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0% APR on Balance Transfers and Purchases Credit Cards

When you obtain a 0% interest rate for a year or more on a credit card, it makes sense to use that card to transfer a balance from a high interest rate card. It also makes sense to use that card for new purchases in case you don't pay off your new charges each month.

Some folks like to see a big balance dwindle with regularly scheduled monthly payments budgeted to pay off the entire amount due before the 0% promotional rate expires. Others use it to make purchases as well. You should know your budget constraints and use the plan that doesn't let you slip into more debt.

If you have a credit card with 0% APR on balance transfer and 0% APR on purchases then you will be paying no interest on the card for the entire promotional period of a year or more even if you charge to it.

See also 0% Balance Transfer offers with:

Required Credit History: Excellent/Good
Best Credit Cards from
Intro APR
on Bal. Tr.
Fee on
Bal. Tr.
Intro APR
on Purch.
0% (up to 21 months)
up to 3%
0% (up to 18 months)
Save up to:  $848  with this card
Show card description
  • Transfer and pay off your debt at 0% Intro APR on Balance Transfers for up to 21 months; ongoing variable APR applies after that.
  • Earn up to 5% cash back or up to 2 point rewards on all purchases.
  • $0 liability on unauthorized purchases. No annual fee.
See More Card Details


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No Interest Credit Card Nuances

Getting a 0% APR on balance transfers and purchases means saving on interest payments. Here are some things to keep in mind when you think about applying for a credit card with no interest on purchases and balance transfers.

  • The balance transfer fee is generally 3% or 4% of the balance transferred.
  • You can lose the 0% APR on the balance transfer and on new purchases if you miss a payment.
  • Don't close your old credit card account or you will lose the credit history and it may cause your credit score to decline.

These guidelines will help you make the most of your new credit card. When you are ready to apply for a card consider whether you will be using it to transfer a balance and make purchases as well. And have a good payment strategy in place because once the promo period is over the interest rate granted based on your creditworthiness will begin.