Longest 0% Purchase Credit Card Offers From Banks & Credit Unions – July 2020

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Updated on Wednesday, July 1, 2020

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If you’re planning to make a large purchase and pay it off over several months, you should consider a credit card that lets you carry a balance for an extended period of time without paying interest.

There are currently several credit cards available that offer 0% introductory APRs on purchases for more than a year. When deciding which one is right for you, in addition to the length of the introductory APR, you should look at the ongoing interest rate, the annual fee and the card benefits.

Based on our research of cards available through MagnifyMoney, as well as top cards offered by major issuers and credit unions, we have compiled a list of credit cards that offer the longest introductory APRs on purchases.

20-month no interest credit card

U.S. Bank Visa® Platinum Card

The U.S. Bank Visa® Platinum Card offers the longest introductory APR on purchases currently available. Cardholders receive a 0%* intro APR for 20 billing cycles on Purchases*. After that, a regular APR of 13.99% - 23.99%* (variable) applies.

The card also offers a 0% intro APR for 20 billing cycles on Balance Transfers*, then an APR of 13.99% - 23.99%* (Variable).

Additional U.S. Bank Visa® Platinum Card benefits:

  • $0* annual fee
  • Cellphone protection
  • Free TransUnion credit score

What to look out for. The U.S. Bank Visa® Platinum Card does not offer a rewards program. However, that is typical for a card offering such a long introductory APR on purchases and balance transfers. Additionally, if you transfer a balance to the card, you will be subject to balance transfer fees of either 3% of the amount of each transfer or $5 minimum, whichever is greater.

18-month no interest credit card

Wells Fargo Platinum card

Not far behind the U.S. Bank Visa® Platinum Card, the Wells Fargo Platinum card offers an introductory APR of 0% for 18 months, then a regular APR of 15.49%-24.99% (variable) will apply to any remaining balance or new purchases.

Cardholders also receive an intro APR on balance transfers of 0% for 18 months on qualifying balance transfers, then an APR of 15.49%-24.99% (variable).

Additional Wells Fargo Platinum card benefits:

  • $0 annual fee
  • Access to your FICO credit score through Wells Fargo Online
  • Auto rental collision damage waiver
  • Travel accident insurance
  • Travel and emergency assistance services
  • Cellphone protection
  • Overdraft protection

What to look out for. The Wells Fargo Platinum card also does not offer a rewards program. Additionally, the card comes with a balance transfer fee of either $5 or 3% for 120 days, then 5% with a minimum of $5.

TruWest Visa® Signature Card

Along with an extended introductory APR on purchases and a sign-up bonus, the TruWest Visa® Signature Card offers rewards on every purchase and access to Visa Signature benefits. Cardholders receive a 0% introductory APR for 18 months on purchases. After that, a low, ongoing APR of 7.90%-8.90% variable applies. Plus, cardholders earn 1 point per dollar spent, and up to 10 extra points per dollar spent when you sign up for the Get Extra Points Program.

Additional TruWest Visa® Signature Card benefits:

  • 0% introductory APR for 18 months on balance transfers, then 7.90%-8.90% variable APR
  • $0 annual fee
  • Earn $100 when you spend $100 in the first 90 days
  • Earn up to 1.5% cash back with the TruRewards program
  • Visa Signature benefits, such as hotel upgrades and concierge services

What to look out for. This card is restricted to TruWest Credit Union members, which includes people who live, work, own a business or go to school in select Arizona and Texas counties, or who are related to a current TruWest Credit Union member. You can read more about membership eligibility on TruWest’s website.

TruWest Visa Platinum Card

Like the TruWest Visa® Signature Card, the TruWest Visa Platinum Card also offers a 0% introductory APR for 18 months on purchases, then a low regular APR of 5.95% - 19.95% variable.

Additional TruWest Visa Platinum Card benefits:

  • 0% introductory APR for 18 months on balance transfers, then 5.95% - 19.95% variable APR
  • $0 annual fee
  • Low starting APR on purchases and balance transfers

What to look out for. Unlike the TruWest Visa® Signature Card, the TruWest Visa Platinum Card does not offer a rewards program. Also, keep in mind that the card is only available to TruWest Credit Union members.

TruWest Platinum Points Visa Rewards Card

The TruWest Platinum Points Visa Rewards Card also offers a 0% introductory APR for 18 months on purchases. After the intro period, the regular APR is 7.90% - 14.90% variable.

Similar to the TruWest Visa® Signature Card, the TruWest Platinum Points Visa Rewards Card offers a sign-up bonus and rewards program. Cardholders automatically earn up to 1 point for every $1 you spend, and earn up to 10 extra points per dollar spent. Plus, earn $100 when you spend $100 in the first 90 days.

Additional TruWest Platinum Points Visa Rewards Card card benefits:

  • 0% introductory APR for 18 months on balance transfers, then 7.90% - 14.90% variable APR
  • $0 annual fee
  • Automatically earn up to 1 point for every $1 you spend, and earn up to 10 extra points per dollar spent. Also, earn up to 1.5% cash back with the TruRewards program.

What to look out for. While they offer the same rewards rate, the TruWest Platinum Points Visa Rewards Card does not offer the same exclusive Visa Signature benefits, including hotel upgrades, as the TruWest Visa® Signature Card. Also, as with the other TruWest credit cards, the TruWest Platinum Points Visa Rewards Card is only available to TruWest Credit Union members.

15-month no interest credit card

Chase Freedom®

The Chase Freedom® offers a generous amount of cash back in popular spending categories, with a slightly shorter introductory APR period. The card provides a 0% Intro APR on Purchases for 15 months, then an APR of 16.49% - 25.24% variable. Plus, cardholders earn the following rewards rate: Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases.

Additional Chase Freedom® benefits:

  • Earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening.
  • 0% Intro APR on Balance Transfers for 15 months, then 16.49% - 25.24% variable APR
  • $0 annual fee
  • Purchase protection
  • Extended warranty

What to look out for. The Chase Freedom® only allows you to earn the higher bonus rate on the first $1,500 in combined purchases each quarter. Still, if you max out the $1,500 cap, you can earn $75 cash back per quarter.

Chase Freedom Unlimited®

The Chase Freedom Unlimited® offers the same introductory APR on purchases as the Chase Freedom®, but with a flat cashback rewards rate. Cardholders receive a 0% Intro APR for 15 months on purchases, then a regular APR of 14.99% to 23.74% variable.

Cardholders also earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.

Additional Chase Freedom Unlimited® benefits:

  • N/A on balance transfers, then 14.99 - 23.74% variable APR
  • $0 annual fee
  • Complimentary three-month DoorPass membership from DoorDash (activate by Dec. 31, 2021)
  • Purchase protection
  • Extended warranty

What to look out for. While the Chase Freedom Unlimited® also offers a long introductory APR on balance transfers, keep in mind that the card charges a Either $5 or 5% of the amount of each transfer, whichever is greater.

Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

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Terms Apply |  Rates & Fees

Blue Cash Everyday® Card from American Express

Intro Purchase APR
0% on purchases for 15 months
Intro BT APR
N/A
Regular Purchase APR
13.99%-23.99% Variable
Annual fee
$0
Rewards Rate
3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases.

Along with an intro 0% on purchases for 15 months on purchases, then a regular APR of 13.99%-23.99% variable, the Blue Cash Everyday® Card from American Express offers an elevated cashback rate in everyday spend categories.

Cardholders earn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 2% cash back at U.S. gas stations and at select U.S. department stores. 1% cash back on other purchases. Plus, earn a $150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.

Additional Blue Cash Everyday® Card from American Express benefits:

  • $0 annual fee
  • Car rental loss or damage insurance
  • Complimentary ShopRunner membership
  • Terms apply.

What to look out for. The Blue Cash Everyday® Card from American Express limits the amount of cash back you can earn at the higher rate, however. Once you spend $6,000, you will only earn the lower cash back at U.S. supermarkets. However, if you max out the $6,000 spend cap, you will earn $180 back on those purchases.

To see rates & fees for the Blue Cash Everyday® Card from American Express, please click here.

The Amex EveryDay® Credit Card from American Express

The Amex EveryDay® Credit Card from American Express offers an intro APR of 0% for 15 months on purchases. After that, a regular APR of 12.99% - 23.99% variable will apply. Plus, cardholders earn 2x points at US supermarkets, on up to $6,000 per year in purchases (then 1x), 1x points on other purchases.

Additional The Amex EveryDay® Credit Card from American Express benefits:

  • Introductory 0% for 15 Months on balance transfers, then a 12.99%- 23.99% variable APR will apply
  • $0 annual fee
  • $0 balance transfer fee.
  • 20% extra points when you use your card 20 or more times on purchases in a billing cycle
  • Payment flexibility

What to look out for. The Amex EveryDay® Credit Card from American Express does not offer a welcome bonus or rewards on the purchases you make with the card.

To see rates & fees for The Amex EveryDay® Credit Card from American Express, please click here.

Chase Slate®

With the Chase Slate®, you can enjoy a 0% Intro APR on Purchases for 15 months, then an APR of 16.74% - 25.49% variable applies. Additionally, the card offers a 0% Intro APR on Balance Transfers for 15 months, then 16.74% - 25.49% variable APR. You also get a Intro $0 on transfers made within 60 days of account opening. After that: Either $5 or 5%, whichever is greater.

Additional Chase Slate® benefits:

  • $0 annual fee
  • No penalty APR
  • Free credit score access through Credit Journey

What to look out for. The Chase Slate® does not offer a rewards program.

Wells Fargo Cash Wise Visa® card

The Wells Fargo Cash Wise Visa® card offers a straightforward approach to earning rewards, as well as an intro APR of 0% for 15 months on purchases. After that, a regular APR of 13.99%-25.99% (variable) applies.

Cardholders earn unlimited 1.5% cash rewards on purchases. The card also offers a $150 cash bonus after spending $500 in the first 3 months.

Additional Wells Fargo Cash Wise Visa® card benefits:

  • Intro APR of 0% for 15 months on qualifying balance transfers on balance transfers, then 13.99%-25.99% (variable) APR
  • $0 annual fee

What to look out for. The Wells Fargo Cash Wise Visa® card charges a balance transfer fee of either 3% for 120 days, then 5%. After that, up to 5% for each balance transfer, with a minimum of $5.

Additionally, cash redemptions are only available in increments of $25 by phone or online, and in increments of $20 from a Wells Fargo ATM. You must have a Wells Fargo debit or ATM card to redeem rewards at a Wells Fargo ATM.

American Express Cash Magnet® Card – $150 Welcome Offer

Similar to the Wells Fargo Cash Wise Visa® card, the American Express Cash Magnet® Card – $150 Welcome Offer lets you earn unlimited 1.5% cash back on your purchases, as well as an intro APR of 0% on purchases for 15 months. After that, a regular APR of 13.99%-23.99% variable applies.

Cardholders also earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership.

Additional American Express Cash Magnet® Card – $150 Welcome Offer benefits:

  • $0 annual fee
  • Payment flexibility
  • Car rental loss and damage insurance
  • Complimentary ShopRunner membership

What to look out for. With the American Express Cash Magnet® Card – $150 Welcome Offer, you can only redeem rewards as statement credits.

To see rates & fees for the American Express Cash Magnet® Card – $150 Welcome Offer, please click here.

PNC Core® Visa® Credit Card

The PNC Core® Visa® Credit Card is a basic card that offers an Introductory 0% APR on purchases for the first 15 billing cycles following account opening, then a 11.74%-21.74% variable APR will apply. The card also offers a 0% introductory APR for the first 15 billing cycles following account opening when the balance is transferred within the first 90 days following account opening, then a 11.74%-21.74% variable APR.

Additional PNC Core® Visa® Credit Card benefits:

  • $0 annual fee
  • Earn a $100 bonus after you make $1,000 in the first 3 billing cycles following account opening

What to look out for. While the PNC Core® Visa® Credit Card offers a sign-up bonus, it does not offer rewards on the purchases you make using the card.

Truly Simple® Card from Fifth Third Bank

The Truly Simple® Card from Fifth Third Bank comes with limited benefits and has no rewards program; however, cardholders can enjoy a 0% introductory APR for the first 15 billing cycles after your account is opened on purchases, then a regular APR of 11.99% - 22.99% variable. The card also offers a 0% introductory APR for the first 15 billing cycles after your account is opened on balance transfers, then 11.99% - 22.99% Variable APR.

Additional Truly Simple® Card from Fifth Third Bank:

  • $0 annual fee
  • No penalty APR
  • Access to Mastercard Global Service and Mastercard Priceless Cities

What to look out for. This card is limited to residents of Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Tennessee and West Virginia.

BB&T Bright Credit Card

The BB&T Bright Credit Card is a no-frills card that offers a 0% intro for 15 months on purchases, then 12.74% - 21.74% variable APR, as well as a 0% intro for 15 months on balance transfers, then a 12.74% - 21.74% variable APR.

Additional BB&T Bright Credit Card benefits:

  • Access to discounts through BB&T Deals
  • Travel and emergency assistance services
  • Auto rental collision damage waiver

What to look out for. The BB&T Bright Credit Card comes with balance transfer fees of 3% or $10 minimum on transactions greater than $10. Additionally, the card is restricted to residents of Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, D.C. and West Virginia.

Visa® Platinum Preferred Rewards from APG FCU

Offered by the APG Federal Credit Union, the Visa® Platinum Preferred Rewards from APG FCU comes with a 0% intro APR for 15 months on purchases, then 12.49% - 17.99% variable APR.

The card also offers the following sign-up bonus: Earn 1,000 free Welcome points at sign up and 2,500 free Thank You points at first purchase.

Additional Visa® Platinum Preferred Rewards from APG FCU benefits:

  • 0% intro APR for 15 months on balance transfers, then 10.99% to 17.99% variable APR
  • $0 annual fee

What to look out for. To qualify for this card, you must be a member of APG FCU and live, work, worship, attend school or volunteer in Harford or Cecil County in Maryland or certain areas in Middle River, Maryland.

KeyBank Latitude® Credit Card

The KeyBank Latitude® Credit Card offers a 0.00% Introductory APR for the first 15 monthly billing cycles on purchases. After the intro period ends, a regular APR of 11.99% - 21.99% variable applies.

Additional KeyBank Latitude® Credit Card benefits:

  • 0.00% Introductory APR for the first 15 monthly billing cycles on balance transfers, then 11.99% - 21.99% Variable APR
  • $0 annual fee

What to look out for. This card is restricted to applicants who live in Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont and Washington. The card also comes with a balance transfer fee of either $10.00 or 3% of the amount of each transaction, whichever is greater.

When is a personal loan better?

Being able to avoid interest charges on a large purchase can save you a lot of money. So, if you can apply for a 0% intro APR credit card that doesn’t charge an annual fee, that will most likely be your best bet. However, there are a few circumstances where a personal loan might be a better option:

  • You need a longer period of time to pay off a large purchase. Personal loans are considered installment loans, meaning you can borrow one lump sum that you pay off in fixed monthly payments over a specific time frame. Depending on your credit, there are personal loans available with interest rates as low as 4% and payment terms as long as 84 months.By contrast, 0% intro APR credit cards offer interest-free periods on purchases for up to 20 months. If you don’t pay your balance in full within that period, you may be subject to interest charges often ranging from 12% to 24%. Keep in mind, though, you can find cards with lower interest rates in this post.
  • You need cash instead of plastic. For example, you might need to pay a contractor who does not accept credit cards. If you need cash, a personal loan usually makes more sense than a credit card, since credit cards often charge cash advance fees and high interest rates on cash advances. The Chase Slate® card, for example, charges a cash advance fee of Either $10 or 5% of the amount of each transfer, whichever is greater, and comes with a cash advance APR of 26.74% Variable.

If you’re considering a personal loan, you can compare and apply using our personal loan comparison tool, which allows you to check interest rates and see what your chances of approval are without hurting your credit score.

The information related to the Chase Freedom®, Chase Freedom Unlimited®, Chase Slate®, Wells Fargo Cash Wise Visa® card and The Amex EveryDay® Credit Card from American Express has been independently collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information. 

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

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