How To Find My Apr Capital One

Borrowing money usually comes at a toll. Whether it'southward a loan or a credit card, lenders profit from charging interest on the money they lend. For credit cards, this interest rate is typically calculated every bit a yearly charge per unit, known as the annual percent rate — or APR.

Sometimes, still, credit menu lenders will provide new and existing cardmembers the hazard to avoid accruing interest on the money they borrow for a certain corporeality of time. This is often referred to every bit a 0% APR period, and information technology tin be hugely beneficial.

Whether information technology'south for new purchases or transferring an existing residual from another menu, a 0% Apr offer is a not bad mode to save money past avoiding those pesky involvement charges. Here's all you need to know so you can determine if a 0% April offer is right for your situation.

In this article

The two types of 0% April offers
Elevation cards with a 0% introductory Apr for balance transfers
Top cards with a 0% introductory APR for purchases
The bottom line on 0% Apr offers

The two types of 0% APR offers

There are two types of 0% APR offers: one for new purchases, and i for remainder transfers. While both allow y'all to avoid paying involvement for a sure amount of time, each works differently.

0% Apr on rest transfers

A 0% APR offer for balance transfers gives cardmembers the ability to avoid accruing interest for a certain amount of time on balances transferred from other credit cards. After the promotional catamenia ends, remaining balances are typically subject to a variable APR that's based on your creditworthiness. While this promotion is oft targeted towards new cardmembers, existing cardmembers are sometimes provided this offer also.

Promotional periods for rest transfers will vary from card to card, but information technology's not uncommon to run across a 0% Apr offer for 15 months — or fifty-fifty up to 21 months. For new cardmembers, this menstruum begins at account opening. So if y'all open a new credit card that has a 0% APR offer on residual transfers for xv months and yous don't take advantage of this perk until five months in, you'll only have 10 months left to avert paying interest.

While this gives you lot the liberty to avoid paying involvement for a set amount of fourth dimension, it'southward important to continue in heed that you'll exist charged interest on any remaining rest when the promotional period ends. Since the interest charge per unit after the promotional period ends is oft variable and based on your credit, the 0% interest rate you came to enjoy could jump significantly higher.

A 0% APR residuum transfer offer can be a corking pick if you take a credit carte du jour balance yous're trying to pay down, but it'due south costing as well much in interest. Transferring this residual to a card with a 0% Apr offer volition permit you to chip abroad at the remainder without getting sidelined by interest charges.

0% April on purchases

For new purchases, cardmembers can avoid paying involvement past utilizing a credit carte that offers a 0% Apr on purchases. Similar to balance transfer offers, this promotional menstruation often begins for new cardmembers the moment an account is opened. Also, any remaining rest when the promotional menstruation ends volition likely also be bailiwick to a variable April based on your credit.

Credit cards that offering 0% APR periods for new purchases tin exist a huge help if you need to make a large purchase but don't accept the funds to immediately pay it off. These cards allow you to make that purchase and avert paying interest on information technology for the duration of the promotional period.

Top cards with a 0% introductory APR for balance transfers

Several credit cards offer a 0% introductory APR on balance transfers, but these promotional periods can vary from card to card. In improver to promotional periods, yous should too take other factors into consideration to determine which carte is best for y'all. This tin can be anything from the menu'due south almanac fee to how the card aligns with your normal day-to-twenty-four hours spending.

Hither are the best residue transfer cards with a 0% introductory period:

Menu name	Residual transfer offer	Annual fee
Citi Double Greenbacks Carte du jour	0% intro April on residue transfers for 18 months, then xiv.24% to 24.24% (variable)	$0
Citi Simplicity Carte du jour	0% intro Apr on residual transfers for 21 months, and so fourteen.99% to 24.99% (variable)	$0

Height cards with a 0% introductory APR for purchases

Just similar balance transfers, several credit cards offer a 0% introductory Apr menstruation for purchases. Aside from the duration of this promotional flow, you also want to consider carte du jour specifics, such as annual fee and how you lot might continue to benefit from using the card for normal spending outside the 0% April offer.

Hither are the peak credit cards offering a 0% introductory Apr menses for purchases:

Card name	Purchase offer	Annual fee
Discover it Greenbacks Dorsum	0% APR on purchases for fifteen months, then 11.99% to 22.99% (variable)	$0
Hunt Freedom Unlimited	0% APR on purchases for fifteen months, so 14.99% to 23.74% (variable)	$0
Chase Freedom Flex Card	0% Apr on purchases for 15 months, so xiv.99% to 23.74% (variable)	$0
Capital letter 1 Quicksilver Cash Rewards Credit Card	0% APR on purchases for 15 months, then 15.24% to 25.24% (variable)	$0
Blue Cash Everyday® Carte from American Express	0% APR on purchases for 15 months, then 14.24% to 24.24% (variable) (See rates and fees)	$0 (Encounter rates and fees) (Terms apply)

The bottom line on 0% APR offers

Whether it'south for new purchases or balance transfers, taking advantage of a credit menu that offers a 0% APR period tin help you lot save a significant amount of money in interest that you lot'd otherwise have to pay. If y'all are a small business possessor, you also might desire to cheque out the best 0% APR business credit cards. It just depends on your situation as to which ane is best for y'all.

Retrieve that the 0% April offer you receive eventually ends, and the interest rate on your remaining balance can jump significantly. For balance transfers, this involvement rate might even be higher than the interest rate yous were initially being charged before yous fabricated the transfer.

Keep all this in heed equally you determine the best credit card and 0% APR offering for yous. If you lot pay your balance in total before the promotional flow ends, yous should find a 0% APR offering can assistance you save a significant amount of money.

Author Details

Matt Miczulski

Matt Miczulski Matt Miczulski is a personal finance writer specializing in fiscal news, budget travel, cyberbanking, and debt. His interest in personal finance took off after eliminating $30,000 in debt in simply over a yr, and his goal is to help others larn how to get ahead with ameliorate coin management strategies. A lover of history, Matt hopes to use his passion for storytelling to shine a new light on how people think about money. His work has also been featured on MoneyDoneRight and Recruiter.com.