Best 0% APR Credit Cards to Fight Debt as Fed Keeps Raising Rates

As the Federal Reserve continues its aggressive rate hikes—with another increase expected in December—Americans carrying credit card debt are facing steeper borrowing costs. The average credit card APR has already surpassed 19%, and variable rates tied to the prime rate will climb further, making it harder to pay down balances. For consumers seeking relief, 0% introductory APR balance transfer cards have emerged as a powerful tool to freeze interest and accelerate debt payoff. These offers, typically lasting 12 to 21 months, allow cardholders to transfer high-interest balances and avoid new interest charges, potentially saving hundreds or even thousands of dollars. Experts recommend comparing balance transfer fees (usually 3% to 5%) and ensuring you can pay off the balance before the promotional period ends. With the Fed signaling more hikes ahead, locking in a 0% APR now could be a strategic move to regain control of your finances before rates rise again.