If you plan to carry a balance on your card, then yes, 0% intro APR is often a better perk than no annual fee. A 0% intro APR allows you to carry a balance without incurring interest charges during the promotional period. This can be advantageous if you need to make a large purchase or if you are consolidating existing debt. This flexibility is invaluable as it provides a temporary interest-free period, giving you time to pay off your balance without accruing interest. That said, 0% intro APR is usually a promotional offer and has a limited duration. After the introductory period ends, regular APR will apply.
On the other hand, having no annual fee means you will not incur a yearly charge for holding the card. This is beneficial for those who do not want to pay an additional fee just to have the credit card. If you pay your balance in full each month and do not carry a balance, a card with no annual fee might be the more cost-effective choice.
In many cases, credit cards can have both features – a 0% intro APR and no annual fee. It is essential to consider your spending habits, whether you will carry a balance, and how you plan to use the card when deciding which features are more important for your financial situation.