Navigating 0% APR Credit Cards: Best Options for May 2024 and How to Use Them

Today’s staggering credit card interest rates — over 21% on average and over 22% for those who carry a balance — can cost cardholders a lot of extra payments and high balances.

Of course, you don’t have to pay interest on your credit card when you pay your full balance by the due date. But there may be times when that’s not possible, or you could use some extra flexibility to make your payments.

That’s when 0% APR credit cards offer a more affordable solution. These cards charge no interest on your new purchases for a given amount of time after you open your account.

Here are the best options for 0% APR credit cards for May 2024:

1. U.S. Bank Visa Platinum:
– Annual fee: $0
– Intro APR: 0% introductory APR on new purchases and balance transfers made within 60 days for 21 billing cycles
– More details: Balance transfer fee applies, cell phone protection included
– Why we like it: Longest intro period available, good for paying down existing debt

2. Wells Fargo Reflect:
– Annual fee: $0
– Intro APR: 0% introductory APR on new purchases and balance transfers made within 120 days for 21 months
– More details: Balance transfer fee applies, discounts through Wells Fargo Deals, roadside dispatch protections, cell phone protection included
– Why we like it: Another great option for a long intro period, good for large expenses or existing debt

3. Blue Cash Everyday:
– Annual fee: $0
– Intro APR: 0% introductory APR on new purchases and balance transfers for 15 months
– Rewards: Cash back on various categories
– More details: Welcome bonus, statement credits for subscriptions
– Why we like it: Good for everyday purchases, rewards program, and intro APR offer

4. Capital One VentureOne:
– Annual fee: $0
– Intro APR: 0% introductory APR on new purchases and balance transfers for 15 months
– Rewards: VentureOne Rewards program
– More details: Welcome bonus, access to Capital One Travel, Dining, and Entertainment
– Why we like it: Great for travel savings, no annual fee, and rewards program

5. Citi Rewards+:
– Annual fee: $0
– Intro APR: 0% introductory APR on new purchases and balance transfers for 15 months
– Rewards: Points on common spending categories
– More details: Round-up on points, 10% points back offer
– Why we like it: Good for earning points on everyday spending, unique benefits, and intro APR offer

These 0% APR credit cards offer a way to avoid interest charges for a limited time, making them a valuable tool for managing expenses and paying down debt. Consider these options to find the best fit for your financial goals and spending habits.