Best 0% APR Credit Cards of 2015: How To Avoid Interest On Your Credit Cards Until 2017

Are you a credit card deadbeat? If you aren’t, you may be wasting money on unnecessary interest payments.

As far as credit cards go, we should all aim to be deadbeats. That is how credit card companies refer to customers who don’t pay interest on their credit cards. There are two ways you can become a credit card deadbeat:

1. Pay your credit card balance in full every month — duh!
2. Use a credit card with an 0% APR introductory rate.

If you already carry a balance or you’re planning to make a large purchase you can pay off immediately, there are credit cards that can save you a lot of money because they offer a long 0% APR introductory rate on balance transfers and/or new purchases. However, some of them include a balance transfer fee; so make sure you calculate the cost before transferring your credit card debt to a new card.

Here are some of the absolute best credit cards of 2015 with a 0% APR, and some details about what makes them so awesome:

Chase Slatechase-slate

  – No transfer Fee (for the first 60 days)
  – 0% Introductory APR period that lasts 15 months
  – No annual fee

Chase Slate is arguably the best balance transfer credit card available in 2015. It has a 15-month 0% intro APR on balance transfers and purchases, no balance transfer fee for the first 60 days and no annual fee. That combination is extremely rare. In fact, Slate is the only major 0% APR balance transfer credit card that doesn’t charge a balance transfer fee. This can lead to significant savings.

To illustrate, say you transfer $10,000 and plan to pay it off within the intro rate period. With Chase Slate you wouldn’t pay a transfer fee, but with other balance transfer credit cards you would have to pay a balance transfer fee of $300.

Also, read >  The Impending End of the Credit Card Era

Once Chase Slate’s intro rate expires, the standard APR is 12.99% to 22.99%, depending on credit. These rates are reasonable but there are credit cards with much lower standard APRs. So you may want to switch to another credit card, if you’re still carrying a balance after the 15-month 0% APR period ends.

As with most balance transfer credit cards, the catch is that you must have good to excellent credit in order to qualify, and it doesn’t have a rewards program. Also note that the balance transfer fee is only waived on transfers made within the first 60 days of opening an account. After that, there is a 3% (with a minimum of $5) transfer fee.

Citi Simplicityciti-Simplicity

  – 0% Introductory APR period that lasts 21 months
  – No annual fee
  – No late fees or penalty APRs

Citi Simplicity is an excellent balance transfer credit card. It has a stellar 21-month 0% APR introductory rate on balance transfers and purchases, no annual fee, and no late fees or penalty APRs. Some credit card experts rate it even higher than the Chase Slate. However, it does have a 3% balance transfer fee with a minimum of $5. So if you have a substantial credit card debt blob, you may want to apply for a Slate Chase credit card first. On the other hand, if you don’t currently carry a balance but you’re planning to make large purchases and pay them over time, this is probably the best credit card for you.

Citi Diamond PreferredCiti-Diamond-Preferred

  – 0% Introductory APR period that lasts 21 months
  – No annual fee
  – Special access to events and 24/7 concierge service

The Citi Diamond Preferred is another superb balance transfer credit card. Like the Citi Simplicity it has a 21-month 0% APR intro rate on purchases and balance transfers, and no annual fee to worry about. It does have late payment fees and a 29.99% penalty rate, but the standard APR is a little lower at 11.99% to 21.99%. This card also includes special access to events and a 24/7 concierge service.

Also, read >  16 Things You Should Never Put On Your Credit Card

Like the Citi Simplicity, the Citi Diamond Preferred has a 3% ($5 minimum) balance transfer fee to consider. If you’re only interested in the 0% APR for purchases and you aren’t worried about late payments or penalty rates, the Citi Diamond Preferred is the best 0% APR card for you.

Blue Cash Preferred from American Expressamerican-express-blue-cash-preferred-card

  – 0% Introductory APR period that lasts 15 months
  – $150 Sign up bonus
  – Most generous cash back rewards program

The Blue Cash Preferred credit card from American Express combines a 15-month 0% APR on balance transfers and purchases with the most generous cash back program for everyday purchases. Cardholders receive 6% cash back on US supermarkets, 3% cash back at US gas stations and participating department stores. All other purchases receive 1% cash back. New members also receive a $150 signup bonus, if they spend $1,000 within the first three months. Once the intro rate ends, there is a standard APR that ranges from 12.99% to 21.99%.

The only catch with the Blue Cash Preferred is it has a $75 annual fee and a 3% balance transfer fee. However, the signup bonus and the cash back you can earn, particularly if you’re planning to make large purchases during the 15-month 0% APR period, will easily cover two or more annual fees.

Discover it discover-it

  – 0% Introductory APR period that lasts 14 months
  – Great cash back rewards program
  – No annual fee, over-the-limit fee, or foreign transaction fee
  – Complimentary access to FICO credit score

The Discover it is another great balance transfer/cash back hybrid credit card that combines a 0% intro APR for 14 months on purchases and balance transfers with a cash back rewards program that gives up to 5% back on purchases made in categories that change every quarter. The card includes complimentary access to customers’ FICO credit score and there is no over-the-limit fee, foreign transaction fee or annual fee.

Also, read >  Top Credit Cards For Good Credit

The card’s standard APR ranges from 10.99% to 22.99% once the trial period ends and there is a 3% balance transfer to think about. If you don’t have a credit card balance to transfer and mostly interested in having a 0% APR on purchases and a decent cash back rewards program with no annual fee, this is the card for you.

These are just a few of the many balance transfer credit cards available. Visit’s credit card database and search for the credit card that best fits your lifestyle.