- No rewards breakdown available
You could get a 0% promotional annual interest rate (“AIR”) for 12 months on balance transfers completed within 90 days of account opening.
N/A
12.99%
24.99%
The MBNA True Line® Mastercard stands out as the top choice because it offers a unique combination of no annual fee and a low interest rate, making it ideal for those looking to minimize interest payments on their balances.
Pros:
- No annual fee
- Low interest rate
Cons:
- No rewards points
- Higher interest rates after promotional period
- No rewards breakdown available
N/A
N/A
10.99%
24.99%
What sets the MBNA True Line® Gold Mastercard apart is its exceptionally low purchase interest rate of 10.99%, making it a strong contender for those who prioritize saving on interest over rewards.
Pros:
- Lowest interest rate from MBNA
- Low annual fee
Cons:
- No rewards points
- Higher cash advance rates
3.CIBC Select Visa Card
CIBC
- No rewards breakdown available
Get 0% interest for up to 10 months on balance transfers of $100 or more with a 1% transfer fee and a first-year annual fee rebate.
N/A
13.99%
13.99%
The standout feature here is the 0% interest on balance transfers for the first 10 months, making the CIBC Select Visa Card an excellent option for those looking to manage existing debt effectively.
Pros:
- 0% interest on balance transfers for 10 months
- First-year annual fee rebate
Cons:
- Standard interest rates apply after promotional period
- Annual fee after first year
4.Scotiabank Value Visa Card
Scotiabank
- No rewards breakdown available
Get a 0.99% promotional interest rate on balance transfers for your first 9 months with a 2% balance transfer fee.
N/A
13.99%
13.99%
This card shines for its low-interest financing options, particularly with the 0.99% introductory rate on balance transfers, making it a solid choice for those looking to consolidate debt.
Pros:
- Low interest rate
- 0.99% introductory rate on balance transfers
Cons:
- No rewards points
- Annual fee applies after first year
Final Words
As you explore the best 0% APR credit cards this February, remember that your financial needs and spending habits should guide your choice. Take time to compare the options available, ensuring you make an informed decision that aligns with your goals.
Frequently Asked Questions
You could get a 0% promotional annual interest rate (“AIR”) for 12 months on balance transfers completed within 90 days of account opening.
The MBNA True Line® Gold Mastercard does not provide any rewards or welcome bonuses.
Get 0% interest for up to 10 months on balance transfers of $100 or more with a 1% transfer fee and a first-year annual fee rebate.
0% APR credit cards allow you to make purchases or transfer balances without accruing interest for a specified period, which can help manage debt more effectively. They are especially beneficial for those needing time to pay off large expenses without added interest costs.
Yes, some 0% APR credit cards do have annual fees, while others may not. It's important to review the terms and conditions of each card to determine if the potential savings from the 0% APR outweigh the cost of the annual fee.
Consider factors such as the length of the 0% APR period, any associated fees, and your spending habits. Compare the features of different cards and choose one that aligns with your financial goals and repayment capabilities.
Most 0% APR credit cards require you to apply online or in person, providing personal information and financial details. Approval is often based on your credit score and financial history, so ensure your credit is in good standing before applying.
