Whether 0% APR or no annual fee is better depends on your spending habits and financial goals. A 0% APR credit card can work better for you if you plan on making a large purchase and don’t anticipate paying the balance anytime soon. However, if you plan on paying the balance in full after each billing cycle and want to minimize costs, then a no annual fee card would be recommended.
Please keep in mind that just because a card offers a 0% APR introductory rate, it doesn’t mean that the card will charge an annual fee. On the contrary, some of the best 0% APR credit cards don’t have an annual fee. However, they usually require at least good credit for approval.
If you don’t know what credit card works for you, then try using WalletHub’s Card Advisor tool, to get recommended credit card offers. You can also learn more about how to choose the right credit card, right here on WalletHub.
This answer was first published on 01/04/24. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
