Best No Interest Credit Cards for 2018

No credit card interest
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If you're planning for a big purchase in 2018 and you want to pay it off in installments with no interest, getting a no interest credit card is the best way to accomplish it. By law, any credit card's promotional interest rate must last at least six months (unless you default on the credit card terms), but the best no interest credit cards offer 0 percent interest for more than triple that amount of time.

As you compare no interest credit cards, keep in mind that the 0 percent promotional interest rate only lasts a certain amount of time. Once the introductory period has ended, the balance remaining will be charged interest each month at the regular APR. Your exact APR will vary depending on your creditworthiness at the time you apply for the credit card. If you have a better credit score, you'll typically qualify for a lower APR.

Ideally, you should pay off your entire balance before the promotional period ends. That way, any new purchases you make on your credit card will have a grace period allowing you to continue to enjoy your credit card with no interest. 

5 No Interest Credit Cards

Each of the credit cards on this Best No Interest Credit Cards list offers a no interest promotion for both purchases and balance transfers. They're great for making interest-free purchases or for transferring a balance to make it easier to reduce your overall debt. Keep in mind that transferring a balance may incur a balance transfer fee. Some credit cards offer other perks like waived fees or rewards. You'll typically need to good to excellent credit to qualify for the best no interest credit cards.


1. Citi

Citi Simplicity

Citi currently offers two credit cards no interest periods longer than any other credit card on the market. The Citi Simplicity currently offers a 0 percent introductory APR on purchases and balance transfers for 21 months. That's almost two years of no interest on purchases you make or balances you transfer to the credit card. After the promotional period ends, the variable APR for the credit card will be 13.49 percent to 23.49 percent. Your exact APR will be based on your creditworthiness.

Not only does Citi Simplicity have the longest interest-free period (tied with the Citi Diamond Preferred), it also boasts no late fee or annual fee. Not only that, you won't be charged the penalty rate when you're late on a credit card payment. Most other credit cards will raise your rate when you're more than 60 days late on a credit card payment.

Enjoy Citi Price Rewind, a price protection feature that will automatically credit your account when the price of an item you've purchased drops.

If you use your card to transfer a balance, you'll be charged a fee of $5 or 3 percent, whichever is greater. The balance transfer fee increases the amount you ultimately have to repay, but the upside is that you can repay it at no interest as long as you pay your full balance before the promotional period ends.

Cash advances are charged an APR of 13.49 percent to 23.49 percent and a fee of $10 or 5 percent. You generally should avoid cash advances, but this is especially true during a promotional period because your payments will be potentially split between balances with and without interest rates. This makes it more difficult to pay off your balance and enjoy the benefits of your no interest period.

The foreign transaction fee is 3 percent of transactions made in other currencies.

The only drawbacks are that you won't earn any rewards on the credit card (but not paying interest is kind of a rewards itself) and unfortunately, you can't transfer a balance from another Citi credit card.

Citi Diamond Preferred

Citi Diamond Preferred ties with Citi Simplicity for the longest interest-free period with a 0 percent introductory APR on purchases and balance transfers for 21 months. Once the promotional period ends, the regular interest rate applies to purchases and balance transfers will be 12.49 percent to 22.49 percent variable APR, depending on your creditworthiness.

Also, like the Citi Simplicity, balance transfers are charged a fee of $5 or 3 percent, whichever is greater. Cash advances are charged 25.74 percent and $10 or 5 percent of the cash advance amount.

There's no annual fee, but unlike the Citi Simplicity, The Citi Diamond Preferred charges a late fee of up to $35. Citi Diamond Preferred also charges a penalty rate of up to 29.99 percent if you fall behind on your credit card payments.

Citi Price Rewind also applies to purchases made on your Citi Diamond Preferred.

2. Chase

Chase Slate

Chase Slate offers a 0 percent introductory APR on purchases and balance transfers for 15 months from account opening. After the introductory period, the regular APR will be 15.49 percent to 24.24 percent based on your creditworthiness.

For those who want to transfer a balance at the least possible cost, Chase Slate is a great credit card for it. There's no balance transfer fee on balances you transfer within the first 60 days. This perk is especially attractive if you have a large balance you want to transfer because it will allow you to skip the 3 percent balance transfer fee that most other credit cards charge.

If you are considering using Chase Slate for a balance transfer, those first 60 days are the best time for it. After that, the balance transfer fee is a whopping 5 percent of the amount transferred.

While you will pay a late fee up to $37, there's no annual fee on the credit card. Chase Slate also doesn't charge a penalty APR which means your interest rate won't go up if you're late on your payment.

You'll also receive your monthly FICO score for free with your credit card billing statement. Your complimentary FICO score will help you keep up with changes to your credit score.

The cash advance APR is 25.49 percent and the cash advance fee is $10 or 5 percent. Foreign transactions are charged 3 percent of the transaction.

Chase Freedom offers a 0 percent introductory APR on purchases and balance transfers for the first 15 months of the account opening. After that, the regular APR is 15.49 percent to 24.24 percent, based on your creditworthiness.

Chase Freedom is one of the few no interest credit cards that also pay rewards on purchases. If you're approved, you can receive $150 bonus if you spend $500 on purchases in the first 3 months from the account opening. You'll also get a $25 bonus when you add the first authorized user and make the first purchase within the first 3 months. To qualify for the bonus, you can't have received another bonus from Chase (for this card or any other Chase credit card) within the past 24 months.

Not only can you enjoy no interest on purchases and a great cash bonus, there are also great rewards. You'll earn 5 percent cash back on up to $1,500 in purchases in bonus categories that rotate each quarter. Make sure you activate otherwise your purchases will earn 1 percent cash back.

The annual fee is $0.

3. U.S. Bank

The U.S. Bank Visa Platinum Card offers 0 percent introductory APR on purchases and balance transfers for the first 15 billing cycles. After that, the variable APR is 10.49 percent to 22.49 percent based on your creditworthiness. It's important to note that 15 billing cycles will be shorter than 15 months because billing cycles are typically around 25 to 29 days long. Your promotional rate will actually last around 13-14 months depending on the length of the billing cycle.

Balance transfers are charged 3 percent of the transaction or $5, whichever is greater. The cash advance fee you're charged depends on the type of cash advance transaction you make, e.g. a cash advance from an ATM is charged a different fee than a cash equivalent advance. Cash advances should be avoided, especially since they begin accruing interest right away, but also because your payments will be split between balances with and without interest.

The U.S. Bank Visa Platinum Card receives Platinum Visa Card benefits like zero fraud liability, fraud protection, auto rental insurance, and online banking.

There's no annual fee. Late fees are charged up to $37.