Credit cards are an effective tool for financing new purchases and consolidating old debts. But many credit cards are known for charging a greater interest that’s not good for the users on a long-term basis. As the interest you accrue today is added to your balance tomorrow so low interest rates are beneficial. Most of credit cards have variable APRs that will fluctuate with certain benchmarks for instance prime rate.
A 0% APR credit card will let you avoid interest payments on purchases, balance transfers or both. But it is important to note that 0% APR is for the introductory period which may range from 18-21 months. When comparing the best 0% APR credit cards of October 2023, it is noticed that the card lacks some additional perks but lets you save money in the introductory period. However, according to Federal Reserve, the average card APR is currently over 19%. Therefore, if you have lingering debts then it’s a smart choice to open a 0% APR credit card for substantial savings.
Table of Contents
Summary – Best 0% APR Credit Cards of October 2023
- Wells Fargo Reflect®Card– Best Financing card with 0% intro APR for 21 months
- Citi Simplicity® Card– Best card for balance transfer with generous 0% APR for 21 months
- U.S. Bank Visa® Platinum Card – Best for financing large purchases with 0% APR for 18 months
- Amex Everyday® Credit Card – Best for grocery spending with 0% APR for 15 months
- Chase Freedom FlexSM– Best card for overall rewards with 0% intro APR for 15 months
- Capital One VentureOne Rewards Credit Card – Best for travel rewards with 0% APR for 15 months
- Discover it® Cashback– Best for rotating categories with 0% APR for 15 months
- Discover it® Chrome – Best for greater Welcome Bonuswith 0% intro APR for 15 months
- Chase Freedom Unlimited®– Best for flexible rewards with 0% introductory APR for 15 months
- American Express Cash Magnet® Card – Best for cashback rewards with 0% intro APR for 15 months
Charting the Best 0% APR Credit Cards of October 2023
| Best 0% APR Credit Cards of October 2023 | Best for | Credit score | Annual fee | Regular APR |
| Wells Fargo Reflect® Card | Financing | Excellent/Good | $0 | 17.99% – 27.99% |
| Citi Simplicity® Card | Balance transfer | Excellent/Good | $0 | 19.24% – 29.99% |
| U.S. Bank Visa® Platinum Card | Financing large purchases | Good | $0 | 18.49% – 28.49% |
| Amex Everyday® Credit Card | Grocery spending | Good | $0 | 17.99% – 27.99% |
| Chase Freedom FlexSM | Overall rewards | Good | $0 | 18.49% – 28.49% |
| Capital One VentureOne Rewards Credit Card | Travel rewards | Fair | $0 | 20.99% – 28.99% |
| Discover it® Cashback | Rotating categories | Fair | $0 | 19.99% – 27.99% |
| Discover it® Chrome | Welcome bonus | Fair | $0 | 19.99% – 27.99% |
| Chase Freedom Unlimited® | Flexible rewards | Good | $0 | 18.49% – 28.49% |
| American Express Cash Magnet® Card | Cashback rewards | Good | $0 | 17.99% – 29.99% |
Best 0% APR Credit Cards of October 2023
1. Wells Fargo Reflect®Card
| Card Type | Balance transfer |
| Annual fee | $0 |
| Signup Bonus | None |
| Rewards | None |
| Foreign Transaction Fee | 3% |
| APR | 0% intro APR for 21 months on purchases and qualifying bank transfers then with an ongoing Apr 18.24%,24.74%, or 29.99% |
The Wells Fargo Active Cash is suitable for someone who is looking to finance a large purchase without being charged interest. The greatest benefit is its 0% annual fee for 0% intro APR on purchases and balance transfers for an extended period of 21 months. This card offers an unlimited 2% cash rewards on multiple purchases. Being at the no 1 spot among the best 0% APR credit cards of October 2023, it is also declared as the best flat-rate cash-back card on the market. In addition, this card does offer cell phone protection but does not offer any sort of spending rewards.
Pros
- No annual fee
- Extra-long 0% introductory APR
- Best in class 2% cash back on purchases
- Access to Visa Signature Concierge
- Get up to $600 cellphone protection
Cons
- No welcome bonus
- High balance transfer fees
- 3% fee is charged on foreign transactions
2.Citi Simplicity ® Card
| Card Type | Cashback |
| Annual fee | $0 |
| Signup Bonus | None |
| Rewards | None |
| Foreign Transaction Fee | 3% |
| APR | 0% intro APR for a period of 18 months on purchases and bank transfers than with an ongoing variable APR 19.24-29.99% |
The Citi Custom Card is the best-in-class card for balance transfers that can save a huge amount of money on interest and penalties. This card offers a long APR for balance transfers with every transfer incurring a fee. Being one of the best 0% APR credit cards of October 2023, new cardholders have 4 months to complete their balance transfers.
The greatest benefit is that there is no introductory fee of 3% or 5% for the transfers that are completed in the first 4 months. But after that, you will have to pay a minimum of 5% for each transfer. In brief, this card is a good choice for all those who have a habit of forgetting things because this card charges no penalty APR or late fee in case you miss a payment.
Pros
- No late fee charges
- No penalty APR
- No annual fee
- Gives you the choice to choose your payment due date
Cons
- No signup bonus or rewards
- High Regular APR
3. U.S. Bank Visa® Platinum Card
| Card Type | Balance transfer |
| Annual fee | $0 |
| Signup Bonus | None |
| Rewards | None |
| Foreign Transaction Fee | 3% |
| APR | 0% intro APR for a period of 15 months on purchases and bank transfers than with an ongoing variable APR of 18.74-29.74% |
The US Bank Visa Platinum Card gives you a lengthy introductory APR rate to finance large purchases. Being one of the credible and best 0% APR Credit Cards of October 2023, it charges 0% annual fee for the ease of a large use base. With this card, you won’t earn rewards but it comes with a few other perks like cell phone insurance. If you are one of those individuals who use the card to pay their cellphone bill every month then this card has coverage damage of $600. But in case you make two claims for a total of $1200 in a period of 1 year then $25 will be deducted.
Pros
- Extended introductory APR period
- No annual fee
- Cellphone protection coverage is the additional benefit
Cons
- No signup bonus or rewards
- Foreign transaction fees
- Balance transfer fee is applicable
4. Amex Everyday® Credit Card
| Card Type | Rewards |
| Annual fee | $0 |
| Signup Bonus | Earn 10,000membership reward after spending $200 in purchases for 6 months |
| Rewards | 2 Membership rewards on money spent on U.S supermarkets, 2 points per dollar on eligible travel purchases via amex.travel.com, 1 point per dollar on other purchases |
| Foreign Transaction Fee | 2.7% |
| APR | 0% intro APR for a period of 15 months on purchases and bank transfers than with an ongoing variable APR of 18.24-29.24% |
Being the straight rewards card, there is no annual fee on the Amex Everday card. Through this card, you gain pretty basic rewards, with the most prominent feature being the reward boost one. If you frequently spent in US supermarkets, then this card offers solid intro APR for you to benefit in the best possible ways. Though not many cards that are included in the list of best 0% APR Credit Cards of October 2023 offer rewards this one does. You can easily earn 10,00 membership rewards after spending on qualifying purchases during the first 6 months.
Pros
- Modest welcome bonus
- No annual fee
- Possibility to earn 20% bonus on all points earned
Cons
- Spending cap on bonus points at grocery store
- 2.7% Foreign transaction fees
- Does not offer travel-friendly features and incentives
5. Chase Freedom FlexSM
| Card Type | Cashback |
| Annual fee | $0 |
| Signup Bonus | $200 |
| Rewards | 5% cash back on combined quarterly spending of $1500, 3% on dinning and drug store purchases, and 1% on all other purchases |
| Foreign Transaction Fee | 3 % |
| APR | 0% intro APR for a period of 15 months on purchases and bank transfers than with an ongoing variable APR of 20.49-29.24% |
Among all the other best 0% APR credit cards of October 2023, Chase Freedom Flex strikes a powerful and unique pose. That’s because the card has an annual fee of $0 with fixed bonus categories as high as 5% in addition to 5% bonus categories that change every quarter. For the bonus categories, there’s a lot of tracking involved, so if you are looking for simple straightforward rewards then other cashback cards will be a viable option for you. This card has the strength to handle all your credit card spending needs without an over-inflated price tag.
Pros
- Stellar signup bonus
- Generous reward rates across several categories
- No annual fee
- Rotating bonus categories and fixed bonus categories
Cons
- Not ideal for international travelers
- Bonus categories may or may not match your spending’s
6. Capital One VentureOne Rewards Credit Card
| Card Type | Travel |
| Annual fee | $0 |
| Signup Bonus | 20,000 Miles after spending $500 on purchases in the first 3 months |
| Rewards | 1.25 miles per dollar spent on all purchases, 5 miles per dollar spent on hotels and car rentals booked through Capital One Travel |
| Foreign Transaction Fee | None |
| APR | 0% introductory APR for a period of 15 months on purchases and bank transfers than with an ongoing variable APR of 20.49-29.24% |
The VentureOne Rewards Credit Card is a suitable option for occasional travelers who are looking for a no-annual-fee credit card option. Being one of the best 0% APR Credit Cards of October 2023, it offers unlimited flat rates on almost all purchases. Through this card, you can earn elevated cashback rates for hotels and rental cars that are booked through Capital One Travel. On top of that the generous signup bonus helps boost your first-year earnings. Apart from the generic benefit this card comes with a lineup of Capital One benefits and additional perks to save your money and energy.
Pros
- Attainable welcome bonus with low spending
- Greater redemption flexibility
- Unlimited flat reward rate that allows you to earn travel miles on everyday spending
Cons
- Overall high APR range
- Ongoing rewards are relatively low
- Not ideal for big spenders
7. Discover it® Cashback
| Card Type | Cashback |
| Annual fee | $0 |
| Signup Bonus | Unlimited cashback match. There’s no compulsion on minimum spending and maximum rewards |
| Rewards | 5% in rotating quarterly categories with up to $1,500 in purchases in each quarter, 1% on all other purchases |
| Foreign Transaction Fee | None |
| APR | 0% introductory APR for a period of 15 months on purchases and bank transfers with an ongoing variable APR of 17.24-28.24% |
The Discover it Cashback is ideal for moderate spenders who are eager to activate 5% rotating categories and track the overall quarterly spending cap. However, it is important to note that you don’t get the rewards automatically instead activation is required. This card is in the list of best 0% APR credit cards of October 2023 have no annual fee and can deliver first class rewards outside of its ongoing 1% earning rate. On top of that, this card comes with potentially the most valuable sign up offer with exclusive and unlimited cashback match only from Discover.
Pros
- 5% cash back on rotating categories
- Great Sign-Up offer
- No minimum cashback redemption
Cons
- Does not offer rewards for highest spending category
- Low 1% base reward on every purchase
- Bonus categories must be active quarterly
8. Discover it® Chrome
| Card Type | Cashback |
| Annual fee | $0 |
| Signup Bonus | Unlimited Cashback match. There’s no compulsion on minimum spending and maximum rewards |
| Rewards | 2% cash back on gas stations and restaurants with a combined purchase of $1000 in each quarter, 1% cash back on all other purchases |
| Foreign Transaction Fee | None |
| APR | 0% introductory APR for a period of 15 months on purchases and bank transfers with an ongoing variable APR of 17.24-28.24% |
The Discover it® Chrome offers a range of features in its introductory APR on purchases and balance transfers. You can easily leverage this card as it offers 0% intro APR for a period of 15 months on purchases and eligible bank transfers. After that the standard rate of 17.24-28.24% is applicable. Being the mediocre option among the best 0% APR credit cards of October 2023, it comes with a 1-for-1 cashback match which doubles your reward at the end of the first year. The main serving of this card is its first-year cash-back match which is beneficial for a large user base. For all those who are fond of road trips, this card offers 2% cashback on restaurants.
Pros
- Flexible cashback redemption options
- Chance to double your cashback in the first year
- No foreign transaction fees
Cons
- Comparatively high balance transfer fee
- Greater cash advance fee
- 1% base rate on other purchases
9. Chase Freedom Unlimited®
| Card Type | Cashback |
| Annual fee | $0 |
| Signup Bonus | Up to $300 cash back with $20,00 spent in the first year |
| Rewards | 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back on restaurants and drugstores, 1.5% cashback on everything else |
| Foreign Transaction Fee | 3% |
| APR | 0% introductory APR for a period of 15 months on purchases and bank transfers with an ongoing variable APR of 20.49-29.24% |
The Chase Freedom Unlimited offers a lucrative bonus for restaurants and drug stores specifically. Although it’s in the list of best 0% APR credit cards of October 2023 its card reward structure is not the easiest to remember. But this card offers flexible rewards and outstanding welcome offers to facilitate a large user base. While many cards offer 1% cash back on additional purchases, this one specifically offers 1.5% on all other purchases. In brief, Chase Freedom Unlimited is the cornerstone of a strategy that provides maximum value out of every penny you spend.
Pros
- Potentially rich sign-up bonus
- Useful bonus categories for spending
- No minimum redemption amounts
Cons
- 3% Foreign transaction fees
- Approval is subjected to Chase 5/24 rules
- Rental car insurance is secondary to car insurance and other policies
10. American Express Cash Magnet® Card
| Card Type | Cashback |
| Annual fee | $0 |
| Signup Bonus | $200 statement card after spending 42.00 in the first six months |
| Rewards | Unlimited 1.5% cashback on all the purchases |
| Foreign Transaction Fee | 2.7% |
| APR | 0% introductory APR for a period of 15 months on purchases and bank transfers with an ongoing variable APR of 19.24-29.99% |
This is another card in the list of Best 0% APR Credit Cards of October 2023 that offers 1.5% cashback with no annual fee. This card offers travel benefits along with 0% introductory APR period for 15 months. After 15 months 19.24-29.99% APR is applicable. The new cardholders have the opportunity to earn bonus of $200 after spending $2000 in purchases for the first six months. The card provides exclusive access to the Global Assist Hotline from American Express and car rental and damage insurance to appeal to travelers. But unfortunately, the foreign transaction fees hold the card back from being a reliable choice for international travelers.
Pros
- Rewards never expire
- No annual fee
- No category enrollment required
Cons
- 2.7% Foreign transaction fees
- Cashback is only in form of statement credit
- Minimum $25 redemption
