Cards advertised as no-interest credit cards are actually promoting an introductory offer of no interest on purchases during an initial period. You may see them offered as 0% APR, No-Interest Offer, or Zero-Interest Introductory Rate — all of which indicate the no-interest period is for a limited time. Many of these cards also extend the introductory rate to balance transfers as well, if the transfer is made within the first few weeks of receiving your card. Often, a balance transfer fee applies, so check the offer carefully. But even with a one-time fee, this can be a great way to effectively pay down higher-interest debt since all of your payment goes toward reducing your balance. One thing to note about no-interest cards is that they usually charge a higher-than-average rate once the introductory period ends. While the current average credit card interest rate is around 17%, some 0% cards can charge 26.99% or higher when the intro rate expires. Plenty of good 0% offers are out there, such as the Discover it Balance Transfer card with an introductory 18 months of no interest, or the Chase Freedom Unlimited with a similar 15-month intro period —  but both of those cards require good to excellent credit.