Best 0% APR Credit Cards Of January 2024

A 0% APR credit card offers an introductory period without finance charges on purchases, balance transfers or both. Getting a break from finance charges can be a welcome change from the double-digit interest typically charged on credit cards or other loans. The less you’re paying in interest, the more you can put towards paying off your debt.

Introductory 0% APR offers allow new cardholders to finance purchases or balance transfers—sometimes both, depending upon the offer and card agreement terms—without paying interest for a predetermined period of time. After this time, the regular, ongoing interest rate applies to any remaining balances.

The table below demonstrates the difference in cost for borrowing $1,000 for 12 months on either a card with an 18% ongoing APR or a card with a 0% introductory APR for 12 months. Assuming the cardholder makes equal monthly payments each month, the cost of carrying the balance is evident. You can calculate your own interest rates using our credit card payoff calculator.

Note that 0% introductory APRs are significantly different from deferred interest financing, which may charge interest from the date of purchase. Deferred interest financing is often referred to as “special financing”. Carefully read any card agreement before applying for a card.

When a 0% introductory APR period ends, the ongoing APR applies to any unpaid balances carried on the card. For this reason, it’s critical you pay off any balances before the end of the introductory period.

When applying for a credit card, your creditworthiness as determined by the card issuer is a central factor in determining the interest rate offered to you. Your credit score is a reference of your creditworthiness as evaluated against a certain set of criteria by a credit bureau.

Elements of your credit, like your payment history, credit utilization and the number and length of accounts you have help determine your credit score. The higher your score, the better your credit and, in general, the more likely you’ll be to receive a credit card approval and a lower interest rate. The better your credit, the less an issuer will be likely to charge you in interest.

Your credit is not the only element an issuer considers, however. Your income and certain expenses may also weigh on a card issuer’s decision to offer you a lower or higher rate.

Webull Review 2024: Pros, Cons and How It Compares

Where Webull shines

Low cost: Webull ranks among the best in terms of costs, with free stock and options trades and a relatively low per-contract options fee.

Advanced tools: Webull was built to be user-friendly for a mobile-first generation, but that doesn’t come at the expense of advanced charting and screener tools.

Appeals to a broad audience: In some ways, the company seems to have taken cues from modern forerunners like Robinhood, which appeal to new and casual investors who expect a great mobile experience and a clean, simplified desktop interface. But Webull is also a strong choice for more advanced active traders, offering in-depth charting, dozens of technical indicators, advanced orders, market data from several sources, customization and more. All of this is packaged up in an approachable, sleek platform.

Cash management: Webull users can currently get 5% APY on their uninvested cash, which is among the highest of any brokerage.

Where Webull falls short

No mutual funds: If you’re looking for the easy diversification of mutual funds, you won't find them at Webull.

Thin research support: Webull's third-party research and data offerings are lackluster compared to most other brokers.

Webull is best for

Webull at a glance

$0 per trade, $0.55 per contract.

Account fees (annual, transfer, closing, inactivity)

Interest rate on uninvested cash

Number of no-transaction-fee mutual funds

Mobile, browser-based and downloadable desktop platforms available with advanced charts, indicators, screeners and customization. Not the most intuitive buy/sell interface, but it's usable.

Mobile app offers advanced features including charts and indicators, paper trading, price alerts and voice command.

A handful of data providers including Bloomberg and Refinitiv.

Customer support options (includes how easy it is to find key details on the website)

Customer support available by e-mail and phone from 9:30 a.m. Eastern time to 4:30 p.m. In-app help center available 24/7.

More details about Webull's ratings

Account minimum: 5 out of 5 stars

There is no account minimum at Webull.

Stock trading costs: 5 out of 5 stars

Webull ranks high in terms of cost, with no account minimum and free trades on stocks, exchange-traded funds and American depository receipts.

Options trades: 4 out of 5 stars

Webull no longer offers completely-free options trades — they still do not charge a commission, but they do now charge a per-contract fee of $0.55. However, that's still lower than the fees charged by many other brokers.

Account fees: 5 out of 5 stars

Account fees are one area in which Webull has improved over the years; it has dropped its old transfer fee and joined the exclusive ranks of brokers that charge no account fees at all.

Interest rate on uninvested cash: 5 out of 5 stars

Webull investors get their uninvested cash swept into a network of accounts at partner banks that accrue interest daily and pay it out monthly. Webull's 5% APY on uninvested cash is available to all users, and is one of the best cash interest rates among any broker.

Tradable securities: 3 out of 5 stars

Despite a robust offering for active traders, Webull lacks access to some common securities, such as mutual funds. Bonds are only available in the form of bond ETFs. For investors interested in saving for retirement in an IRA, this could make it harder to truly diversify across assets traditionally found in a retirement portfolio.

On the upside, Webull offers fractional shares — and provides cheap credit to advanced investors via some of the lowest margin rates in the business.

Crypto offering: Webull's sister app Webull Pay gives investors the ability to trade 8 cryptocurrencies for USD. Webull Pay is a relatively well-reviewed app (4.05 stars, on average) that offers investors a smooth, easy-to-use trading interface. However, like many crypto offerings from stock brokers, it has fewer features than many pure-play crypto brokers. There are no crypto-crypto trading pairs, staking features, or third-party wallet compatibilities on Webull Pay, for example.

Number of no-transaction-fee mutual funds: Not rated.

Webull does not offer any mutual funds.

Trading platform: 4 out of 5 stars

Webull excels at marrying the minimalist look and feel the mobile-first generation is accustomed to with the capabilities of a more advanced product. This also helps Webull achieve the somewhat unique feat of creating a platform that bridges intermediate level trading and advanced trading, ushering users along their investment journey as they gain more experience. The extended trading hours — 4:00 a.m. Eastern time to 8:00 p.m. on weekdays — are a nice touch, as well.

Webull offers investors access to initial public offerings (IPOs), as well as over-the-counter (OTC) stocks for an additional commission. That puts it ahead of some brokers in terms of the capabilities of its trading platform — but behind those that offer free OTC stock trades.

But in trying to appeal to both beginner and advanced investors, Webull delivers a less-than-perfect product for both groups. New investors might struggle to find the "buy" and "sell" buttons amidst all the chart widgets and screeners, while advanced investors might find those widgets and screeners somewhat disappointing compared to what's available from other trading-oriented brokers.

Webull also accepts payment for order flow (PFOF), which can result in orders being executed slightly slower or at slightly worse prices than at non-PFOF brokers — although its effects will be negligible for most investors. The PFOF business model involves routing customer orders through trading firms for execution, and the trading firms can use the customer order data to inform their own trading decisions. Webull says its execution quality is 99.43%.

🤓Nerdy Tip

The average execution quality of all brokers we review was 97.4% as of August 31, 2023. That means 97.4% of orders were executed at a price that was at or better than the National Best Bid and Offer. Executing at or above the NBBO means you may receive price improvement, or a better share price than you were originally quoted.

Mobile app: 5 out of 5 stars

Webull has a highly rated mobile app, which makes sense, considering it’s targeting mobile-first customers. Within the app, users can access advanced features, like charts and indicators, a paper trading account and voice command functionality.

Research and data: 2 out of 5 stars

Webull's third-party research and data offerings feel significantly more limited than those of their competitors. Investors get access to data from Refinitiv and news from Bloomberg. A handful of other services are available — but less than most other brokers offer.

Customer support options: 3 out of 5 stars

Webull offers customer support via phone and email during market hours, and an easily-navigable website. Its educational support offerings, however, are limited.

Is Webull right for you?

If you’re a true beginner, or if you’ve yet to build a well-diversified, long-term portfolio, there may be other brokers better suited for you. However, if you’ve got an intermediate level of experience, are interested in active trading or are hoping to improve your trading skills through advanced orders and technical analysis, Webull could be a good fit — especially considering its low price point compared with brokers with similar offerings.

How do we review brokers?

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent exam of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary exam process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

Chime Review: Checking and Savings

You can add money to your Chime account through direct deposit, mobile check deposit and electronic transfer from another bank account. You can also add cash to your account at third-party retailers, such as Duane Reade, Walgreens, Walmart and 7-Eleven. Cash deposits at Walgreens and Duane Reade are free, but other third-party services charge a fee.