4 0% Credit Cards that Can Help You Get Out of Debt

Cut Credit Card Interest Payments

Credit cards that feature 0% APR promotional rates on purchases and balance transfers are one of the best ways to avoid interest payments and pay down credit card debt. And while there are many cards that have these offers, four of them stand out from the crowd.

These cards offer the longest 0% rates as well as unique money saving features that can help you prevent interest costs from piling up on old purchases or prevent new interest charges on upcoming purchases for up to 18 months.

Chase Slate

The Chase Slate card is the undisputed leader when it comes to 0% APR balance transfer deals as it is the only card that charges no balance transfer fees. This works out to a savings of $30 for every $1,000 transferred compared to other 0% balance transfer offers on the market.

Slate offers 15 months of interest free financing on both new purchase and balance transfers and has no annual fee. While the 15 month 0% APR period is shorter than the 18 month period offered on two Citi cards, the balance transfer fee savings make this the best card for consumers with high rate balances.

  • Pay less interest. Save on balances and new purchases
  • $0 introductory balance transfer fee for transfers made during the first 60 days. After that, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5.
  • 0% Introductory APR for 15 months on purchases and balance transfers. After the introductory period ends, a variable APR of 12.99%, 17.99%, or 22.99%.
  • $0 Annual Fee
  • Best 0% Offer in 'Crowning 2013's Best Credit Card Offers' (January 14, 2013) -Forbes Online
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 15 months*

0% for 15 months*

12.99%, 17.99%, or 22.99% (V)*

$0

Excellent/Good




Citi Simplicity

The Simplicity card from Citi has the longest lasting 0% financing offer and a few other interesting features. New cardholders receive a 0% APR for 18 months on both new purchases and balance transfers. Additionally, Simplicity has no annual fee, no late fees, and no penalty interest rate.

  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - Ever
  • No penalty rate - Ever
  • No annual fee - Ever
  • Save time when you call with fast, personal help, 24 hours a day.
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0%* for 18 months*

0%* for 18 months*

12.99% - 21.99% (Variable)*

$0*

Excellent Credit




Citi Diamond Preferred

Like the Simplicity card, the Citi Diamond Preferred card also offers 18 months of interest free financing on both new purchases and balance transfers, with the same 3% balance transfer fee. But in contrast, the Diamond Preferred card is a full featured product with benefits that include travel insurance, purchase protection, and a concierge service. There is no annual fee for this card.

  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
  • Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0%* for 18 months*

0%* for 18 months*

11.99%-21.99% (Variable)*

$0*

Excellent Credit




Discover it

The Discover it card is the new face of the venerable card issuer’s line of products. This new card comes with a promotional financing offer that feature 18 months of interest free financing on balance transfers, but only six months of 0% APR financing on new purchases. And although there is no annual fee, there is the standard 3% balance transfer fee.

Keep in mind that after six months, the minimum balance paid will count towards the 0% APR balance transfer, not new purchases. Only the amount paid in excess of the minimum balance will be applied to the new purchases which are incurring the standard interest rate.

The short 0% rate on purchases really only impacts consumers who transfer large balances and would thus have a high minimum payment every month who also make purchases, as they’d be paying the standard purchase rate on a portion of their balances after 6 months.

However, for those who are simply using the card for balance transfers, the complications described above are a complete non-issue.

  • 0% intro APR on balance transfers for 18 months—then a variable purchase APR applies, currently 10.99 - 22.99%. A 3% fee applies to each transferred balance.
  • 0% intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • Rated 4.8 out of 5 Stars by over 4,000 cardmembers.*
  • No annual fee, no late fee for your first late payment - APR won't go up for you paying late, no overlimit fee and no foreign transaction fee.*
  • Free FICO® Credit Score online and on monthly statements.*
  • 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 when you sign up*. 1% cash back on all other purchases automatically.*
  • 100% U.S.- based customer service—anytime, day and night.
  • *See rates, rewards, free FICO® Credit Score terms and other info by clicking 'Apply.'
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 6 months*

0% for 18 months*

10.99% - 22.99% Variable*

$0

Excellent Credit




To learn more about additional 0% APR credit cards, please visit the main offer comparison section on our website here.

About the author

Jason Steele

Jason Steele is a freelance journalist specializing in personal finance and travel and is recognized as an expert in credit cards. He is a regular contributor to many of the top personal finance sites such as Wise Bread and Money Talks News. His work has been frequently carried on mainstream news outlets such as MSN Money, Yahoo, Finance, and Business insider.

Jason lives in Denver Colorado with his wife and two daughters.

– has written 289 posts.

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