hundreds or thousands of dollars. Especially if your financial situation has been impacted by unemployment, a credit card with a 0% APR offer can give you some breathing room to get back on your feet.

Table of Contents: Masthead Sticky

The best 0% APR credit cards

Note that one of our favorite credit cards with an intro APR offer, the Chase Slate, is currently not available to new customers. The card stands out for waiving balance transfer fees for the first 60 days from account opening, and it's one of a handful of credit cards that have become unavailable since the COVID-19 pandemic.

We've removed the card from our guide for the time being and will add it back when it reappears on the market.

Longest intro APR offer: Citi® Diamond Preferred® Credit Card

Citi Citi® Diamond Preferred® Credit Card

Introductory APR offer: Qualify for 0% APR on balance transfers for 18 months from the date of first transfer (as long as all transfers are completed within the first four months) and purchases for 18 months from account opening, followed by a 14.74% – 24.74% Variable APR.

Balance transfer fee: 3% (minimum $5)

Annual fee: Citi® Diamond Preferred® Credit Card

Read more: Citi Diamond Preferred Credit Card review

The Citi® Diamond Preferred® Credit Card doesn't offer any rewards, but it does offer one of the longest 0% introductory offers on the market today. A balance transfer fee of 3% (a minimum of $5) applies, but this card is still ideal for anyone with a ton of high-interest debt they want to consolidate and pay down over time.

Read more: A 5-minute conversation with my grandmother helped me get out of the post-divorce debt that plagued me for years

Our favorite cash-back card: Citi® Double Cash Card

Citi Citi® Double Cash Card

Introductory APR offer: 0% APR on balance transfers for 18 months from the date of the first transfer (when the transfer is completed within the first four months), followed by a 13.99% – 23.99% (Variable) APR.

Balance transfer fee: 3% (minimum $5)

Annual fee: Citi® Double Cash Card

Read more: Citi Double Cash Card review

The Citi® Double Cash Card is popular with consumers since it offers 2% back for everything you buy – 1% when you make a purchase and another 1% when you pay it off. You'll also secure a lucrative 0% APR offer that can help you save thousands of dollars on interest for a limited time.

You can convert cash-back rewards from the Citi® Double Cash Card into Citi ThankYou points, and use them for travel, merchandise, gift cards, and more.

Best intro APR card that earns Chase points: Chase Freedom Unlimited®

Chase Freedom Unlimited®

Introductory APR offer: 0% APR on purchases for the first 15 months, followed by a 14.99%-23.74% variable APR

Annual fee: Chase Freedom Unlimited®

The Chase Freedom Unlimited® starts new customers off with $200 after spending $500 in the first three months from account opening. They can also earn 5% back on travel booked through the Chase Ultimate Rewards portal, 3% back on dining and drugstores, and 1.5% back on all other purchases.

Read more: Chase Freedom Unlimited card review

When you consider the card's intro APR offer, it's easy to see why it's best for consumers who want to earn rewards on a big purchase and pay down their balance without any interest over time.

Best if your spending changes month to month: Citi Custom Cash℠ Card

Citi Custom Cash℠ Card

Introductory APR offer: 0% APR on purchases and balance transfers for the first 15 months, followed by a Citi Custom Cash℠ Card APR

Balance transfer fee: 5% (minimum $5)

Annual fee: Citi Custom Cash℠ Card

The new Citi Custom Cash℠ Card is a great choice if your spending habits tend to change from month to month. Cardholders earn 5% cash back on up to $500 in purchases in the eligible category they spend the most in each billing cycle (then 1%), and 1% on all other purchases.

Read more: Citi Custom Cash card review

The qualifying categories include everyday expenses that should appeal to most folks: restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment.

Although it's marketed as a cash-back card, the Citi Custom Cash℠ Card actually earns rewards in the form of Citi ThankYou points, which are worth 1 cent apiece for cash back, travel booked through Citi, gift cards, merchandise, and more. And again, if you have a Citi Premier® Card or Citi Prestige® Card, you can pool your rewards and transfer points to airline partners.

Earn maximum cash back, if you work for it: Chase Freedom Flex℠

Chase Freedom Flex℠

Introductory APR offer: 0% APR on purchases for the first 15 months after account opening, followed by a 14.99% – 23.74% variable APR.

Annual fee: Chase Freedom Flex℠

The Chase Freedom Flex℠ gives consumers the chance to earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. They also earn 5% back on up to $1,500 spent in rotating bonus categories like gas stations and streaming services when they activate each quarter (then 1%) and on travel purchased through the Chase travel portal. It also offers 3% back on dining and drugstore purchases, and 1% back on all other purchases.

Read more: Chase Freedom Flex card review

This card is a great option for anyone who wants to avoid interest payments for a limited time while earning rewards on their purchases. Keep in mind that with the Chase Freedom Flex℠ and Chase Freedom Unlimited®, if you pair your card with a Chase card that earns Ultimate Rewards points – like the Chase Sapphire Preferred® Card – your rewards become more flexible, as you have the option to redeem them for travel in addition to cash back.

Bonus cash back at U.S. supermarkets: Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

Introductory APR offer: 0% APR on purchases for 15 months, followed by a 13.99% to 23.99% variable APR (See Rates)

Annual fee: Blue Cash Everyday® Card from American Express (See Rates)

The Blue Cash Everyday® Card from American Express offers a welcome bonus of a $150 statement credit after you spend $1,000 in the first 3 months from account opening.

Read more: Amex Blue Cash Everyday Card review

You can also earn 3% back on up to $6,000 spent at U.S. supermarkets each calendar year (then 1%), 2% back at U.S. gas stations and select U.S. department stores, and 1% back on everything else (cash back is received in the form of Reward Dollars).

1.5% cash back on every purchase: Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Cash Rewards Credit Card

Introductory APR offer: 0% APR on purchases for the first 15 months after account opening, followed by a Capital One Quicksilver Cash Rewards Credit Card

Annual fee: Capital One Quicksilver Cash Rewards Credit Card

The Capital One Quicksilver Cash Rewards Credit Card lets consumers earn an unlimited 1.5% back for each dollar they spend, and that's on top of the welcome offer: Capital One Quicksilver Cash Rewards Credit Card.

Read more: Capital One Quicksilver Cash Rewards Credit Card review

Since this card also gives you 0% APR on purchases for the first 15 months, it's an excellent option for debt consolidation or avoiding interest on large purchases.

3% cash back on dining: Capital One® SavorOne® Cash Rewards Credit Card

Capital One® SavorOne® Cash Rewards Credit Card

Introductory APR offer: 0% APR on purchases for the first 15 months after account opening, followed by a 15.49% – 25.49% variable APR

Annual fee: Capital One® SavorOne® Cash Rewards Credit Card

If your goal is earning cash back while saving on interest for new purchases, check out the Capital One® SavorOne® Cash Rewards Credit Card. This card has a good welcome offer: Capital One® SavorOne® Cash Rewards Credit Card.

Read more: The best Capital One credit cards of 2021

You also earn 3% back on dining, grocery stores, entertainment, and streaming services, and 1% back on everything else you buy. There's no annual fee, and you'll qualify for a 0% APR on purchases for the first 15 months, then a 15.49% – 25.49% variable APR.

Rotating cash-back categories: Discover it® Cash Back

Discover it® Cash Back

Introductory APR offer: 0% intro APR on purchases and balance transfers for 14 months, then Discover it® Cash Back APR

Balance transfer fee: 3% intro fee; then up to 5% on future balance transfers (see terms)

Annual fee: Discover it® Cash Back

Also, consider the Discover it® Cash Back if you want to earn rewards and save money on interest without an annual fee. Once you enroll, this card lets you earn 5% back on up to $1,500 spent in quarterly bonus categories that change every three months (then 1%) plus 1% back on all other purchases Discover It Cashback rotation.

Read more: Discover it Cash Back card review

You'll also have all your rewards matched after your first year of card membership, which works as a delayed welcome bonus of sorts. And that's not to mention the lucrative intro APR offer this card extends.

How to take advantage of a 0% intro APR offer

• Know your offer. Make sure to read the fine print and understand exactly how long your offer lasts. Also, make sure you understand your new interest rate once the 0% APR comes to a screeching halt. 

• Take debt repayment seriously. Pay down all your debt (or as much debt as you can) before your 0% offer runs out. Once it ends, your card's APR will revert to the standard variable rate, which is much higher.

• Stop using credit cards. While it can make sense to use a 0% APR credit for a large expense if you get zero interest on purchases for a limited time, it's best to avoid using cards for regular purchases unless you have the cash to pay your credit card balance off in full each month. If you let 0% APR go to your head, you could wind up with a ton of new debt you didn't plan for. 


What's up with high credit card interest rates?

Just a few short years ago, there was a time that having excellent credit meant your credit card interest rate was low. Some people even selected cards based not only on miles, rewards, and cash back, but also on the very interest rate a card charged annually.

Read more: We asked financial planners for the best strategy to tackle credit card debt, and there are 2 clear favorites

My, how things have changed. Good credit still rocks, of course, but today, interest rates on credit cards are some of the highest they've been in the past quarter-century. The interest rate on your credit card varies by the card issuer, and the better your credit score, the lower the interest rate you're likely to receive. Well, within those historically high rates, of course.

In 2009, Congress passed the Credit Card Accountability Responsibility and Disclosure (CARD) Act, which in essence restricted card issuers from changing the terms, including the interest rate, on your card after you opened it. Hard to believe that was once allowed.

Read more: Credit card terms and conditions can be hard to navigate – here are 5 things to look out for when you apply

Now that it's harder for card issuers to raise rates in response to economic downturns, they've raised the rates on new accounts across the board.

What is a good credit card interest rate now?

In this time of historically high credit card rates, the very best credit card interest rates are still offered to those with top credit scores, usually considered 700 or above. What's more, rewards credit cards may have some of the higher APRs available, since card issuers are aware that consumers with good credit are typically using these cards for the rewards and paying them off monthly.

While rates may vary according to the type of card you get, the average credit card interest rate clocks in at 15%.

The problem is that when you apply for a card, you can only see the card's range of interest. You won't know the exact interest rate you're likely to receive until you're approved and actually receive your card.

You can take an educated guess that if your credit score is 700 and above, you'll probably get the lowest of the range for that card. If your scores fall in the mid to high 600s, you'll likely hit the card's mid-range interest rate, and if your scores are lower than the mid-600s, you can count on being offered the highest end of that card's interest rate range.

The best credit cards with low interest rates

Here's a roundup of cards with relatively low interest rates, including their introductory APR offer and their interest rate ranges for comparison.

• Discover it® Cash Back: 0% intro APR on purchases for 14 months, then Discover it® Cash Back APR
• Capital One® VentureOne® Rewards Credit Card: 0% APR on purchases for 12 months after opening, then a 14.49% – 24.49% (Variable) APR
• Blue Cash Preferred® Card from American Express: 0% intro APR on purchases and balance transfers for 12 months from account opening , then a 13.99% to 23.99% variable APR (See Rates)
• Citi® Double Cash Card: 0% intro APR on balance transfers for 18 months from the date of first transfer (when transfers are completed within 4 months from date of account opening), then a 13.99% – 23.99% (Variable) APR
• Capital One® Quicksilver® Cash Rewards Credit Card: 0% intro APR on purchases and balance transfers for 15 months after opening, then a 15.49% – 25.49% variable APR
• Citi® Diamond Preferred® Credit Card: 0% intro APR on balance transfers for 18 months from date of first transfer and for 18 months on purchases from account opening, then a 14.74% – 24.74% Variable APR
• Chase Freedom Flex℠: 0% intro APR for 15 months after opening on purchases, then a 14.99% – 23.74% variable APR

For comparison's sake, here are some credit cards, including some rewards cards, without intro APR offers and with APRs that start much higher than those on the cards above:

• Capital One® Venture® Rewards Credit Card: No intro APR offer; then a 17.24% to 24.49% variable APR
• Chase Sapphire Preferred® Card: No intro APR offer; then a variable APR of 15.99%-22.99% Variable APR
• Capital One® QuicksilverOne® Cash Rewards Credit Card: No intro APR offer; then a 22.99% variable APR

Read more: The best rewards credit cards of 2021

Credit card issuers are allowed to charge whatever interest rate they want; they only have to disclose the rate in the card's terms and conditions. You should always make sure you know the interest rate range of the card you apply for, and when you receive the card, check the rate you were approved for.

Frequently asked questions

What is considered a good credit card APR?

The average credit card interest rate is about 15%, so anything below that number would be considered a relatively good APR. Of course, no APR is better than a low APR, so if you're able to take advantage of an intro APR offer that waives interest on balance transfers and/or purchases, you'll come out even further ahead.

Why is my APR so high?

If you feel your credit card's APR rate is high, you're not alone. Because credit card debt isn't secured in any way (unlike mortgages, which are secured by property), credit card issuers impose high interest rates if you default on your payments.

While credit card APRs are high in general, the specific APR you're assigned on your credit card falls within a range. The higher your credit score, the lower your APR will generally be. That's because a high credit score generally indicates that you've successfully paid off your credit card debts promptly.

How can I lower my APR?

Beyond applying for a credit card with an introductory APR offer, you can contact your credit card issuer and request a decrease in your APR. There's no guarantee the issuer will decide to lower your APR, but if you have a good payment history and you indicate that you may move your business elsewhere if you can't get a lower APR, you could have a solid case for getting the rate reduced.

Holly Johnson is a credit card expert, award-winning writer, and mother of two who is obsessed with frugality, budgeting, and travel.

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