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About Editor's Picks: Our editor selects credit cards based on the features the credit card offers consumers, including introductory rates, fees, long term interest rates, and its relative value compared to competing offers. While this site receives remuneration from credit card companies, our rankings strive to objectively provide consumers with relevant, unique options.

Use 0% APR Cash Back Credit Cards to Reduce Holiday Debt

Smart Balance Transfers provides in-depth information and insights into credit cards. While we do accept Smart Balance Transfers provides in-depth information and insights into credit cards. While we do accept compensation from credit card companies when consumers visit their websites, we have striven to provide unbiased reviews since 2007.

Saving Money with CashBack cardsIn general, those who look for cash back cards do not need a balance transfer, and those who look for 0% APR balance transfers are not the primary market for cash back credit cards. Nevertheless, there are some cards on the market that offer both cash back and money saving balance transfer promotions.

Since it can make sense for some cardholders to look for a product with both of these features, let’s take a look at the top cards that meet these criteria:

Best Cash Back Card with a 0% APR Promotion

The Chase Freedom card has become one the most popular cash back cards due to its competitive rewards program, but it also features a 0% APR on balance transfers and purchases that lasts 15 months.

Because this card also offers a $100 cash back bonus  as long as $500 is spent within 3 months, it can be a very good option for consumers who will be transferring debt and also making new purchases with this card.

On the rewards front, Freedom offers 1% cash back on most purchases and 5% cash back at a certain qualifying merchants which rotate each quarter.

Other Noteworthy Deals

The Citi Dividend Card currently features 12 months of interest free financing on both new purchases and balance transfers. This is three months shorter than the Chase Freedom offer, so is best for those who need to transfer balances from a Chase card since those can’t be transferred at a 0% rate to Chase Freedom.

Like Freedom, Citi Dividend offers a $100 cash back bonus if $500 is spent within 3 months, so, even though Freedom wins out with the longer 0% interest rate, both cards offer very good value.

Discover recently launched the “Discover it” card. This card works much like the Citi Dividend and Chase Freedom cards with 1% cash back on most purchases and 5% cash back on the first $1,500 of purchases from select categories of merchants that change each quarter.

At this time, Discover is offering the “it” card with 14 months of 0% APR financing on balance transfers and new purchases. There is no sign up bonus for this card.

Compare Credit Cards Discussed in This Article

  • Named a Best Card for Cash Back by MONEY® Magazine
  • Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
  • 5% Cash Back on up to $1,500 in combined purchases between 4/1/15-6/30/15 at Restaurants, Bed Bath & Beyond®, H&M®, and®.
  • You'll enjoy new 5% categories every 3 months like Gas stations, Restaurants and It's free and easy to activate your bonus each quarter!
  • Unlimited 1% Cash Back on all other purchases
  • No annual fee and rewards never expire as long as your account is open
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 15 months*

0% for 15 months*

13.99% - 22.99% Variable*



  • 0% intro APR on purchases & balance transfers for 14 months—then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • New Freeze It℠ on/off switch lets you prevent new purchases, cash advances and balance transfers. Freeze or unfreeze your account in seconds via our website or mobile app.*
  • 5% cash back in categories that change each quarter up to the quarterly maximum when you sign up.* Plus, 1% cash back on all other purchases.
  • Free FICO® Credit Score on monthly statements, online and in our mobile app.*
  • No annual fee, no late fee for your first late payment, APR won't go up for paying late, no overlimit fee and no foreign transaction fee.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text-and never responsible for unauthorized purchases on your Discover card.
  • 100% U.S.- based customer service— day or 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 14 months*

0% for 14 months*

10.99% - 22.99% Variable*


Excellent Credit

Editor's Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Citi or any of the other companies whose products are featured in this content.

About the author

Jeffrey Weber

Jeffrey Weber has been following and blogging about the credit card industry since 2004. He has also written for Forbes and been cited in a wide range of major media outlets including USA Today, Time, MSN Money, The Christian Science Monitor, The Detroit Free Press and numerous other prestigious online and print publications.

Jeffrey resides in Easton, Connecticut and enjoys spending his free time chasing after his two year old son, watching films with his wife and occasionally taking a holiday to go snorkeling.

– has written 63 posts.

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